Three Months Ended June 30,

Six Months Ended June 30,

2026

 

2025

X

2026

 

2025

(In thousands, except per share amounts)

Net loss

$

(72,449)

$

(23,181)

$

(95,496)

$

(76,879)

Net loss attributable to redeemable noncontrolling interests

13,381

3,940

17,731

11,918

Net income attributable to noncontrolling interests

(87)

—

(87)

—

Net loss attributable to common shareholders

(59,155)

(19,241)

(77,852)

(64,961)

Distributions to participating securities

(638)

(454)

(638)

(454)

Net loss available to common shareholders - basic and diluted

$

(59,793)

$

(19,695)

$

(78,490)

$

(65,415)

Weighted average number of common shares outstanding - basic and diluted

58,284

68,287

58,676

74,867

Loss per common share - basic and diluted

$

(1.03)

$

(0.29)

$

(1.34)

$

(0.87)