| Earnings (Loss) Per Share |
Earnings (Loss) Per Share The computation of earnings (loss) per share and weighted-average shares of the Company’s Class A common stock outstanding for the periods presented are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income (loss) attributable to common stockholders – basic | $ | (67,610) | | | $ | 157,936 | | | $ | (46,540) | | | $ | 124,072 | | | Loss (gain) on remeasurement of contingent consideration | — | | | (990) | | | — | | | (1,483) | | | Net income (loss) attributable to common stockholders – diluted | $ | (67,610) | | | $ | 156,946 | | | $ | (46,540) | | | $ | 122,589 | | | Denominator: | | | | | | | | | Weighted-average Class A common stock shares outstanding – basic | 496,089 | | | 496,517 | | | 495,234 | | | 494,945 | | Weighted-average diluted impact of options and RSUs (1) | — | | | 19,578 | | | — | | | 21,109 | | Weighted-average diluted impact of contingent consideration (1) | — | | | — | | | — | | | — | | Weighted-average diluted impact of convertible notes (2) | — | | | 13,337 | | | — | | | 13,337 | | Weighted-average diluted impact of warrant liabilities (1) | — | | | 22 | | | — | | | 160 | | | Weighted-average Class A common stock outstanding – diluted | 496,089 | | | 529,454 | | | 495,234 | | | 529,551 | | | | | | | | | | | Basic earnings (loss) per share attributable to common stockholders: | $ | (0.14) | | | $ | 0.32 | | | $ | (0.09) | | | $ | 0.25 | | | Diluted earnings (loss) per share attributable to common stockholders: | $ | (0.14) | | | $ | 0.30 | | | $ | (0.09) | | | $ | 0.23 | |
(1) Calculated using treasury stock method (2) Calculated using if-converted method
There were no preferred or other dividends declared for the three and six months ended June 30, 2026. The below table includes the total securities potentially dilutive for the three and six months ended June 30, 2026 and 2025, which have been excluded from the computation of diluted earnings (loss) per share. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Class A common stock resulting from exercise of all warrants | — | | | 1,074 | | | — | | | 1,074 | | | Stock Options and RSUs | 49,877 | | | 22,964 | | | 49,877 | | | 20,916 | | | Convertible notes | 13,337 | | | — | | | 13,337 | | | — | | | Total | 63,214 | | | 24,038 | | | 63,214 | | | 21,990 | |
The Company has contingent consideration arrangements related to business combinations as disclosed in “Note 3 – Business Combinations.” Certain potential shares associated with these arrangements have been excluded from the computations and tables above as they are contingently issuable, and the contingency to which the issuance relates was not met at the end of the reporting period.
|