Annual report [Section 13 and 15(d), not S-K Item 405]

Net Income (Loss) Per Share Available to (Attributable to) Common Stockholders (Tables)

v3.26.1
Net Income (Loss) Per Share Available to (Attributable to) Common Stockholders (Tables)
12 Months Ended
Dec. 31, 2025
Net Income (Loss) Per Share Available to (Attributable to) Common Stockholders  
Schedule of outstanding securities considered anti-dilutive

The following table shows the weighted-average shares from outstanding securities considered anti-dilutive and therefore excluded from the computation of diluted net income (loss) per share available to (attributable to) common stockholders (in thousands):

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​

​

​

​

​

​

​

Year Ended December 31, 

​

​

2025

​

2024

Convertible Preferred Stock

​

—

​

5,003

Common stock options

 

562

​

1,755

Contingently issuable PSUs

​

—

​

273

Warrants for common stock

 

120

​

131

Total

 

682

 

7,162

Schedule of reconciliation of numerator and denominator used in calculation of basic and diluted net loss per share attributable to common stockholders

The following is a reconciliation of the numerator (net income or loss) and the denominator (number of shares) used in the calculation of basic and diluted net income (loss) per share available to (attributable to) common stockholders (in thousands, except per share amounts):

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​

​

​

​

Year Ended December 31, 

​

​

2025

​

2024

Numerator

​

​

​

​

​

​

Net income (loss)

​

$

31,712

​

$

(13,821)

Less: Series A accumulated dividends

​

 

(2,122)

​

 

(2,122)

Less: Series B accumulated dividends

​

​

(3,406)

​

​

(3,350)

Less: Allocation of undistributed earnings to participating securities

​

​

(7,668)

​

​

—

Net income (loss) available to (attributable to) common stockholders, basic

​

$

18,516

​

$

(19,293)

Add: Adjustments to undistributed earnings allocated to participating securities

​

 

7,668

​

​

—

Net income (loss) available to (attributable to) common stockholders, diluted

​

$

26,184

​

$

(19,293)

​

​

​

​

​

 

​

Denominator

​

 

​

​

 

​

Weighted-average shares used in computing net income (loss) per share available to (attributable to) common stockholders, basic

​

 

12,081

​

 

11,701

Effect of dilutive Series X Preferred Stock

​

​

5,003

​

​

—

Effect of dilutive warrants for common stock

​

​

3

​

​

—

Effect of dilutive PSUs

​

 

240

​

​

—

Effect of dilutive RSUs

​

​

17

​

​

—

Effect of dilutive common stock options

​

 

638

​

​

—

Weighted-average shares used in computing net income (loss) per share available to (attributable to) common stockholders, diluted

​

 

17,982

​

 

11,701

Net income (loss) per share available to (attributable to) common stockholders, basic

​

$

1.53

​

$

(1.65)

Net income (loss) per share available to (attributable to) common stockholders, diluted

​

$

1.46

​

$

(1.65)