SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Allowance for Credit Losses on Receivables

The following table summarizes year-to-date activity in the allowance for credit losses on receivables from customers in each of our business segments:


	Arcadia Products		DynaEnergetics		NobelClad		DMC Global Inc.
Allowance for doubtful accounts, December 31, 2024	$	495	$	6,369	$	17	$	6,881

Current period provision for expected credit losses	388		997		13		1,398
Write-offs charged against the allowance	(51)		(3,010)		—		(3,061)
Recoveries of amounts previously reserved	(316)		(57)		—		(373)
Impacts of foreign currency exchange rates and other	—		4		1		5
Allowance for doubtful accounts, September 30, 2025	$	516	$	4,303	$	31	$	4,850

Schedule of Computation and Reconciliation of Earnings Per Common Share

For the

applicable periods presented, diluted EPS using the two-class method was more dilutive than the treasury stock method; as such, only the two-class method has been included below.


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Net loss attributable to DMC Global Inc. stockholders, as reported	$	(3,081)	$	(101,323)	$	(2,288)	$	(94,748)
Adjustment of redeemable noncontrolling interest	1,018		(61,687)		(3,801)		(63,201)

Less: Undistributed net income available to participating securities	—		—		—		—
Numerator for basic net loss per share:	(2,063)		(163,010)		(6,089)		(157,949)
Add: Undistributed net income allocated to participating securities	—		—		—		—
Less: Undistributed net income reallocated to participating securities	—		—		—		—
Numerator for diluted net loss per share:	$	(2,063)	$	(163,010)	$	(6,089)	$	(157,949)
Denominator:
Weighted-average shares outstanding for basic net loss per share	19,930,699		19,706,587		19,883,652		19,648,253
Effect of dilutive securities (1)	—		—		—		—
Weighted-average shares outstanding for diluted net loss per share	19,930,699		19,706,587		19,883,652		19,648,253
Net loss per share attributable to DMC Global Inc. stockholders
Basic	$	(0.10)	$	(8.27)	$	(0.31)	$	(8.04)
Diluted	$	(0.10)	$	(8.27)	$	(0.31)	$	(8.04)

(1) Given that we were in a net loss position for the three and nine months ended September 30, 2025, and 2024, all potentially dilutive shares were anti-dilutive.

Schedule of Defined Compensation Plan

The balances related to the deferred compensation plan were as follows for the periods presented. The amounts included within “Prepaid expenses and other” and “Other current liabilities” pertain to scheduled distributions per the terms of the Plan that will occur within twelve months of September 30, 2025.


	Balance Sheet location	September 30, 2025		December 31, 2024
Deferred compensation assets	Prepaid expenses and other	$	1,835	$	5,742
Deferred compensation assets	Other assets	2,511		3,396
Deferred compensation obligations	Other current liabilities	1,835		5,742
Deferred compensation obligations	Other long-term liabilities	$	6,105	$	7,183