The following table sets forth the computation of basic and diluted net income (loss) per common share for the periods indicated (in thousands, except for common share and per common share data):


	THREE MONTHS ENDED JUNE 30,					SIX MONTHS ENDED JUNE 30,
	2026		2025			2026		2025
Numerator:
Net income (loss)	$	2,745	$	(7,226	)	$	4,462	$	(14,913	)
Denominator:
Weighted-average common shares outstanding, basic		95,983,246		69,526,574			95,983,240		69,524,980
Shares issuable upon exercise or vesting of dilutive stock options, RSAs or RSUs		56,180		—			28,095		—
Weighted-average common shares outstanding, diluted		96,039,426		69,526,574			96,011,335		69,524,980
Net income (loss) per share attributable to common stockholders:
Basic	$	0.03	$	(0.10	)	$	0.05	$	(0.21	)
Diluted	$	0.03	$	(0.10	)	$	0.05	$	(0.21	)

For the three and six months ended June 30, 2026, stock options, RSUs and common shares available for issuance under the ESPP, representing 4.6 million potentially dilutive securities were outstanding, but were excluded from the calculation of diluted net income per common share because including them would have had an anti-dilutive effect.

For the three and six months ended June 30, 2025, Incentive Units, representing 12.3 million potentially dilutive securities were outstanding, but were excluded from the calculation of diluted net loss per common share because including them would have had an anti-dilutive effect.

For the purposes of determining the basic and diluted weighted-average number of common shares outstanding for the three and six months ended June 30, 2025, the Company retrospectively reflected the Equity Reorganization that occurred (See Note 1) in connection with the IPO. As such, the basic and diluted weighted average number of common shares outstanding for those periods reflect the contribution by the Company of shares of Common Stock to Holdings LLC on a 1 share of Common Stock to 9 units of Holdings LLC ratio, assuming that all such shares of Common Stock were issued and outstanding as of the beginning of the earliest period presented.