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Earnings (Loss) Attributable to Inspirato Incorporated per Class A Share | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Earnings (Loss) Attributable to Inspirato Incorporated per Class A Share | (11) Earnings (Loss) Attributable to Inspirato Incorporated per Class A Share Basic and diluted earnings (loss) per share (“EPS”) is computed utilizing shares that participate in the Company’s earnings – including dividend rights. The Company’s Class A and Class B Common Stock are the classes of shares that are entitled to the Company’s earnings and dividends. As no shares of Class B Common Stock were issued as of March 31, 2025, the computation of basic and diluted earnings per share includes only Class A Common Stock. EPS is computed using the two-class method. Under the two-class method, the Company allocates net income attributable to Inspirato Incorporated to Class A Common Stock (including those with vested share-based awards). Basic earnings per share is calculated by taking net income attributable to Inspirato Incorporated, less earnings allocated to Class A Common Stock, divided by the basic weighted-average Class A Common Stock outstanding. Net income per share is calculated by taking net income attributable to Inspirato Incorporated divided by weighted-average Class A Common Stock outstanding. In accordance with the two-class method, diluted earnings per share is calculated using the more dilutive of the impact of the treasury-stock method or from reducing net income for the earnings allocated to Class A Common Stock. The following table presents the basic EPS for the three months ended March 31, 2025 and 2024 (in thousands, except per share amounts):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Net income and comprehensive income attributable to Inspirato Incorporated |  |  |  |  | $ | 1,622 |  |  | $ | 1,263 |
Weighted average Class A Shares outstanding, Basic |  |  |  |  | 11,922 |  | 3,595
Net income and comprehensive income attributable to Inspirato Incorporated per Class A Share, Basic |  |  |  |  | $ | 0.14 |  |  | $ | 0.35 |
The following table presents the diluted EPS for the three months ended March 31, 2025 and 2024 (in thousands, except per share amounts):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Net income and comprehensive income attributable to Inspirato Incorporated |  |  |  |  | $ | 1,622 |  |  | $ | 1,263 |
Impact of Note interest and fair market value adjustment attributable to Inspirato Incorporated Class A Shares |  |  |  |  | 66 |  | (2,066)
Net income (loss) attributable to common stockholders |  |  |  |  | $ | 1,688 |  |  | $ | (803) |
Weighted average Class A Shares outstanding, Basic |  |  |  |  | 11,922 |  | 3,595
Effect of dilutive securities |  |  |  |  | 2,012 |  | 850
Weighted average Class A Shares outstanding, Diluted |  |  |  |  | 13,934 |  | 4,445
Net income (loss) and comprehensive income (loss) attributable to Inspirato Incorporated per Class A Share, Diluted |  |  |  |  | $ | 0.12 |  |  | $ | (0.18) |
The following securities are excluded from the computation of diluted shares for the three months ended March 31, 2025 and 2024 due to their anti-dilutive effects (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Performance-based units |  |  |  |  | 768 |  | —
Public Warrants |  |  |  |  | 431 |  | 431
Stock options |  |  |  |  | 118 |  | 189
Restricted stock units |  |  |  |  | 78 |  | 552
Anti-dilutive securities |  |  |  |  | 1,395 |  | 1,172

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