v3.26.3
Net Loss (Income) Per Share of Class A Common Stock (Tables)
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted The following table includes the calculation of basic and diluted earnings (loss) per share:
Three Months Ended September 30,
Nine Months Ended September 30,
2026
2025
2026
2025
(in thousands except per share information)
Earnings (loss) available to common stockholders - basic
$
18,515 
$
(15,340)
$
(31,982)
$
(69,392)
Gain on change in fair value of warrants
(14,383)
— 
— 
— 
Earnings (loss) available to common stockholders - diluted
$
4,132 
$
(15,340)
$
(31,982)
$
(69,392)
Shares used in the computation of basic earnings (loss) per share
40,735 
35,194 
38,454 
32,843 
Effect of dilutive securities on potential common shares:
Private placement warrants (exercisable for Class A common stock) treated as liability
398 
— 
— 
— 
Restricted stock units
1,160 
— 
— 
— 
Stock options and ESPP Shares
775 
— 
— 
— 
Common stock warrants (exercisable for Class A common stock) treated as equity
213 
— 
— 
— 
Shares used in the computation of diluted earnings (loss) per share
43,281 
35,194 
38,454 
32,843 
Basic earnings (loss) per share
$
0.45 
$
(0.44)
$
(0.83)
$
(2.11)
Diluted earnings (loss) per share
$
0.10 
$
(0.44)
$
(0.83)
$
(2.11)
Schedule of Potentially Dilutive Securities
The potentially dilutive securities listed below were not included in the calculation of diluted weighted average common shares outstanding because their effect would have been anti-dilutive during the three and nine months ended September 30, 2026 and 2025.
Three Months Ended September 30,
Nine Months Ended September 30,
2026 (1)
2025
2026
2025
(in thousands)
Convertible Senior Notes
6,539 
6,539 
6,539 
6,539 
Restricted stock units outstanding
37 
2,808 
2,837 
2,808 
Private placement warrants (exercisable for Class A common stock) treated as liability
— 
2,480 
1,433 
2,480 
Stock options and ESPP shares
— 
1,853 
1,674 
1,853 
Sponsor Shares
296 
296 
296 
296 
Common stock warrants (exercisable for Class A common stock) treated as equity
— 
221 
221 
221 
Public warrants (exercisable for Class A common stock) treated as liability
— 
1,977 
— 
1,977 
(1) For the three months ended September 30, 2026, the Convertible Senior Notes were excluded from the calculation of diluted earnings per share because the addition of interest expense to the numerator, relative to the addition of shares to the denominator, would have been anti-dilutive. The restricted stock units and Sponsor Shares were considered to be anti-dilutive because the repurchase of buy-back shares results in fewer potential common shares outstanding.