v3.25.2
Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

Note 9. Earnings (Loss) Per Share

Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share adjusts basic earnings per share for the potentially dilutive impact of stock options. As the Company has reported a loss for the three and six months ended June 30, 2025 and 2024, potentially dilutive securities are antidilutive and accordingly, basic net loss per share equals diluted net loss per share.

The following table sets forth the computation of basic and diluted loss per Class A Common Stock and Class B Common Stock (amounts in thousands, except per share amounts):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(114,698

)

 

$

(122,975

)

 

$

(229,121

)

 

$

(243,623

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average Class A and Class B Common Stock outstanding - Basic and Diluted

 

 

561,698

 

 

 

501,232

 

 

 

554,890

 

 

 

498,688

 

Net loss per share attributable to Class A and Class B Common stockholders - Basic and Diluted

 

$

(0.20

)

 

$

(0.25

)

 

$

(0.41

)

 

$

(0.49

)

Basic and diluted earnings per share was the same for each period presented as the inclusion of all potential Class A Common Stock and Class B Common Stock outstanding would have been anti-dilutive.

The following table presents the potential common stock outstanding that was excluded from the computation of diluted net loss per share of common stock as of the periods presented because including them would have been antidilutive (amounts in thousands):

 

 

 

As of June 30,

 

 

 

2025

 

 

2024

 

Options

 

 

9,836

 

 

 

30,969

 

RSUs

 

 

37,102

 

 

 

31,668

 

PSUs

 

 

9,734

 

 

 

15,172

 

Total

 

 

56,672

 

 

 

77,809