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Note 8 - Income (Loss) per Common Share (Tables)
12 Months Ended
Dec. 31, 2025
Notes To Financial Statements [Abstract]  
Schedule of Earnings Per Share Basic and Diluted

The following table represents net income (loss) per common share – basic and diluted (in thousands, except income (loss) per share):

 

 

Year ended December 31,

 

 

2025

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

321,712

 

 

$

35,802

 

 

$

(84,217

)

Preferred stock dividends

 

 

(552

)

 

 

(552

)

 

 

(552

)

Net income (loss) applicable to common stockholders

 

$

321,160

 

 

$

35,250

 

 

$

(84,769

)

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

Basic weighted average common shares

 

 

651,965

 

 

 

620,848

 

 

 

605,668

 

Dilutive units

 

 

3,803

 

 

 

1,687

 

 

 

 

Diluted weighted average common shares

 

 

655,768

 

 

 

622,535

 

 

 

605,668

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per common share

 

$

0.49

 

 

$

0.06

 

 

$

(0.14

)

Diluted income (loss) per common share

 

$

0.49

 

 

$

0.06

 

 

$

(0.14

)