v3.26.1
Net (Loss) Income per Share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of basic and diluted net loss per share
Basic and diluted net (loss) income per share is calculated as follows (net (loss) income in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Net (loss) income$(176,941)$2,144 $(198,638)$(19,584)
Basic weighted-average shares outstanding237,054,708 232,945,048 237,429,647 232,490,122 
Dilutive effect of RSAs, stock options and unexercised warrants— 3,894,069 — — 
Dilutive weighted-average shares outstanding237,054,708 236,839,117 237,429,647 232,490,122 
Net (loss) income per share - diluted$(0.75)$0.01 $(0.84)$(0.08)
Net (loss) income per share - basic$(0.75)$0.01 $(0.84)$(0.08)
Schedule of anti-dilutive securities
For the three and six months ended June 30, 2026 and 2025, potentially dilutive securities excluded from the calculation of diluted weighted average shares outstanding because they were anti-dilutive are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Warrants— — — 2,387 
Stock options2,800,961 — 3,168,789 1,530,010 
Unvested restricted stock awards3,614,565 — 3,887,983 3,726,353 
Total6,415,526 — 7,056,772 5,258,750