Bridge Investment Group Holdings Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

(LOSS) EARNINGS PER SHARE

(LOSS) EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2025

The following table presents our (loss) earnings per share for the three and six months ended June 30, 2025 and 2024 (dollar amounts in thousands, except per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net (loss) income attributable to Bridge Investment Group Holdings Inc.	$	(482)	$	(2,431)	$	(12,657)	$	7,387
Less:

Distributions on Restricted Stock and RSUs	—		(1,112)		(1,042)		(1,769)
Net (loss) income available to Class A common shareholders—Basic	$	(482)	$	(3,543)	$	(13,699)	$	5,618
Incremental net income from assumed exchange of Class A units	—		—		—		3,819
Net (loss) income available to Class A common stockholders—Diluted	$	(482)	$	(3,543)	$	(13,699)	$	9,437

Denominator:
Weighted-average shares of Class A common stock outstanding—Basic	35,889,995		32,461,347		35,602,217		31,902,163
Incremental shares from assumed exchange of Class A units	—		—		—		96,777,434
Weighted-average shares of Class A common stock outstanding—Diluted	35,889,995		32,461,347		35,602,217		128,679,597

(Loss) earnings per share of Class A common stock—Basic	$	(0.01)	$	(0.11)	$	(0.38)	$	0.18
(Loss) earnings per share of Class A common stock—Diluted	$	(0.01)	$	(0.11)	$	(0.38)	$	0.07

Basic (loss) earnings per share is calculated by dividing earnings or losses 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 per share pursuant to the two-class method. Accordingly, distributed and undistributed earnings 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 per share.

Diluted (loss) earnings per share of our Class A common stock is computed by dividing earnings 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.