Year Ended December 31,

2025

2024

2023

Numerator:

Net loss attributable to ProFrac Holding Corp.

$

(369.0

)

$

(215.1

)

$

(97.7

)

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

(5.3

)

(4.8

)

(9.8

)

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

$

(374.3

)

$

(219.9

)

$

(107.5

)

Denominator:

Weighted average Class A common shares

168.3

159.9

130.9

Dilutive potential of restricted stock units

—

—

—

Weighted average Class A common shares — diluted

168.3

159.9

130.9

Basic and diluted earnings per Class A common share

$

(2.22

)

$

(1.38

)

$

(0.82

)

Antidilutive shares:

Common stock equivalents related to Preferred Stock

2.9

2.7

2.5

Restricted stock units which are antidilutive due to net loss position

—

0.1

0.2

Contingently issuable shares

0.3

—

—

Total antidilutive shares

3.2

2.8

2.7