Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share (Tables)

v3.23.3
Net Loss per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share
The following table provides the computation of basic and diluted net loss per share:
Three Months Ended September 30, Nine Months Ended September 30,
2023 2022 2023 2022
(in thousands, except per share data)
Numerator–basic:
Net loss attributable to Class A common stockholders–basic $ (13,296) $ (11,173) $ (32,311) $ (176,100)
Numerator–diluted:
Net loss attributable to Class A common stockholders–basic $ (13,296) $ (11,173) $ (32,311) $ (176,100)
Effective of dilutive securities:
Shares of Class V common stock (23,993) (54,156) (85,008) (853,125)
Net loss attributable to Class A common stockholders–diluted $ (37,289) $ (65,329) $ (117,319) $ (1,029,225)
Denominator–basic:
Weighted average Class A common shares outstanding–basic 114,198  41,579  88,010  41,579 
Net loss per share attributable to Class A common stockholders–basic $ (0.12) $ (0.27) $ (0.37) $ (4.24)
Denominator–diluted:
Weighted average Class A common shares outstanding–basic 114,198  41,579  88,010  41,579 
Weighted average effect of dilutive securities:
Shares of Class V common stock 198,481  201,457  200,369  199,684 
Weighted average shares outstanding–diluted 312,679  243,036  288,379  241,263 
Net loss per share attributable to Class A common stockholders–diluted $ (0.12) $ (0.27) $ (0.41) $ (4.27)
Schedule of Potentially Dilutive Securities Excluded from the Computation of Diluted Net Loss Per Share The following table presents potentially dilutive securities excluded from the computation of diluted net loss per share for the periods presented because their effect would have been anti-dilutive.
Three Months Ended September 30, Nine Months Ended September 30,
2023 2022 2023 2022
(in thousands)
Stock warrants (1)
81,938  10,819  81,938  10,819 
Stock options (1)
5,867  2,134  5,867  2,134 
Restricted stock units (1)
4,690  —  4,690  — 
Restricted stock awards (1)
250  —  250  — 
Shares of Class V common stock (2)
—  494  —  494 
Total 92,745  13,447  92,745  13,447 
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(1)Represents the number of instruments outstanding at the end of the period. Application of the treasury stock method would reduce this amount if they had a dilutive effect and were included in the computation of diluted net loss per share.
(2)Shares of Class V common stock at the end of the period, including shares tied to unvested Common Units, are considered potentially dilutive shares of Class A common stock under the application of the if-converted method.