v3.26.1
Earnings Per Share
 12 Months Ended
Dec. 31, 2025
Income (loss) per share attributable to MDB Capital Holdings, LLC:  
Earnings Per Share

8. Earnings Per Share

 

The Company’s computation of earnings (loss) per share (“EPS”) includes basic and diluted EPS. Basic EPS is measured as the income (loss) attributable to common stockholders divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., preferred shares, warrants and stock options) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS

 

Loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the respective periods. Basic and diluted loss per common share was the same for all periods presented because stock warrants outstanding were anti-dilutive, for a total of 43 thousand warrants.

 

Earning Earnings per share is presented below for the years ended December 31, 2025 and 2024, respectively.

 

Basic earnings per share is calculated at follows for the years ended December 31, 2025 and 2024 (in thousands, except for share price):

  

             
   For the Years Ended 
Basic  December 31, 2025   December 31, 2024 
   Class A Common Shares   Class B Common Shares   Class A Common Shares   Class B Common Shares 
Net income (loss) attributable to MDB Capital Holdings, LLC  $(10,768)  $(10,477)  $5,817   $5,875 
                     
Weighted average shares outstanding – basic   5,023    5,000    4,424    5,000 
                     
Net income (loss) per share – basic  $(2.14)  $(2.10)  $1.31   $1.18 

 

Fully diluted earnings per share is calculated at follows for the years ended December 31, 2025 and 2024 (in thousands, except for share price):

 

                         
   For the Years Ended 
Diluted  December 31, 2025   December 31, 2024 
   Class A Common Shares   Class B Common Shares   Class A Common Shares   Class B Common Shares 
Net income (loss) attributable to MDB Capital Holdings, LLC  $(11,714)  $(9,531)  $7,650   $4,042 
                     
Diluted shares outstanding –diluted   6,145    5,000    9,463    5,000 
                     
Net income (loss) per share –diluted  $(1.91)  $(1.91)  $0.81   $0.81 

 

Class A Common Shares and Class B common stock are equal for ownership purposes, but Class B shares have five times the voting rights of Class A shares and Class B shares can be exchanged on a one-to-one basis for purposes of sale.