Bumble Inc. Earnings Per Share Disclosure
Note 14 - Loss per Share
The following table sets forth a reconciliation of the numerators used to compute the Company's basic and diluted loss per share (in thousands).
|
|
Year Ended December 31, 2024 |
|
|
Year Ended December 31, 2023 |
|
|
Year Ended December 31, 2022 |
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Numerator: |
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|
|
|
|
|
|
|
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|||
Net loss |
|
$ |
(768,374 |
) |
|
$ |
(1,868 |
) |
|
$ |
(114,124 |
) |
Net earnings (loss) attributable to noncontrolling interests |
|
|
(211,366 |
) |
|
|
2,345 |
|
|
|
(34,378 |
) |
Net loss attributable to Bumble Inc. shareholders |
|
$ |
(557,008 |
) |
|
$ |
(4,213 |
) |
|
$ |
(79,746 |
) |
The following table sets forth the computation of the Company's basic and diluted loss per share (in thousands, except share amounts, and per share amounts).
|
|
Year Ended December 31, 2024 |
|
|
Year Ended December 31, 2023 |
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|
Year Ended December 31, 2022 |
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Basic loss per share attributable to common stockholders |
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|
|
|
|
|
|
|
|
|||
Numerator |
|
|
|
|
|
|
|
|
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|||
Allocation of net loss attributable to Bumble Inc. shareholders |
|
$ |
(557,267 |
) |
|
$ |
(4,286 |
) |
|
$ |
(79,691 |
) |
Less: net loss attributable to participating securities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net loss attributable to common stockholders |
|
$ |
(557,267 |
) |
|
$ |
(4,286 |
) |
|
$ |
(79,691 |
) |
Denominator |
|
|
|
|
|
|
|
|
|
|||
Weighted average number of shares of Class A common stock outstanding |
|
|
120,824,549 |
|
|
|
134,936,824 |
|
|
|
129,421,157 |
|
Basic loss per share attributable to common stockholders |
|
$ |
(4.61 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.62 |
) |
|
|
|
|
|
|
|
|
|
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|||
Diluted loss per share attributable to common stockholders |
|
|
|
|
|
|
|
|
|
|||
Numerator |
|
|
|
|
|
|
|
|
|
|||
Allocation of net loss attributable to Bumble Inc. shareholders |
|
$ |
(557,267 |
) |
|
$ |
(4,315 |
) |
|
$ |
(79,691 |
) |
Increase in net loss attributable to common shareholders upon conversion of potentially dilutive Common Units |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Less: net loss attributable to participating securities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net loss attributable to common stockholders |
|
$ |
(557,267 |
) |
|
$ |
(4,315 |
) |
|
$ |
(79,691 |
) |
Denominator |
|
|
|
|
|
|
|
|
|
|||
Number of shares used in basic computation |
|
|
120,824,549 |
|
|
|
134,936,824 |
|
|
|
129,421,157 |
|
Add: weighted-average effect of dilutive securities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Weighted average shares of Class A common stock outstanding used to calculate diluted loss per share |
|
|
120,824,549 |
|
|
|
134,936,824 |
|
|
|
129,421,157 |
|
Diluted loss per share attributable to common stockholders |
|
$ |
(4.61 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.62 |
) |
The following table sets forth potentially dilutive securities that were excluded from the diluted loss per share computation because the effect would be anti-dilutive, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the periods:
|
|
Year Ended December 31, 2024 |
|
|
Year Ended December 31, 2023 |
|
|
Year Ended December 31, 2022 |
|
|||
Time-vesting awards: |
|
|
|
|
|
|
|
|
|
|||
Options |
|
|
4,936,095 |
|
|
|
3,528,145 |
|
|
|
2,946,118 |
|
Restricted shares |
|
|
6,366 |
|
|
|
32,255 |
|
|
|
58,247 |
|
RSUs |
|
|
7,198,957 |
|
|
|
6,557,643 |
|
|
|
4,845,852 |
|
Incentive units |
|
|
935,078 |
|
|
|
462,301 |
|
|
|
3,857,248 |
|
Total time-vesting awards |
|
|
13,076,496 |
|
|
|
10,580,344 |
|
|
|
11,707,465 |
|
|
|
|
|
|
|
|
|
|
|
|||
Exit-vesting awards: |
|
|
|
|
|
|
|
|
|
|||
Options |
|
|
58,062 |
|
|
|
79,908 |
|
|
|
164,362 |
|
Restricted shares |
|
|
3,690 |
|
|
|
28,386 |
|
|
|
55,744 |
|
RSUs |
|
|
84,065 |
|
|
|
333,296 |
|
|
|
761,473 |
|
Incentive units |
|
|
619,036 |
|
|
|
843,551 |
|
|
|
3,724,214 |
|
Total exit-vesting awards |
|
|
764,853 |
|
|
|
1,285,141 |
|
|
|
4,705,793 |
|
Total |
|
|
13,841,349 |
|
|
|
11,865,485 |
|
|
|
16,413,258 |
|
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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.