Three Months
Ended
March 31,

2023

2022

Numerator:

Net loss

$

(14,979

)

$

(15,179

)

Less: net loss attributable to noncontrolling interests

24,588

35,003

Less: dividends on preferred shares

(2,069

)

(3,250

)

Less: deemed dividend

(62,660

)

(50,931

)

Add: deemed contribution from redemption of convertible preferred stock

12,679

-

Net loss attributable to XPO Inc. - basic and diluted

$

(42,441

)

$

(34,357

)

Denominator:

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

30,754

22,737

Net loss per share attributable to Class A common stock - basic

$

(1.38

)

$

(1.51

)

Net loss per share attributable to Class A common stock - diluted

$

(1.38

)

$

(1.51

)

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

Rumble Class A common stock

-

1,300

Restricted stock units

1,781

2,360

Convertible preferred stock

7,963

13,889

Conversion of Class B common stock to Class A common stock

16,656

24,564

Treasury share options

75

-

Rumble contingent shares

2,024

2,024

Profits interests, time vesting

4

48