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

NET INCOME (LOSS) PER SHARE (Tables)

v3.25.4
NET INCOME (LOSS) PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands except per share amounts):
Year Ended December 31,
2025 2024 2023
EPS Numerator:
Net income (loss) $ 367,024  $ 17,485  $ (25,091)
EPS Denominator—Basic:
Weighted-average common shares outstanding 17,987 17,579 17,401
EPS Denominator—Diluted:
Weighted-average common shares outstanding 17,987  17,579  17,401 
Dilutive effect of stock options, RSUs and shares under Purchase Plan 853  108  — 
Weighted-average shares outstanding and common stock equivalents 18,840  17,687  17,401 
Net income (loss) per share
Basic $ 20.40  $ 0.99  $ (1.44)
Diluted $ 19.48  $ 0.99  $ (1.44)
Schedule of Antidilutive Securities
The potential shares of common stock that were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive are as follows (in thousands):
Year Ended December 31,
2025 2024 2023
Stock options 1,448 3,391 3,411
RSUs 7 108 186
Total 1,455 3,499 3,597