Three Months Ended

March 31,
2025

March 31,
2024

(Dollars in thousands, except per share amounts)

Net income (loss) attributable to common shareholders

$

(12,929

)

$

(32,749

)

Redeemable preferred stock dividends and accretion

(13,886

)

(10,166

)

Noncontrolling redeemable equity dividend

(5

)

(7

)

Basic numerator

$

(26,820

)

$

(42,922

)

Weighted average shares outstanding – Basic

29,062

28,254

Dilutive effect of common share equivalents

—

—

Weighted average shares outstanding – Diluted

29,062

28,254

Basic earnings (loss) per share

$

(0.92

)

$

(1.52

)

Diluted earnings (loss) per share

$

(0.92

)

$

(1.52

)