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Basic and Diluted Earnings per Share
 9 Months Ended
Sep. 30, 2025
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.
Three Months Ended September 30,
Nine Months Ended September 30,
2025202420252024
Basic earnings per share
Net income attributable to common stockholders
$17.7 $21.4 $59.2 $62.0 
Weighted average shares of common stock outstanding
8,055,262 7,860,572 7,984,142 7,797,974 
Basic earnings per share
$2.19 $2.72 $7.42 $7.95 
Diluted earnings per share
Net income attributable to common stockholders
$17.7 $21.4 $59.2 $62.0 
Weighted average shares of common stock outstanding8,055,262 7,860,572 7,984,142 7,797,974 
Effect of dilutive elements
Common stock warrants393,546 47,066 301,171 39,788 
Stock option awards— — 41 — 
Common stock awards268,789 147,755 278,343 169,219 
Dilutive weighted average shares of common stock
8,717,597 8,055,393 8,563,697 8,006,981 
Diluted earnings per share
$2.03 $2.65 $6.92 $7.74 
Stock options and common stock awards excluded from the computation of diluted earnings per share
Anti-dilutive (1)
17,799 27,731 19,086 107,928 
Market-based (2)
22,565 64,085 22,565 64,085 
(1)Includes stock options and stock awards that are anti-dilutive based on the application of the treasury stock method.
(2)Shares that are issuable upon the achievement of certain market-based performance criteria related to Onity’s stock price.