The following tables present the calculations of basic and diluted (loss) earnings per share for the three and six months ended June 30, 2026 and 2025:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share amounts)	2026		2025		2026		2025
Basic net (loss) income per share:
Net (loss) income	$	(16,660)	$	13,931	$	(12,118)	$	4,313
Weighted-average basic shares outstanding	44,358,330		43,744,144		44,283,478		43,579,171
Basic net (loss) income per share	$	(0.38)	$	0.32	$	(0.27)	$	0.10


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share amounts)	2026		2025		2026		2025
Diluted net (loss) income per share:
Net (loss) income	$	(16,660)	$	13,931	$	(12,118)	$	4,313
Weighted-average basic shares outstanding	44,358,330		43,744,144		44,283,478		43,579,171
Plus: Common stock equivalents associated with stock-based compensation	—		559,187		—		1,006,991
Weighted-average diluted shares outstanding	44,358,330		44,303,331		44,283,478		44,586,162
Diluted net (loss) income per share	$	(0.38)	$	0.31	$	(0.27)	$	0.10

The computation of weighted-average diluted shares outstanding excluded the following share amounts as their effect would have been anti-dilutive for the three and six months ended June 30, 2026 and 2025:


	As of June 30,
	2026	2025
Outstanding RSUs	2,584,058	1,462,871
Outstanding PSUs	182,130	266,991
Outstanding stock options	2,316,681	1,938,750
Outstanding ESPP shares	547,702	176,597