Loss Per Share
The following participating securities have been excluded from the computation of diluted loss per share for the periods presented because including them would have been anti-dilutive:
Year Ended
(In thousands)December 31,
2025
December 31,
2024
Stock options and restricted stock units issued and outstanding10,206 10,563 
Warrants to purchase common stock2,655 2,779 
Common stock issuable in connection with convertible senior notes1,240 2,483 
Total14,101 15,825 

Historical Timeline

Fiscal YearFiled
2025Apr 15, 2026Showing above
2024Apr 1, 2025
2023Apr 1, 2024
2022Mar 16, 2023
2021Mar 17, 2022

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.