Net Loss Per Common Share

3 Months Ended

Mar. 31, 2024

18.

NET LOSS PER COMMON SHARE

The computation of basic and diluted net loss per common share is based on net loss attributable to Biote stockholders divided by the basic and diluted weighted average number of shares of Class A common stock outstanding. The following table sets forth the computation of net loss per common share:


	Three Months Ended March 31,
(in thousands, except share and per share data)	2024			2023
Net loss per common share
Numerator:
Net loss attributable to biote Corp. stockholders (basic and diluted)	$	(2,070	)	$	(6,805	)
Denominator:
Weighted average shares outstanding - basic		34,621,166			17,585,045
Effect of dilutive securities		—			—
Weighted average shares outstanding - diluted		34,621,166			17,585,045
Net loss per common share
Basic	$	(0.06	)	$	(0.39	)
Diluted	$	(0.06	)	$	(0.39	)

Net loss per common share information for the three months ended March 31, 2024 and 2023 reflects only the net loss attributable to holders of Biote’s Class A common stock, as well as both basic and diluted weighted average Class A common stock outstanding. Net loss per common share is not separately presented for Class V voting stock because it has no economic rights to the income or loss of the Company. Class V voting stock is considered in the calculation of dilutive net loss per common share on an if-converted basis as these shares, together with the related non-controlling interests, have redemption rights into Class A common stock that could result in additional Class A common stock being issued. All other potentially dilutive securities are determined based on the treasury stock method.

The Company excluded the following potential shares, presented based on amounts outstanding at each period end, from the computation of diluted weighted average shares outstanding for the periods indicated because including them would have had an antidilutive effect:


	Three Months Ended March 31,
	2024		2023
RSUs		288,473		1,196,632
Stock Options		8,427,406		5,026,279
Class V Voting Stock		28,819,066		40,612,566
Public Warrants		—		8,116,643
Private Placement Warrants		—		5,387,489
Earnout Voting Shares		10,000,000		10,000,000
Sponsor Earnout Shares		1,587,500		1,587,500
		49,122,445		71,927,109