| Schedule of Earnings Per Share, Basic and Diluted |
The following table presents the computation of basic and diluted net loss per share of Class A common stock for the three months ended March 31, 2026 and 2025 (in thousands, except share and per share data):
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2026 |
|
|
2025 |
|
Numerator—basic |
|
|
|
|
|
|
Net loss |
|
$ |
(14,631 |
) |
|
$ |
(9,788 |
) |
Less: net loss attributable to redeemable noncontrolling interests |
|
|
— |
|
|
|
3,846 |
|
Net loss attributable to Class A common stockholders—basic |
|
|
(14,631 |
) |
|
|
(5,942 |
) |
Denominator—basic |
|
|
|
|
|
|
Weighted average Class A common stock outstanding—basic |
|
|
10,815,704 |
|
|
|
6,645,011 |
|
Net loss per Class A common stock—basic |
|
$ |
(1.35 |
) |
|
$ |
(0.89 |
) |
|
|
|
|
|
|
|
Numerator—diluted |
|
|
|
|
|
|
Net loss attributable to Class A common stockholders—basic |
|
$ |
(14,631 |
) |
|
$ |
(5,942 |
) |
Weighted average effect of dilutive securities: |
|
|
|
|
|
|
Redeemable noncontrolling interests |
|
|
— |
|
|
|
(3,916 |
) |
Net loss attributable to Class A common stockholders—diluted |
|
|
(14,631 |
) |
|
|
(9,858 |
) |
Denominator—diluted |
|
|
|
|
|
|
Weighted average Class A common stock outstanding—basic |
|
|
10,815,704 |
|
|
|
6,645,011 |
|
Weighted average effect of dilutive securities: |
|
|
|
|
|
|
Redeemable noncontrolling interests |
|
|
— |
|
|
|
3,811,250 |
|
Weighted average Class A common stock outstanding—diluted |
|
|
10,815,704 |
|
|
|
10,456,261 |
|
Net loss per Class A common stock—diluted |
|
$ |
(1.35 |
) |
|
$ |
(0.94 |
) |
|
| Summary of Potentially Dilutive Securities |
The following table presents the number of shares of common stock issuable under securities that were excluded from the computation of diluted net loss per share of Class A common stock for the three months ended March 31, 2026 and 2025 and could potentially dilute earnings per share in the future:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2026 |
|
|
2025 |
|
RSUs |
|
|
672,725 |
|
|
|
94,002 |
|
Stock Options |
|
|
388,181 |
|
|
|
375,603 |
|
Public Warrants |
|
|
338,342 |
|
|
|
338,342 |
|
Private Warrants |
|
|
325,989 |
|
|
|
325,989 |
|
Exercise Warrants |
|
|
1,700,000 |
|
|
|
1,700,000 |
|
Intermediate Warrants |
|
|
— |
|
|
|
200,000 |
|
Amended Intermediate Warrants |
|
|
200,000 |
|
|
|
— |
|
|