Inspired Entertainment, Inc. Earnings Per Share Disclosure
Basic income/loss per share (“EPS”) is computed by dividing net income/loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential shares of common stock outstanding during the period, including stock options and RSUs, unless the inclusion would be anti-dilutive.
Year Ended December 31, 2024 | Year Ended December 31, 2023 | Year Ended December 31, 2022 | |||||||||||
| RSUs | 253,750 | 799,756 | 382,500 | ||||||||||
Income (Numerator) (in millions) | Shares (Denominator) | Per-Share Amount, Year Ended December 31, 2024 | ||||||||||
| Basic EPS | ||||||||||||
| Income available to common stockholders | $ | 64.8 | 28,521,027 | $ | 2.27 | |||||||
| Effect of Dilutive Securities | ||||||||||||
| RSUs | 678,348 | (0.05 | ) | |||||||||
| Diluted EPS | ||||||||||||
| Income available to common stockholders | $ | 64.8 | $ | 29,199,375 | $ | 2.22 | ||||||
Income (Numerator) (in millions) | Shares (Denominator) | Per-Share Amount, Year Ended December 31, 2023 | ||||||||||
| Basic EPS | ||||||||||||
| Income available to common stockholders | $ | 6.9 | 28,073,408 | $ | 0.25 | |||||||
| Effect of Dilutive Securities | ||||||||||||
| RSUs | 1,141,175 | (0.01 | ) | |||||||||
| Diluted EPS | ||||||||||||
| Income available to common stockholders | $ | 6.9 | $ | 29,214,583 | $ | 0.24 | ||||||
Income (Numerator) (in millions) | Shares (Denominator) | Per-Share Amount, Year Ended December 31, 2022 | ||||||||||
| Basic EPS | ||||||||||||
| Income available to common stockholders | $ | 21.2 | 28,049,918 | $ | 0.76 | |||||||
| Effect of Dilutive Securities | ||||||||||||
| RSUs | 1,042,937 | (0.03 | ) | |||||||||
| Diluted EPS | ||||||||||||
| Income available to common stockholders | $ | 21.2 | $ | 29,092,855 | $ | 0.73 | ||||||
The calculation of Basic EPS includes the effects of , and shares for the years ended December 31 2024, 2023 and 2022, respectively, with respect to RSU awards that have vested but have not yet been issued.
INSPIRED ENTERTAINMENT, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2024 AND 2023, AND FOR THE YEARS ENDED
DECEMBER 31, 2024, 2023 AND 2022
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.