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Net (Loss) Income Per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share

Note 16. Net (Loss) Income Per Share

Basic and diluted net (loss) income per share was calculated as follows:

 

Year Ended December 31,

 

(in thousands, except share and per share amounts)

 

2025

 

 

2024

 

 

2023

 

Basic net (loss) income per share

 

$

(0.20

)

 

$

(0.74

)

 

$

0.26

 

Diluted net (loss) income per share

 

$

(0.20

)

 

$

(0.74

)

 

$

0.26

 

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income

 

 

(34,824

)

 

 

(110,273

)

 

 

37,293

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding - basic

 

 

173,199,004

 

 

 

148,582,226

 

 

 

144,083,808

 

Add options and restricted stock units to purchase units

 

 

—

 

 

 

—

 

 

 

2,142,288

 

Weighted average number of shares outstanding - diluted

 

 

173,199,004

 

 

 

148,582,226

 

 

 

146,226,096

 

For the years ended December 31, 2025, 2024, and 2023, a total of 4,161,657, 3,630,723, and 4,725,584 stock options, RSUs, and restricted stock awards were excluded from the calculation of diluted net (loss) income per share, respectively, because their effect was anti-dilutive.