The Company’s basic net loss per share for the three and six months ended June 30, 2026 and 2025, was computed by dividing net loss attributable to common stockholders by the weighted-average shares of common stock outstanding.

Diluted net loss per share adjusts basic net loss per share to give effect to all potential common shares that were dilutive and outstanding during the period. The treasury stock method was used to assess our warrants and share-based payment awards, while the if-converted method was used to assess our shares of redeemable preferred stock.

Certain amounts related to our European businesses that had previously been classified as held for sale as of December 31, 2024 were reclassified to held and used during the year ended December 31, 2025 as it was determined that certain assets were no longer available for immediate sale or would be disposed of by means other than a sale and thus no longer met the criteria for classification as held for sale. Refer to Note 1 – Summary of Significant Accounting Policies for further details.


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Numerator:
Net loss from continuing operations	$	(36,927)	$	(31,184)	$	(33,025)	$	(37,445)
Net loss from discontinued operations, net of tax	(6,609)		(725)		(30,930)		(10,703)
Net loss	$	(43,536)	$	(31,909)	$	(63,955)	$	(48,148)

Preferred stock dividends and accretion	(990)		(891)		(1,980)		(1,782)


Net loss attributable to common stockholders	$	(44,526)	$	(32,800)	$	(65,935)	$	(49,930)
Denominator:
Weighted average shares of common stock outstanding - basic	280,129		155,938		279,282		155,936
Effect of dilutive securities	—		—		—		—
Weighted average ordinary shares outstanding - diluted	280,129		155,938		279,282		155,936
Net loss per share attributable to common stockholders:
Net loss per share from continuing operations - basic and diluted	$	(0.14)	$	(0.21)	$	(0.13)	$	(0.25)
Net loss per share from discontinued operations, net of tax - basic and diluted	(0.02)		—		(0.11)		(0.07)
Net loss per share - basic and diluted	$	(0.16)	$	(0.21)	$	(0.24)	$	(0.32)

The outstanding securities that could potentially dilute basic net loss per share in the future that were not included in the computation of diluted net loss per share as the impact would be anti-dilutive are as follows (in thousands):


	Three months ended June 30,		Six months ended June 30,
	2026	2025	2026	2025
Redeemable preferred stock (on an as converted basis)	37,157	20,629	37,157	20,629
5.25% Convertible Notes due 2030	23,232	—	23,232	—
4.00% Convertible Notes due 2031	27,043	—	27,043	—
Convertible note - related party	—	12,521	—	12,521
Share purchase agreement	—	14,050	—	14,050
Public Warrants	16,331	14,675	16,331	14,675
Private Warrants	8,294	9,950	8,294	9,950
EDGE warrants	—	687	—	687
Options	4,792	8,459	4,792	8,459
RSUs	9,277	6,622	9,277	6,622
Total	126,126	87,593	126,126	87,593