| Schedule of Reconciliation of Basic and Diluted Earnings (Loss) Per Share |
The following is a reconciliation of basic and diluted earnings (loss) per share for the three and six months ended June 30, 2026 and 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator for earnings (loss) per share calculation: | | | | | | | | | Net income attributable to GCM Grosvenor Inc., basic | $ | 9,564 | | | $ | 15,437 | | | $ | 15,031 | | | $ | 15,900 | | | Exchange of Partnership units | 13,849 | | | (994) | | | 20,615 | | | 977 | | | Exercise of private warrants | — | | | (297) | | | — | | | (166) | | | Exercise of public warrants | — | | | (4,592) | | | — | | | (2,473) | | | | | | | | | | | Net income attributable to common stockholders, diluted | $ | 23,413 | | | $ | 9,554 | | | $ | 35,646 | | | $ | 14,238 | | | | | | | | | | | Denominator for earnings (loss) per share calculation: | | | | | | | | | Weighted-average shares, basic | 61,065,330 | | | 51,074,156 | | | 61,045,007 | | | 48,367,585 | | | Exchange of Partnership units | 141,665,831 | | | 142,823,480 | | | 141,665,831 | | | 143,525,463 | | | Exercise of private warrants - incremental shares under the treasury stock method | — | | | 63,298 | | | — | | | 94,589 | | | Exercise of public warrants - incremental shares under the treasury stock method | — | | | 1,163,618 | | | — | | | 1,749,494 | | | Assumed vesting of RSUs - incremental shares under the treasury stock method | 852,435 | | | 1,214,043 | | | 1,463,117 | | | 1,904,029 | | | Weighted-average shares, diluted | 203,583,596 | | | 196,338,595 | | | 204,173,955 | | | 195,641,160 | | | | | | | | | | | Basic EPS | | | | | | | | | Net income attributable to common stockholders, basic | $ | 9,564 | | | $ | 15,437 | | | $ | 15,031 | | | $ | 15,900 | | | Weighted-average shares, basic | 61,065,330 | | | 51,074,156 | | | 61,045,007 | | | 48,367,585 | | | Net income per share attributable to common stockholders, basic | $ | 0.16 | | | $ | 0.30 | | | $ | 0.25 | | | $ | 0.33 | | | | | | | | | | | Diluted EPS | | | | | | | | | Net income attributable to common stockholders, diluted | $ | 23,413 | | | $ | 9,554 | | | $ | 35,646 | | | $ | 14,238 | | | Weighted-average shares, diluted | 203,583,596 | | | 196,338,595 | | | 204,173,955 | | | 195,641,160 | | | Net income per share attributable to common stockholders, diluted | $ | 0.12 | | | $ | 0.05 | | | $ | 0.17 | | | $ | 0.07 | |
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