| Summary of Basic and Diluted Earnings Per Common Share Calculations |
The following table summarizes the basic and diluted earnings per common share calculations:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
(in thousands, except share and per share amounts) |
|
2026 |
|
|
2026 |
|
Basic: |
|
|
|
|
|
|
Net loss |
|
$ |
(67,719 |
) |
|
$ |
(84,931 |
) |
Less: Net loss applicable to pre-IPO period |
|
|
(52,836 |
) |
|
|
(70,048 |
) |
Post-IPO Net loss |
|
|
(14,883 |
) |
|
|
(14,883 |
) |
Less: Net loss attributable to noncontrolling interest |
|
|
(11,900 |
) |
|
|
(11,900 |
) |
Net loss attributable to ERock, Inc. |
|
|
(2,983 |
) |
|
|
(2,983 |
) |
Less: Deemed dividend related to Series A preferred shares |
|
|
— |
|
|
|
— |
|
Net loss attributable to common shares - Basic |
|
|
(2,983 |
) |
|
|
(2,983 |
) |
Weighted average number of common shares outstanding - Basic |
|
|
48,174,023 |
|
|
|
48,174,023 |
|
Basic net loss per common share |
|
$ |
(0.06 |
) |
|
$ |
(0.06 |
) |
Diluted: |
|
|
|
|
|
|
Net loss attributable to common shares - Basic |
|
$ |
(2,983 |
) |
|
$ |
(2,983 |
) |
Net loss available to common shareholders - Diluted |
|
|
(2,983 |
) |
|
|
(2,983 |
) |
Weighted average number of common shares outstanding - Basic |
|
|
48,174,023 |
|
|
|
48,174,023 |
|
Add: Potentially dilutive securities |
|
|
|
|
|
|
Restricted Stock Shares - 2026 Equity Incentive Plan |
|
Anti-dilutive |
|
|
Anti-dilutive |
|
Class B Common Stock |
|
Anti-dilutive |
|
|
Anti-dilutive |
|
Class M Units (Class A equivalent) |
|
Anti-dilutive |
|
|
Anti-dilutive |
|
Weighted average number of common shares outstanding - Diluted |
|
|
48,174,023 |
|
|
|
48,174,023 |
|
Diluted net loss per common share |
|
$ |
(0.06 |
) |
|
$ |
(0.06 |
) |
|
| Summary of Potentially Dilutive Securities were Excluded from Diluted Weighted Average Share Calculation |
The following potentially dilutive securities were excluded from the diluted weighted average share calculation because their effect would have been anti-dilutive given the Company’s net loss position:
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|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2026 |
|
Restricted Stock Shares - 2026 Equity Incentive Plan |
|
|
1,028,417 |
|
|
|
1,028,417 |
|
Class B Common Stock |
|
|
171,226,057 |
|
|
|
171,226,057 |
|
Class M Units (Class A equivalent) |
|
|
52,372,703 |
|
|
|
52,372,703 |
|
|