Annual report [Section 13 and 15(d), not S-K Item 405]

Net Loss per Share (Tables)

v3.25.1
Net Loss per Share (Tables)
 12 Months Ended
Dec. 31, 2024
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,
2024 2023
(in thousands, except per share data)
Numerator–basic:
Net loss attributable to Class A common stockholders–basic $ (135,849) $ (57,773)
Numerator–diluted:
Net loss attributable to Class A common stockholders–basic $ (135,849) $ (57,773)
Effective of dilutive securities:
Shares of Class V common stock —  (128,653)
Liability-classified warrants (23,078) — 
Net loss attributable to Class A common stockholders–diluted $ (158,927) $ (186,426)
Denominator–basic:
Weighted average Class A common shares outstanding–basic 145,175  94,889 
Net loss per share attributable to Class A common stockholders–basic $ (0.94) $ (0.61)
Denominator–diluted:
Weighted average Class A common shares outstanding–basic 145,175  94,889 
Weighted average effect of dilutive securities:
Shares of Class V common stock —  199,701 
Liability-classified warrants 1,823  — 
Weighted average shares outstanding–diluted 146,998  294,590 
Net loss per share attributable to Class A common stockholders–diluted $ (1.08) $ (0.63)
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,
2024 2023
(in thousands)
Stock warrants (1)
179,125  81,938
Stock options (1)
19,517  5,837
Restricted stock units (1)
8,087  4,835 
Shares of Class V common stock (2)
195,957  — 
Total 402,686  92,610
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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 are considered potentially dilutive shares of Class A common stock under application of the if-converted method in 2023 and antidilutive in 2024.