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Net Income (Loss) per Common Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) per Common Share
13. Net Income (Loss) per Common Share
The following table presents the computation of the Company’s basic and diluted net income (loss) per share:
Three Months Ended March 31,
20262025
(Dollars in thousands)
Numerator:
Net (loss) income attributed to common stockholders - basic and diluted
$(38,786)$(54,843)
Denominator:
Weighted-average shares - basic and diluted96,279,745 77,954,579 
Net (loss) income per share:
Basic$(0.40)$(0.70)
Diluted$(0.40)$(0.70)
The Company has PSUs, which are only included in diluted net income (loss) per share to the extent the underlying performance conditions have been satisfied at the end of the reporting period, or would be considered satisfied if the end of the reporting period was the end of the related performance period and the result would be dilutive.
The following weighted-average shares have been excluded from the calculation of diluted net income (loss) per share attributable to holders of Common Stock for each period presented because they are anti-dilutive:
Three Months Ended March 31,
20262025
Options to purchase Common Stock
1,201,981 1,678,290 
Warrants48,529 48,529 
Restricted stock units6,797,185 3,638,610 
Performance stock units
1,028,917 867,207 
Total shares excluded from diluted net (loss) income per share
9,076,612 6,232,636