Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share attributable to common stockholders for the three and nine months ended September 30 (in thousands, except share and per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | | Class A | | Class V | | Class A | | Class V | | Class A | | Class V | | Class A | | Class V | Numerator: | | | | | | | | | | | | | | | | Net income (loss) attributable to common stockholders, basic | $ | 72,665 | | | $ | 2,923 | | | $ | (7,265) | | | $ | (302) | | | $ | 96,114 | | | $ | 3,899 | | | $ | (23,795) | | | $ | (996) | | Reallocation of undistributed earnings | 229 | | | (229) | | | — | | | — | | | 305 | | | (305) | | | — | | | — | | Net income (loss) attributable to common stockholders, diluted | 72,894 | | | 2,694 | | | (7,265) | | | (302) | | | 96,419 | | | 3,594 | | | (23,795) | | | (996) | | | | | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | | | | Weighted average shares outstanding, basic | 208,239,520 | | | 8,377,623 | | | 201,757,058 | | | 8,377,623 | | | 206,524,417 | | | 8,377,623 | | | 200,199,280 | | | 8,377,623 | | Effect of dilutive potential common shares | 18,452,396 | | | — | | | — | | | — | | | 18,247,722 | | | — | | | — | | | — | | Weighted average shares outstanding, diluted | 226,691,916 | | | 8,377,623 | | | 201,757,058 | | | 8,377,623 | | | 224,772,139 | | | 8,377,623 | | | 200,199,280 | | | 8,377,623 | | | | | | | | | | | | | | | | | | Basic net income (loss) per share | $ | 0.35 | | | $ | 0.35 | | | $ | (0.04) | | | $ | (0.04) | | | $ | 0.47 | | | $ | 0.47 | | | $ | (0.12) | | | $ | (0.12) | | Diluted net income (loss) per share | $ | 0.32 | | | $ | 0.32 | | | $ | (0.04) | | | $ | (0.04) | | | $ | 0.43 | | | $ | 0.43 | | | $ | (0.12) | | | $ | (0.12) | |
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Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The following table discloses weighted-average Class A securities that were not included in the computation of diluted net income (loss) per share as their inclusion would have been anti-dilutive:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | RSUs | 237,328 | | | 15,506,487 | | | 5,727,897 | | | 15,270,027 | | Stock options | 62,276 | | | 21,114,274 | | | 876,877 | | | 21,452,808 | | PRSUs | — | | | 1,104,301 | | | — | | | 869,445 | | Common stock issued subject to vesting | — | | | 985,410 | | | — | | | 1,213,888 | | Common stock issuable under the ESPP | — | | | 878,020 | | | — | | | 753,499 | | Warrants to purchase Class A common stock | — | | | 561,058 | | | — | | | 561,058 | |
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