Frontier Group Holdings, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Basic: | |||||||||||||||||
| Net income (loss) | $ | (137) | $ | 85 | $ | (11) | |||||||||||
| Less: net income attributable to participating rights | — | (1) | — | ||||||||||||||
| Net income (loss) attributable to common stockholders | $ | (137) | $ | 84 | $ | (11) | |||||||||||
| Weighted-average common shares outstanding, basic | 227,773,074 | 224,333,034 | 220,097,989 | ||||||||||||||
| Earnings (loss) per share, basic | $ | (0.60) | $ | 0.37 | $ | (0.05) | |||||||||||
| Diluted: | |||||||||||||||||
| Net income (loss) | $ | (137) | $ | 85 | $ | (11) | |||||||||||
| Less: net income attributable to participating rights | — | (1) | — | ||||||||||||||
| Net income (loss) attributable to common stockholders | $ | (137) | $ | 84 | $ | (11) | |||||||||||
| Weighted-average common shares outstanding, basic | 227,773,074 | 224,333,034 | 220,097,989 | ||||||||||||||
| Effect of dilutive potential common shares | — | 2,159,100 | — | ||||||||||||||
| Weighted-average common shares outstanding, diluted | 227,773,074 | 226,492,134 | 220,097,989 | ||||||||||||||
| Earnings (loss) per share, diluted | $ | (0.60) | $ | 0.37 | $ | (0.05) | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2024 | Feb 18, 2025 | |
| 2023 | Feb 20, 2024 | |
| 2022 | Feb 22, 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.