Stagwell IncSTGW
Stagwell Inc Earnings Per Share Disclosure
6. Earnings Per Share
The following table presents the computations of basic and diluted earnings per common share for the year ended December 31, 2025 (amounts in thousands, except per share amounts):
| Year Ended December 31, | |||||
| 2025 | |||||
| Earnings Per Share - Basic | |||||
| Numerator: | |||||
| Net income | $ | 30,626 | |||
| Net loss attributable to Class C shareholders | 6,637 | ||||
| Net income attributable to other equity interest holders | (8,162) | ||||
| Net income attributable to noncontrolling and redeemable noncontrolling interests | (1,525) | ||||
| Net income attributable to Stagwell Inc. common shareholders | $ | 29,101 | |||
| Denominator: | |||||
| Weighted average number of common shares outstanding | 220,608 | ||||
| Earnings Per Share - Basic | $ | 0.13 | |||
| Earnings Per Share - Diluted | |||||
| Numerator: | |||||
| Net income attributable to Stagwell Inc. common shareholders | $ | 29,101 | |||
| Net loss attributable to Class C shareholders | (6,637) | ||||
| $ | 22,464 | ||||
| Denominator: | |||||
| Basic - Weighted average number of common shares outstanding | 220,608 | ||||
| Dilutive shares: | |||||
| Class C Shares | 39,055 | ||||
| Stock Appreciation Rights and Restricted Awards | 4,855 | ||||
| Employee Stock Purchase Plan shares | 5 | ||||
| 43,915 | |||||
| Diluted - Weighted average number of common shares outstanding | 264,523 | ||||
| Earnings Per Share - Diluted | $ | 0.08 | |||
| Anti-dilutive: | |||||
Class A Shares to settle deferred acquisition obligations | 5,748 | ||||
The following table presents the computations of basic and diluted loss per common share for the year ended December 31, 2024 (amounts in thousands, except per share amounts):
| Year Ended December 31, | |||||
| 2024 | |||||
| Earnings Per Share - Basic | |||||
| Numerator: | |||||
| Net income | $ | 25,044 | |||
| Net income attributable to Class C shareholders | (17,144) | ||||
| Net income attributable to other equity interest holders | (5,641) | ||||
| Net income attributable to noncontrolling and redeemable noncontrolling interests | (22,785) | ||||
| Net income attributable to Stagwell Inc. common shareholders | $ | 2,259 | |||
| Denominator: | |||||
| Weighted average number of common shares outstanding | 110,890 | ||||
| Earnings Per Share - Basic | $ | 0.02 | |||
| Earnings Per Share - Diluted | |||||
| Numerator: | |||||
| Net income attributable to Stagwell Inc. common shareholders | $ | 2,259 | |||
| Denominator: | |||||
| Basic - Weighted average number of common shares outstanding | 110,890 | ||||
| Dilutive shares: | |||||
| Stock appreciation rights | 461 | ||||
| Restricted share and restricted unit awards | 4,395 | ||||
| Employee Stock Purchase Plan shares | 6 | ||||
| 4,862 | |||||
| Diluted - Weighted average number of common shares outstanding | 115,752 | ||||
| Earnings Per Share - Diluted | $ | 0.02 | |||
| Anti-dilutive: | |||||
| Class C Shares | 151,649 | ||||
Class A Shares to settle deferred acquisition obligations | 6,236 | ||||
The following table presents the computations of basic and diluted earnings per common share for the year ended December 31, 2023 (amounts in thousands, except per share amounts):
| Year Ended December 31, | |||||
| 2023 | |||||
Earnings Per Share - Basic | |||||
| Numerator: | |||||
Net income | $ | 41,642 | |||
Net income attributable to Class C shareholders | (39,066) | ||||
Net income attributable to other equity interest holders | (2,442) | ||||
Net income attributable to noncontrolling and redeemable noncontrolling interests | (41,508) | ||||
Net income attributable to Stagwell Inc. common shareholders | $ | 134 | |||
| Denominator: | |||||
| Weighted Average number of common shares outstanding | 117,259 | ||||
Earnings Per Share - Basic | $ | — | |||
| Earnings Per Share - Diluted | |||||
| Numerator: | |||||
Net income attributable to Stagwell Inc. common shareholders | $ | 134 | |||
| Denominator: | |||||
| Basic - Weighted Average number of common shares outstanding | 117,259 | ||||
| Dilutive shares: | |||||
| Stock appreciation rights | 421 | ||||
| Restricted share and restricted unit awards | 4,485 | ||||
| Employee Stock Purchase Plan shares | 5 | ||||
| 4,911 | |||||
| Diluted - Weighted average number of common shares outstanding | 122,170 | ||||
Earnings Per Share - Diluted | $ | — | |||
| Anti-dilutive: | |||||
| Class C Shares | 154,972 | ||||
| Class A Shares to settle deferred acquisition obligations | 5,127 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 13, 2026 | Showing above |
| 2024 | Mar 11, 2025 | |
| 2023 | Mar 11, 2024 | |
| 2022 | Mar 6, 2023 | |
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.