| Schedule of Basic and Diluted Net Earnings (Loss) Per Share |
The following table sets forth a reconciliation of the numerators used to compute the Company's basic and diluted earnings (loss) per share (in thousands).
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Year Ended December 31, 2023 |
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Year Ended December 31, 2022 |
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Year Ended December 31, 2021 |
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Numerator: |
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Net earnings (loss) |
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$ |
(1,868 |
) |
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$ |
(114,124 |
) |
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$ |
281,740 |
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Net loss attributable to noncontrolling interests |
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2,345 |
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(34,378 |
) |
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(28,075 |
) |
Net earnings (loss) attributable to Bumble Inc. shareholders |
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$ |
(4,213 |
) |
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$ |
(79,746 |
) |
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$ |
309,815 |
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The following table sets forth the computation of the Company's basic and diluted earnings (loss) per share (in thousands, except share amounts, and per share amounts).
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Year Ended December 31, 2023 |
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Year Ended December 31, 2022 |
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Year Ended December 31, 2021 |
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Basic earnings (loss) per share attributable to common stockholders |
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Numerator |
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Allocation of net earnings (loss) attributable to Bumble Inc. shareholders |
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$ |
(4,286 |
) |
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$ |
(79,691 |
) |
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$ |
182,085 |
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Less: net earnings (loss) attributable to participating securities |
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— |
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— |
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446 |
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Net earnings (loss) attributable to common stockholders |
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$ |
(4,286 |
) |
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$ |
(79,691 |
) |
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$ |
181,639 |
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Denominator |
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Weighted average number of shares of Class A common stock outstanding |
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134,936,824 |
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129,421,157 |
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121,425,908 |
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Basic earnings (loss) per share attributable to common stockholders |
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$ |
(0.03 |
) |
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$ |
(0.62 |
) |
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$ |
1.50 |
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Diluted earnings (loss) per share attributable to common stockholders |
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Numerator |
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Allocation of net earnings (loss) attributable to Bumble Inc. shareholders |
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$ |
(4,315 |
) |
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$ |
(79,691 |
) |
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$ |
177,720 |
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Increase in net earnings (loss) attributable to common shareholders upon conversion of potentially dilutive Common Units |
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— |
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— |
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102,714 |
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Less: net earnings (loss) attributable to participating securities |
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— |
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— |
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|
435 |
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Net earnings (loss) attributable to common stockholders |
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$ |
(4,315 |
) |
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$ |
(79,691 |
) |
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$ |
279,999 |
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Denominator |
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Number of shares used in basic computation |
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134,936,824 |
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129,421,157 |
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121,425,908 |
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Add: weighted-average effect of dilutive securities |
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RSUs |
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— |
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— |
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1,033,701 |
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Options |
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— |
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— |
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5,569 |
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Common Units to Convert to Class A Common Stock |
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— |
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— |
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70,210,298 |
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Weighted average shares of Class A common stock outstanding used to calculate diluted earnings (loss) per share |
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134,936,824 |
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129,421,157 |
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192,675,476 |
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Diluted earnings (loss) per share attributable to common stockholders |
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$ |
(0.03 |
) |
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$ |
(0.62 |
) |
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$ |
1.45 |
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| Schedule of Potentially Dilutive Securities Excluded From the Diluted Earnings (Loss) Per Share |
The following table sets forth potentially dilutive securities that were excluded from the diluted earnings (loss) per share computation because the effect would be anti-dilutive, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the periods:
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Year Ended December 31, 2023 |
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Year Ended December 31, 2022 |
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Year Ended December 31, 2021 |
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Time-vesting awards: |
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Options |
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3,528,145 |
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2,946,118 |
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2,038,016 |
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Restricted shares |
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32,255 |
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58,247 |
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— |
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RSUs |
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6,557,643 |
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4,845,852 |
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626,537 |
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Incentive units |
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462,301 |
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3,857,248 |
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325,920 |
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Total time-vesting awards |
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10,580,344 |
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11,707,465 |
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2,990,473 |
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Exit-vesting awards: |
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Options |
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79,908 |
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164,362 |
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222,424 |
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Restricted shares |
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28,386 |
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55,744 |
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— |
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RSUs |
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333,296 |
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|
761,473 |
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1,217,951 |
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Incentive units |
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843,551 |
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3,724,214 |
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4,324,868 |
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Total exit-vesting awards |
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1,285,141 |
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4,705,793 |
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5,765,243 |
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Total |
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11,865,485 |
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16,413,258 |
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8,755,716 |
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