Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2026

The following table sets forth the computation of basic and diluted income (loss) per common share (in thousands, except per share data):


	Three Months Ended March 31,
Basic income (loss) per common share	2026		2025
Net income (loss)	$	1,417	$	(505)
Net (income) loss allocated to participating securities	(1)		1
Net income (loss) allocated to common stockholders	$	1,416	$	(504)

Basic weighted-average common shares outstanding	48,074		42,232
Basic income (loss) per common share	$	0.03	$	(0.01)


	Three Months Ended March 31,
Diluted income (loss) per common share	2026		2025
Net income (loss)	$	1,417	$	(505)
Net (income) loss allocated to participating securities	(1)		1
Net income (loss) allocated to common stockholders	$	1,416	$	(504)

Basic weighted-average common shares outstanding	48,074		42,232
Effect of dilutive stock options and awards	1,657		—
Diluted weighted-average common shares outstanding	49,731		42,232
Diluted income (loss) per common share	$	0.03	$	(0.01)

We excluded stock options and awards from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares because the inclusion of these stock options would be antidilutive to loss per common share. For the three months ended March 31, 2026 only dilutive stock options and awards were included in the calculation of diluted weighted-average common shares outstanding. Antidilutive potential common shares were immaterial and excluded from the calculation of diluted weighted-average common shares outstanding. For the three months ended March 31, 2025 all stock options and awards were excluded from the calculation of diluted weighted-average common shares outstanding as these would be antidilutive due to the net loss.