Quarterly report [Sections 13 or 15(d)]

Net Income (Loss) per Common Share (Tables)

v3.26.1
Net Income (Loss) per Common Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings (Loss) Per Share
The table below presents a reconciliation of the basic and diluted net income (loss) per share that were computed for the following periods:
Three Months Ended Six Months Ended
June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025
Numerator:
Net income (loss)
$ (40,971) $ (96,979) $ (117,473) $ (99,927)
Less: dividends on Convertible Preferred Stock 504  29,739  2,016  33,179 
Net income (loss) available to common shareholders
$ (41,475) $ (126,718) $ (119,489) $ (133,106)
Denominator:
Weighted-average common shares outstanding:
Basic and diluted
220,466,669  89,554,940  207,143,490  80,424,270 
Net income (loss) per common share:
Basic and diluted $ (0.19) $ (1.41) $ (0.58) $ (1.66)