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Note 15 - Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Basic and Diluted

 

 

Three Months Ended

 

 

 

March 31,

 

(in millions)

 

2026

 

 

2025

 

Net loss

 

$

(16

)

 

$

(7

)

Less: Series B Preferred stock cash dividends

 

 

(1

)

 

 

(1

)

Less: Series C Preferred stock in-kind dividends

 

 

 

 

 

(2

)

Less: Preferred stock deemed dividends

 

 

(1

)

 

 

 

Less: Deemed dividend on preferred stock amendment

 

 

(2

)

 

 

 

Net loss available to common shareholders - basic

 

$

(20

)

 

$

(10

)

 

 

Three Months Ended

 

 

 

March 31,

 

(in millions of shares)

 

2026

 

 

2025

 

Weighted average shares — basic

 

 

97.5

 

 

 

80.6

 

Effect of dilutive securities

 

 

 

 

 

 

Unvested restricted stock units

 

 

 

 

 

 

Employee stock options

 

 

 

 

 

 

Series B Preferred Stock

 

 

 

 

 

 

Weighted average shares — diluted

 

 

97.5

 

 

 

80.6