Bridge Investment Group Holdings Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2024

The following table presents our earning per share for the years ended December 31, 2024, 2023 and 2022 (in thousands, except per share amounts):


	Year Ended December 31,
	2024		2023		2022
Net income (loss) attributable to Bridge Investment Group Holdings Inc.	$	8,005	$	(6,766)	$	27,269
Less:

Distributions on Restricted Stock and RSUs	(3,768)		(5,133)		(5,286)
Net income (loss) available to Class A common shareholders—Basic and Diluted	$	4,237	$	(11,899)	$	21,983



Denominator:
Weighted-average shares of Class A common stock outstanding—Basic and Diluted	32,500,894		25,998,863		23,928,408



Earnings (loss) per share of Class A common stock—Basic and Diluted	$	0.13	$	(0.46)	$	0.92

Basic earnings (loss) per share is calculated by dividing earnings (loss) available to our Class A common shareholders by the weighted-average number of our Class A common shares outstanding for the period. Restricted Stock and RSUs that contain non-forfeitable rights to dividends are participating securities and are included in the computation of earnings (loss) per share pursuant to the two-class method. Accordingly, distributed and undistributed earnings (loss) attributable to unvested Restricted Stock and RSUs have been excluded as applicable from earnings available to our Class A common stockholders used in basic and diluted earnings (loss) per share.

Diluted earnings (loss) per share of our Class A common stock is computed by dividing earnings (loss) available to Bridge Investment Group Holdings Inc., giving consideration to the reallocation of net income (loss) between holders of our Class A common stock and non-controlling interests, by the weighted-average number of shares of our Class A common stock outstanding adjusted to give effect to potentially dilutive securities, if any.

Shares of our Class B common stock do not share in the earnings or losses attributable to the Company and therefore are not participating securities. As a result, a separate presentation of basic and diluted earnings (loss) per share of Class B common stock under the two-class method has not been included.