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Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
Basic income (loss) per common share is determined by dividing income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration of common stock equivalents. Diluted income (loss) per share is computed by dividing the income (loss) attributable to common stockholders by the weighted-average number of common stock equivalents outstanding for the period. The treasury stock method is used to determine the dilutive effect of the Company's stock option grants and RSUs. 15,609,038 stock options and RSUs (common stock equivalents) were excluded from the calculation of diluted income per share for the three months ended September 30, 2025, because their inclusion would have been anti-dilutive. 14,235,295 stock options and RSUs (common stock equivalents) were excluded from the calculation of diluted income per share for the three months ended September 30, 2024, because their inclusion would have been anti-dilutive.
Basic and diluted income (loss) per common share is computed as follows (in thousands except share and per share data):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Numerator:
Net income (loss) used for calculation of basic and diluted EPS$16,822 $56,309 $(60,465)$(51,545)
Denominator:
Weighted average shares outstanding, basic63,233,266 62,744,005 63,112,560 62,566,723 
Effect of dilutive securities:
Stock options and restricted stock units50,358 121,836 — — 
Weighted average shares outstanding, diluted63,283,624 62,865,841 63,112,560 62,566,723 
Net income (loss) per share, basic$0.27 $0.90 $(0.96)$(0.82)
Net income (loss) per share, diluted$0.27 $0.90 $(0.96)$(0.82)