19. Net Loss Per Share

The computation of net loss per share and weighted average shares of the Company's common stock outstanding during the periods presented is as follows:


	Year Ended December 31,
(Amounts in thousands, except for share and per share amounts)	2024		2023
Basic and diluted net loss per share:
Net loss	$	(206,290)	$	(536,420)






Shares used in computation:
Weighted average common shares outstanding(1)	15,111,701		9,233,683
Weighted-average effect of dilutive securities:
Assumed exercise of stock options	—		—
Assumed exercise of Public & Private Warrants	—		—
Diluted weighted-average common shares outstanding	15,111,701		9,233,683
Earnings (loss) per share attributable to common stockholders:
Basic	$	(13.65)	$	(58.09)
Diluted	$	(13.65)	$	(58.09)

1.Year ended December 31, 2023 has been adjusted to reflect the 1-for-50 reverse stock split on August 16, 2024. See Note 1 Organization and Nature of the Business - Reverse Stock Split, for additional information.

Basic and diluted loss per share are the same for each class of common stock (i.e., Class A, Class B and Class C) because they are entitled to the same dividend rights. Basic and diluted loss per share are presented together as the amounts for basic and diluted loss per share are the same (i.e., the Company’s other equity-linked instruments outstanding are anti-dilutive for the periods presented).

The Company's potentially dilutive securities, which include stock options, RSUs, warrants to purchase shares of common stock, and Sponsor locked-up shares, have been excluded from the computation of diluted net loss per share, as the effect would be anti-dilutive. The Company excluded the following securities, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated as including them would have had an anti-dilutive effect:


	Year Ended December 31,
(Amounts in thousands)	2024	2023 (2)
RSUs and Options to purchase common stock (1)	1,145	963
Public warrants(1)(3)	6,075	6,075
Private warrants(1)(3)	3,733	3,733
Sponsor locked-up shares(1)	14	14
Total	10,967	10,785

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(1)Securities have an antidilutive effect under the treasury stock method.

(2)Year ended December 31, 2023 has been adjusted to reflect the 1-for-50 reverse stock split on August 16, 2024. See Note 1 Organization and Nature of the Business - Reverse Stock Split, for additional information.

(3)Public and Private warrants are unadjusted by the Reverse Stock Split as a holder must exercise 50 warrants to receive one share of common stock.

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Better Home & Finance Holding Co Earnings Per Share Disclosure

About Earnings Per Share Disclosures

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