For the twelve months ended June 30,

(in thousands except per share amounts)

2025

2024

Numerator:

Net (loss) income from continuing operations

$

15,550

$

(942

)

Less: net income attributable to non-controlling interest, continuing operations

2,659

462

Numerator for basic EPS - Net (loss) income from continuing operations attributable to Great Elm Group, Inc.

$

12,891

$

(1,404

)

Net income from discontinued operations

-

16

Numerator for basic EPS - Net income from discontinued operations, attributable to Great Elm Group, Inc.

$

-

$

16

Effect of dilutive securities:

Interest expense associated with Convertible Notes, continuing operations

$

1,926

$

-

Numerator for diluted EPS - Net (loss) income from continuing operations attributable to Great Elm Group, Inc., after the effect of dilutive securities

$

14,817

$

(1,404

)

Numerator for diluted EPS - Net income from discontinued operations, attributable to Great Elm Group, Inc.

$

-

$

16

Denominator:

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

27,642

29,962

Effect of dilutive securities:

Restricted stock

1,077

-

Convertible Notes

10,098

-

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

38,817

29,962

Net (loss) income attributable to shareholders per share(1)

Basic

$

0.47

$

(0.05

)

Diluted

0.38

(0.05

)