Basic net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding during each period. The Convertible and Redeemable Series A-2 Preferred Stock was considered a participating security during the prior year periods. Net losses were not allocated to the Convertible and Redeemable Series A-2 stockholders, as they were not contractually obligated to share in the Company’s losses.

Diluted net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common and potentially dilutive common equivalent shares outstanding for the period using the treasury-stock method or the if-converted method. Potentially dilutive shares are comprised of awards of restricted stock (RSAs), restricted stock units (RSUs), and shares of common stock underlying stock options outstanding under the Company's stock incentive plans, as applicable. During the nine months ended September 30, 2026 there was no difference in the number of shares used to calculate basic and diluted shares outstanding due to the Company’s net loss attributable to common stockholders and potentially dilutive shares being anti-dilutive.

The following table summarizes the computation of basic and diluted net income (loss) per share attributable to common stockholders of the Company:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026			2025
Net income (loss)	$	8,986	$	8,378	$	(2,338	)	$	7,375
Convertible and Redeemable Series A-2 Preferred Stock dividend		—		—		—			(4,150	)
Net income (loss) attributable to common stockholders		8,986		8,378		(2,338	)		3,225
Weighted average common shares outstanding
Weighted average common shares outstanding - basic		35,132		35,300		35,661			35,003
Effect of dilutive stock options		237		1,390		—			1,243
Effect of dilutive restricted stock		2,664		3,245		—			3,301
Diluted		38,033		39,935		35,661			39,547
Net income (loss) per share attributable to common stockholders
Basic	$	0.26	$	0.24	$	(0.07	)	$	0.09
Diluted	$	0.24	$	0.21	$	(0.07	)	$	0.08

The following common stock equivalents were excluded from the calculation of diluted net income (loss) per share attributable to common stockholders for the nine months ended September 30, 2026 and 2025 because their effect would have been anti-dilutive:


	September 30,
	2026(1)		2025(1)
Stock options		2,255,071		—
Restricted stock		2,663,722		—
Series A-2 Preferred Stock		—		5,353,478

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(1) Includes 1,920,116 and 2,950,220 common stock equivalents that are out of the money as of September 30, 2026 and September 30, 2025, respectively.