DAWSON GEOPHYSICAL CO Earnings Per Share Disclosure
13. Net Loss per Share
Basic net loss per share is computed by dividing the net loss by the weighted average shares outstanding. Diluted loss per share is computed by dividing the net loss by the weighted average diluted shares outstanding.
The computation of basic and diluted loss per share was as follows (in thousands, except share and per share data):
Year Ended December 31, | |||||||
| 2025 | | 2024 |
| |||
Net loss | $ | (1,941) | $ | (4,119) | |||
Weighted average common shares outstanding | |||||||
Basic |
| 31,016,792 |
| 30,879,855 | |||
Dilutive common stock options, restricted stock unit awards and restricted stock awards | — | — | |||||
Diluted | 31,016,792 | 30,879,855 | |||||
Basic loss per share of common stock | $ | (0.06) | $ | (0.13) | |||
Diluted loss per share of common stock | $ | (0.06) | $ | (0.13) | |||
The Company had a net loss in the years ended December 31, 2025 and 2024. As a result, all stock options, restricted stock unit awards, and restricted stock awards were anti-dilutive and excluded from weighted average shares used in determining the diluted loss per share of common stock for the respective periods.
The following weighted average potentially dilutive securities have been from the calculation of diluted loss per share of common stock, as their effect would be anti-dilutive for the years ended December 31, 2025 and 2024:
| Year Ended December 31, | |||||||
| 2025 | | 2024 |
| ||||
Restricted stock units | 88,529 | 47,849 | ||||||
Total | 88,529 | 47,849 | ||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Apr 2, 2025 | |
| 2023 | Apr 1, 2024 | |
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.