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, 2023

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, 2023 and September 30, 2022:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022

Numerator:
Net Income (basic and diluted)	$	13,347	$	10,331	$	38,361	$	25,200
Denominator:
Weighted-average common shares outstanding		168,606		164,297		166,937		163,512
Dilutive effect of share-based awards		5,374		6,579		5,875		7,046
Weighted-average dilutive shares outstanding		173,980		170,876		172,812		170,558
Basic earnings per share	$	0.08	$	0.06	$	0.23	$	0.15
Diluted earnings per share	$	0.08	$	0.06	$	0.22	$	0.15

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 antidilutive. Approximately 5.3 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation in each of the three and nine months ended September 30, 2022 because they were also antidilutive.