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Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Earnings per Share for Common Stock and Preferred Stock

The calculation of basic and diluted earnings per share for our common stock and Preferred Stock is as follows:

		For the Three Months Ended September 30,								For the Nine Months Ended September 30,
		2025				2024				2025				2024
(In thousands, except share and per share data)						(As Restated)								(As Restated)
Net income (loss)		$	(17,459	)		$	76,971			$	(35,170	)		$	8,433
Undistributed earnings allocated to participating securities			—				(22,542	)			—				(2,882	)
Net income (loss) attributable to common shares - basic		$	(16,130	)		$	54,429			$	(32,492	)		$	5,551
Basic earnings per share of common stock		$	(0.21	)		$	1.05			$	(0.42	)		$	0.13
Weighted-average number of shares outstanding, basic			77,156,068				51,945,920				77,146,407				41,443,049
Allocated undistributed earnings allocated to participating common stock warrants			—				15,876				—				2,030
Net loss attributable to common shares - diluted		$	(16,130	)		$	(15,703	)		$	(32,492	)		$	(53,230	)
Diluted earnings per share of common stock		$	(0.21	)		$	(0.28	)		$	(0.42	)		$	(1.23	)
Weighted-average number of shares outstanding - diluted			77,156,068				55,478,342				77,146,407				43,106,746
Net income (loss) attributable to Series X and Series X1 non-voting convertible preferred stock - basic		$	(1,330	)		$	6,666			$	(2,679	)		$	852
Basic earnings per share of Series X and Series X1 non-voting convertible preferred stock		$	(11.61	)		$	58.21			$	(23.40	)		$	7.44
Weighted-average shares outstanding of Series X and X1 non-voting convertible preferred stock, basic			114,508				114,508				114,508				114,508
Net loss attributable to Series X and Series X1 non-voting convertible preferred stock - diluted		$	(1,330	)		$	(1,801	)		$	(2,679	)		$	(7,856	)
Diluted earnings per share of Series X and Series X1 non-voting convertible preferred stock		$	(11.61	)		$	(15.73	)		$	(23.40	)		$	(68.60	)
Weighted-average shares outstanding of Series X and Series X1 non-voting convertible preferred stock, diluted			114,508				114,508				114,508				114,508

Summary of Common Share Equivalents were excluded because the Inclusion is Anti-dilutive

The computation of diluted earnings per share, common stock, excludes incentive stock options, restricted stock units, preferred stock and warrants that are anti-dilutive. The following table provides a summary as of September 30, 2025 and 2024 of common share equivalents that were excluded because their inclusion would have been anti-dilutive.

		For the Nine Months Ended September 30,
		2025				2024
Preferred Stock			—				6,361,567
Stock options outstanding and other equity awards			7,372,039				16,543,376
Common and preferred warrants outstanding			—				18,567,751
Total			7,372,039				41,472,694

X

- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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