Quarterly report [Sections 13 or 15(d)]

Earnings per Share

v3.25.2
Earnings per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

8. Earnings per Share

The following table sets forth the computation of basic and diluted net income per share of common stock:

 

 

 

For the Three Months
Ended June 30,

 

 

For the Six Months
Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Net income attributable to common stockholders

 

$

18,665

 

 

$

12,618

 

 

$

4,575

 

 

$

10,610

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

114,012

 

 

 

115,758

 

 

 

114,945

 

 

 

116,512

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

  RSUs and PSUs

 

 

1,399

 

 

 

1,122

 

 

 

700

 

 

 

561

 

Weighted average common shares outstanding — Diluted

 

 

115,411

 

 

 

116,880

 

 

 

115,645

 

 

 

117,073

 

Net income per share attributable to common stockholders —
  Basic

 

$

0.16

 

 

$

0.11

 

 

$

0.04

 

 

$

0.09

 

Net income per share attributable to common stockholders —
  Diluted

 

$

0.16

 

 

$

0.11

 

 

$

0.04

 

 

$

0.09

 

 

The following potential shares of common stock have been excluded from the computation of diluted net income per share because their effect would have been antidilutive:

 

 

 

As of June 30,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Stock options

 

 

1,306

 

 

 

1,306

 

Ares warrants

 

 

1,100

 

 

 

1,100

 

Public and Private warrants

 

 

17,333

 

 

 

17,333

 

Series A redeemable preferred stock

 

 

8,613

 

 

 

8,525