Annual report [Section 13 and 15(d), not S-K Item 405]

Earnings per Share (Tables)

v3.25.4
Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income Per Share of Common Stock

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

 

 

 

For the Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Net income attributable to common stockholders

 

$

16,994

 

 

$

15,095

 

 

$

28,619

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

113,312

 

 

 

116,139

 

 

 

118,782

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

RSUs and PSUs

 

 

1,664

 

 

 

810

 

 

 

823

 

Weighted average common shares outstanding — Diluted

 

 

114,976

 

 

 

116,949

 

 

 

119,605

 

Net income per share attributable to common stockholders — Basic

 

$

0.15

 

 

$

0.13

 

 

$

0.24

 

Net income per share attributable to common stockholders — Diluted

 

$

0.15

 

 

$

0.13

 

 

$

0.24

 

Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Income Per Share

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 December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Ares Warrants

 

 

 

 

 

1,100

 

 

 

1,100

 

Public and Private Warrants

 

 

 

 

 

17,333

 

 

 

17,333

 

Series A redeemable preferred stock

 

 

8,658

 

 

 

8,569

 

 

 

8,482

 

Stock options

 

 

1,306

 

 

 

1,306

 

 

 

1,306