MNTN, Inc. Earnings Per Share Disclosure
| Years Ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Numerator | |||||||||||
| Net loss | $ | (6,426) | $ | (32,877) | |||||||
| Numerator for basic and dilutive EPS – income available to common stockholders | $ | (6,426) | $ | (32,877) | |||||||
| Denominator | |||||||||||
Denominator for basic EPS – weighted average shares(1) | 50,904,497 | 13,813,436 | |||||||||
| Denominator for diluted EPS – adjusted weighted average shares and assumed conversions | 50,904,497 | 13,813,436 | |||||||||
Basic and Diluted EPS | $ | (0.13) | $ | (2.38) | |||||||
| Anti-Dilutive Securities excluded in the calculation of EPS | |||||||||||
| Stock options and restricted stock units | 6,865,459 | 8,284,694 | |||||||||
| Preferred stock | — | 41,994,022 | |||||||||
| Warrants | — | 3,499,894 | |||||||||
| Convertible debt | — | 2,215,674 | |||||||||
| Total potentially dilutive shares | 6,865,459 | 55,994,284 | |||||||||
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.