Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2026

The following table sets forth the calculation of earnings per share (in millions, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net income, basic	$	154	$	80	$	280	$	136
Less: Gain on change in fair value of warrant liabilities(1)	—		—		7		—
Net income, diluted	$	154	$	80	$	273	$	136
Denominator:
Weighted-average shares of common stock outstanding - basic	578		580		583		577
Effect of dilutive securities:
Warrants to purchase common stock(1)	—		—		—		—
Dilutive common share equivalents included in dilutive shares	12		25		13		27
Weighted-average shares of common stock outstanding - diluted	590		605		596		604
Earnings per share, basic	$	0.27	$	0.14	$	0.48	$	0.24
Earnings per share, diluted	$	0.26	$	0.13	$	0.46	$	0.23

(1) During the six months ended June 30, 2026, the Company recorded a remeasurement gain of $7 million of the Company’s warrant liability, which was excluded from the net income to adjust for the dilutive impact of the warrants. The Company adjusted the weighted-average shares outstanding for the incremental dilutive shares using the treasury stock method.

Schedule of Antidilutive Securities Excluded from Computation of Earnings or Loss Per Share

The following potential shares of common stock were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive for the periods presented (in millions):


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Options to purchase common stock	5	2	5	1
Unvested restricted stock units	10	—	7	1

Warrants to purchase common stock	1	1	—	1

Total	16	3	12	3