Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share

v3.24.1.u1
Net Loss per Share
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Net Loss per Share
The following table provides the computation of basic and diluted net loss per share:
Three Months Ended March 31,
2024 2023
(in thousands, except per share data)
Numerator–basic:
Net loss attributable to Class A common stockholders–basic $ (18,700) $ (9,199)
Numerator–diluted:
Net loss attributable to Class A common stockholders–basic $ (18,700) $ (9,199)
Effective of dilutive securities:
Shares of Class V common stock —  — 
Net loss attributable to Class A common stockholders–diluted $ (18,700) $ (9,199)
Denominator–basic:
Weighted average Class A common shares outstanding–basic 118,887  41,579 
Net loss per share attributable to Class A common stockholders–basic $ (0.16) $ (0.22)
Denominator–diluted:
Weighted average Class A common shares outstanding–basic 118,887  41,579 
Weighted average effect of dilutive securities:
Shares of Class V common stock —  — 
Weighted average shares outstanding–diluted 118,887  41,579 
Net loss per share attributable to Class A common stockholders–diluted $ (0.16) $ (0.22)
Shares of Class V common stock do not share in the earnings or losses of P3 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.
Three Months Ended March 31,
2024 2023
(in thousands)
Stock warrants (1)
81,938 11,248
Stock options (1)
5,547 5,487
RSUs (1)
4,657 — 
Shares of Class V common stock (2)
196,559 201,972
Total 288,701 218,707
__________________
(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.