Basic net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding during each period. The Convertible and Redeemable Series A-2 Preferred Stock was considered a participating security during the prior year periods. Net losses were not allocated to the Convertible and Redeemable Series A-2 stockholders, as they were not contractually obligated to share in the Company’s losses.

Diluted net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common and dilutive common equivalent shares outstanding for the period using the treasury-stock method or the if-converted method. Potentially dilutive shares are comprised of awards of restricted stock (RSAs), restricted stock units (RSUs), and shares of common stock underlying stock options outstanding under the Company's stock incentive plans, as applicable. During the six months ended June 30, 2026 and 2025 there was no difference in the number of shares used to calculate basic and diluted shares outstanding during the applicable period due to the Company’s net loss attributable to common stockholders and potentially dilutive shares being anti-dilutive.

The following table summarizes the computation of basic and diluted net income (loss) per share attributable to common stockholders of the Company:


	Three Months Ended June 30,					Six Months Ended June 30,
	2026		2025			2026			2025
Net income (loss)	$	1,366	$	18,356		$	(11,324	)	$	(1,003	)
Convertible and Redeemable Series A-2 Preferred Stock dividend		—		(1,400	)		—			(4,150	)
Net income (loss) attributable to common stockholders		1,366		16,956			(11,324	)		(5,153	)
Weighted average common shares outstanding
Weighted average common shares outstanding - basic		35,806		35,206			35,926			34,855
Effect of dilutive stock options		240		1,103			—			—
Effect of dilutive restricted stock		2,668		3,259			—			—
Effect of dilutive Series A-2 Preferred Stock		—		3,887			—			—
Diluted		38,714		43,455			35,926			34,855
Net income (loss) per share attributable to common stockholders
Basic	$	0.04	$	0.48		$	(0.32	)	$	(0.15	)
Diluted	$	0.04	$	0.42		$	(0.32	)	$	(0.15	)

The following common stock equivalents were excluded from the calculation of diluted net loss per share attributable to common stockholders for the six months ended June 30, 2026 and 2025 because their effect would have been anti-dilutive:


	June 30,
	2026(1)		2025(1)
Stock options		2,265,858		3,504,440
Restricted stock		2,667,617		3,259,117
Series A-2 Preferred Stock		—		5,353,478

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(1) Includes 1,890,677 and 2,307,646 common stock equivalents that are out of the money as of June 30, 2026 and June 30, 2025, respectively.