Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2025

The following table presents the calculation of basic and diluted loss per share of Class A common stock:


	Three months ended September 30,						Nine months ended September 30,
	2025			2024			2025			2024
Numerator:
Net loss attributable to XPO Inc.	$	(6,746	)	$	(18,149	)	$	(8,059	)	$	(36,242	)
Less: net loss attributable to noncontrolling interests		2,419			4,635			3,879			14,182
Less: dividends on preferred shares		(1,898	)		(1,898	)		(5,694	)		(5,911	)
Less: deemed contribution (dividend)		—			6,094			—			—
Net loss attributable to XPO Inc. - basic and diluted		(6,225	)		(9,318	)		(9,874	)		(27,971	)
Denominator:
Weighted average shares of Class A common stock outstanding - basic and diluted		35,110			32,177			34,669			31,704

Net loss per share attributable to Class A common stock - basic	$	(0.18	)	$	(0.29	)	$	(0.28	)	$	(0.88	)
Net loss per share attributable to Class A common stock - diluted	$	(0.18	)	$	(0.29	)	$	(0.28	)	$	(0.88	)

Anti-dilutive shares excluded from diluted loss per share of Class A common stock:
Restricted stock units		1,834			2,077			1,834			2,077
Conversion of Class B common stock to Class A common stock		13,663			16,016			13,663			16,016
Convertible preferred stock		8,112			8,112			8,112			8,112
Treasury share options		75			75			75			75
Rumble contingent shares		2,024			2,024			2,024			2,024

Xponential Fitness, Inc. 10-Q