GEN Restaurant Group, Inc. Earnings Per Share Disclosure
Basic net (loss) income per share of Class A common stock is computed by dividing net income attributable to GEN Restaurant Group, Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted net income per share of Class A common stock is computed by dividing net income attributable to GEN Inc. by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive elements. Diluted net income per share for any periods for which loss per share is presented is the same as basic net income per share as the inclusion of potentially issuable shares would be antidilutive.
A calculation of the numerator and denominator used in the calculation of basic and diluted net income per share of Class A common stock is as follows:
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Year ended December 31, |
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(in thousands, except per share data) |
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2025 |
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2024 |
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Numerator: |
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Net (loss) income |
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$ |
(19,375 |
) |
$ |
4,532 |
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Less: Net (loss) income attributable to non-controlling interest |
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(16,349 |
) |
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3,940 |
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Net (loss) income attributable to Class A common stockholders |
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$ |
(3,026 |
) |
$ |
592 |
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Denominator: |
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Weighted-average shares of Class A common stock outstanding - basic and diluted |
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5,164 |
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4,668 |
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Net (loss) income per share of Class A common stock - basic and diluted |
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$ |
(0.59 |
) |
$ |
0.13 |
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For the year ended December 31, 2025, 27,886,912 shares of Class B common stock was excluded from the weighted-average in the computation of diluted net income per share of Class A common stock because the effect would have been anti-dilutive. For the year ended December 31, 2023, 28,141,566 shares of Class B common stock was excluded from the weighted-average in the computation of diluted net income per share of Class A common stock because the effect would have been anti-dilutive.
Shares of Class B common stock do not share in the earnings or losses of GEN Inc. and are therefore not participating securities. Separate calculations of basic and diluted net income per share for Class B common stock has not been presented.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Mar 10, 2025 | |
| 2023 | Mar 6, 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.