(in thousands, except per-share information)

2025

2024

2023

Numerator for basic and diluted EPS per share of common stock:

Net income (loss) - Basic and diluted

$

159,030

$

37,662

$

(39,226

)

Weighted average shares of common stock:

Shares of common stock outstanding at the balance sheet date

181,986

82,622

51,636

Unvested dividend eligible share based compensation outstanding at the balance sheet date

284

235

-

Effect of weighting

(53,968

)

(17,408

)

(6,987

)

Weighted average shares-basic and diluted

128,302

65,449

44,649

Net income (loss) per common share:

Basic and diluted

$

1.24

$

0.57

$

(0.89

)

Anti-dilutive incentive shares not included in calculation.

-

192