| Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share |
The following table provides the computation of basic and diluted Net income (loss) attributable to common shareholders per share for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | 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 | |
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