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, 2023

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 six months ended June 30, 2023 and June 30, 2022:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022

Numerator:
Net Income (basic and diluted)	$	12,839	$	10,290	$	25,014	$	14,869
Denominator:
Weighted-average common shares outstanding		166,540		163,610		166,088		163,114
Dilutive effect of share-based awards		5,948		6,613		6,041		7,245
Weighted-average dilutive shares outstanding		172,488		170,223		172,129		170,359
Basic earnings per share	$	0.08	$	0.06	$	0.15	$	0.09
Diluted earnings per share	$	0.07	$	0.06	$	0.15	$	0.09

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 antidilutive.

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 also antidilutive.