EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

EARNINGS PER SHARE

EARNINGS PER SHARE

7.EARNINGS PER SHARE

Basic earnings per share is computed based on net income attributable to eXp stockholders divided by the basic weighted-average shares outstanding during the period. Dilutive earnings per share is computed consistently with the basic computation while giving effect to all dilutive potential common shares and common share equivalents that were outstanding during the period. The Company uses the treasury stock method to reflect the potential dilutive effect of unvested stock awards and unexercised options.

The following table sets forth the calculation of basic and diluted earnings per share attributable to common stock during the periods presented:

	Three Months Ended March 31,
	2023	2022
Numerator:
Net income attributable to common stock	$ 1,453	$ 8,882
Denominator:
Weighted average shares - basic	152,546,766	149,226,166
Dilutive effect of common stock equivalents	3,121,946	7,616,555
Weighted average shares - diluted	155,668,712	156,842,721
Earnings per share:
Earnings per share attributable to common stock- basic	$ 0.01	$ 0.06
Earnings per share attributable to common stock- diluted	$ 0.01	$ 0.06

For three months ended March 31, 2023 and 2022 total outstanding shares of common stock excluded 635,343 and 392,483 shares, respectively, from the computation of diluted earnings per share because their effect would have been anti-dilutive.