| Schedule of Earnings Per Share, Basic and Diluted |
The following table presents the computation of the Company’s basic and diluted income (loss) per share: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (Dollars in thousands) | | Numerator: | | | | | | | | | Net (loss) income attributed to common stockholders - basic | $ | (19,690) | | | $ | 6,696 | | | $ | (88,846) | | | $ | (544) | | | Adjustments related to convertible debt | — | | | (6,173) | | | — | | | (4,834) | | | Net (loss) income attributed to common stockholders - diluted | $ | (19,690) | | | $ | 523 | | | $ | (88,846) | | | $ | (5,378) | | | | | | | | | | | Denominator: | | | | | | | | | Basic weighted-average shares | 95,113,669 | | | 49,325,518 | | | 89,249,913 | | | 49,171,414 | | | Weighted-average dilutive share equivalents | | | | | | | | | Convertible debt | — | | | 4,155,652 | | | — | | | 4,530,511 | | | Restricted stock units | — | | | 426,888 | | | — | | | — | | | Diluted weighted-average shares | 95,113,669 | | | 53,908,058 | | | 89,249,913 | | | 53,701,925 | | | | | | | | | | Net (loss) income per share: | | | | | | | | | Basic | $ | (0.21) | | | $ | 0.14 | | | $ | (1.00) | | | $ | (0.01) | | | Diluted | $ | (0.21) | | | $ | 0.01 | | | $ | (1.00) | | | $ | (0.10) | |
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| Schedule of Weighted Average Shares Excluded From Calculation of Diluted Income (Loss) Per Share |
The following weighted-average shares have been excluded from the calculation of diluted net loss per share for each period presented because they are anti-dilutive: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Options to purchase common stock | 1,483,074 | | | 2,275,077 | | | 1,580,893 | | | 2,337,331 | | | Warrants | 48,529 | | | 188,235 | | | 48,529 | | | 188,235 | | | Restricted stock units | 8,803,475 | | | 794,716 | | | 5,813,564 | | | 3,854,406 | | | Performance-based stock units | 1,840,068 | | | 1,010,353 | | | 1,219,680 | | | 492,353 | | Total shares excluded from diluted loss per share | 12,175,146 | | | 4,268,381 | | | 8,662,666 | | | 6,872,325 | |
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