Note 11 - Net Income (Loss) Per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 11.  Net Income (Loss) Per Share Attributable to Common Stockholders

The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except share and per share amounts):

	Three Months Ended March 31,
	2026		2025
Numerator
Net income (loss)	$	5,179	$	(15,591	)
Denominator
Weighted average shares used to compute net income (loss) per share, basic		240,649,773		227,923,636
Effect of dilutive shares:
Stock-based compensation plans		1,534,751		—
Weighted average shares used to compute net income (loss) per share, diluted		242,184,524		227,923,636
Net income (loss) per share:
Basic	$	0.02	$	(0.07	)
Diluted	$	0.02	$	(0.07	)

For the three months ended March 31, 2026, 1,534,751 dilutive shares were included in the diluted weighted average share count. For the three months ended March 31, 2025, all potentially dilutive securities were excluded from the diluted EPS computation because their effect would have been antidilutive given the net loss in that period. The following table summarizes the potentially dilutive securities excluded from the computation:

	Three Months Ended March 31,
	2026		2025
Options to purchase common stock		23,924,411		20,991,136
Restricted stock units to purchase common stock		1,496,485		3,096,583
Warrants to purchase common stock		10,914		10,914
Employee Stock Purchase Plan		—		456,056
Total potentially dilutive securities excluded from denominator of the diluted earnings per share computation		25,431,810		24,554,689