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,
	2026		2025		2026		2025
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 share	180,941,748		163,649,932		174,800,967		158,559,467
Effect of dilutive securities:
RSUs	5,675,998		9,829,642		—		—
Stock Options	1,746,477		2,041,961		—		—
Warrants	79,307		2,095,772		—		—
Convertible Notes	1,480,502		—		—		—
Weighted-average shares outstanding for diluted net income (loss) per share	189,924,032		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,
	2026	2025	2026	2025
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