DoubleVerify Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

6 Months Ended

Jun. 30, 2024

11. Earnings Per Share

The following table reconciles the numerators and denominators used in computations of the basic and diluted EPS for the three and six months ended June 30, 2024 and June 30, 2023:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023

Numerator:
Net Income (basic and diluted)	$	7,474	$	12,839	$	14,630	$	25,014
Denominator:
Weighted-average common shares outstanding		171,628		166,540		171,467		166,088
Dilutive effect of share-based awards		4,333		5,948		5,383		6,041
Weighted-average dilutive shares outstanding		175,961		172,488		176,850		172,129
Basic earnings per share	$	0.04	$	0.08	$	0.09	$	0.15
Diluted earnings per share	$	0.04	$	0.07	$	0.08	$	0.15

Approximately 8.9 million and 3.9 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation in the three and six months ended June 30, 2024, respectively, because they were antidilutive. Approximately 8.6 million and 7.7 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation in the three and six months ended June 30, 2023, respectively, because they were also antidilutive.