| Schedule of Basic and Diluted Net Income Per Share |
Basic and diluted net income per share of common stock were calculated as follows: | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands, except share and per share amounts) | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator | | | | | | | | | Income available to common stockholders (basic and diluted) | $ | 65,134 | | | $ | 32,896 | | | $ | 190,719 | | | $ | 81,159 | | | | | | | | | | | Denominator | | | | | | | | | Weighted-average number of common shares outstanding | 197,236,360 | | | 171,423,210 | | | 197,889,627 | | | 141,675,376 | | | Weighted-average number of warrants outstanding | — | | | — | | | — | | | 29,878,171 | | | Basic — weighted average number of shares outstanding | 197,236,360 | | | 171,423,210 | | | 197,889,627 | | | 171,553,547 | | | | | | | | | | | Effect of dilutive securities - time-vested options | 2,075,628 | | | 3,526,747 | | | 2,300,428 | | | 3,904,653 | | | Effect of dilutive securities - performance-based options | 2,465,772 | | | — | | | 2,629,825 | | | — | | | Effect of dilutive securities - RSUs, PSUs, and ESPP | 169,274 | | | — | | | 105,425 | | | — | | | Diluted — weighted average number of shares outstanding | 201,947,034 | | | 174,949,957 | | | 202,925,305 | | | 175,458,200 | | | | | | | | | | | Earnings per share | | | | | | | | | Basic | $ | 0.33 | | | $ | 0.19 | | | $ | 0.96 | | | $ | 0.47 | | | Diluted | $ | 0.32 | | | $ | 0.19 | | | $ | 0.94 | | | $ | 0.46 | |
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