Net Loss per Share

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Net Loss per Share

Net Loss per Share

Basic and diluted net loss per share attributable to common stockholders was calculated as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator:
Net loss attributable to common stockholders ($ in millions)	$	(43.9)	$	(57.2)	$	(106.3)	$	(104.5)
Denominator:
Weighted average common shares outstanding — basic and diluted	73,433,379		70,721,227		73,178,708		70,502,856
Net loss per share attributable to common stockholders — basic and diluted	$	(0.60)	$	(0.81)	$	(1.45)	$	(1.48)

The Company’s potentially dilutive securities, which include stock options, unvested RSUs and warrants for common stock, have been excluded from the computation of diluted net loss per share as the effect would be anti-dilutive. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect.

	Six Months Ended June 30,
	2025	2024
Options to purchase common stock	7,896,415	9,988,565
Unvested restricted stock	3,834,992	4,329,050
Warrants for common stock (1)	412,969	412,969
Total	12,144,376	14,730,584

(1) Each outstanding warrant of Metromile assumed by the Company converted automatically into warrants denominated in the Company's common stock with the number of warrants and exercise price adjusted based on the exchange ratio of 0.05263.