v3.26.1
NET INCOME (LOSS) PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the calculation of basic and diluted net income per common share for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Numerator:
Net income attributable to FTS
$87,446 $29,942 $132,391 $29,122 
Less: Undistributed earnings attributable to convertible preferred stockholders
— (22,506)— (26,064)
Net income attributable to common stockholders, basic and diluted
$87,446 $7,436 $132,391 $3,058 
Denominator:
Basic weighted average common shares attributable to FTS
221,514,237 69,718,087 219,395,921 69,558,368 
Add: effect of dilutive securities related to share-based payment awards (A)
25,455,712 18,053,806 28,530,400 17,205,202 
Diluted weighted average common shares attributable to FTS
246,969,949 87,771,893 247,926,321 86,763,570 
Net income per common share attributable to FTS, basic
$0.39 $0.11 $0.60 $0.04 
Net income per common share attributable to FTS, diluted
$0.35 $0.08 $0.53 $0.04 
(A) The dilutive impact of share-based payment awards and warrants for the three months ended June 30, 2026 and 2025 comprised of 21,891,686 and 16,626,395 shares related to stock options, zero and 1,427,411 shares related to warrants and 3,564,026 and zero related to unvested RSUs, respectively. The dilutive impact of share-based payment awards and warrants for the six months ended June 30, 2026 and 2025 comprised of 23,853,506 and 15,902,257 shares related to stock options, zero and 1,302,945 shares related to warrants, and 4,676,894 and zero related to unvested RSUs, respectively. For the three and six months ended June 30, 2026, 3,205,942 and 1,602,971 shares, respectively, related to unvested options were excluded from the dilutive impact as those shares would have been anti-dilutive to the share count as of June 30, 2026. For the three and six months ended June 30, 2025, 3,110,889 and 2,950,318 shares, respectively, related to unvested RSUs were excluded from the dilutive impact as the issuance of those shares was contingent upon the satisfaction of a liquidity condition which was not satisfied as of the end of those periods.