Quarterly report [Sections 13 or 15(d)]

Loss per Share

v3.26.3
Loss per Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Loss per Share

7. Loss per share

Loss per share, or EPS, is computed in accordance with ASC 260 — Earnings per Share and is calculated using the weighted-average number of shares of common stock outstanding during each period. Diluted EPS assumes the conversion, exercise or issuance of all potential common stock equivalents (which can include dilution of outstanding stock options and restricted stock units, or RSUs) unless the effect is to reduce a loss or increase the income per share. For purposes of this calculation, common stock subject to repurchase by the Company, options, and other dilutive awards are considered to be common stock equivalents and are only included in the calculation of diluted loss per share when their effect is dilutive.

Basic loss per share is calculated using the Company's weighted-average outstanding shares of common stock. Diluted loss per share is calculated using the Company's weighted-average outstanding shares of common stock including the dilutive effect of stock awards as determined under the treasury stock method.

The computation of EPS is as follows:

 

 

Three months ended
September 30,

 

 

Nine months ended
September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator—basic and diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations

 

$

(14,794

)

 

$

(3,613

)

 

$

(25,418

)

 

$

(13,175

)

Loss from discontinued operations, net of tax

 

 

(1,361

)

 

 

(1,681

)

 

 

(2,911

)

 

 

(2,445

)

Net loss

 

$

(16,155

)

 

$

(5,294

)

 

$

(28,329

)

 

 

(15,620

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic shares of common stock (1)

 

 

26,461,344

 

 

 

27,075,637

 

 

 

26,939,805

 

 

 

26,407,849

 

Weighted average shares outstanding - diluted shares of common stock

 

 

26,461,344

 

 

 

27,075,637

 

 

 

26,939,805

 

 

 

26,407,849

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic loss per share attributable to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.56

)

 

$

(0.13

)

 

$

(0.94

)

 

$

(0.50

)

Discontinued operations

 

 

(0.05

)

 

 

(0.06

)

 

 

(0.11

)

 

 

(0.09

)

Total basic loss per share

 

$

(0.61

)

 

$

(0.20

)

 

$

(1.05

)

 

$

(0.59

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per share attributable to common stockholders: (2)

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.56

)

 

$

(0.13

)

 

$

(0.94

)

 

$

(0.50

)

Discontinued operations

 

$

(0.05

)

 

$

(0.06

)

 

$

(0.11

)

 

$

(0.09

)

Total diluted loss per share

 

$

(0.61

)

 

$

(0.20

)

 

$

(1.05

)

 

$

(0.59

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator calculation from basic to diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic shares of common stock (1)

 

 

26,461,344

 

 

 

27,075,637

 

 

 

26,939,805

 

 

 

26,407,849

 

Other dilutive awards

 

 

363,092

 

 

 

532,039

 

 

 

420,733

 

 

 

530,947

 

Weighted average shares outstanding - diluted shares of common stock

 

 

26,824,436

 

 

 

27,607,676

 

 

 

27,360,538

 

 

 

26,938,796

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares excluded from diluted weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

RSUs

 

 

1,290,575

 

 

 

571,659

 

 

 

1,287,120

 

 

 

554,921

 

 

(1) Unvested RSUs are not included as shares outstanding in the calculation of basic earnings per share. Vested RSUs are included in basic earnings per share if all vesting and performance criteria have been met. Performance-based RSUs are included in the number of shares used to calculate diluted earnings per share as long as all applicable performance criteria are met, and their effect is dilutive.

(2) Due to net losses for the three and nine months ended September 30, 2026 and September 30, 2025, diluted loss per share is the same as basic loss per share.