v3.26.1
NET LOSS PER SHARE
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
NET LOSS PER SHARE
9. NET LOSS PER SHARE
The following table summarizes the calculation of basic and diluted net loss per share:
Three Months Ended March 31,
20262025
Net loss attributable to Class A common stockholders basic and diluted$(2,642)$(235)
Weighted average number of shares of Class A common stock - basic28,298,861 27,718,912 
Weighted average number of shares of Class A common stock - diluted28,298,861 27,718,912 
Net loss per share of Class A common stock
Basic$(0.09)$(0.01)
Diluted$(0.09)$(0.01)
The basic loss per share for the three months ended March 31, 2026 and 2025 does not include 1,635,783 shares in treasury and 716,650 shares that are issued and outstanding but are contingent on achieving earnout targets.
Additionally, the diluted loss per share of Class A common stock for the three months ended March 31, 2026 and 2025 does not include redeemable preferred non-controlling interests because the substantive contingency for conversion has not been met as of March 31, 2026. It also excludes redeemable non-controlling interests for the three months ended March 31, 2026 and 2025.
For the periods in which loss per share is presented, the following securities were excluded from the computation of diluted loss per share since their impact would have been antidilutive:
Three Months Ended March 31,
20262025
Stock Options2,355,563 498,661 
Unvested PSUs (1)
2,742,780 2,055,356 
Unvested RSUs5,070,990 4,474,415 
Warrants (2)
2,160,000 — 
OPAL Fuels Class B Units144,399,037 144,399,037 
(1) All unvested PSUs are contingent on achieving performance targets
(2) Includes 720,000 warrants that are subject to forfeiture contingent on obtaining additional funding