Falcon's Beyond Global, Inc. Earnings Per Share Disclosure
The weighted average shares of common stock outstanding used to determine the Company’s Net income per share reflects the following:
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Year ended |
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(amounts in thousands, except number of shares and amount per share) |
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December 31, |
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December 31, |
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Numerator: |
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Net income |
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$ |
6,312 |
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$ |
149,481 |
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Net income attributable to noncontrolling interests |
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2,921 |
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127,424 |
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Series B Preferred Stock dividends |
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(1,040 |
) |
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— |
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Net income available to Class A common stockholders |
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2,351 |
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22,057 |
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Adjustment for dilutive RSUs |
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— |
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2 |
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Adjustment for dilutive warrants |
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(1,230 |
) |
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— |
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Adjustment for dilutive earnout units at Falcon’s Beyond Global, LLC |
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— |
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(4,100 |
) |
Dilutive net income attributable to Class A common stockholders |
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$ |
1,121 |
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$ |
17,959 |
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Denominator: |
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Weighted average Class A common stock outstanding - basic |
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39,209,147 |
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12,539,377 |
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Adjustment for dilutive RSUs |
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— |
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1,353 |
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Adjustment for dilutive warrants |
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46,738 |
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— |
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Adjustment for dilutive Class A earnout shares |
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— |
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185,446 |
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Weighted average Class A common stock outstanding – diluted |
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39,255,885 |
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12,726,176 |
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Net income per Class A common share - basic: |
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0.06 |
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1.76 |
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Net income per Class A common share – diluted: |
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0.03 |
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1.41 |
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The following securities were not included in the 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 period:
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Year ended |
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December 31, |
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December 31, |
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Class A earnout shares |
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625,000 |
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1,000,000 |
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Class B earnout shares |
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24,375,000 |
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39,000,000 |
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Series B Preferred Stock shares |
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6,715,721 |
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— |
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Warrants to purchase common stock |
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— |
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5,177,089 |
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RSUs |
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626,250 |
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|
965,165 |
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Class A shares subject to forfeiture under the deferred settlement agreement |
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360,000 |
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— |
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375,000 of the unvested Class A earnout shares are subject to forfeiture under the deferred settlement agreement.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 30, 2026 | Showing above |
| 2024 | Apr 3, 2025 | |
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.