The Company has unvested share-based payment awards with a right to receive non-forfeitable dividends, which are considered participating securities under ASC 260, Earnings Per Share. The Company allocates earnings to participating securities and computes earnings per share using the two-class method. Under the two-class method, net income per share is computed by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, net income is allocated to both


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Basic Earnings Per Share
Net Income Attributable to Gentex Corporation	$	114,689,417	$	96,039,584	$	213,144,560	$	190,913,629
Less: Dividends and undistributed earnings allocated to participating securities	1,879,597		1,412,231		3,439,528		3,473,779
Net Income available to common shareholders	$	112,809,820	$	94,627,353	$	209,705,032	$	187,439,850

Basic weighted average shares outstanding	208,580,380		219,631,876		209,720,391		221,376,755
Net Income per share - Basic	$	0.54	$	0.43	$	1.00	$	0.85

Diluted Earnings Per Share
Allocation of Net Income used in basic computation	$	112,809,820	$	94,627,353	$	209,705,032	$	187,439,850
Reallocation of undistributed earnings	37		—		45		77
Net Income available to common shareholders - Diluted	$	112,809,857	$	94,627,353	$	209,705,077	$	187,439,927

Number of shares used in basic computation	208,580,380		219,631,876		209,720,391		221,376,755
Additional weighted average dilutive common stock equivalents	5,346		—		3,652		8,845
Diluted weighted average shares outstanding	208,585,726		219,631,876		209,724,043		221,385,600

Net Income per share - Diluted	$	0.54	$	0.43	$	1.00	$	0.85

Shares related to stock plans not included in diluted average common shares outstanding because their effect would be anti-dilutive	2,453,462		3,694,254		2,560,291		3,386,076