v3.26.1
Net Income (Loss) per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) per Share

12. Net Income (Loss) per Share

 

Basic income/loss per share (“EPS”) is computed by dividing net income/loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential shares of common stock outstanding during the period, including stock options and RSUs, unless the inclusion would be anti-dilutive.

 

The computation of diluted EPS excludes the common stock equivalents of the following potentially dilutive securities because they were either contingently issuable shares or because their inclusion would be anti-dilutive:

 

   2026   2025   2026   2025 
  

Three Months Ended

June 30,

  

Six Months Ended

June 30,

 
   2026   2025   2026   2025 
RSUs   608,609    1,365,058    1,630,176    1,365,058 

 

The following table reconciles the numerators and denominators of the basic and diluted EPS computations for the three months ended June 30, 2026.

 

  

Income

(Numerator)

(in millions)

  

Shares

(Denominator)

  

Per-Share

Amount

 
Basic EPS               
Income available to common stockholders  $0.2    28,908,945   $0.01 
Effect of Dilutive Securities               
RSUs   —    367,739   $— 
Diluted EPS               
Income available to common stockholders  $0.2    29,276,684   $0.01 

 

There were no reconciling items for the six months ended June 30, 2026, or the three and six months ended June 30, 2025.

 

The calculation of Basic EPS includes the effects of 2,313,875 and 2,166,752 shares for the three and six months ended June 30, 2026 and 2025, respectively, with respect to RSU awards that have vested but have not yet been issued.