P3 Health Partners Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share (Tables)

Net Loss per Share (Tables)

3 Months Ended

Mar. 31, 2024

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 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)

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.


	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

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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.