v3.26.1
Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Note 10 - Earnings (Loss) Per Share
The following tables set forth the computation of basic and diluted net income (loss) per share of common stock:
Three Months Ended June 30,
(in millions, except shares and per share amounts)
20262025
Basic net income (loss) per share attributable to common stockholders
Numerator:
Net income (loss)$(643.7)$24.0 
Denominator:
Weighted average number of shares of common stock outstanding294,503,465 327,242,789 
Basic net income (loss) per share attributable to common stockholders$(2.19)$0.07 
Diluted net income (loss) per share attributable to common stockholders
Numerator:
Net income (loss)$(643.7)$24.0 
Denominator:
Weighted average shares of common stock outstanding used to calculate diluted net income (loss) per share294,503,465 327,242,789 
Diluted net income (loss) per share attributable to common stockholders$(2.19)$0.07 
Six Months Ended June 30,
(in millions, except shares and per share amounts)
20262025
Basic net income (loss) per share attributable to common stockholders
Numerator:
Net income (loss)$(614.4)$50.8 
Denominator:
Weighted average number of shares of common stock outstanding298,477,470 333,992,323 
Basic net income (loss) per share attributable to common stockholders$(2.06)$0.15 
Diluted net income (loss) per share attributable to common stockholders
Numerator:
Net income (loss)$(614.4)$50.8 
Denominator:
Weighted average shares of common stock outstanding used to calculate diluted net income (loss) per share298,477,470 333,992,323 
Diluted net income (loss) per share attributable to common stockholders$(2.06)$0.15 
In periods of loss, the number of shares used to calculate diluted net income (loss) per share is the same as basic net income (loss) per share. Potentially dilutive securities excluded due to their anti-dilutive effect were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Restricted stock units22,369,079 17,305,281 18,251,642 15,459,826 
CEO Premium-Priced Performance Option9,678,000 — 9,678,000 — 
Liability-classified awards171,084 — 171,084 — 
Exercise of common stock options186,307 264,746 187,661 245,835 
Total anti-dilutive securities32,404,470 17,570,027 28,288,387 15,705,661 
For a description of the terms and conditions of these securities, refer to Note 13 – Equity-Based Compensation in our 2025 Form 10-K.