Earnings Per Share

6 Months Ended

Jun. 30, 2026

5. Loss Per Share

The following table presents the computations of basic and diluted loss per share for the three months ended June 30, 2026 (amounts in thousands, except per share amounts):


	Three Months Ended June 30,
	2026
Loss Per Share - Basic and Diluted
Numerator:
Net loss	$	(8,701)
Net loss attributable to noncontrolling and redeemable noncontrolling interests	585
Net loss attributable to Stagwell Inc. common shareholders	$	(8,116)

Denominator:
Weighted average number of common shares outstanding	245,908
Loss Per Share - Basic and Diluted	$	(0.03)















Anti-dilutive:
Restricted awards and stock options	5,723
Class A Shares to settle deferred acquisition obligations	3,147
Employee Stock Purchase Plan shares	37

The following table presents the computations of basic and diluted loss per share for the six months ended June 30, 2026 (amounts in thousands, except per share amounts):


	Six Months Ended June 30,
	2026
Loss Per Share - Basic and Diluted
Numerator:
Net loss	$	(22,648)
Net loss attributable to noncontrolling and redeemable noncontrolling interests	1,559
Net loss attributable to Stagwell Inc. common shareholders	$	(21,089)

Denominator:
Weighted average number of common shares outstanding	248,328
Loss Per Share - Basic and Diluted	$	(0.08)


















Anti-dilutive:
Restricted awards and stock options	4,830
Class A Shares to settle deferred acquisition obligations	3,432
Employee Stock Purchase Plan shares	40

The following table presents the computations of basic and diluted loss per share for the three months ended June 30, 2025 (amounts in thousands, except per share amounts):


	Three Months Ended June 30,
	2025
Loss Per Share - Basic and Diluted
Numerator:
Net loss	$	(4,634)


Net income attributable to noncontrolling and redeemable noncontrolling interests	(627)


Net loss attributable to Stagwell Inc. common shareholders	$	(5,261)

Denominator:
Weighted average number of common shares outstanding	260,774
Loss Per Share - Basic and Diluted	$	(0.02)
















Anti-dilutive:
Class A Shares to settle deferred acquisition obligations	8,428
Stock Appreciation Rights and Restricted Awards	3,151
Employee Stock Purchase Plan shares	63

The following table presents the computations of basic and diluted loss per share for the six months ended June 30, 2025 (amounts in thousands, except per share amounts):


	Six Months Ended June 30,
	2025
Loss Per Share - Basic
Numerator:
Net loss	$	(9,959)

Net loss attributable to Class C shareholders	6,637
Net income attributable to other equity interest holders	(4,856)
Net loss attributable to noncontrolling and redeemable noncontrolling interests	$	1,781

Net loss attributable to Stagwell Inc. common shareholders	$	(8,178)

Denominator:
Weighted average number of common shares outstanding	186,843
Loss Per Share - Basic	$	(0.04)

Loss Per Share - Diluted
Numerator:
Net loss attributable to Stagwell Inc. common shareholders	$	(8,178)
Net loss attributable to Class C shareholders	(6,637)
	$	(14,815)

Denominator:
Basic - Weighted average number of common shares outstanding	186,843
Dilutive shares:
Class C Shares	78,757

Diluted - Weighted average number of common shares outstanding	265,600

Loss Per Share - Diluted	$	(0.06)

Anti-dilutive:
Class A Shares to settle deferred acquisition obligations	7,503
Stock Appreciation Rights and Restricted Awards	4,812
Employee Stock Purchase Plan shares	60

Restricted stock awards of 5.8 million and 4.8 million shares as of June 30, 2026, and 2025, respectively, were excluded from the computation of diluted loss per share because the performance contingencies necessary for vesting were not met as of the reporting date