Annual report pursuant to Section 13 and 15(d)

Net Loss per Share

v3.24.1
Net Loss per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Loss per Share
Note 15: Net Loss per Share
The following table provides the computation of basic and diluted net loss per share:
Year Ended December 31,
2023 2022
(in thousands, except per share data)
Numerator–basic:
Net loss attributable to Class A common stockholders–basic $ (57,773) $ (270,127)
Numerator–diluted:
Net loss attributable to Class A common stockholders–basic $ (57,773) $ (270,127)
Effective of dilutive securities:
Shares of Class V common stock (128,653) — 
Net loss attributable to Class A common stockholders–diluted $ (186,426) $ (270,127)
Denominator–basic:
Weighted average Class A common shares outstanding–basic 94,889  41,579 
Net loss per share attributable to Class A common stockholders–basic $ (0.61) $ (6.50)
Denominator–diluted:
Weighted average Class A common shares outstanding–basic 94,889  41,579 
Weighted average effect of dilutive securities:
Shares of Class V common stock 199,701  — 
Weighted average shares outstanding–diluted 294,590  41,579 
Net loss per share attributable to Class A common stockholders–diluted $ (0.63) $ (6.50)
Shares of Class V common stock do not share in the earnings or losses of P3 Health Partners, Inc. and are therefore not participating securities. As such, separate presentation of basic and diluted net income per share for Class V common stock under the two-class method is not required. 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.
Year Ended December 31,
2023 2022
(in thousands)
Stock warrants (1)
81,938 11,248
Stock options (1)
5,837 3,402
RSUs (1)
4,835 — 
Shares of Class V common stock (2)
—  201,972
Total 92,610 216,622
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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 application of the if-converted method.