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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenue $ 42,476 $ 39,867 $ 76,717 $ 70,834
Operating expenses:        
Platform operations 20,854 18,263 38,626 33,151
Sales and marketing 11,083 8,422 21,413 16,480
Technology and development 4,153 2,670 8,438 5,133
General and administrative 5,103 7,977 10,704 10,114
Total operating expenses 41,193 37,332 79,181 64,878
Income (loss) from operations 1,283 2,535 (2,464) 5,956
Interest expense, net (47) (610) (156) (1,210)
Gain on change in fair value of Seller's Earn-Out 37,419 0 12,763 0
Gain on change in fair value of warrants 18,523 0 2,587 0
Gain on deconsolidation of SymetryML 0 0 1,939 0
Loss on change in fair value of SAFE Notes 0 0 (788) 0
Loss on fair value of investment in SymetryML Holdings (10) 0 (10) 0
Other (expense) income, net (1) 20 (19) 20
Total other income (expense), net 55,884 (590) 16,316 (1,190)
Net income before benefit (provision) for income taxes 57,167 1,945 13,852 4,766
Benefit (provision) for income taxes 610 (584) 1,635 (1,572)
Net income 57,777 1,361 15,487 3,194
Less: Net loss attributable to noncontrolling interest 0 171 550 341
Net income attributable to AdTheorent Holding Company, Inc. $ 57,777 $ 1,532 $ 16,037 $ 3,535
Earnings per share:        
Basic $ 0.67 $ 0.03 $ 0.19 $ 0.06
Diluted $ 0.62 $ 0.02 $ 0.17 $ 0.06
Weighted-average common shares outstanding:        
Basic 85,766,302 59,873,921 85,755,210 59,863,656
Diluted 93,402,650 67,078,778 93,263,518 63,688,104