Schedule of Earnings Per Share, Basic and Diluted |
The computation of income (loss) per share attributable to WM Technology, Inc. and weighted-average shares of the Company’s Class A Common Stock outstanding are as follows for the three and nine months ended September 30, 2022 and 2021 (amounts in thousands, except for share and per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2022 | | 2021 | | 2022 | | 2021 | Numerator: | | | | | | | | Net (loss) income | $ | (10,464) | | | $ | 49,205 | | | $ | (21,849) | | | $ | 73,773 | | Less: net income attributable to WMH prior to the Business Combination | — | | | — | | | — | | | 15,078 | | Less: net (loss) income attributable to noncontrolling interests after the Business Combination | (5,300) | | | 28,370 | | | (14,484) | | | 33,597 | | Net (loss) income attributable to WM Technology, Inc. Class A Common Stock - basic | (5,164) | | | 20,835 | | | (7,365) | | | 25,098 | | Effect of dilutive securities: | | | | | | | | Less: fair value change of Public and Private Placement Warrants, net of amounts attributable to noncontrolling interests | — | | | 19,618 | | | — | | | 35,679 | | Net (loss) income attributable to WM Technology, Inc. Class A Common Stock - diluted | $ | (5,164) | | | $ | 1,217 | | | $ | (7,365) | | | $ | (10,581) | | Denominator: | | | | | | | | Weighted average of shares of Class A Common Stock outstanding - basic | 89,552,914 | | 64,216,732 | | 82,872,137 | | 64,149,699 | Weighted average effect of dilutive securities: | | | | | | | | Public warrants1 | — | | | 2,558,783 | | — | | | 3,718,232 | Private warrants1 | — | | | 1,432,918 | | — | | | 2,082,210 | | | | | | | | | Restricted stock units1 | — | | | 95,939 | | — | | | — | | Weighted average of shares of Class A Common Stock outstanding - diluted | 89,552,914 | | 68,304,372 | | 82,872,137 | | 69,950,141 | | | | | | | | | Net (loss) income per share of Class A Common Stock - basic | $ | (0.06) | | | $ | 0.32 | | | $ | (0.09) | | | $ | 0.39 | | Net (loss) income per share of Class A Common Stock - diluted | $ | (0.06) | | | $ | 0.02 | | | $ | (0.09) | | | $ | (0.15) | |
____________________________________ ¹Calculated using the treasury stock method.
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Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The Company excluded the following securities from its computation of diluted shares outstanding for the periods presented, as their effect would have been anti-dilutive: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2022 | | 2021 | | 2022 | | 2021 | Class A Units | 56,066,624 | | | 65,502,347 | | | 56,066,624 | | | 65,502,347 | | Class P Units | 15,419,821 | | | 25,679,122 | | | 15,419,821 | | | 25,679,121 | | RSUs | 8,859,553 | | | — | | — | | 8,859,553 | | | 3,858,945 | | PRSUs | 2,437,500 | | | — | | | 2,437,500 | | | — | | Public Warrants | 12,499,973 | | | — | | | 12,499,973 | | | — | | Private Placement Warrants | 7,000,000 | | | — | | | 7,000,000 | | | — | | Acquisition holdback shares | 677,847 | | | — | | | 677,847 | | | — | |
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