v3.25.4
(LOSS) EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Weighted Average Shares Outstanding
Basic and diluted weighted average shares outstanding and (loss) earnings per share were as follows (in thousands, except share and per share data):
Year Ended December 31,
202520242023
Net (loss) income$(206,366)$(5,905)$67,486 
Weighted-average shares outstanding:
Weighted average shares used in computing (loss) earnings per share, basic150,370,533 145,713,439 154,666,717 
Founders advisory fees— — 11,785,305 
Weighted average shares used in computing (loss) earnings per share, diluted150,370,533 145,713,439 166,452,022 
Basic (loss) earnings per share$(1.37)$(0.04)$0.44 
Diluted (loss) earnings per share$(1.37)$(0.04)$0.41 
Schedule of Anti-Dilutive Securities Excluded in the Calculation
The number of anti-dilutive securities not included in the calculation of diluted (loss) earnings per share were as follows:
Year Ended December 31,
202520242023
PBNQSO4,603,398 3,047,072 245,004 
Founders advisory fees13,357,957 9,428,244 — 
Warrants— 6,395,268 8,460,860 
Total17,961,355 18,870,584 8,705,864