Year Ended December 31,

2024

2023

2022

Numerator:

Net income (loss) attributable to ProFrac Holding Corp.

$

(215.1

)

$

(97.7

)

$

91.5

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

(4.8

)

(9.8

)

—

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

(219.9

)

(107.5

)

91.5

Net income reallocated to dilutive Class A common shares

—

—

0.2

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

$

(219.9

)

$

(107.5

)

$

91.7

Denominator:

Weighted average Class A common shares

159.9

130.9

44.3

Dilutive potential of employee restricted stock units

—

—

0.2

Weighted average Class A common shares — diluted

159.9

130.9

44.5

Basic and diluted earnings per Class A common share

$

(1.38

)

$

(0.82

)

$

2.06

Antidilutive shares:

Common stock equivalents related to Preferred Stock

2.7

2.5

—

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

0.1

0.2

—

Total antidilutive shares

2.8

2.7

—