Earnings (loss) per share (Tables)

6 Months Ended

Jun. 30, 2026

The computation of earnings (loss) per share attributable to common stockholders is as follows (in thousands, except per share amounts):


Table 18.1. Earnings (loss) per share
	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Net income (loss) from continuing operations	$	48,214	$	(482,100)	$	103,460	$	(417,309)
Less: Net loss attributable to noncontrolling interests	(7)		—		(14)		—
Net income (loss) attributable to common stockholders	$	48,221	$	(482,100)	$	103,474	$	(417,309)





Net income (loss) available to common stockholders - basic and diluted	$	48,221	$	(482,100)	$	103,474	$	(417,309)







Weighted-average common shares – basic	248,183		107,514		246,122		82,877
Add: Weighted-average effect of dilutive securities	20,454		—		21,818		—
Weighted-average common shares – diluted	268,637		107,514		267,940		82,877

Earnings (loss) per common share attributable to common stockholders:



Basic	$	0.19	$	(4.48)	$	0.42	$	(5.04)




Diluted	$	0.18	$	(4.48)	$	0.39	$	(5.04)

Schedule of Potentially Dilutive Securities

The outstanding securities that were excluded from the computation of diluted earnings (loss) per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows (in thousands):


Table 18.2. Potentially Dilutive Securities
	Three Months Ended June 30,		Six months ended June 30,
	2026	2025	2026	2025

Stock options and RSUs	766	37,518	765	37,518
Common stock in connection with business combinations	—	2,103	—	2,103
Convertible debt, net of debt discount	—	1,125	—	1,125

Total	766	40,746	765	40,746