| Earnings (Loss) Per Share |
Note 10 - Earnings (Loss) Per Share The following tables set forth the computation of basic and diluted net income (loss) per share of common stock: | | | | | | | | | | | | | | Three Months Ended September 30, | | (in millions, except shares and per share amounts) | 2026 | | 2025 | | | Basic net income per share attributable to common stockholders | | | | | | Numerator: | | | | | | Net income | $ | 2.2 | | | $ | 38.7 | | | | Denominator: | | | | | | Weighted average number of shares of common stock outstanding | 291,557,934 | | | 316,966,947 | | | | Basic net income per share attributable to common stockholders | $ | 0.01 | | | $ | 0.12 | | | | | | | | | Diluted net income per share attributable to common stockholders | | | | | | Numerator: | | | | | | Net income | $ | 2.2 | | | $ | 38.7 | | | | Denominator: | | | | | | Number of shares used in basic computation | 291,557,934 | | | 316,966,947 | | | | Add: weighted-average effect of dilutive securities exchangeable for common stock: | | | | | | | | | | | | | | | | | | | | | Liability-classified awards | 1,348,862 | | | — | | | | | | | | | | | | | | Weighted average shares of common stock outstanding used to calculate diluted net income per share | 292,906,796 | | | 316,966,947 | | | | Diluted net income per share attributable to common stockholders | $ | 0.01 | | | $ | 0.12 | | |
| | | | | | | | | | | | | Nine Months Ended September 30, | (in millions, except shares and per share amounts) | 2026 | | 2025 | | Basic net income (loss) per share attributable to common stockholders | | | | | Numerator: | | | | | Net income (loss) | $ | (612.2) | | | $ | 89.5 | | | Denominator: | | | | | Weighted average number of shares of common stock outstanding | 296,170,958 | | | 328,317,197 | | | Basic net income (loss) per share attributable to common stockholders | $ | (2.07) | | | $ | 0.27 | | | | | | | Diluted net income (loss) per share attributable to common stockholders | | | | | Numerator: | | | | | Net income (loss) | $ | (612.2) | | | $ | 89.5 | | | Denominator: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted average shares of common stock outstanding used to calculate diluted net income (loss) per share | 296,170,958 | | | 328,317,197 | | | Diluted net income (loss) per share attributable to common stockholders | $ | (2.07) | | | $ | 0.27 | |
In periods of loss, the number of shares used to calculate diluted net loss per share is the same as basic net loss per share. Potentially dilutive securities excluded due to their anti-dilutive effect were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | Restricted stock units | 27,069,483 | | | 16,409,811 | | | 21,190,922 | | | 15,776,487 | | | ESPP Shares | 1,294,100 | | | — | | | 1,294,100 | | | — | | | CEO Premium-Priced Performance Option | 9,678,000 | | | — | | | 9,678,000 | | | — | | | Liability-classified awards | — | | | — | | | 1,348,862 | | | — | | | Exercise of common stock options | 163,660 | | | 186,026 | | | 179,660 | | | 225,899 | | | Total anti-dilutive securities | 38,205,243 | | | 16,595,837 | | | 33,691,544 | | | 16,002,386 | |
Unless otherwise described in this Form 10-Q, for a description of the terms and conditions of these securities, refer to Note 13 – Equity-Based Compensation in our 2025 Form 10-K.
|