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Earnings Per Share ("EPS") | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share ("EPS") |
Earnings Per Share ("EPS") | Note 18. Earnings Per Share (“EPS”) The following table presents potentially dilutive securities that were included in the computation of diluted net income (loss) per share: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024 |
Numerator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) | ​ | $ | 219,454 | ​ | $ | (84,449) | ​ | $ | (76,913) | ​ | $ | 127,328 | ​
Interest incurred on the 2030 Notes, net of income taxes | ​ | ​ | 2,189 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​
Numerator for diluted EPS | ​ | $ | 221,643 | ​ | $ | (84,449) | ​ | $ | (76,913) | ​ | $ | 127,328 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator for basic EPS - weighted average shares outstanding | ​ | ​ | 336,278,380 | ​ | ​ | 264,625,308 | ​ | ​ | 332,912,120 | ​ | ​ | 249,711,377 | ​
Effect of dilutive securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unvested RSAs | ​ | ​ | 5,881,278 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Unvested RSUs | ​ | ​ | 529,579 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
2030 Notes | ​ | ​ | 39,988,127 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Dilutive potential common shares | ​ | ​ | 46,398,984 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Denominator for diluted EPS - adjusted weighted average shares outstanding | ​ | ​ | 382,677,364 | ​ | ​ | 264,625,308 | ​ | ​ | 332,912,120 | ​ | ​ | 249,711,377 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic EPS | ​ | $ | 0.65 | ​ | $ | (0.32) | ​ | $ | (0.23) | ​ | $ | 0.51 | ​
Diluted EPS | ​ | $ | 0.58 | ​ | $ | (0.32) | ​ | $ | (0.23) | ​ | $ | 0.51 | ​
​ The following table presents potentially dilutive securities that were not included in the computation of diluted net income (loss) per share as their inclusion would have been anti-dilutive: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
Warrants to purchase common stock | ​ | ​ | 63,000 | ​ | ​ | 63,000 | ​ | ​ | 63,000 | ​ | ​ | 63,000
Unvested RSAs(a) | ​ | ​ | — | ​ | ​ | 16,803,122 | ​ | ​ | 22,846,989 | ​ | ​ | 16,803,122
Unvested RSUs | ​ | ​ | — | ​ | ​ | 1,385,639 | ​ | ​ | 2,114,812 | ​ | ​ | 1,385,639
Stock options | ​ | ​ | 1,166,861 | ​ | ​ | — | ​ | ​ | 1,166,861 | ​ | ​ | —
Total | ​ | ​ | 1,229,861 | ​ | ​ | 18,251,761 | ​ | ​ | 26,191,662 | ​ | ​ | 18,251,761
​
| (a) | Unvested restricted stock awards are included in total common shares outstanding but are excluded from the calculation of basic earnings per share.

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