| Schedule of Income (Loss) per Share |
The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except unit/share and per unit/share amounts, unaudited):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2024 |
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2023 |
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2024 |
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2023 |
| Numerator: |
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| Net income (loss) |
$ |
(1,374) |
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$ |
(14,665) |
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$ |
482 |
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$ |
(31,986) |
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| Less: Net income (loss) attributable to non-controlling interests |
(892) |
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(10,437) |
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415 |
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(22,958) |
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| Net income (loss) attributable to Class A Common Stock - basic and diluted |
$ |
(482) |
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$ |
(4,228) |
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$ |
67 |
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$ |
(9,028) |
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| Denominator: |
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| Weighted-average shares of Class A Common Stock outstanding - Basic |
68,209,081 |
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58,741,717 |
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67,260,724 |
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58,607,290 |
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| Weighted-average effect of dilutive securities: |
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| Options |
— |
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16,411 |
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| RSUs |
— |
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— |
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489,278 |
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— |
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| Incentive Units |
— |
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564,971 |
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| Employee Stock Purchase |
— |
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— |
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1,876 |
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— |
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| Weighted-average shares of Class A Common Stock outstanding - Diluted |
68,209,081 |
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58,741,717 |
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68,333,260 |
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58,607,290 |
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| Net income (loss) per share attributable to Class A common stockholders, basic |
$ |
(0.01) |
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$ |
(0.07) |
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$ |
— |
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$ |
(0.15) |
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| Net income (loss) per share attributable to Class A common stockholders, diluted |
$ |
(0.01) |
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$ |
(0.07) |
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$ |
— |
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$ |
(0.15) |
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| Schedule of Antidilutive Securities |
The Company excluded the following potentially dilutive securities, presented based on amounts outstanding at each period end, from the computation of diluted net income (loss) per share attributable to Class A common shareholders because including them would have had an antidilutive effect:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2024 |
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2023 |
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2024 |
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2023 |
| Stock options |
5,407,036 |
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2,608,905 |
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5,207,383 |
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2,608,905 |
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| Common Units |
142,568,263 |
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151,044,097 |
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142,568,263 |
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151,044,097 |
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| RSUs |
2,407,540 |
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1,762,189 |
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271,124 |
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1,762,189 |
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| PSUs |
8,462,412 |
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8,462,412 |
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8,462,412 |
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8,462,412 |
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| Incentive Units |
1,187,537 |
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14,210 |
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1,187,537 |
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14,210 |
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| Employee Stock Purchase |
72,716 |
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95,309 |
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— |
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95,309 |
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| Total units excluded from computation of diluted net income (loss) per share |
160,105,504 |
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163,987,122 |
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157,696,719 |
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163,987,122 |
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