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Net Income (Loss) per Share | 6 Months Ended
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Jun. 30, 2026
Earnings Per Share [Abstract] |
Net Income (Loss) per Share | 8. Net Income (Loss) per Share Basic and diluted net income (loss) per share attributable to common stockholders was calculated as follows (in thousands, except share and per share data):
| Three Months Ended June 30, |  |  | Six Months Ended June 30, |
| 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Basic Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 4,581 |  |  | $ | (19,855 | ) |  | $ | (15,332 | ) |  | $ | 12,827 |
Income (loss) attributable to common stockholders - basic | $ | 4,581 |  |  | $ | (19,855 | ) |  | $ | (15,332 | ) |  | $ | 12,827 |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding - basic |  | 9,706,193 |  |  |  | 8,743,733 |  |  |  | 9,644,704 |  |  |  | 8,723,589 |
Net income (loss) per share attributable to common stockholders - basic | $ | 0.47 |  |  | $ | (2.27 | ) |  | $ | (1.59 | ) |  | $ | 1.47 |
Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 4,581 |  |  | $ | (19,855 | ) |  | $ | (15,332 | ) |  | $ | 12,827 |
Income (loss) attributable to common stockholders - diluted | $ | 4,581 |  |  | $ | (19,855 | ) |  | $ | (15,332 | ) |  | $ | 12,827 |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding - basic |  | 9,706,193 |  |  |  | 8,743,733 |  |  |  | 9,644,704 |  |  |  | 8,723,589 |
Dilutive impact from: |  |  |  |  |  |  |  |  |  |  |
Stock options to purchase common stock |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Unvested restricted stock units |  | 40,945 |  |  |  | — |  |  |  | — |  |  |  | 8,586 |
Shares issuable under employee stock purchase plan |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |
Weighted-average shares outstanding - diluted |  | 9,747,138 |  |  |  | 8,743,733 |  |  |  | 9,644,704 |  |  |  | 8,732,176 |
Net income (loss) per share applicable to common stockholders - diluted | $ | 0.47 |  |  | $ | (2.27 | ) |  | $ | (1.59 | ) |  | $ | 1.47 |
Anti-dilutive potential common stock equivalents excluded from the calculation of net income (loss) per share: |  |  |  |  |  |  |  |  |  |  |
Stock options to purchase common stock |  | 1,548,690 |  |  |  | 1,200,467 |  |  |  | 1,548,690 |  |  |  | 1,200,467 |
Unvested restricted stock units |  | 161,748 |  |  |  | 51,199 |  |  |  | 161,748 |  |  |  | 51,199 |
Shares issuable under employee stock purchase plan |  | 1,464 |  |  |  | 19,991 |  |  |  | 922 |  |  |  | 12,701 |
Warrants to purchase common stock |  | 32,379 |  |  |  | 32,379 |  |  |  | 32,379 |  |  |  | 32,379 |
The Company’s potential dilutive securities include stock options, unvested restricted common stock and shares issuable under the 2015 Employee Stock Purchase Plan. The effect of dilutive securities was calculated using the treasury stock method. The anti-dilutive potential common stock equivalents for the six months ended June 30, 2026 and the three months ended June 30, 2025 were excluded from the computation of diluted net loss per share attributable to common stockholders because those stock options to purchase common stock, restricted stock units, and shares issuable under employee stock purchase plan had an anti-dilutive impact as the Company reported a net loss from continuing operations attributable to common stockholders for those periods. The anti-dilutive potential common stock equivalents for the three months ended June 30, 2026 and the six months ended June 30, 2025 were excluded from the computation of diluted net income per share attributable to common stockholders because those stock options to purchase common stock and restricted stock units had an anti-dilutive impact due to the assumed proceeds per share using the treasury stock method being greater than the average fair value of the Company’s common shares for those periods. For that same period, the warrants to purchase common stock were excluded because the exercise price of the Tranche A Warrants is greater than the average fair value of the Company’s common shares.

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