v3.26.1
NET INCOME (LOSS) PER SHARE
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE
7. NET INCOME (LOSS) PER SHARE
Basic net income (loss) per share has been computed by dividing net income (loss) by the weighted average number of shares of Class A Common Stock outstanding for the same period. Diluted net income (loss) per share was computed by dividing net income (loss) by the weighted-average number of shares of Class A Common Stock outstanding adjusted to give effect to potentially dilutive securities.
The following table sets forth the computation of net income (loss) used to compute basic and diluted net income (loss) per share of Class A Common Stock for the three and six months ended June 30, 2026 and June 30, 2025.
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Basic and diluted:
Net income (loss)
$
50.3 
$
(26.1)
$
(184.7)
$
(4.6)
Plus: adjustment due to net effect of equity awards and warrant revaluation to net income (loss)
— 
— 
— 
— 
Net income (loss), after adjustment
$
50.3 
$
(26.1)
$
(184.7)
$
(4.6)
Weighted average common shares outstanding used in computing net income (loss) per share - basic
289,863,943 
102,321,754 
279,983,642 
102,181,462 
Plus: effect of dilutive equity awards
2,486,887 
— 
— 
— 
Weighted average common shares outstanding used in computing net income (loss) per share - diluted
292,350,830 
102,321,754 
279,983,642 
102,181,462 
Net income (loss) per share-basic
$
0.17 
$
(0.26)
$
(0.66)
$
(0.05)
Net income (loss) per share-diluted
$
0.17 
$
(0.26)
$
(0.66)
$
(0.05)
Securities that could potentially be dilutive are excluded from the computation of diluted earnings per share when the exercise price exceeds the average closing price of the Company’s Class A Common Stock during the period, because their inclusion would result in an antidilutive effect on per share amounts. All outstanding and unvested stock‑based compensation awards under the Equity Plan, including those attributable to GPGI Holdings and Contractors are included in the diluted earnings per share denominator.
The following securities were not included in the calculation of net income (loss) per diluted share because their effects were anti-dilutive:
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Potentially dilutive securities:
Warrants
— 
21,989,079 
— 
21,989,079 
Earnout consideration shares
— 
4,386,097 
— 
4,386,097 
Equity awards
7,885,903 
3,283,566 
5,605,279 
1,936,232