NET INCOME (LOSS) PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Earnings Per Share, Basic and Diluted

The computation of basic and diluted net loss per common share was as follows (dollars in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026(1)		2025(1)		2026(1)		2025(1)
Numerator:
Net loss - basic	$	(1,164,576)	$	(437,976)	$	(1,128,802)	$	(435,369)

Net loss - diluted	$	(1,164,576)	$	(437,976)	$	(1,128,802)	$	(435,369)

Denominator:
Weighted average common shares outstanding - basic	5,698,814		5,636,683		5,692,392		5,635,255


Weighted average common shares outstanding - diluted	5,698,814		5,636,683		5,692,392		5,635,255

Net Loss per Common Share:
Basic	$	(204.35)	$	(77.70)	$	(198.30)	$	(77.26)
Diluted	$	(204.35)	$	(77.70)	$	(198.30)	$	(77.26)

Supplemental Disclosure:
Anti-dilutive shares from equity-based compensation awards(2)	162,828		126,361		162,828		126,361

(1)Because the Company incurred net losses during the periods presented, diluted loss per common share equals basic net loss per common share for each period.

(2)Represents equity-based compensation awards whose impact is considered to be anti-dilutive under the treasury stock method.