Net Loss per Share

6 Months Ended

Jun. 30, 2026

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,
	2026		2025		2026		2025
Numerator:
Net loss attributable to common stockholders ($ in millions)	$	(43.4)	$	(43.9)	$	(79.2)	$	(106.3)
Denominator:
Weighted average common shares outstanding - basic and diluted	76,983,877		73,433,379		76,647,656		73,178,708
Net loss per share attributable to common stockholders - basic and diluted	$	(0.56)	$	(0.60)	$	(1.03)	$	(1.45)

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.


	June 30,
		2026	2025
Options to purchase common stock		6,786,537	7,896,415
Unvested restricted stock		5,324,753	3,834,992
Warrants for common stock (1)		—	412,969
Total		12,111,290	12,144,376

(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. These warrants expired on February 9, 2026.