EverCommerce Inc. Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
(in thousands except per share amounts) | |||||||||||||||||
| Numerator: | |||||||||||||||||
Net loss attributable to common stockholders | $ | (41,089) | $ | (45,620) | $ | (59,816) | |||||||||||
| Denominator: | |||||||||||||||||
Weighted-average shares of common stock outstanding, basic and diluted | 184,898 | 188,939 | 194,625 | ||||||||||||||
| Basic and diluted net loss per share attributable to common stockholders | $ | (0.22) | $ | (0.24) | $ | (0.31) | |||||||||||
| December 31, | |||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
Outstanding stock options and unvested RSUs | 18,390 | 16,674 | 18,959 | ||||||||||||||
Shares of common stock pursuant to ESPP | 196 | 278 | 341 | ||||||||||||||
| Total anti-dilutive outstanding potential common stock | 18,586 | 16,952 | 19,300 | ||||||||||||||
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.