Earnings per Share

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following tables present the calculations of basic and diluted loss per share for the three months ended March 31, 2026 and 2025:

	Three Months Ended March 31,
(in thousands, except share and per share amounts)	2026		2025
Basic net income (loss) per share:
Net income (loss)	$	4,542	$	(9,618)
Weighted-average basic shares outstanding	44,207,794		43,412,366
Basic net income (loss) per share	$	0.10	$	(0.22)

	Three Months Ended March 31,
(in thousands, except share and per share amounts)	2026		2025
Diluted net income (loss) per share:
Net income (loss)	$	4,542	$	(9,618)
Weighted-average basic shares outstanding	44,207,794		43,412,366
Plus: Common stock equivalents associated with stock-based compensation	1,038,692		—
Weighted-average diluted shares outstanding	45,246,486		43,412,366
Diluted net income (loss) per share	$	0.10	$	(0.22)

The computation of weighted-average diluted shares outstanding excluded the following share amounts as their effect would have been anti-dilutive for the three months ended March 31, 2026 and 2025:

	Three Months Ended March 31,
	2026	2025
Outstanding RSUs	715,486	1,516,494
Outstanding PSUs	433,290	1,607,551
Outstanding stock options	2,123,049	2,430,369
Outstanding ESPP shares	418,782	108,062