Three months ended March 31,

2025

2024

Numerator:

Net loss

$

(2,659

)

$

(3,750

)

Less: net loss attributable to noncontrolling interests

1,304

4,720

Less: dividends on preferred shares

(1,898

)

(1,863

)

Less: deemed dividend

—

(8,106

)

Net loss attributable to XPO Inc. - basic and diluted

(3,253

)

(8,999

)

Denominator:

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

33,910

31,125

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

$

(0.10

)

$

(0.29

)

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

$

(0.10

)

$

(0.29

)

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

Restricted stock units

1,718

1,291

Conversion of Class B common stock to Class A common stock

13,664

16,413

Convertible preferred stock

8,112

7,963

Treasury share options

75

75

Rumble contingent shares

2,024

2,024

Profits interests, time vesting

—

1