Note 18 - Net Income (Loss) per Share

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

18. Net Income (Loss) Per Share

Basic net income (loss) per share is computed by dividing total net income (loss) by the weighted average common shares outstanding for the period. In computing diluted net income (loss) per share, the Company adjusts the denominator, subject to anti-dilution requirements, to include the dilution from potential shares of common stock resulting from outstanding share-based payment awards, warrants and Company earn-outs. 

	Three Months Ended September 30,					Nine Months Ended September 30,
	2025		2024			2025			2024
	(in thousands, except per share amounts)
Net income (loss) per share available to common stockholders, excluding sponsor earn-out stockholders
Numerator:
Net income (loss)	$	13,017	$	2,928		$	19,476		$	(11,964	)
Net income attributable to Sponsor Earn-out Shares		—		(41	)		—			—
Net (income) loss attributable to noncontrolling interest		—		(308	)		(321	)		59
Total net income (loss) available to common stockholders	$	13,017	$	2,579		$	19,155		$	(11,905	)
Denominator:
Weighted average common shares outstanding		212,001		183,946			205,049			182,753
Effect of dilutive securities
Stock options		15,985		14,533			16,430			—
RSUs		4,874		5,380			5,659			—
Warrants		37		—			1,847			—
Weighted average diluted shares		232,897		203,859			228,985			182,753
Basic net income (loss) per share available to common stockholders, excluding sponsor earn-out stockholders	$	0.06	$	0.01		$	0.09		$	(0.07	)
Diluted net income (loss) per share available to common stockholders, excluding sponsor earn-out stockholders	$	0.06	$	0.01		$	0.08		$	(0.07	)

The below table includes the total potentially dilutive securities for the three and nine months ended September 30, 2025 and 2024, which have been excluded from the computation of diluted net income (loss) per share as their effect is anti-dilutive:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
	(in thousands)
Stock options		86		12		64		25,195
RSUs		3		1		3		10,534
Warrants		—		16,308		—		16,308
Earn-out shares		—		3,000		—		3,000
Total		89		19,321		67		55,037