| Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth a reconciliation of the numerator and denominator used to compute basic and diluted earnings per share of common stock (in thousands, except for share and per share data).
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For the Three Months Ended |
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For the Nine Months Ended |
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September 30, |
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September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator |
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Net income (loss) |
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$ |
30,231 |
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$ |
(1,971 |
) |
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$ |
66,435 |
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$ |
(6,432 |
) |
Accretion of redeemable non-controlling interest |
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— |
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— |
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— |
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(1,276 |
) |
Net income (loss) attributable to common stockholders |
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$ |
30,231 |
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$ |
(1,971 |
) |
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$ |
66,435 |
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$ |
(7,708 |
) |
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Denominator |
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Weighted average shares of common stock—basic and diluted |
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575,679,641 |
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631,440,015 |
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578,837,408 |
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635,263,670 |
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Dilutive effect of stock-based awards |
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17,751,347 |
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— |
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16,453,813 |
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— |
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Weighted average shares of common stock—diluted |
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593,430,988 |
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631,440,015 |
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595,291,220 |
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635,263,670 |
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Net income (loss) per share: |
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Basic |
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$ |
0.05 |
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$ |
(0.00 |
) |
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$ |
0.11 |
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$ |
(0.01 |
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Diluted |
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$ |
0.05 |
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$ |
(0.00 |
) |
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$ |
0.11 |
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$ |
(0.01 |
) |
10,044,406
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