1stdibs.com, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| (in thousands, except share and per share amounts) | 2025 | 2024 | 2023 | ||||||||||||||
| Numerator: | |||||||||||||||||
| Net loss | $ | (13,666) | $ | (18,633) | $ | (22,699) | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted average common shares outstanding—basic and diluted | 36,096,469 | 37,820,400 | 39,724,697 | ||||||||||||||
| Net loss per share—basic and diluted | $ | (0.38) | $ | (0.49) | $ | (0.57) | |||||||||||
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Options to purchase common stock | 2,405,436 | 3,560,144 | 3,831,710 | ||||||||||||||
| Restricted stock units | 4,221,609 | 4,230,176 | 3,400,489 | ||||||||||||||
| Total | 6,627,045 | 7,790,320 | 7,232,199 | ||||||||||||||
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.