(Loss) Earnings Per Share

6 Months Ended

Jun. 30, 2026

The following table sets forth the computation of basic and diluted net loss (earnings) per share of common stock:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2026		2025		2026		2025
Basic (loss) earnings per share:
Numerator
Net (loss) income, basic and diluted	$	(18,612)	$	37,667	$	(50,751)	$	24,794
Denominator
Weighted-average number of shares used in per share computation - Class A	10,825		9,819		10,681		9,147
Weighted-average number of shares used in per share computation - Class B	19,185		19,641		19,185		19,546
Basic net (loss) income per share - Class A	$	(0.62)	$	1.28	$	(1.70)	$	0.86
Basic net (loss) income per share - Class B	$	(0.62)	$	1.28	$	(1.70)	$	0.86
Diluted net (loss) income per share:
Denominator
Weighted-average number of shares used in diluted computation - Class A	10,825		12,500		10,681		11,790
Weighted-average number of shares used in diluted computation - Class B	19,185		21,021		19,185		20,172
Diluted net (loss) income per share - Class A	$	(0.62)	$	1.12	$	(1.70)	$	0.78
Diluted net (loss) income per share - Class B	$	(0.62)	$	1.12	$	(1.70)	$	0.78

Diluted (loss) income per share includes the dilutive effect of common stock equivalents and is computed using the weighted-average number of shares of common stock and common stock equivalents outstanding during the reporting period. Diluted (loss) income per share for the three and six months ended June 30, 2026, excluded common stock equivalents because the effect of their inclusion would be anti-dilutive or would decrease the reported loss per share.

The following table sets forth securities outstanding that could potentially dilute the calculation of diluted earnings per share:


	Three Months Ended June 30,	Six Months Ended June 30,
(In thousands)	2026	2026
RSUs outstanding	2,410	2,454
Stock options outstanding	540	541
Warrants	100	100
Number of anti-dilutive shares	3,050	3,095