Basic earnings per share (“EPS”) is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted EPS is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding plus the dilutive effect, if any, of outstanding equity awards using the treasury stock method which includes consideration of unrecognized compensation expenses as additional proceeds.

Basic and diluted net loss attributable to the Class A common stockholders was calculated as follows:


	Three Months Ended March 31,
	2025			2024
Numerator:
Net loss	$	(18,843	)	$	(2,100	)
Accretion of redeemable convertible preferred stock to redemption value		(121	)		—
Cumulative dividend on redeemable convertible preferred stock		(2,627	)		—
Net loss attributable to common stockholders	$	(21,591	)	$	(2,100	)
Denominator:
Weighted-average common shares outstanding — basic and diluted		126,295,642			131,861,772
Net loss per share—basic and diluted	$	(0.17	)	$	(0.02	)

The Company’s potentially dilutive securities include restricted stock units and stock options to purchase shares of Class A common stock. As the Company had a net loss in the periods presented, the potentially dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be anti-dilutive. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same for these periods. For the three months ended March 31, 2025 and 2024, the Company excluded 4,641,295 and 1,542,861 potential shares of Class A common stock, respectively, presented based on the diluted effects of options and restricted stock units outstanding at each period end, from the computation of diluted net loss per share attributable to the common stockholders for these periods. For the three months ended March 31, 2025 and 2024, 25,358,022 and 0 shares of common stock available upon conversion of Convertible Preferred Stock, respectively, were excluded from the diluted EPS calculation as they were anti-dilutive.