Three Months Ended
June 30,

Six Months Ended
June 30,

2024

2023

2024

2023

Numerator:

Net income (loss) attributable to ProFrac Holding Corp.

$

(66.7

)

$

(2.9

)

$

(64.9

)

$

19.1

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

(1.2

)

—

(2.4

)

—

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

(67.9

)

(2.9

)

(67.3

)

19.1

Net income reallocated to dilutive Class A common shares

—

—

—

—

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

$

(67.9

)

$

(2.9

)

$

(67.3

)

$

19.1

Denominator:

Weighted average Class A common shares

160.0

148.8

159.7

101.9

Dilutive potential of employee restricted stock units

—

—

—

0.2

Weighted average Class A common shares — diluted

160.0

148.8

159.7

102.1

Basic and diluted earnings per Class A common share

$

(0.42

)

$

(0.02

)

$

(0.42

)

$

0.19

Antidilutive shares:

Common stock equivalents related to Preferred Stock

2.7

—

2.6

—

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

0.1

—

0.2

—

Total antidilutive shares

2.8

—

2.8

—