Net Loss per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The calculation of basic and diluted earnings per common share are as follows (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Numerator:
Net loss, basic	$	(217,181)	$	(173,315)	$	(383,092)	$	(378,284)
Change in fair value of contingent consideration common shares liability	184		—		302		—
Net loss, diluted	$	(217,365)	$	(173,315)	$	(383,394)	$	(378,284)
Denominator:
Weighted average common shares outstanding, basic	2,054,801		1,933,437		2,029,630		1,924,251
Effect of dilutive securities:
Contingent consideration common shares	223		—		223		—
Weighted average common shares outstanding, diluted	2,055,024		1,933,437		2,029,853		1,924,251
Basic net loss per share	$	(0.11)	$	(0.09)	$	(0.19)	$	(0.20)
Diluted net loss per share	$	(0.11)	$	(0.09)	$	(0.19)	$	(0.20)

Summary of Anti-Dilutive Shares

The following potential common shares, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net loss per share for the periods presented because including them would have been anti-dilutive (in thousands):

	As of June 30, 2024	As of June 30, 2023
Unvested RSUs	219,177	184,236
Earnout shares (1)	152,021	152,318
Warrants to purchase Class A common stock	51,825	51,825
Outstanding stock options	28,203	11,796
Escrow shares (2)	997	—
	452,223	400,175

(1)Represents earnout shares for which the service-based and/or market-based vesting conditions have not been satisfied.

(2)Represents restricted common stock issued in connection with asset acquisitions, held in escrow for indemnification purposes, and subject to forfeiture.