v3.25.2
Net Income (Loss) Per Common Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share
18.
NET INCOME (LOSS) PER COMMON SHARE

The computation of basic and diluted net income (loss) per common share is based on net income (loss) attributable to Biote stockholders divided by the basic and diluted weighted average number of shares of Class A common stock outstanding. The following table sets forth the computation of net income (loss) per common share:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands, except share and per share data)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net income (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to biote Corp. stockholders (basic and diluted)

 

$

3,185

 

 

$

(7,087

)

 

$

16,903

 

 

$

(11,248

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

31,625,485

 

 

 

33,072,156

 

 

 

31,556,017

 

 

 

34,185,578

 

Effect of dilutive securities

 

 

117,677

 

 

 

 

 

 

5,403,257

 

 

 

 

Weighted average shares outstanding - diluted

 

 

31,743,162

 

 

 

33,072,156

 

 

 

36,959,274

 

 

 

34,185,578

 

Net income (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.10

 

 

$

(0.21

)

 

$

0.54

 

 

$

(0.33

)

Diluted

 

$

0.10

 

 

$

(0.21

)

 

$

0.46

 

 

$

(0.33

)

Net income (loss) per common share information for the three and six months ended June 30, 2025 and 2024 reflects only the net income (loss) attributable to holders of Biote’s Class A common stock, as well as both basic and diluted weighted average Class A common stock outstanding. Net income (loss) per common share is not separately presented for Class V voting stock because it has no economic rights to the income or loss of the Company. Class V voting stock is considered in the calculation of dilutive net income (loss) per common share on an if-converted basis as these shares, together with the related non-controlling interests, have redemption

rights into Class A common stock that could result in additional Class A common stock being issued. All other potentially dilutive securities are determined based on the treasury stock method.

The Company excluded the following potential shares, presented based on amounts outstanding at each period end, from the computation of diluted weighted average shares outstanding for the periods indicated because including them would have had an antidilutive effect:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

RSUs

 

 

 

 

 

121,577

 

 

 

 

 

 

121,577

 

Stock Options

 

 

13,146,085

 

 

 

11,615,972

 

 

 

10,815,887

 

 

 

11,615,972

 

Class V Voting Stock

 

 

5,221,653

 

 

 

5,221,653

 

 

 

 

 

 

5,221,653

 

Member Earnout Units

 

 

2,028,226

 

 

 

2,028,226

 

 

 

2,028,226

 

 

 

2,028,226

 

Sponsor Earnout Shares

 

 

1,587,500

 

 

 

1,587,500

 

 

 

1,587,500

 

 

 

1,587,500

 

 

 

21,983,464

 

 

 

20,574,928

 

 

 

14,431,613

 

 

 

20,574,928