Earnings Per Share

6 Months Ended

12 Months Ended

Jun. 30, 2025

Dec. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Note 7 – Earnings Per Share

Basic net loss per share is computed by dividing reported net loss by the weighted-average number of common shares outstanding for the reported period. In computing diluted earnings per share, common share equivalents are not considered in periods in which a net loss is reported, as the inclusion of the common share equivalents would be antidilutive. Since the Company was in a net loss for all periods presented in these consolidated financial statements, diluted net loss per share was the same as basic net loss per share.

	Six Months Ended June 30,
	2025			2024
	(in thousands, except per share data)
Numerator:
Net loss attributable to common stockholders	$	(5,197	)	$	(4,992	)
Denominator:
Weighted-average common shares outstanding		2,977			2,924
Net loss per common share	$	(1.75	)	$	(1.71	)

The following potential common share equivalents were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive in the period presented (in thousands):

	Six Months Ended June 30,
	2025		2024
Convertible preferred stock		29,509		24,511
Stock options		7,104		5,117
Total potential common stock excluded from net loss per share		36,613		29,628

Note 7 – Earnings Per Share

Basic net loss per share is computed by dividing reported net loss by the weighted-average number of common shares outstanding for the reported period. In computing diluted earnings per share, common share equivalents are not considered in periods in which a net loss is reported, as the inclusion of the common share equivalents would be antidilutive. Since the Company was in a net loss for all periods presented in these consolidated financial statements, diluted net loss per share was the same as basic net loss per share.

	Years Ended December 31,
	2024			2023
Numerator:	(in thousands, except per share data)
Net loss attributable to common stockholders	$	(11,017	)	$	(12,257	)
Denominator:
Weighted-average common shares outstanding		2,938			1,180
Net loss per common share	$	(3.75	)	$	(10.39	)

TG-17 INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The following potential common share equivalents were excluded from the calculation of diluted net income per share in FY 2024 because their effect would have been anti-dilutive in the period presented (in thousands):

	Years Ended December 31,
	2024		2023
Convertible preferred stock		26,560		22,460
Stock options		5,027		178
Total potential common stock excluded from net loss per share		31,587		22,638