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Net Loss Attributable to Common Stockholders
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net Loss Attributable to Common Stockholders Net Loss Attributable to Common Stockholders
The following table sets forth the calculation of both basic and diluted net loss per share as follows for the periods indicated:
Year Ended December 31,
(in thousands, except share and per share amounts)202520242023
Net loss available to common stockholders - basic$(9,519)$(29,098)$(100,116)
Adjustments related to the 2026 Notes (1)
(12,590)(22,671)— 
Net loss available to common stockholders - diluted$(22,109)$(51,769)$(100,116)
Weighted average common stock outstanding - basic
126,378,509 123,827,372 131,680,605 
Effect of dilutive shares:
2026 Notes9,419,693 18,665,203 — 
Weighted average common stock outstanding - diluted135,798,202 142,492,575 131,680,605 
Basic net loss per share:$(0.08)$(0.23)$(0.76)
Dilutive net loss per share:$(0.16)$(0.36)$(0.76)
(1) For the year ended December 31, 2025 and 2024, the adjustments related to the 2026 Notes include the net gain related to the exchange and repurchases offset by interest expense and amortization of debt issuance costs related to the 2026 Notes (net of taxes).
The following shares have been excluded from the calculation of the weighted average diluted shares outstanding as the effect would have been anti-dilutive:

Year Ended December 31,
202520242023
2026 Notes— — 23,614,425 
2028 Notes87,412,575 — — 
RSUs12,311,446 7,254,391 5,242,680 
Stock Options2,459,920 3,483,070 3,732,420 
PSUs2,154,230 1,237,822 1,306,558 
For the years ended December 31, 2025, 2024, and 2023, income and shares related to the Private Placement Warrants were excluded from the calculation of diluted net loss per share of Class A Common Stock because their effect would be anti-dilutive.