Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2023

Note 9. Earnings (Loss) Per Share

Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share adjusts basic earnings per share for the potentially dilutive impact of stock options and warrants. As the Company has reported a loss for the three and six months ended June 30, 2023 and 2022, potentially dilutive securities including stock options and warrants, are antidilutive and accordingly, basic net loss per share equals diluted net loss per share.

The following table sets forth the computation of basic and diluted loss per Class A Common Stock and Class B Common Stock (amounts in thousands, except per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Numerator:
Net loss attributable to common stockholders	$	(116,521	)	$	(94,829	)	$	(221,168	)	$	(185,181	)
Denominator:
Weighted average Class A and Class B Common Stock outstanding - Basic and Diluted		445,324			431,523			442,724			430,435
Net loss per share attributable to Class A and Class B Common stockholders - Basic and Diluted	$	(0.26	)	$	(0.22	)	$	(0.50	)	$	(0.43	)

Basic and diluted earnings per share was the same for each period presented as the inclusion of all potential Class A Common Stock and Class B Common Stock outstanding would have been anti-dilutive.

The following table presents the potential common stock outstanding that was excluded from the computation of diluted net loss per share of common stock as of the periods presented because including them would have been antidilutive (amounts in thousands):


	As of June 30,
	2023		2022
Options		44,166		50,324
RSUs		26,787		16,283
PSUs		7,340		—
Total		78,293		66,607