United Homes Group, Inc. Earnings Per Share Disclosure
| December 31, 2025 | December 31, 2024 | ||||||||||
| Net (loss) income | $ | (16,252) | $ | 46,906 | |||||||
| Basic income available to common shareholders | (16,252) | 46,906 | |||||||||
| Effect of dilutive securities: | |||||||||||
| Add back: | |||||||||||
| Change in fair value of stock options - liability classified, net of tax | — | (252) | |||||||||
| Interest on Convertible Notes payable, net of tax | — | 10,173 | |||||||||
| Diluted (loss) income available to common shareholders | $ | (16,252) | $ | 56,827 | |||||||
| Weighted-average number of common shares outstanding - basic | 58,703,395 | 48,967,507 | |||||||||
| Effect of dilutive securities: | |||||||||||
| Stock options - equity classified | — | 349,035 | |||||||||
| Stock options - liability classified | — | 36,006 | |||||||||
| Restricted stock units | — | 7,395 | |||||||||
| Stock warrants | — | 261,199 | |||||||||
Convertible Notes(1) | — | 13,518,778 | |||||||||
| Weighted-average number of common shares outstanding - diluted | 58,703,395 | 63,139,920 | |||||||||
| (Loss) earnings per share: | |||||||||||
| Basic | $ | (0.28) | $ | 0.96 | |||||||
| Diluted | $ | (0.28) | $ | 0.90 | |||||||
| December 31, 2025 | December 31, 2024 | ||||||||||
| Stock warrants | 746,947 | — | |||||||||
| Private placement warrants | 2,966,663 | 2,966,663 | |||||||||
| Public warrants | 8,625,000 | 8,625,000 | |||||||||
| Stock options - equity classified | 5,697,161 | 4,420,414 | |||||||||
| Stock options - liability classified | 87,153 | 37,750 | |||||||||
| Restricted stock units | 102,338 | 49,018 | |||||||||
| Total anti-dilutive features | 18,225,262 | 16,098,845 | |||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 13, 2026 | Showing above |
| 2024 | Mar 14, 2025 | |
| 2023 | Mar 15, 2024 | |
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.