The following table presents a reconciliation of the numerator and denominator of basic and diluted loss per share for the three and nine months ended September 30, 2026 and 2025, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | | | | | (Dollars in thousands, except per share amounts) | 2026 | | 2025 | | 2026 | | 2025 | | | | | | Numerator for basic and diluted loss per share: | | | | | | | | | | | | | Net loss | $ | (46,768) | | | $ | (28,482) | | | $ | (130,516) | | | $ | (154,719) | | | | | | | Denominator: | | | | | | | | | | | | | Weighted average common shares outstanding for basic calculation | 26,514,073 | | | 25,933,254 | | | 26,287,719 | | | 25,896,520 | | | | | | | | | | | | | | | | | | | Weighted average common shares outstanding for diluted calculation | 26,514,073 | | | 25,933,254 | | | 26,287,719 | | | 25,896,520 | | | | | | | Basic loss per share | $ | (1.76) | | | $ | (1.10) | | | $ | (4.96) | | | $ | (5.97) | | | | | | | Diluted loss per share | $ | (1.76) | | | $ | (1.10) | | | $ | (4.96) | | | $ | (5.97) | | | | | |
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