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, 2021

10. 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:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020

Numerator:
Net Income (basic and diluted)	$	7,924	$	5,805	$	1,000	$	12,323
Denominator:
Weighted-average common shares outstanding		158,045		139,841		144,305		139,779
Dilutive effect of share-based awards		9,000		6,713		9,242		7,064
Weighted-average dilutive shares outstanding		167,045		146,554		153,547		146,843
Basic earnings per share	$	0.05	$	0.04	$	0.01	$	0.09
Diluted earnings per share	$	0.05	$	0.04	$	0.01	$	0.08

Approximately 4.6 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, 2021, respectively, because they were antidilutive. Approximately 9.2 million, and 7.5 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, 2020, respectively, because they were also antidilutive.