We computed basic Net income (loss) attributable to common shareholders per share by dividing Net income (loss) attributable to common shareholders by the weighted-average number of common shares outstanding during the relevant period. Net income (loss) attributable to common shareholders is calculated by deducting preferred stock dividends from Net income (loss). Diluted Net income (loss) attributable to common shareholders per share is calculated by dividing Net income (loss) attributable to common shareholders by the weighted average of common shares outstanding during the

relevant period plus the effect of dilutive shares using the treasury stock method, which excludes shares that would have an antidilutive effect, for share-based awards and warrants and the if-converted method for the effect of shares issuable under our convertible debt instruments. In periods where we report net loss, diluted net loss attributable to common shareholders per share is the same as basic net loss attributable to common shareholders per share because the effects of potentially dilutive items would decrease the net loss attributable to common shareholders per share.


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share data)	2026		2025		2026		2025
Numerator
Net income (loss), basic	$	66,591	$	56,026	$	(44,086)	$	70,680
Preferred stock dividends	(126)		—		(126)		—
Net income (loss) attributable to common shareholders, basic	$	66,465	$	56,026	$	(44,212)	$	70,680
Add: interest expense associated with convertible notes, net of tax	2,081		1,478		—		2,143
Net income (loss) attributable to common shareholders, diluted	$	68,546	$	57,504	$	(44,212)	$	72,823


Denominator
Weighted-average of common shares outstanding, basic	29,682		20,759		27,776		15,009

Dilutive effect of shares:
Stock options	86		1,016		—		545
Restricted stock units	19		128		—		84
Convertible notes	6,135		6,804		—		3,522
Warrants	—		290		—		101
ELOC commitment shares	—		513		—		208
Weighted-average of common shares outstanding, diluted	35,922		29,510		27,776		19,469

Antidilutive shares:
Convertible notes	—		—		6,135		—
Warrants	4,484		1,958		4,484		1,958
Options	3,337		168		3,798		168
Dividend warrants	3,899		—		3,899		—
Restricted stock units	157		18		509		18

Total antidilutive shares	11,876		2,143		18,825		2,143
Note: Table may not sum due to rounding.

Net income (loss) attributable to common shareholders
Basic	$	2.24	$	2.70	$	(1.59)	$	4.71
Diluted	$	1.91	$	1.95	$	(1.59)	$	3.74