For the three months ended September 30,

(in thousands except per share amounts)

2026

2025

Numerator:

Net loss attributable to Great Elm Group, Inc. stockholders

$

(4,146

)

$

(7,030

)

Effect of dilutive securities:

Interest expense associated with Convertible Notes

-

-

Numerator for diluted EPS - Net loss attributable to Great Elm Group, Inc. stockholders after the effect of dilutive securities

$

(4,146

)

$

(7,030

)

Denominator:

Denominator for basic EPS - Weighted average shares of common stock outstanding

29,735

28,972

Effect of dilutive securities:

Restricted stock

-

-

Convertible Notes

-

-

Denominator for diluted EPS - Weighted average shares of common stock outstanding after the effect of dilutive securities

29,735

28,972

Net loss attributable to stockholders per share

Basic

$

(0.14

)

$

(0.24

)

Diluted

(0.14

)

(0.24

)