| Earnings per Common Share The following table reflects basic and diluted weighted average shares and net loss per share:
| | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | Net (loss) income attributable to common stockholders | $ | (210) | | | $ | (1,153) | | | $ | (112) | | Less: Income allocated to participating securities | — | | | — | | | (5) | | | (Loss) earnings attributable to common stock | $ | (210) | | | $ | (1,153) | | | $ | (117) | | | Weighted average common shares outstanding | 415,327,556 | | 330,713,517 | | 237,881,183 | | Basic (loss) earnings per common share | $ | (0.50) | | | $ | (3.49) | | | $ | (0.49) | | | (Loss) earnings attributable to common stock | $ | (210) | | | $ | (1,153) | | | $ | (117) | | | Weighted average common shares outstanding | 415,327,556 | | 330,713,517 | | 237,881,183 | Dilutive potential common shares | — | | — | | — | | Total shares for diluted earnings per common share computation | 415,327,556 | | 330,713,517 | | | 237,881,183 | | | Diluted (loss) earnings per common share and common share equivalents | $ | (0.50) | | | $ | (3.49) | | | $ | (0.49) | |
For the year ended December 31, 2025, 40,125,738 shares were excluded from the diluted EPS calculation as they would have been antidilutive.
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