Basic and diluted net loss per share is computed using the two-class method, which allocates earnings to each class of common stock and participating securities based on their respective rights to receive dividends and undistributed earnings. Certain warrants to purchase Class A common stock are considered participating securities because they have the right to participate in distributions with common shareholders on an as-exercised basis. During periods of net loss, participating securities are not allocated losses as they are not contractually obligated to share in such losses. The Company has elected to allocate earnings based on loss from operations. For periods in which the Company reports a net loss, all potentially dilutive securities are anti-dilutive. Accordingly, basic and diluted weighted-average shares outstanding are the same for the periods presented.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net loss	$	(8,613)	$	(7,390)	$	(17,981)	$	(15,996)
Less: Net income attributable to noncontrolling interests	—		(278)		—		(475)







Net loss attributable to common shareholders for basic and diluted earnings per share	$	(8,613)	$	(7,668)	$	(17,981)	$	(16,471)

Denominator:
Weighted-average shares of common stock outstanding - basic and diluted	82,586		79,719		82,126		77,100








Earnings per share of common stock attributable to common shareholders:
Net loss per share attributable to common shareholders - basic and diluted	$	(0.10)	$	(0.10)	$	(0.22)	$	(0.21)

The following items were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive. Restricted stock awards excluded from the calculation include 474,302 shares underlying awards that vested but were not issued due to the Company's inability to fund the employee tax withholding obligations associated with such awards.


	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands)	2026	2025	2026	2025


Option agreement shares	—	1,860	—	4,441

Restricted stock awards	1,103	450	1,102	427
Total anti-dilutive shares	1,103	2,310	1,102	4,868