Earnings Per Share

9 Months Ended

Sep. 30, 2026

5. Earnings (Loss) Per Share

The following table presents the computations of basic and diluted earnings per share for the three months ended September 30, 2026 (amounts in thousands, except per share amounts):


	Three Months Ended September 30,
	2026
Earnings Per Share - Basic
Numerator:
Net income	$	18,396
Net income attributable to noncontrolling and redeemable noncontrolling interests	(277)
Net income attributable to Stagwell Inc. common shareholders	$	18,119

Denominator:
Weighted average number of common shares outstanding	244,666
Earnings Per Share - Basic	$	0.07

Earnings Per Share - Diluted
Numerator:
Net income attributable to Stagwell Inc. common shareholders	$	18,119

Denominator:
Basic - Weighted average number of common shares outstanding	244,666
Dilutive shares:
Restricted awards and stock options	6,323


Diluted - Weighted average number of common shares outstanding	250,989

Earnings Per Share - Diluted	$	0.07

Anti-dilutive:

Class A Shares to settle deferred acquisition obligations	2,926

The following table presents the computations of basic and diluted loss per share for the nine months ended September 30, 2026 (amounts in thousands, except per share amounts):


	Nine Months Ended September 30,
	2026
Loss Per Share - Basic and Diluted
Numerator:
Net loss	$	(4,252)
Net loss attributable to noncontrolling and redeemable noncontrolling interests	1,282
Net loss attributable to Stagwell Inc. common shareholders	$	(2,970)

Denominator:
Weighted average number of common shares outstanding	247,131
Loss Per Share - Basic and Diluted	$	(0.01)
















Anti-dilutive:
Restricted awards and stock options	5,388
Class A Shares to settle deferred acquisition obligations	3,462
Employee Stock Purchase Plan shares	40

The following table presents the computations of basic and diluted earnings per share for the three months ended September 30, 2025 (amounts in thousands, except per share amounts):


	Three Months Ended September 30,
	2025
Earnings Per Share - Basic
Numerator:
Net income	$	23,763



Net loss attributable to noncontrolling and redeemable noncontrolling interests	856

Net income attributable to Stagwell Inc. common shareholders	$	24,619

Denominator:
Weighted average number of common shares outstanding	255,952
Earnings Per Share - Basic	$	0.10

Earnings Per Share - Diluted
Numerator:
Net income attributable to Stagwell Inc. common shareholders	$	24,619



Denominator:
Basic - Weighted average number of common shares outstanding	255,952
Dilutive shares:
Stock appreciation rights and restricted awards	3,631

Diluted - Weighted average number of common shares outstanding	259,583

Earnings Per Share - Diluted	$	0.09

Anti-dilutive:
Class A Shares to settle deferred acquisition obligations	6,423

The following table presents the computations of basic and diluted earnings per share for the nine months ended September 30, 2025 (amounts in thousands, except per share amounts):


	Nine Months Ended September 30,
	2025
Earnings Per Share - Basic
Numerator:
Net income	$	13,804

Net loss attributable to Class C shareholders	6,637
Net income attributable to other equity interest holders	(4,000)
Net loss attributable to noncontrolling and redeemable noncontrolling interests	$	2,637

Net income attributable to Stagwell Inc. common shareholders	$	16,441

Denominator:
Weighted average number of common shares outstanding	210,139
Earnings Per Share - Basic	$	0.08

Earnings Per Share - Diluted
Numerator:
Net income attributable to Stagwell Inc. common shareholders	$	16,441
Net loss attributable to Class C shareholders	(6,637)
	$	9,804

Denominator:
Basic - Weighted average number of common shares outstanding	210,139
Dilutive shares:
Class C Shares	52,216
Stock appreciation rights and restricted awards	4,418
	56,634
Diluted - Weighted average number of common shares outstanding	266,773

Earnings Per Share - Diluted	$	0.04

Anti-dilutive:
Class A Shares to settle deferred acquisition obligations	6,163

Restricted stock awards of 4.1 million and 3.5 million shares as of September 30, 2026, and 2025, respectively, were excluded from the computation of diluted earnings (loss) per share because the performance contingencies necessary for vesting were not met as of the reporting date