Earnings (loss) per share (Tables)

The computation of earnings (loss) per share attributable to common stockholders is as follows (in thousands, except per share amounts):


Table 18.1. Earnings (loss) per share
	Three months ended September 30,				Nine months ended September 30,
	2026		2025		2026		2025
Net income (loss) from continuing operations	$	226,012	$	214,385	$	329,472	$	(202,924)
Less: Net loss attributable to noncontrolling interests	(12)		—		(26)		—
Net income (loss) attributable to common stockholders	$	226,024	$	214,385	$	329,498	$	(202,924)





Net income (loss) available to common stockholders - basic	$	226,024	$	214,385	$	329,498	$	(202,924)


Less: Changes in fair value of convertible debt	—		(44,788)		—		—


Net income (loss) available to common stockholders - diluted	$	226,024	$	169,597	$	329,498	$	(202,924)

Weighted-average common shares – basic	253,070		229,895		248,463		132,422
Add: Weighted-average effect of dilutive securities	14,706		36,787		19,692		—
Weighted-average common shares – diluted	267,776		266,682		268,155		132,422

Earnings (loss) per common share attributable to common stockholders:


Basic	$	0.89	$	0.93	$	1.33	$	(1.53)




Diluted	$	0.84	$	0.64	$	1.23	$	(1.53)

The outstanding securities that were excluded from the computation of diluted earnings (loss) per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows (in thousands):


Table 18.2. Potentially Dilutive Securities
	Three months ended September 30,		Nine months ended September 30,
	2026	2025	2026	2025

Stock options and RSUs	1,934	104	664	35,413
ESPP	16	—	6	—
Common stock in connection with business combinations	—	—	—	1,800
Convertible debt, net of debt discount	—	—	—	1,125
Warrants	—	—	—	1,248
Total	1,950	104	670	39,586