Presurance Holdings, Inc. Earnings Per Share Disclosure
14. Earnings Per Share
Basic and diluted earnings (loss) per share are computed by dividing net income allocable to common shareholders by the weighted average number of common shares outstanding during the period. The dividends on the Series A Preferred Stock are deducted from the net income to arrive at net income allocable to common shareholders. The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except share and per share amounts):
|
|
Year Ended |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Net income (loss) from continuing operations |
|
$ |
(18,438 |
) |
|
$ |
(34,240 |
) |
Net income from discontinued operations |
|
|
- |
|
|
|
58,587 |
|
Net income (loss) |
|
|
(18,438 |
) |
|
|
24,347 |
|
Series A Preferred Stock Dividends and Redemption premium |
|
|
- |
|
|
|
817 |
|
Net income (loss) allocable to common shareholders |
|
$ |
(18,438 |
) |
|
$ |
23,530 |
|
|
|
|
|
|
|
|
||
Earnings (loss) per common share, basic and diluted |
|
|
|
|
|
|
||
Net income (loss) from continuing operations |
|
$ |
(1.51 |
) |
|
$ |
(2.87 |
) |
Net income from discontinued operations |
|
$ |
- |
|
|
$ |
4.79 |
|
Net income (loss) allocable to common shareholders |
|
$ |
(1.51 |
) |
|
$ |
1.93 |
|
|
|
|
|
|
|
|
||
Weighted average common shares, basic and diluted * |
|
|
12,222,881 |
|
|
|
12,222,881 |
|
* There were no unvested restricted stock units as of December 31, 2025 and 2024, respectively. The 106,000 and 165,000 of non-vested shares of stock options were anti-dilutive as of December 31, 2025 and 2024, respectively. The 4,000,000 of Warrants were anti-dilutive as of December 31, 2025. There were no Warrants outstanding as of December 31, 2024. Therefore, the basic and diluted weighted average common shares are equal for the years ended December 31, 2025 and 2024, respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 27, 2026 | Showing above |
| 2024 | Mar 28, 2025 | |
| 2023 | Apr 1, 2024 | |
| 2022 | Mar 27, 2023 | |
| 2021 | Mar 10, 2022 | |
| 2020 | Mar 11, 2021 | |
| 2019 | Mar 12, 2020 | |
| 2018 | Mar 13, 2019 | |
| 2017 | Mar 15, 2018 | |
| 2016 | Mar 15, 2017 | |
| 2015 | Mar 15, 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.