| Schedule of Basic and Diluted Net Income (Loss) Per Common Unit |
Basic and diluted net loss per common share was calculated as follows:
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|
Three Months Ended
March 31, |
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2026 |
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|
2025 |
|
Numerator: |
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|
|
|
|
Net loss |
|
$ |
(47,122 |
) |
|
$ |
(37,171 |
) |
Less: Net loss attributable to noncontrolling interest |
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|
(3,930 |
) |
|
|
(2,625 |
) |
Net loss attributable to common stockholders — basic |
|
$ |
(43,192 |
) |
|
$ |
(34,546 |
) |
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|
|
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|
|
|
Net loss attributable to common shares — dilutive |
|
$ |
(43,192 |
) |
|
$ |
(34,546 |
) |
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|
Denominator: |
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|
Weighted average shares outstanding — basic |
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|
207,026,562 |
|
|
|
191,463,848 |
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|
Weighted average common shares outstanding—diluted |
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|
207,026,562 |
|
|
|
191,463,848 |
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|
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|
|
|
Net loss per share attributable to common shares— basic |
|
$ |
(0.21 |
) |
|
$ |
(0.18 |
) |
Net loss per share attributable to common shares— diluted |
|
$ |
(0.21 |
) |
|
$ |
(0.18 |
) |
|
| Schedule of Antidilutive Units Excluded from Computation of Net Loss Per Unit |
The Company excluded the following potential shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to stockholders for the periods indicated as their inclusion would have had an anti-dilutive effect:
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Three Months Ended
March 31, |
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|
2026 |
|
|
2025 |
|
Unvested Restricted stock units |
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|
14,750,701 |
|
|
|
16,601,162 |
|
Convertible Class V common shares |
|
|
15,865,151 |
|
|
|
17,621,247 |
|
Unexercised options |
|
|
4,968 |
|
|
|
150,240 |
|
Earn-out Shares |
|
|
5,000,000 |
|
|
|
5,000,000 |
|
Escrow Shares |
|
|
1,725,000 |
|
|
|
1,725,000 |
|
2027 Convertible notes into Class A common shares |
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|
3,005,259 |
|
|
|
18,497,110 |
|
2029 Convertible notes into Class A common shares |
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|
42,524,208 |
|
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|
42,524,208 |
|
2031 Convertible notes into Class A common shares |
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|
44,045,470 |
|
|
|
— |
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|
|
|
126,920,757 |
|
|
|
102,118,967 |
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