| Earnings (Loss) Per Share |
Earnings (Loss) Per Share The table below reconciles basic and diluted earnings per share of the Company's Class A common stock for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2024 | | 2023 | | 2024 | | 2023 | | Numerator: | | | | | | | | | Net income (loss) attributable to common stockholders – basic | $ | 63,822 | | | $ | (77,270) | | | $ | (78,746) | | | $ | (474,418) | | | Gain on remeasurement of warrant liabilities | (9,791) | | | — | | | — | | | — | | | Net income (loss) attributable to common stockholders – diluted | $ | 54,031 | | | $ | (77,270) | | | $ | (78,746) | | | $ | (474,418) | | | Denominator: | | | | | | | | | Weighted-average Class A common stock outstanding – basic | 479,307 | | | 462,432 | | | 476,788 | | | 458,910 | | Weighted-average diluted impact of options and RSUs (1) | 25,616 | | | — | | | — | | | — | | Weighted-average diluted impact of convertible notes (2) | 13,337 | | | — | | | — | | | — | | Weighted-average diluted impact of warrant liabilities (1) | 525 | | | — | | | — | | | — | | | Weighted-average Class A common stock outstanding – diluted | 518,785 | | | 462,432 | | | 476,788 | | | 458,910 | | | | | | | | | | | Anti-dilutive securities excluded from the calculation of diluted earnings per share | 282 | | | N/A | | N/A | | N/A | | Basic earnings per share attributable to common stockholders: | $ | 0.13 | | | $ | (0.17) | | | $ | (0.17) | | | $ | (1.03) | | | Diluted earnings per share attributable to common stockholders: | $ | 0.10 | | | $ | (0.17) | | | $ | (0.17) | | | $ | (1.03) | |
(1) Calculated using the treasury stock method (2) Calculated using the if-converted method
There were no preferred or other dividends declared for the three and six months ended June 30, 2024. The below table includes the total securities potentially dilutive for the six month period ending June 30, 2024 and the three and six month period ending June 30, 2023 which have been excluded from the computation of diluted earnings (loss) per share as their effect is anti-dilutive. | | | | | | | | | | | | | June 30, 2024 | | June 30, 2023 | | Class A common stock resulting from exercise of all warrants | 1,441 | | | 3,648 | | | Stock Options and RSUs | 56,801 | | | 66,009 | | | Convertible notes | 13,337 | | | 13,337 | | | Total | 71,579 | | | 82,994 | |
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