Townsquare Media, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Numerator: | |||||||||||
| Net loss | $ | (9,750) | $ | (10,928) | |||||||
| Net income from non-controlling interest | $ | 1,766 | $ | 1,776 | |||||||
| Net loss attributable to controlling interest | $ | (11,516) | $ | (12,704) | |||||||
| Denominator: | |||||||||||
| Weighted average shares of common stock outstanding | 16,184 | 15,601 | |||||||||
| Effect of dilutive common stock equivalents | — | — | |||||||||
| Weighted average diluted common shares outstanding | 16,184 | 15,601 | |||||||||
| Basic loss per share: | $ | (0.71) | $ | (0.81) | |||||||
| Diluted loss per share: | $ | (0.71) | $ | (0.81) | |||||||
| Year Ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Stock options | 5,716 | 7,106 | |||||||||
| Stock options with unsatisfied market conditions | 1,280 | 1,173 | |||||||||
| Restricted stock units | 474 | 367 | |||||||||
| Restricted stock units with unsatisfied market conditions | 682 | 388 | |||||||||
| Restricted stock awards | 135 | 122 | |||||||||
| Shares expected to be issued under stock bonus program | 751 | 384 | |||||||||
| Shares expected to be issued under the 2021 Employee Stock Purchase Plan | 40 | 39 | |||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 16, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
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.