Three Months Ended March 31,

2025

2024

Numerator:

Net income (loss) attributable to ProFrac Holding Corp.

$

(17.5

)

$

1.8

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

(1.3

)

(1.2

)

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

$

(18.8

)

$

0.6

Denominator:

Weighted average Class A common shares

160.2

159.5

Dilutive potential of employee restricted stock units

—

0.3

Weighted average Class A common shares — diluted

160.2

159.8

Basic and diluted earnings per Class A common share

$

(0.12

)

$

0.00

Antidilutive shares:

Common stock equivalents related to Preferred Stock

2.8

—

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

0.1

—

Total antidilutive shares

2.9

—