v3.26.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Share
Note 20. Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the periods indicated:
Year ended December 31,
(in thousands, except per share data)202520242023
Basic and diluted:
Net income (loss) attributable to Greenbacker Renewable Energy Company LLC$(194,645)$(242,300)$(79,471)
Weighted average common shares outstanding used in computing net loss per share—basic199,383199,313199,293
Weighted average common shares outstanding used in computing net loss per share—diluted199,383199,313199,293
Net income (loss) per share—basic$(0.98)$(1.22)$(0.40)
Net income (loss) per share—diluted$(0.98)$(1.22)$(0.40)
Securities that could potentially be dilutive are excluded from the computation of diluted loss per share when a loss from continuing operations exists because their inclusion would result in an anti-dilutive effect on per share amounts.
The effect of 5.4 million, 4.9 million, and 1.4 million shares related to the Company’s share-based compensation awards for the years ended December 31, 2025, 2024 and 2023, respectively, were excluded from the calculation of diluted earnings per share as the effect of such shares would have been anti-dilutive.
Note 16. Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the periods indicated:
Three months ended
March 31,
(in thousands, except per share data)20262025
Basic and diluted:
Net loss attributable to Greenbacker Renewable Energy Company LLC$(27,326)$(15,586)
Weighted average common shares outstanding used in computing net loss per share—basic199,387199,333
Weighted average common shares outstanding used in computing net loss per share—diluted199,387199,333
Net income (loss) per share—basic$(0.14)$(0.08)
Net income (loss) per share—diluted$(0.14)$(0.08)
Securities that could potentially be dilutive are excluded from the computation of diluted loss per share when a loss from continuing operations exists because their inclusion would result in an anti-dilutive effect on per share amounts.
The effect of 5.1 million and 4.4 million shares related to the Company’s share-based compensation awards for the three months ended March 31, 2026 and 2025, respectively, were excluded from the calculation of diluted earnings per share as the effect of such shares would have been anti-dilutive.