v3.26.1
Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The following table reflects the allocation of net income (loss) to common stockholders and EPS computations for the period indicated based on a weighted average number of shares of Common Stock outstanding for the three and six months ended June 30, 2026 and 2025 (in thousands, except per share data):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(25,096

)

 

$

(5,558

)

 

$

(72,360

)

 

$

(4,339

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

124,938

 

 

 

123,655

 

 

 

124,782

 

 

 

120,965

 

Diluted weighted average shares outstanding

 

 

124,938

 

 

 

123,655

 

 

 

124,782

 

 

 

120,965

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS attributable to holders of Common Stock

 

$

(0.20

)

 

$

(0.04

)

 

$

(0.58

)

 

$

(0.04

)

Diluted EPS attributable to holders of Common Stock

 

$

(0.20

)

 

$

(0.04

)

 

$

(0.58

)

 

$

(0.04

)

 

Schedule of Calculation of Diluted Earnings (Loss) Per Common Share

The following potentially dilutive average shares attributable to outstanding equity awards and convertible notes were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

RSUs excluded

 

 

2,661

 

 

 

246

 

 

 

2,349

 

 

314

 

PSUs excluded

 

 

2,185

 

 

 

669

 

 

 

2,185

 

 

896

 

Convertible notes excluded

 

 

28,291

 

 

 

 

 

 

14,223