Annual report pursuant to Section 13 and 15(d)

Net Loss per Share (Tables)

v3.24.1
Net Loss per Share (Tables)
 12 Months Ended
Dec. 31, 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:
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)
Schedule of potential dilutive securities excluded from the computation of diluted net loss per share their effect would have been anti-dilutive 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.