Three months ended September 30,

Nine months ended September 30,

 

2026

 

2025

 

2026

 

2025

Numerator

Net income (loss)

$

1,166,151

$

(40,666)

$

1,059,811

$

(117,579)

Denominator

Weighted-average shares outstanding used in basic earnings (loss) per share

108,870,331

105,492,779

107,892,028

101,892,400

Effect of dilutive options to purchase common stock

11,388,221

11,023,783

Effect of dilutive restricted stock units

615,533

—

728,055

—

Weighted-average shares outstanding used in diluted earnings (loss) per share

120,874,085

105,492,779

119,643,866

101,892,400

Basic earnings (loss) per share

$

10.71

$

(0.39)

$

9.82

$

(1.15)

Diluted earnings (loss) per share

$

9.65

$

(0.39)

$

8.86

$

(1.15)