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Net income (loss) per share | 6 Months Ended
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Jun. 30, 2026
Earnings Per Share [Abstract] |
Net Loss Per Share | 16. Net income (loss) per share
|  | Three months ended June 30, |  |  | Six months ended June 30, |
($ in thousands) |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Net income (loss) for basic calculation |  | $ | (27,124 | ) |  | $ | (15,430 | ) |  | $ | 5,475 |  |  | $ | (19,249 | )
Less: decrease in fair value of warrants |  |  | — |  |  |  | — |  |  |  | (39,855 | ) |  |  | — |
Net loss for diluted calculation |  | $ | (27,124 | ) |  | $ | (15,430 | ) |  | $ | (34,380 | ) |  | $ | (19,249 | )
Weighted average shares outstanding for calculating basic income (loss) per share |  |  | 16,048,941 |  |  |  | 13,098,825 |  |  |  | 15,809,947 |  |  |  | 12,948,189 |
Add: Assumed exercise of warrants |  |  | — |  |  |  | — |  |  |  | 6,825,695 |  |  |  | — |
Weighted average shares outstanding for calculating diluted loss per share |  |  | 16,048,941 |  |  |  | 13,098,825 |  |  |  | 22,635,642 |  |  |  | 12,948,189 |
Basic income (loss) per share |  | $ | (1.69 | ) |  | $ | (1.18 | ) |  | $ | 0.35 |  |  | $ | (1.49 | )
Diluted loss per share |  | $ | (1.69 | ) |  | $ | (1.18 | ) |  | $ | (1.52 | ) |  | $ | (1.49 | )
For purposes of computing diluted loss per share, weighted average common shares outstanding do not include potentially dilutive securities that are anti-dilutive, as shown below.
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Anti-dilutive securities excluded from calculating dilutive loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Shares of common stock issuable under stock option plans outstanding |  |  | 201,905 |  |  |  | 206,405 |  |  |  | 201,905 |  |  |  | 206,405 |
Shares of common stock issuable upon vesting of RSUs |  |  | 3,127,760 |  |  |  | 1,974,750 |  |  |  | 3,127,760 |  |  |  | 1,974,750 |
Shares of common stock issuable upon exercise of outstanding warrants |  |  | 6,836,237 |  |  |  | — |  |  |  | — |  |  |  | — |
Potential common shares excluded from diluted net loss per share calculation |  |  | 10,165,902 |  |  |  | 2,181,155 |  |  |  | 3,329,665 |  |  |  | 2,181,155 |

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