Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

The following table presents the computations of basic and diluted earnings per common share for the year ended December 31, 2025 (amounts in thousands, except per share amounts):


	Year Ended December 31,
	2025
Earnings Per Share - Basic
Numerator:
Net income	$	30,626

Net loss attributable to Class C shareholders	6,637
Net income attributable to other equity interest holders	(8,162)
Net income attributable to noncontrolling and redeemable noncontrolling interests	(1,525)

Net income attributable to Stagwell Inc. common shareholders	$	29,101

Denominator:
Weighted average number of common shares outstanding	220,608
Earnings Per Share - Basic	$	0.13

Earnings Per Share - Diluted
Numerator:
Net income attributable to Stagwell Inc. common shareholders	$	29,101
Net loss attributable to Class C shareholders	(6,637)
	$	22,464

Denominator:
Basic - Weighted average number of common shares outstanding	220,608
Dilutive shares:
Class C Shares	39,055
Stock Appreciation Rights and Restricted Awards	4,855
Employee Stock Purchase Plan shares	5
	43,915
Diluted - Weighted average number of common shares outstanding	264,523

Earnings Per Share - Diluted	$	0.08

Anti-dilutive:

Class A Shares to settle deferred acquisition obligations	5,748

The following table presents the computations of basic and diluted loss per common share for the year ended December 31, 2024 (amounts in thousands, except per share amounts):


	Year Ended December 31,
	2024
Earnings Per Share - Basic
Numerator:
Net income	$	25,044

Net income attributable to Class C shareholders	(17,144)
Net income attributable to other equity interest holders	(5,641)
Net income attributable to noncontrolling and redeemable noncontrolling interests	(22,785)

Net income attributable to Stagwell Inc. common shareholders	$	2,259

Denominator:
Weighted average number of common shares outstanding	110,890
Earnings Per Share - Basic	$	0.02

Earnings Per Share - Diluted
Numerator:
Net income attributable to Stagwell Inc. common shareholders	$	2,259

Denominator:
Basic - Weighted average number of common shares outstanding	110,890
Dilutive shares:
Stock appreciation rights	461
Restricted share and restricted unit awards	4,395
Employee Stock Purchase Plan shares	6
	4,862
Diluted - Weighted average number of common shares outstanding	115,752

Earnings Per Share - Diluted	$	0.02

Anti-dilutive:
Class C Shares	151,649
Class A Shares to settle deferred acquisition obligations	6,236

The following table presents the computations of basic and diluted earnings per common share for the year ended December 31, 2023 (amounts in thousands, except per share amounts):


	Year Ended December 31,
	2023
Earnings Per Share - Basic
Numerator:
Net income	$	41,642

Net income attributable to Class C shareholders	(39,066)
Net income attributable to other equity interest holders	(2,442)
Net income attributable to noncontrolling and redeemable noncontrolling interests	(41,508)

Net income attributable to Stagwell Inc. common shareholders	$	134

Denominator:
Weighted Average number of common shares outstanding	117,259
Earnings Per Share - Basic	$	—

Earnings Per Share - Diluted
Numerator:
Net income attributable to Stagwell Inc. common shareholders	$	134



Denominator:
Basic - Weighted Average number of common shares outstanding	117,259
Dilutive shares:
Stock appreciation rights	421
Restricted share and restricted unit awards	4,485
Employee Stock Purchase Plan shares	5


	4,911
Diluted - Weighted average number of common shares outstanding	122,170

Earnings Per Share - Diluted	$	—

Anti-dilutive:
Class C Shares	154,972
Class A Shares to settle deferred acquisition obligations	5,127