Earnings per share (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Basic and Diluted Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the periods. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and is calculated using the treasury stock method for unvested shares.


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except share data)	2025		2024		2025		2024
Numerator:
Net income	$	2,686	$	2,637	$	6,126	$	4,421
Denominator:
Weighted average shares outstanding:
Basic		14,018,629		13,780,074		14,008,385		13,888,569
Diluted(1)		14,553,282		14,051,466		14,528,789		14,129,262
Earnings per share:
Basic	$	0.19	$	0.19	$	0.44	$	0.32
Diluted	$	0.18	$	0.19	$	0.42	$	0.31

For the three and six months ended June 30, 2025 and 2024, diluted weighted average shares outstanding are calculated by the inclusion of unvested restricted stock units ("RSUs").

Red Violet, Inc. 10-Q