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Basic and Diluted Earnings per Share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Share
Note 18 – Basic and Diluted Earnings per Share
Basic earnings or loss per share excludes common stock equivalents and is calculated by dividing net income or loss attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. We calculate diluted earnings or loss per share by dividing net income or loss attributable to common stockholders by the weighted average number of shares of common stock outstanding including the potential dilutive shares of common stock related to outstanding restricted stock awards, stock options and warrants as determined using the treasury stock method. For the nine months ended September 30, 2026, we have excluded the effect of all stock options and common stock awards from the computation of diluted loss per share because of the anti-dilutive effect of our reported net loss.
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Basic earnings (loss) per share
Net income (loss) attributable to common stockholders$3.5 $17.7 $(2.8)$59.2 
Weighted average shares of common stock outstanding
8,320,986 8,055,262 8,420,331 7,984,142 
Basic earnings (loss) per share$0.42 $2.19 $(0.34)$7.42 
Diluted earnings (loss) per share
Net income (loss) attributable to common stockholders$3.5 $17.7 $(2.8)$59.2 
Weighted average shares of common stock outstanding8,320,986 8,055,262 8,420,331 7,984,142 
Effect of dilutive elements
Common stock warrants (1)
— 393,546 — 301,171 
Stock option awards— — — 41 
Common stock awards251,759 268,789 — 278,343 
Dilutive weighted average shares of common stock
8,572,745 8,717,597 8,420,331 8,563,697 
Diluted earnings (loss) per share$0.41 $2.03 $(0.34)$6.92 
Stock options and common stock awards excluded from the computation of diluted earnings per share
Anti-dilutive (2)
17,799 17,799 18,829 19,086 
Market-based (3)
— 22,565 — 22,565 
(1)As of December 31, 2025, there were no remaining common stock warrants outstanding.
(2)Includes stock options and stock awards that are anti-dilutive based on the application of the treasury stock method.
(3)Shares that are issuable upon the achievement of certain market-based performance criteria related to Onity’s stock price.