FG Nexus Inc. Earnings Per Share Disclosure
Net earnings per share is computed by dividing net income (loss) by the weighted average number of common shares and common share equivalents outstanding during the periods presented. In calculating diluted earnings per share, those potential common shares that are found to be anti-dilutive are excluded from the calculation. The table below provides a summary of the numerators and denominators used in determining basic and diluted earnings per share for the year ended December 31, 2025 and 2024 (in thousands, except per share amounts).
| Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Basic and diluted: | ||||||||
| Net loss from continuing operations | $ | (67,634 | ) | $ | (24,277 | ) | ||
| Net loss attributable to non-controlling interest | 160 | |||||||
| Discount on repurchase of Series A Preferred Shares | 16 | |||||||
| Dividends declared on Series A Preferred Shares | (1,788 | ) | (1,410 | ) | ||||
| Loss attributable to FG Nexus common shareholders from continuing operations | $ | (69,406 | ) | $ | (25,527 | ) | ||
| Weighted average common shares outstanding | ||||||||
| Loss per common share from continuing operations | $ | ) | $ | ) | ||||
| As of December 31, | ||||||||
| 2025 | 2024 | |||||||
| Options to purchase common stock | 3,200 | 5,358 | ||||||
| Warrants | 877,316 | 4,516 | ||||||
| Restricted stock units | 6,265 | |||||||
| 880,516 | 16,139 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 27, 2026 | Showing above |
| 2024 | Mar 31, 2025 | |
| 2023 | Mar 14, 2024 | |
| 2022 | Mar 24, 2023 | |
| 2021 | Mar 30, 2022 | |
| 2020 | Mar 18, 2021 | |
| 2019 | Mar 30, 2020 | |
| 2018 | Mar 20, 2019 | |
| 2017 | Mar 26, 2018 | |
| 2015 | Mar 17, 2016 | |
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.