Basic earnings (loss) per share of Class A common stock and Class D common stock is computed using the two-class method by dividing net earnings (loss) allocated to common stockholders by the weighted-average number of shares of Class A common stock and Class D common stock, respectively, outstanding during the period. Diluted earnings (loss) per share of Class A common stock and Class D common stock is computed using the two-class method by dividing net earnings (loss) allocated to common stockholders by the weighted-average number of shares of Class A common stock and Class D common stock, respectively, outstanding adjusted to give effect to potentially dilutive securities. Diluted EPS was computed using the treasury stock method for Class A RSUs and non-qualified stock options, and the if-converted method for Class B and Class C common stock.


	Three Months Ended						Six Months Ended
	June 30, 2026						June 30, 2026
	Class A		Class D		Total		Class A		Class D		Class A


Net loss allocated to common stockholders	$	(4,533)	$	—	$	(4,533)	$	(37,934)	$	(4,086)	$	(42,020)





Weighted average shares - basic	231,643,671		—		231,643,671		207,899,384		22,390,770		230,290,154

Loss per share - basic	$	(0.02)	$	—	$	(0.02)	$	(0.18)	$	(0.18)	$	(0.18)











Weighted average shares - diluted	231,643,671		—		231,643,671		207,899,384		22,390,770		230,290,154

Loss per share - diluted	$	(0.02)	$	—	$	(0.02)	$	(0.18)	$	(0.18)	$	(0.18)


	Three Months Ended						Six Months Ended
	June 30, 2025						June 30, 2025
	Class A		Class D		Total		Class A		Class D		Total


Net loss allocated to common stockholders	$	(7,141)	$	(6,247)	$	(13,388)	$	(18,532)	$	(16,751)	$	(35,283)





Weighted average shares - basic	110,921,524		97,026,671		207,948,195		107,343,711		97,026,671		204,370,382

Loss per share - basic	$	(0.06)	$	(0.06)	$	(0.06)	$	(0.17)	$	(0.17)	$	(0.17)







Weighted average shares - diluted	110,921,524		97,026,671		207,948,195		107,343,711		97,026,671		204,370,382
Loss per share - diluted	$	(0.06)	$	(0.06)	$	(0.06)	$	(0.17)	$	(0.17)	$	(0.17)

The potential dilutive effect of the exchange of Class B common stock or Class C common stock for Class A common stock is evaluated under the if-converted method. Reallocation of net income or loss attributable to the dilutive impact of the exchange for Class A common stock was tax-effected using the combined federal and state rate (less federal benefit) of 0.2% and 24.7% for the three months ended June 30, 2026 and 2025, respectively, and 0.3% and 25.4%, for the six months ended June 30, 2026 and 2025, respectively. The potential dilutive effect of stock options and restricted stock units is evaluated under the treasury stock method. The following table summarizes the shares that were anti-dilutive and excluded from the computation of diluted earnings (loss) per share for the presented periods.


	Three Months Ended		Six Months Ended
	June 30, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Class B and Class C common stock	106,139,515	121,881,530	106,173,474	124,561,094
Stock options and restricted stock units(1)	15,512,173	22,164,715	13,370,531	15,741,631
Total	121,651,688	144,046,245	119,544,005	140,302,725