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Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

Note 14. Net Income (Loss) Per Share

Basic weighted-average shares outstanding excludes nonvested restricted stock. Diluted weighted average shares outstanding is similar to basic weighted-average shares outstanding, except that the weighted-average number of shares is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common share had been issued, including the dilutive impact of nonvested restricted stock. The potentially dilutive securities outstanding during the three months ended September 30, 2024 and the nine months ended September 30, 2025 and 2024, had an anti-dilutive effect and were therefore not included in the calculation of diluted net income (loss) per share. Basic and diluted net income (loss) per share was calculated as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Basic net income (loss) per share

 

$

0.01

 

 

$

(0.06

)

 

$

(0.22

)

 

$

(0.07

)

Diluted net income (loss) per share

 

$

0.01

 

 

$

(0.06

)

 

$

(0.22

)

 

$

(0.07

)

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (in thousands)

 

$

2,593

 

 

$

(8,860

)

 

$

(38,293

)

 

$

(9,907

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding - basic

 

 

173,561,778

 

 

 

144,096,312

 

 

 

173,071,481

 

 

 

143,851,357

 

Add stock options to purchase shares and restricted stock units

 

 

1,987,564

 

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average number of shares outstanding - diluted

 

 

175,549,342

 

 

 

144,096,312

 

 

 

173,071,481

 

 

 

143,851,357

 

For the three months ended September 30, 2025 and 2024, a total of 2,187,495 and 3,312,675 stock options, RSUs, and restricted stock awards were excluded from the calculation of diluted net income (loss) per share, respectively, because their effect was anti-dilutive. For the nine months ended September 30, 2025 and 2024, a total of 4,025,695 and 3,244,309 stock options, RSUs, and restricted stock awards were excluded from the calculation of diluted net loss per share, respectively, because their effect was anti-dilutive.