| 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:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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(in thousands, except per share data) |
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| Numerator–basic: |
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| Net loss attributable to Class A common stockholders–basic |
$ |
(46,512) |
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$ |
(13,296) |
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$ |
(77,232) |
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$ |
(32,311) |
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| Numerator–diluted: |
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| Net loss attributable to Class A common stockholders–basic |
$ |
(46,512) |
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$ |
(13,296) |
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$ |
(77,232) |
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$ |
(32,311) |
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| Effective of dilutive securities: |
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| Shares of Class V common stock |
— |
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(23,993) |
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— |
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(85,008) |
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| Liability-classified warrants |
(5,196) |
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— |
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(13,974) |
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— |
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| Net loss attributable to Class A common stockholders–diluted |
$ |
(51,708) |
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$ |
(37,289) |
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$ |
(91,206) |
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$ |
(117,319) |
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| Denominator–basic: |
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| Weighted average Class A common shares outstanding–basic |
161,890 |
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114,198 |
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139,292 |
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88,010 |
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| Net loss per share attributable to Class A common stockholders–basic |
$ |
(0.29) |
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$ |
(0.12) |
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$ |
(0.55) |
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$ |
(0.37) |
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| Denominator–diluted: |
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| Weighted average Class A common shares outstanding–basic |
161,890 |
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114,198 |
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139,292 |
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88,010 |
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| Weighted average effect of dilutive securities: |
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| Shares of Class V common stock |
— |
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198,481 |
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— |
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200,369 |
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| Liability-classified warrants |
2,811 |
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— |
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2,431 |
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— |
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| Weighted average shares outstanding–diluted |
164,701 |
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312,679 |
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141,723 |
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288,379 |
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| Net loss per share attributable to Class A common stockholders–diluted |
$ |
(0.31) |
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$ |
(0.12) |
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$ |
(0.64) |
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$ |
(0.41) |
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| 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.
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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(in thousands) |
Stock warrants (1)
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107,718 |
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81,938 |
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107,718 |
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81,938 |
Stock options (1)
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22,037 |
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5,867 |
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22,037 |
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5,867 |
Restricted stock units (1)
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9,497 |
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4,690 |
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9,497 |
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4,690 |
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Restricted stock awards (1)
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— |
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250 |
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— |
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250 |
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Shares of Class V common stock (2)
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195,957 |
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— |
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195,957 |
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— |
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| Total |
335,209 |
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92,745 |
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335,209 |
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92,745 |
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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.
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