Earnings Per Share

3 Months Ended

Mar. 31, 2026

The Company computes earnings per share of common stock using the two-class method required for participating securities. The participating securities did not impact the computation of earnings per share in the periods presented as no dividends were declared and the participating securities are not contractually obligated to share in losses.

The Company has two classes of common stock with identical liquidation and dividend rights, Class A and Class B. The net loss is allocated in a proportionate basis to each class of common stock and results in the same net loss per share.

The following table presents the potential common stock outstanding excluded from the computation of diluted loss per share because including them would have had an antidilutive effect (in millions):


	As of
	March 31, 2026	March 31, 2025
RSUs	130	100
Stock options	87	110
Public warrants	12	12
Private placement warrants	9	9
Earnout shares liability	5	5
Total	243	236