Three Months Ended
September 30,

Nine Months Ended
September 30,

2024

2023

2024

2023

Numerator:

Net income (loss) attributable to ProFrac Holding Corp.

$

(45.2

)

$

(18.9

)

$

(110.1

)

$

0.2

Adjust Series A redeemable convertible preferred stock to its maximum redemption value

(1.2

)

(8.6

)

(3.6

)

(8.6

)

Net income (loss) used for basic earnings per Class A common share

(46.4

)

(27.5

)

(113.7

)

(8.4

)

Net income reallocated to dilutive Class A common shares

—

—

—

—

Net income (loss) used for diluted earnings per Class A common share

$

(46.4

)

$

(27.5

)

$

(113.7

)

$

(8.4

)

Denominator:

Weighted average Class A common shares

160.1

159.4

159.9

121.3

Dilutive potential of employee restricted stock units

—

—

—

—

Weighted average Class A common shares — diluted

160.1

159.4

159.9

121.3

Basic and diluted earnings per Class A common share

$

(0.29

)

$

(0.17

)

$

(0.71

)

$

(0.07

)

Antidilutive shares:

Common stock equivalents related to Preferred Stock

2.7

2.5

2.6

2.5

Employee restricted stock units which are antidilutive due to net loss position

0.2

0.2

0.2

0.2

Total antidilutive shares

2.9

2.7

2.8

2.7