Ridgepost Capital, Inc. Earnings Per Share Disclosure
Note 17. Earnings (Loss) Per Share
The Company presents basic EPS and diluted EPS for our common stock. Basic EPS excludes potential dilution and is computed by dividing net income/(loss) by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if shares of common stock were issued pursuant to our stock-based compensation awards. For the years ended December 31, 2025 and December 31, 2024, diluted EPS also reflects the potential dilution that could occur assuming that all units in Ridgepost, LLC that were granted as a result of the WTI acquisition are converted to shares of Class A common stock. Because the impact of these items is generally anti-dilutive during periods of net loss, there is no difference between basic and diluted loss per common share for periods with net losses.
The Company has Class A and Class B shares outstanding, therefore follows the two-class method. However, the shares are entitled to the same amount of the Company's earnings therefore the earnings per share calculation for Class A and Class B shares will always be equivalent.
The following table presents a reconciliation of the numerators and denominators used in the computation of basic and diluted EPS:
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For the Year Ended December 31, |
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2025 |
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2024 |
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2023 |
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Numerator: |
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Numerator for basic calculation—Net income/(loss) |
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Numerator for basic calculation—Net income/(loss) |
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$ |
19,501 |
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$ |
18,700 |
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$ |
(7,133 |
) |
Adjustment for: |
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Net income/(loss) attributable to noncontrolling interests in Ridgepost, LLC |
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1,113 |
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967 |
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(639 |
) |
Numerator for earnings/(losses) per share |
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Numerator for earnings/(losses) per share assuming dilution |
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$ |
20,614 |
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$ |
19,667 |
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$ |
(7,772 |
) |
Denominator: |
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Denominator for basic calculation—Weighted- |
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110,394 |
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112,549 |
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116,104 |
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Weighted shares assumed upon exercise of partnership units |
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3,917 |
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3,917 |
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- |
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Weighted shares assumed upon exercise of stock |
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3,475 |
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3,909 |
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- |
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Weighted shares assumed upon the termination of an acquisition equity holdback period |
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273 |
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- |
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- |
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Denominator for earnings/(losses) per share assuming dilution |
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118,059 |
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120,375 |
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116,104 |
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Earnings/(losses) per Class A share—basic |
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$ |
0.18 |
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$ |
0.17 |
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$ |
(0.06 |
) |
Earnings/(losses) per Class A share—diluted |
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$ |
0.17 |
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$ |
0.16 |
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$ |
(0.06 |
) |
Earnings/(losses) per Class B share—basic |
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$ |
0.18 |
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$ |
0.17 |
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$ |
(0.06 |
) |
Earnings/(losses) per Class B share—diluted |
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$ |
0.17 |
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$ |
0.16 |
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$ |
(0.06 |
) |
The computations of diluted earnings per share on a weighted average basis would exclude 8.0 million options for the year ended December 31, 2025 and 8.8 million shares of common stock for the year ended December 31, 2024, respectively, because the options were anti-dilutive. If the Company was in a net income position, the computations of diluted earnings per share excluded options to purchase 7.0 million shares of common stock for the year ended December 31, 2023.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2023 | Mar 13, 2024 | |
| 2022 | Mar 27, 2023 | |
| 2021 | Mar 21, 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.