Net Loss Per Share Attributable to Common Stockholders

6 Months Ended

Jun. 30, 2025

Net Loss Per Share Attributable to Common Stockholders

NOTE 14. Net Loss Per Share Attributable to Common Stockholders

Basic net loss per share is computed using the two-class method, by dividing the net loss by the weighted-average number of shares of common stock of the Company outstanding during the period. Diluted net loss per share is computed by giving effect to all potential shares of common stock of the Company, outstanding stock options, warrants, to the extent dilutive. However, the unvested restricted stock, RSUs and PSUs as of June 30, 2025 and 2024 of 35,115,428 and 50,036,335, respectively, are not considered as participating securities and are anti-dilutive and as such are excluded from the weighted average number of shares used for calculating basic and diluted net loss per share. For periods in which the Company has reported net losses, diluted net loss per common share is the same as basic net loss per common share, since dilutive common shares are not assumed to have been issued if their effect is anti-dilutive.

The following table sets forth the calculation of basic and diluted net loss per share attributable to common stockholders during the periods presented:


	Three months ended June 30,						Six months ended June 30,
	2025			2024			2025			2024
Numerator:
Numerator for Basic and Diluted loss per share – loss available to common stockholders	$	(12,814	)	$	(28,066	)	$	(34,414	)	$	(67,632	)
Denominator:
Class A Common Stock		198,507,575			160,039,714			196,573,719			156,645,066
Class B Common Stock		18,746,281			17,830,524			18,345,206			17,830,524
Denominator for Basic and Diluted loss per share – weighted-average common stock		217,253,856			177,870,238			214,918,925			174,475,591
Basic and Diluted loss per share	$	(0.06	)	$	(0.16	)	$	(0.16	)	$	(0.39	)

Since the Company was in a net loss position for all periods presented, the inclusion of all potential common equivalent shares outstanding would have been anti-dilutive. Therefore, net loss per share attributable to common stockholders was the same on a basic and diluted basis.

Anti-dilutive weighted-average common equivalent shares were as follows:


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Options		593,713		4,203,861		986,571		3,386,749
Restricted stock and RSUs		17,824,761		46,026,163		19,058,743		47,022,047
PSUs		4,564,966		7,529,122		5,115,962		6,142,399