Privia Health Group, Inc. Earnings Per Share Disclosure
| For the Years Ended December 31, | |||||||||||||||||
| (in thousands, except for share and per share amounts) | 2025 | 2024 | 2023 | ||||||||||||||
Net income attributable to Privia Health Group, Inc. common stockholders | $ | 22,919 | $ | 14,385 | $ | 23,079 | |||||||||||
| Weighted average common shares outstanding - basic | 122,176,587 | 119,402,749 | 116,731,406 | ||||||||||||||
| Weighted average common share outstanding - diluted | 128,889,836 | 125,614,171 | 124,686,067 | ||||||||||||||
Earnings per share attributable to Privia Health Group, Inc. common stockholders – basic | $ | 0.19 | $ | 0.12 | $ | 0.20 | |||||||||||
Earnings per share attributable to Privia Health Group, Inc. common stockholders – diluted | $ | 0.18 | $ | 0.11 | $ | 0.19 | |||||||||||
| For the Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Weighted-average antidilutive shares outstanding | 2,717,690 | 6,614,649 | 3,648,907 | ||||||||||||||
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.