Basic and Diluted Net (Loss) Income Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Summary of Basic and Diluted Loss per Ordinary Share

The following table sets forth the computation of basic and diluted net (loss) income per share:


(In thousands, except for share and per share amounts)	December 31, 2024		December 31, 2023
Numerator:
Net (loss) income attributable to common stockholders—Basic	$	(83,697)	$	23,798
Net (loss) income attributable to common stockholders—Diluted	$	(83,697)	$	23,798
Denominator:
Weighted-average common shares outstanding—Basic (1)	143,192,630		139,718,385
Stock options	—		2,872,491
RSU awards	—		67,547
Weighted-average common shares outstanding—Diluted (1)	143,192,630		142,658,423
Net (loss) income per share—Basic	$	(0.58)	$	0.17
Net (loss) income per share—Diluted	$	(0.58)	$	0.17

(1)Excludes weighted-average Sponsor Vesting Shares subject to return of 3,727,397 and 4,500,000 shares for the years ended December 31, 2024 and 2023, respectively.

Summary of Antidilutive Securities Excluded from Computation of Earnings per Share

The following potentially dilutive securities for common stock were outstanding and excluded from diluted net (loss) income per share as they are subject to performance or market conditions that were not achieved as follows:


	December 31, 2024	December 31, 2023
Options to purchase common stock	1,058,231	1,481,531
PSU awards	1,590,227	2,018,934
Earnout shares	25,000,000	25,000,000
Sponsor vesting shares	3,000,000	4,500,000

The following outstanding shares of out-of-the-money options and potentially dilutive securities were excluded from the computation of diluted net (loss) income per share attributable to common stockholders for the periods presented because including them would have been antidilutive:


	December 31, 2024	December 31, 2023
Options to purchase common stock	2,859,743	41,357
Warrants to purchase common stock	35,476,627	35,476,627
RSU awards	14,139,810	—