Three Months Ended March 31,

2024

2023

Numerator:

Net loss

$

(4,356

)

$

(14,979

)

Less: net loss attributable to noncontrolling interests

4,939

24,588

Less: dividends on preferred shares

(1,863

)

(2,069

)

Less: deemed dividend

(8,106

)

(62,660

)

Add: deemed contribution from redemption of convertible preferred stock

—

12,679

Net loss attributable to XPO Inc. - basic and diluted

(9,386

)

(42,441

)

Denominator:

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

31,125

30,754

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

$

(0.30

)

$

(1.38

)

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

$

(0.30

)

$

(1.38

)

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

Restricted stock units

1,291

1,781

Conversion of Class B common stock to Class A common stock

16,413

16,656

Convertible preferred stock

7,963

7,963

Treasury share options

75

75

Rumble contingent shares

2,024

2,024

Profits interests, time vesting

1

4