| Net Income (Loss) Per Share |
Net Income (Loss) Per Share Net income (loss) per share (“EPS”) consists of the following (in thousands, except share and per share information): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator | | | | | | | | | Net income (loss) | $ | 7,669 | | | $ | 6,436 | | | $ | 23,151 | | | $ | (40,903) | | Numerator for basic and dilutive EPS | $ | 7,669 | | | $ | 6,436 | | | $ | 23,151 | | | $ | (40,903) | | | | | | | | | | | Denominator | | | | | | | | Denominator for basic EPS – weighted average shares(1) | 74,774,900 | | 73,687,528 | | 74,199,937 | | 43,173,757 | | Effect of dilutive securities: | | | | | | | | | Stock options and restricted stock units | 5,295,605 | | 6,950,958 | | 5,010,639 | | — | | Warrants | — | | 98,702 | | — | | — | | Denominator for diluted EPS – adjusted weighted average shares and assumed conversions | 80,070,505 | | 80,737,188 | | 79,210,576 | | 43,173,757 | | Basic EPS | $ | 0.10 | | | $ | 0.09 | | | $ | 0.31 | | | $ | (0.95) | | | Diluted EPS | $ | 0.10 | | | $ | 0.08 | | | $ | 0.29 | | | $ | (0.95) | | | | | | | | | | | Anti-Dilutive Securities excluded from the calculation of EPS | | | | | | | | | Stock options and restricted stock units | 5,268,004 | | 803,079 | | 7,108,367 | | 7,154,276 | | | | | | | | | | Warrants | — | | — | | — | | 387,934 | | | | | | | | | | Total potentially dilutive shares | 5,268,004 | | 803,079 | | 7,108,367 | | 7,542,210 |
(1) Weighted average shares combine the Company’s common stock, Class A common stock, and Class B common stock. See Note 10, Capitalization, for discussion of the establishment of the Company’s two classes of common stock and the conversion of its common stock into Class A common stock in connection with the Company’s IPO.
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