BRC Group Holdings, Inc. Earnings Per Share Disclosure
| Year Ended December 31, 2025 | |||||||||||||||||
| Continuing Operations | Discontinued Operations | Total | |||||||||||||||
| Net income | $ | 239,444 | $ | 70,841 | $ | 310,285 | |||||||||||
| Net income attributable to noncontrolling interests | 2,870 | — | 2,870 | ||||||||||||||
| Net income attributable to BRC Group Holdings, Inc. | 236,574 | 70,841 | 307,415 | ||||||||||||||
| Preferred stock dividends | 8,060 | — | 8,060 | ||||||||||||||
| Net income available to common shareholders | $ | 228,514 | $ | 70,841 | $ | 299,355 | |||||||||||
| Year Ended December 31, 2024 | |||||||||||||||||
| Continuing Operations | Discontinued Operations | Total | |||||||||||||||
| Net (loss) income | $ | (922,409) | $ | 147,470 | $ | (774,939) | |||||||||||
| Net loss attributable to noncontrolling interests | (8,920) | (1,745) | (10,665) | ||||||||||||||
| Net (loss) income attributable to BRC Group Holdings, Inc. | (913,489) | 149,215 | (764,274) | ||||||||||||||
| Preferred stock dividends | 8,060 | — | 8,060 | ||||||||||||||
| Net (loss) income available to common shareholders | $ | (921,549) | $ | 149,215 | $ | (772,334) | |||||||||||
Year Ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Weighted average common shares outstanding: | |||||||||||
| Basic | 30,555,258 | 30,336,274 | |||||||||
| Effect of dilutive potential common shares: | |||||||||||
| Restricted stock units, warrants, and stock options | — | — | |||||||||
| Diluted | 30,555,258 | 30,336,274 | |||||||||
| Basic net income (loss) per common share: | |||||||||||
| Continuing operations | $ | 7.48 | $ | (30.38) | |||||||
| Discontinued operations | 2.32 | 4.92 | |||||||||
| Basic income (loss) per common share | $ | 9.80 | $ | (25.46) | |||||||
| Diluted net income (loss) per common share: | |||||||||||
| Continuing operations | $ | 7.48 | $ | (30.38) | |||||||
| Discontinued operations | 2.32 | 4.92 | |||||||||
| Diluted income (loss) per common share | $ | 9.80 | $ | (25.46) | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Sep 19, 2025 | |
| 2023 | Apr 24, 2024 | |
| 2022 | Mar 16, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Mar 4, 2021 | |
| 2019 | Mar 10, 2020 | |
| 2018 | Mar 6, 2019 | |
| 2017 | Mar 14, 2018 | |
| 2016 | Mar 10, 2017 | |
| 2015 | Mar 28, 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.