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

9 Months Ended

Sep. 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 nine months ended September 30, 2024 and September 30, 2023:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023

Numerator:
Net Income (basic and diluted)	$	18,201	$	13,347	$	32,831	$	38,361
Denominator:
Weighted-average common shares outstanding		170,254		168,606		171,060		166,937
Dilutive effect of share-based awards		3,657		5,374		4,808		5,875
Weighted-average dilutive shares outstanding		173,911		173,980		175,868		172,812
Basic earnings per share	$	0.11	$	0.08	$	0.19	$	0.23
Diluted earnings per share	$	0.10	$	0.08	$	0.19	$	0.22

Approximately 10.7 million and 4.3 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation in the three and nine months ended September 30, 2024, respectively, because they were antidilutive. Approximately 7.7 million and 7.8 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation in the three and nine months ended September 30, 2023, respectively, because they were also antidilutive.