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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue $ 93,132 $ 64,824 $ 258,903 $ 166,390
Cost of revenue (including depreciation of $402 and $1,283 in 2021, and $520 and $1,390 in 2022 respectively) 62,959 42,394 167,669 110,106
Gross margin 30,173 22,430 91,234 56,284
General and administrative (including equity-based compensation of $1,872 and $2,847 in 2021, and $2,596 and $5,429 in 2022 respectively) 16,934 15,530 50,878 37,188
Sales and marketing 9,438 7,856 30,641 19,105
Operations 10,351 6,457 31,204 17,336
Technology and development 3,778 1,177 9,462 2,957
Depreciation and amortization 812 593 2,165 1,876
Interest, net (125) (64) 207 483
Warrant fair value (gains) losses (3,518)   3,026 456
Gain on forgiveness of debt       (9,518)
Other income, net (447)   (447)  
Loss and comprehensive loss before income taxes (7,050) (9,119) (35,902) (13,599)
Income tax expense 202   589  
Net loss and comprehensive loss (7,252) (9,119) (36,491) (13,599)
Net loss and comprehensive loss attributable to noncontrolling interests (Note 16) 4,147   19,017  
Net loss and comprehensive loss attributable to Inspirato Incorporated $ (3,105) $ (9,119) $ (17,474) $ (13,599)
Basic weighted average common units and class A shares outstanding 55,192 105,503 50,015 105,503
Diluted weighted average common units and class A shares outstanding 55,192 105,503 50,015 105,503
Basic net loss attributable to Inspirato Incorporated per common unit and class A share $ (0.06) $ (0.09) $ (0.35) $ (0.13)
Diluted net loss attributable to Inspirato Incorporated per common unit and class A share $ (0.06) $ (0.09) $ (0.35) $ (0.13)
Class A Common Stock        
Basic weighted average common units and class A shares outstanding 55,192 105,503 50,015 105,503
Diluted weighted average common units and class A shares outstanding 55,192 105,503 50,015 105,503