For the Three Months
Ended September 30,

For the Nine Months
Ended September 30,

2023

2022

2023

2022

Numerator:

Numerator for basic calculation—Net (loss)/income

Numerator for basic calculation—Net (loss)/income
   attributable to P10

$

(8,416

)

$

5,617

$

(6,048

)

$

24,563

Adjustment for:

Net (loss)/income attributable to noncontrolling interests in P10 Intermediate

(334

)

-

169

-

Numerator for (loss)/earnings per share

Numerator for (loss)/earnings per share assuming
   dilution

$

(8,750

)

$

5,617

$

(5,879

)

$

24,563

Denominator:

Denominator for basic calculation—Weighted-
   average shares

116,235

117,210

116,134

117,210

Weighted shares assumed upon exercise of partnership units

-

-

-

-

Weighted shares assumed upon exercise of stock
   options

-

4,322

-

4,152

Denominator for (loss)/earnings per share assuming dilution

116,235

121,532

116,134

121,362

(Loss)/earnings per share—basic

$

(0.07

)

$

0.05

$

(0.05

)

$

0.21

(Loss)/earnings per share—diluted

$

(0.07

)

$

0.05

$

(0.05

)

$

0.20