v3.25.3
Net Income (Loss) Per Share Attributable to Common Stockholders
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Attributable to Common Stockholders

Note 7 – Net Income (Loss) Per Share Attributable to Common Stockholders

Basic earnings per share attributable to common stockholders (“EPS”) is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income (loss) attributable to common stockholders by the common shares plus common share equivalents. The Company’s common share equivalents are unvested restricted shares. The Company excludes antidilutive restricted shares from the calculation of weighted-average shares for diluted earnings per share. There were zero antidilutive restricted shares for the three and nine months ended September 30, 2025. There were zero and 458 antidilutive restricted shares for the three and nine months ended September 30, 2024, respectively. For further information about the Company’s restricted shares, see “Note 11 – Equity-Based Compensation.”

The following table is a summary of the basic and diluted net income (loss) per share attributable to common stockholders computation for the three and nine months ended September 30, 2025 and 2024:

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net (loss) income attributable to common stockholders

 

$

(9,136

)

 

$

(880

)

 

$

(5,106

)

 

$

4,518

 

Weighted average shares outstanding, basic

 

 

10,118,262

 

 

 

10,116,561

 

 

 

10,118,087

 

 

 

10,116,315

 

Dilutive effect of restricted stock

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,376

 

Weighted average shares outstanding, diluted

 

 

10,118,262

 

 

 

10,116,561

 

 

 

10,118,087

 

 

 

10,117,691

 

Net (loss) income attributable to common stockholders per share, basic and diluted

 

$

(0.90

)

 

$

(0.09

)

 

$

(0.50

)

 

$

0.45