v3.26.1
LOSS PER SHARE
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
LOSS PER SHARE
NOTE 18:     LOSS PER SHARE
 
The following table presents the computation of basic and diluted loss per share (“EPS”):
 
   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2026
   
2025
   
2026
   
2025
 
Basic and diluted EPS:
                       
Numerator:
                       
Net loss
 
$
(30,753
)
 
$
(124,744
)
 
$
(88,119
)
 
$
(223,267
)
Denominator:
                               
Shares used in computing net loss per share of common stock, basic and diluted
   
61,045,194
     
58,567,394
     
61,152,904
     
58,345,680
 
Loss per share:
                               
Basic and diluted
 
$
(0.50
)
 
$
(2.13
)
 
$
(1.44
)
 
$
(3.83
)
 
The following outstanding shares of common stock equivalents were excluded from the calculation due to their antidilutive nature:
 
   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2026
   
2025
   
2026
   
2025
 
Stock-based awards
   
5,711,603
     
1,749,516
     
5,129,434
     
1,970,715
 
Notes 2025
   
-
     
1,232,002
     
-
     
1,240,781
 
Notes 20291
   
9,819,347
     
9,819,347
     
9,819,347
     
9,819,347
 
Total shares excluded
   
15,530,950
     
12,800,865
     
14,948,781
     
13,030,843
 
 
1 In conjunction with the issuance of the Notes 2029, in June 2024, the Company used approximately $25,230 of the net proceeds from this offering to pay the cost of the capped call transactions. In July 2024, following an additional issuance of the Notes 2029, $3,111 of net proceeds were used to pay the cost of capped call transactions. In accordance with ASC 260 "Earnings Per Share", antidilutive contracts, such as purchased call options, are excluded from the computation of diluted net income (loss) per share. Accordingly, any potential impact resulting from the capped call transaction is excluded from the Company's computation of diluted net income (loss) per share.