Earnings Per Share

3 Months Ended

Mar. 31, 2026

13.Earnings Per Share

The following table reconciles the denominators used in the computations of both basic and diluted earnings per share:


		Three Months Ended
		March 31,
		2026		2025
Total basic weighted average shares outstanding		40,110,047		39,056,396
Effect of potentially dilutive securities:
Common stock options		22,798		—
Employee stock purchase plan		310		—
Total diluted weighted average shares outstanding		40,133,155		39,056,396

For the three months ended March 31, 2026 and 2025, the Company had 45,325 and 55,302 shares, respectively, that were potentially dilutive in earnings per share calculations.

Such dilution is dependent on the excess of the market price of the Company’s common stock over the exercise price and other components of the treasury stock method.

The Company reported a net loss for the three months ended March 31, 2025; therefore, all potentially dilutive securities are antidilutive and are excluded from the computation of diluted loss per share for that period.

Orion Group Holdings Inc 10-Q