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

Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2022

11. Earnings (Loss) 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, 2022 and June 30, 2021:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021

Numerator:
Net Income (loss) (basic and diluted)	$	10,290	$	(12,568)	$	14,869	$	(6,924)
Denominator:
Weighted-average common shares outstanding		163,610		149,596		163,114		137,355
Dilutive effect of share-based awards		6,613		—		7,245		—
Weighted-average dilutive shares outstanding		170,223		149,596		170,359		137,355
Basic earnings (loss) per share	$	0.06	$	(0.08)	$	0.09	$	(0.05)
Diluted earnings (loss) per share	$	0.06	$	(0.08)	$	0.09	$	(0.05)

Approximately 5.5 million and 5.2 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, 2022, respectively, because they were antidilutive. Approximately 16.3 million and 16.4 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, 2021, respectively, because they were also antidilutive.