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Weighted Average Shares Outstanding and Net Loss Per Share | 3 Months Ended
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Mar. 31, 2026
Earnings Per Share [Abstract] |
Weighted Average Shares Outstanding and Net Loss Per Share | Weighted Average Shares Outstanding and Net Loss Per Share The following table presents a reconciliation of the weighted average shares of common stock used in calculating basic and diluted net loss per share as well as the calculation of basic and diluted net loss per share:
|  |  | Three Months Ended March 31,
(in thousands, except per share amounts) |  |  |  |  | 2026 |  | 2025
Numerator |  |  |  |  |  |  |
Net loss attributable to common shareholders |  |  |  |  | $ | (41,699) |  |  | $ | (33,656) |
Denominator |  |  |  |  |  |  |
Weighted average common shares outstanding, basic |  |  |  |  | 43,529 |  | 43,463 |
Weighted average common shares outstanding, diluted |  |  |  |  | 43,529 |  | 43,463 |
Net loss per share, basic |  |  |  |  | $ | (0.96) |  |  | $ | (0.77) |
Net loss per share, diluted |  |  |  |  | $ | (0.96) |  |  | $ | (0.77) |
Due to net losses for the three months ended March 31, 2026 and 2025, unvested RSUs representing 531,000 and 585,000 shares, respectively, and potential dilution from the convertible notes converting into 9,426,000 and 8,427,000 shares, respectively, of common stock have been excluded from the calculation of diluted earnings per share, as their inclusion would have been anti-dilutive. In connection with the issuance of the 3.25% Convertible Notes and 3.75% Convertible Notes, we entered into the 2024 capped call transactions and 2023 capped call transactions, respectively, which were not included for purposes of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive.

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