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NET INCOME (LOSS) PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Net Loss per Share
Presented in the table below is a reconciliation of the numerator and denominator for the basic earnings per share (“EPS”) calculations for the three and nine months ended September 30, 2023 and 2022 (in thousands):
Three months ended September 30,Nine months ended September 30,
2023202220232022
Net income (loss) attributable to PureCycle Technologies$4,886 $(34,948)$(77,532)$(75,384)
Less income attributable to participating warrants(480)— — — 
Net income (loss) attributable to common shareholders$4,406 $(34,948)$(77,532)$(75,384)
Weighted average common shares outstanding, basic164,018 163,490 163,783 153,513 
Net loss per share attributable to common stockholder, basic$0.03 $(0.21)$(0.47)$(0.49)
Presented in the table below is a reconciliation of the numerator and denominator for the diluted EPS calculations for the three and nine months ended September 30, 2023 and 2022 (in thousands):
Three months ended September 30,Nine months ended September 30,
2023202220232022
Numerator:
Net income (loss) attributable to PureCycle Technologies$4,886 $(34,948)$(77,532)$(75,384)
Less change in fair value of RTI Warrants(4,049)— (1,485)(553)
Less income attributable to participating warrants(81)— — — 
Net income (loss) attributable to common shareholders$756 $(34,948)$(79,017)$(75,937)
Denominator:
Weighted average common shares outstanding, basic164,018 163,490 163,783 153,513 
Add common equivalent shares from warrants395 — 197 186 
Add common equivalent shares from equity awards1,135 — — — 
Weighted average common shares outstanding, diluted165,548 163,490 163,980 153,699 
Net loss per share attributable to common stockholder, diluted$0.00 $(0.21)$(0.48)$(0.49)