v3.26.1
NET INCOME (LOSS) PER COMMON SHARE (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Earnings Per Share [Abstract]    
Summary of Basic and Diluted Loss Per Common Share
Basic and diluted net loss per common share for the three and six months ended June 30, 2026 and 2025 was calculated as follows:
 
 
  
FOR THE THREE MONTHS ENDED
JUNE 30,
 
 
FOR THE SIX MONTHS ENDED
JUNE 30,
 
(in thousands except share and per share amounts)
  
2026
 
  
2025
 
 
2026
 
  
2025
 
Net income (loss)
  
$
43,665
  
$
(9,703
 
$
35,387
  
$
(19,142
Weighted-average number of common shares outstanding, basic
  
 
5,699,111
 
  
 
5,605,116
 
 
 
5,693,877
 
  
 
5,600,987
 
Effect of potentially dilutive securities:
  
  
 
  
Stock options
  
 
82,654
 
  
 
 
41,298
 
  
Restricted stock units
  
 
16,148
 
  
 
 
13,957
 
  
Weighted-average number of common shares outstanding, diluted
  
 
5,797,913
 
  
 
 
5,749,133
 
  
Net income (loss) per common share, basic
  
$
7.66
  
$
(1.73
 
$
6.21
  
$
(3.42
Net income per common share, diluted
  
$
7.53
  
 
$
6.16
  
Basic and diluted loss per common share were calculated as follows:
 
    
FOR THE YEAR ENDED
DECEMBER 31,
 
(in thousands except share and per share amounts)
  
2025
   
2024
 
Net loss
   $ (8,978   $ (57,775
Weighted-average number of common shares outstanding, basic and diluted
     5,629,370       5,443,332  
  
 
 
   
 
 
 
Net loss per common share, basic and diluted
   $ (1.59   $ (10.61