v3.26.3
Net Earnings (loss) per Share (Tables)
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Reconciliation of the Numerator and Denominator used in Computing Basic and Diluted Net Loss Per Share

For the periods presented, the following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net earnings (loss) per share (in thousands, except per share amounts):

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

4,677

 

 

$

(12,810

)

 

$

(8,364

)

 

$

(9,708

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

30,617

 

 

 

29,338

 

 

 

30,463

 

 

 

28,995

 

Dilutive effect of:

 

 

 

 

 

 

 

 

 

 

 

 

Stock plans

 

 

878

 

 

 

—

 

 

 

—

 

 

 

—

 

Convertible notes

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average common shares outstanding, diluted

 

 

31,495

 

 

 

29,338

 

 

 

30,463

 

 

 

28,995

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share — basic

 

$

0.15

 

 

$

(0.44

)

 

$

(0.27

)

 

$

(0.33

)

Net income (loss) per share — diluted

 

$

0.15

 

 

$

(0.44

)

 

$

(0.27

)

 

$

(0.33

)

Computation of Diluted Net Loss Per Share Effect in Antidilutive

The following table presents the outstanding shares of our common stock equivalents excluded from the computation of diluted net earnings (loss) per share as of the dates presented because their effect would have been antidilutive (in thousands):

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Stock options

 

—

 

 

 

472

 

 

 

372

 

 

 

472

 

RSUs, MSUs and PSUs

 

36

 

 

 

1,056

 

 

 

1,127

 

 

 

1,056

 

Employee stock purchase plan shares

 

20

 

 

 

18

 

 

 

20

 

 

 

18

 

2021 Notes

 

9

 

 

 

878

 

 

 

9

 

 

 

878

 

2025 Notes

 

711

 

 

 

711

 

 

 

711

 

 

 

711