Three Months Ended March 31, 2022

Numerator:

Net loss

$

(15,179

)

Less: net loss attributable to noncontrolling interests

35,003

Less: dividends on preferred shares

(3,250

)

Less: deemed dividend

(50,931

)

Net loss attributable to XPO Inc.

$

(34,357

)

Denominator:

Weighted average shares of Class A common stock outstanding - basic and diluted

22,736,946

Loss per share of Class A common stock - basic and diluted

$

(1.51

)

Anti-dilutive shares excluded from loss per share of Class A common stock:

Rumble Class A common stock

1,300,032

Contingent Rumble shares

2,024,445

Restricted stock units

2,359,636

Shares of Class B common stock

24,564,155

Convertible preferred stock

13,888,889

Profit interest units, time vesting

48,305

Total shares excluded from loss per share of Class A common stock - diluted

44,185,462