XML 27 R17.htm IDEA: XBRL DOCUMENT v3.25.3
Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted income (loss) per share:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Numerator:
Net income (loss)$30,834 $24,681 $74,491 $(7,149)
Gain on fair value of warrant liabilities— (8,219)(9,905)— 
Net income (loss) adjusted for gain on fair value of warrant liabilities
$30,834 $16,462 $64,586 $(7,149)
Denominator:
Basic weighted average shares of common stock outstanding
189,714,398 176,034,571 191,818,214 175,610,399 
Diluted effect of stock-based awards
2,843,887 2,850,849 3,416,043 — 
Diluted effect of warrants— 1,076,408 2,457,255 — 
Diluted effect of market condition equity awards
— — 61,838 — 
Diluted effect of KPI awards
— — 60,909 — 
Diluted weighted average shares of common stock outstanding
192,558,285 179,961,828 197,814,259 175,610,399 
Net income (loss) per share
Basic$0.16 $0.14 $0.39 $(0.04)
Diluted$0.16 $0.09 $0.33 $(0.04)
The following table presents the potential shares that are excluded from the computation of diluted net income (loss) per share and income (loss) per share for the periods presented because including them would have had an anti-dilutive effect:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Stock options issued under 2020 Plan— — — 1,171,725 
Time-based RSUs1,928,099 — 642,700 6,316,214 
Warrants— — — 37,359,837 
Shares issuable for the market condition awards and 2025 KPI awards (see Note 8) are not included in the table above, as the market condition criterion and 2025 KPI award targets have not yet been achieved. Such shares are therefore not included in the Company's calculation of basic or diluted net income (loss) per share.