v3.26.3
Net (Loss) Income per Share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net (Loss) Income per Share

8. Net (Loss) Income per Share

Basic and diluted net (loss) income per share attributable to common stockholders was calculated as follows (in thousands, except share and per share data):

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

$

(16,286

)

 

$

8,204

 

 

$

(31,618

)

 

$

21,031

 

(Loss) income attributable to common stockholders - basic

$

(16,286

)

 

$

8,204

 

 

$

(31,618

)

 

$

21,031

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding - basic

 

9,982,031

 

 

 

8,758,692

 

 

 

9,764,763

 

 

 

8,735,418

 

Net (loss) income per share attributable to common stockholders - basic

$

(1.63

)

 

$

0.94

 

 

$

(3.24

)

 

$

2.41

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

$

(16,286

)

 

$

8,204

 

 

$

(31,618

)

 

$

21,031

 

(Loss) income attributable to common stockholders - diluted

$

(16,286

)

 

$

8,204

 

 

$

(31,618

)

 

$

21,031

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding - basic

 

9,982,031

 

 

 

8,758,692

 

 

 

9,764,763

 

 

 

8,735,418

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive impact from:

 

 

 

 

 

 

 

 

 

 

 

Stock options to purchase common stock

 

—

 

 

 

2,139

 

 

 

—

 

 

 

—

 

Unvested restricted stock units

 

—

 

 

 

8,990

 

 

 

—

 

 

 

9,377

 

Shares issuable under employee stock purchase plan

 

—

 

 

 

1,698

 

 

 

—

 

 

 

2

 

Weighted-average shares outstanding - diluted

 

9,982,031

 

 

 

8,771,519

 

 

 

9,764,763

 

 

 

8,744,797

 

Net (loss) income per share applicable to common stockholders - diluted

$

(1.63

)

 

$

0.94

 

 

$

(3.24

)

 

$

2.40

 

Anti-dilutive potential common stock equivalents excluded from the calculation of net (loss) income per share:

 

 

 

 

 

 

 

 

 

 

 

Stock options to purchase common stock

 

1,710,320

 

 

 

1,188,732

 

 

 

1,710,320

 

 

 

1,188,732

 

Unvested restricted stock units

 

10,706

 

 

 

100,824

 

 

 

10,706

 

 

 

100,824

 

Shares issuable under employee stock purchase plan

 

1,851

 

 

 

1,256

 

 

 

623

 

 

 

423

 

Warrants to purchase common stock

 

32,379

 

 

 

32,379

 

 

 

32,379

 

 

 

32,379

 

 

The Company’s potential dilutive securities include stock options, unvested restricted common stock and shares issuable under the 2015 Employee Stock Purchase Plan. The effect of dilutive securities was calculated using the treasury stock method. The anti-dilutive potential common stock equivalents for the three and nine months ended September 30, 2026 were excluded from the computation of diluted net loss per share attributable to common stockholders because those stock options to purchase common stock, restricted stock units, and shares issuable under employee stock purchase plan had an anti-dilutive impact as the Company reported a net loss from continuing operations attributable to common stockholders for those periods. The anti-dilutive potential common stock equivalents for the three and the nine months ended September 30, 2025 were excluded from the computation of diluted net income per share attributable to common stockholders because those stock options to purchase common stock and restricted stock units had an anti-dilutive impact due to the assumed proceeds per share using the treasury stock method being greater than the average fair value of the Company’s common shares for those periods. For that same period, the warrants to purchase common stock were excluded because the exercise price of the warrants is greater than the average fair value of the Company’s common shares.