v3.26.3
Net Loss Per Common Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Common Share Net Income (Loss) Per Common Share
Basic and diluted net income (loss) per common share are determined by dividing net income (loss) applicable to common stockholders by the weighted average common shares outstanding during the period. For periods in which the Company was in a net loss, the shares issuable upon conversion, exercise or vesting of Convertible Notes, warrants, stock option awards and RSUs have been excluded from the calculation because their effects would be anti-dilutive. Therefore, the weighted average common shares outstanding used to calculate both basic and diluted net loss per common share are the same.
A reconciliation of the numerator and denominator used in the calculation of basic and diluted net income (loss) per share is as follows (in thousands):
Three months ended September 30,Nine Months Ended September 30,
2026202520262025
Numerator (basic and diluted):
Net income (loss)$11,290 $621 $(17,577)$(10,527)
Denominator:
Weighted-average shares outstanding for basic net income (loss) per share180,941,748 163,649,932 174,800,967 158,559,467 
Effect of dilutive securities:
RSUs5,675,998 9,829,642 — — 
Stock Options1,746,477 2,041,961 — — 
Warrants79,307 2,095,772 — — 
Convertible Notes1,480,502 — — — 
Weighted-average shares outstanding for diluted net income (loss) per share189,924,032 177,617,307 174,800,967 158,559,467 
The following potentially dilutive securities were excluded from the computation of diluted weighted average common shares outstanding due to their anti-dilutive effect:
Three months ended September 30,Nine Months Ended September 30,
2026202520262025
Shares to be issued upon conversion of Convertible Notes— 10,971,895 — 10,971,895
RSUs— — 9,245,814 13,776,105 
Stock Options— — 6,925,293 5,765,600 
Warrants— — 125,999 2,664,470 
Total anti-dilutive securities excluded from EPS computation— 10,971,895 16,297,106 33,178,070