| Net Loss Per Share |
Net Loss Per Share
The following table sets forth the computation of basic and diluted net loss per share (in thousands, except unit/share and per unit/share amounts, unaudited):
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
2026 |
|
2025 |
| Numerator: |
|
|
|
| Net income (loss) |
$ |
46 |
|
|
$ |
(7,846) |
|
| Less: Net income (loss) attributable to non-controlling interest |
61 |
|
|
(4,958) |
|
Net loss attributable to Class A Common Stock - basic and diluted |
$ |
(15) |
|
|
$ |
(2,888) |
|
|
|
|
|
| Denominator: |
|
|
|
Weighted-average shares of Class A Common Stock outstanding |
115,397,311 |
|
|
78,411,354 |
|
|
|
|
|
Net income (loss) per share attributable to Class A common stockholders, basic and diluted |
$ |
0.00 |
|
|
$ |
(0.04) |
|
The Company excluded the following potentially dilutive securities, presented based on amounts outstanding at each period end, from the computation of diluted net 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 March 31, |
|
2026 |
|
2025 |
| Stock Options |
8,551,937 |
|
|
8,866,164 |
|
| Common Units |
132,645,046 |
|
|
134,536,464 |
|
| RSUs |
7,810,128 |
|
|
3,700,613 |
|
| PSUs |
10,410,866 |
|
|
8,462,412 |
|
| Incentive Units (Share Equivalents) |
1,221,857 |
|
|
1,221,857 |
|
Employee Stock Purchase Plan |
121,649 |
|
|
114,868 |
|
| Total units excluded from computation of diluted net loss per share |
160,761,483 |
|
|
156,902,378 |
|
|