| Schedule of Net 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 March 31, |
|
2025 |
|
2024 |
| Numerator: |
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|
|
| Net income (loss) |
$ |
(7,846) |
|
|
$ |
1,855 |
|
| Less: Net income (loss) attributable to non-controlling interests |
(4,958) |
|
|
1,307 |
|
| Net income (loss) attributable to Class A Common Stock - basic and diluted |
$ |
(2,888) |
|
|
$ |
548 |
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|
|
|
| Denominator: |
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|
|
| Weighted-average shares of Class A Common Stock outstanding - Basic |
78,411,354 |
|
|
66,312,366 |
|
| Weighted-average effect of dilutive securities: |
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|
|
|
|
|
| RSUs |
— |
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|
283,453 |
|
|
|
|
|
| ESPP |
— |
|
|
1,807 |
|
| Weighted-average shares of Class A Common Stock outstanding - Diluted |
78,411,354 |
|
|
66,597,626 |
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|
|
|
|
Net income (loss) per share attributable to Class A common stockholders, basic and diluted |
$ |
(0.04) |
|
|
$ |
0.01 |
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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 stockholders because including them would have had an antidilutive effect:
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Three Months Ended March 31, |
|
2025 |
|
2024 |
| Stock options |
8,866,164 |
|
|
5,557,636 |
|
| Common Units |
134,536,464 |
|
|
145,079,865 |
|
| RSUs |
3,700,613 |
|
|
287,420 |
|
| PSUs |
8,462,412 |
|
|
8,462,412 |
|
| Incentive Units (Share Equivalents) |
1,221,857 |
|
|
1,237,892 |
|
| ESPP |
114,868 |
|
|
76,476 |
|
| Total units excluded from computation of diluted net income (loss) per share |
156,902,378 |
|
|
160,701,701 |
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