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Loss Per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Loss Per Share
20.
Loss Per Share

Basic net loss per share of Class A Common Stock is computed by dividing net loss attributable to Definitive Healthcare Corp. by the weighted-average number of shares of Class A Common Stock outstanding during the period, excluding unvested equity awards and subsidiary member units not exchanged. Diluted earnings per share of Class A Common Stock is calculated by dividing net income attributable to Definitive Healthcare Corp., adjusted for the assumed exchange of all potentially dilutive securities by the weighted-average number of shares of Class A Common Stock outstanding.

The following table sets forth the reconciliation of the numerator and denominator used to compute basic and diluted net loss per share of Class A Common Stock for each of the years ended December 31, 2022 and 2021. The reconciliation for 2021 reflects only the period from September 15, 2021 to December 31, 2021, which represents the period wherein the Company had outstanding Class A Common Stock.

 

(in thousands)

Year Ended December 31, 2022

 

 

Year Ended December 31, 2021

 

Numerator:

 

 

 

 

 

Net loss

$

(22,255

)

 

$

(61,257

)

Less: Net loss attributable to Definitive OpCo before Reorganization Transactions

 

 

 

 

(33,343

)

Less: Net loss attributable to noncontrolling interests

 

(16,218

)

 

 

(10,237

)

Net loss attributable to Definitive Healthcare Corp.

$

(6,037

)

 

$

(17,677

)

 

The following table sets forth the computation of basic and diluted net loss per share of Class A Common Stock:

 

(in thousands, except number of shares and per share amounts)

Year Ended December 31, 2022

 

 

Year Ended December 31, 2021

 

Basic net loss per share attributable to common stockholders

 

 

 

 

 

Numerator:

 

 

 

 

 

Allocation of net loss attributable to Definitive Healthcare Corp.

$

(6,037

)

 

$

(17,677

)

Weighted average number of shares of Class A outstanding

 

101,114,105

 

 

 

91,916,151

 

Net loss per share, basic and diluted

$

(0.06

)

 

$

(0.19

)

 

Shares of the Company's Class B Common Stock do not participate in the earnings or losses of Definitive Healthcare Corp. and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B Common Stock under the two-class method has not been presented.

The following securities were excluded from the computation of diluted net loss per share for the periods presented because their effect on net loss per share would have been anti-dilutive:

 

 

Year Ended December 31, 2022

 

 

Year Ended December 31, 2021

 

Definitive OpCo units (vested and unvested)

 

50,433,101

 

 

 

58,244,627

 

Restricted stock units

 

3,563,387

 

 

 

2,100,250