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Net Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Income (Loss) Per Share
The following table presents the computation of the basic and diluted income (loss) per share of Class A Common Stock (in thousands, except share data):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Numerator
Net income (loss) (post Business Combination)$(80,411)$14,311 $(181,787)$13,644 
Less: Net loss attributable to redeemable noncontrolling interest(25,679)(18,992)(50,001)(39,691)
Less: Net income attributable to noncontrolling interest668 — 2,429 — 
Net income (loss) attributable to the Company(55,400)33,303 (134,215)53,335 
Less: Cumulative preferred dividends(143)(674)(751)(1,657)
Net income (loss) attributable to Class A common shareholders$(55,543)$32,629 $(134,966)$51,678 
Denominator
Basic weighted-average shares of Class A common stock outstanding67,072,01417,411,21752,971,88216,294,029
RSUs and Options1,016,3901,342,694
Series A Preferred Stock5,230,3043,215,161
Warrants2,468,3344,112,524
Diluted weighted-average shares of Class A common stock outstanding67,072,01426,126,24552,971,88224,964,408
Net income (loss) per share of Class A common stock - basic$(0.83)$1.87 $(2.55)$3.17 
Net income (loss) per share of Class A common stock - diluted$(0.83)$1.27 $(2.55)$2.14 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table presents potentially dilutive securities, as of the end of the periods, excluded from the computation of diluted net income (loss) per share of Class A Common Stock as their effect would be anti-dilutive, their exercise price was out-of-the-money, or because of unsatisfied contingent issuance conditions.
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
RSUs(1)
3,251,2063,251,206
Options(1)(4)
1,027,451305,9321,027,451305,932
Series A Preferred Stock(2)
1,916,9651,869,956
Warrants(1)(4)
30,638,37422,636,91630,638,37422,636,916
Earn Out Units(3)
7,500,0007,500,0007,500,0007,500,000
(1)    Represents number of instruments outstanding at the end of the period that were evaluated under the treasury stock method for potentially dilutive effects and were determined to be anti-dilutive.
(2)    Represents number of instruments outstanding as converted at the end of the period that were evaluated under the if-converted method for potentially dilutive effects and were determined to be anti-dilutive.
(3)    Represents number of Earn Out Units outstanding at the end of the period that were excluded due to unsatisfied contingent issuance conditions.
(4)    Options and warrants with exercises prices greater than the average market price of our Class A common stock are excluded from the computation of diluted net income (loss) per share because they are out-of-the-money. The out-of-the-money instruments were as follows: options of 250,308 for the three and nine months ended September 30, 2024, and 305,932 for the three and nine months ended September 30, 2023, and warrants of 22,636,814 for the three and nine months ended September 30, 2024 and 2023.