| Schedule of Calculation of Basic and Diluted Loss Per Share |
The following table presents the calculation of basic and diluted loss per share of Class A common stock:
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Three months ended June 30, |
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Six months ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Numerator: |
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Net income (loss) attributable to XPO Inc. - diluted |
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$ |
1,346 |
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$ |
(14,343 |
) |
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$ |
(1,313 |
) |
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$ |
(18,093 |
) |
Less: net loss attributable to noncontrolling interests |
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156 |
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4,827 |
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1,460 |
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9,547 |
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Less: dividends on preferred shares |
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(1,898 |
) |
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(2,150 |
) |
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(3,796 |
) |
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(4,013 |
) |
Less: deemed contribution (dividend) |
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— |
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2,012 |
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— |
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(6,094 |
) |
Net loss attributable to XPO Inc. - basic and diluted |
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(396 |
) |
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(9,654 |
) |
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(3,649 |
) |
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(18,653 |
) |
Denominator: |
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Weighted average shares of Class A common stock outstanding - basic and diluted |
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34,972 |
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31,806 |
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34,444 |
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31,465 |
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Net loss per share attributable to Class A common stock - basic |
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$ |
(0.01 |
) |
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$ |
(0.30 |
) |
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$ |
(0.11 |
) |
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$ |
(0.59 |
) |
Net loss per share attributable to Class A common stock - diluted |
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$ |
(0.01 |
) |
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$ |
(0.30 |
) |
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$ |
(0.11 |
) |
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$ |
(0.59 |
) |
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Anti-dilutive shares excluded from diluted loss per share of Class A common stock: |
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Restricted stock units |
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1,850 |
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2,263 |
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1,850 |
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2,263 |
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Conversion of Class B common stock to Class A common stock |
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13,663 |
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16,016 |
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13,663 |
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16,016 |
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Convertible preferred stock |
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8,112 |
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8,112 |
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8,112 |
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8,112 |
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Treasury share options |
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75 |
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75 |
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75 |
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75 |
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Rumble contingent shares |
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2,024 |
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2,024 |
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2,024 |
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2,024 |
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Profits interests, time vesting |
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— |
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1 |
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— |
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1 |
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