Earnings Per Share

9 Months Ended

12 Months Ended

Sep. 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.

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands, except per share data)	2025			2024			2025			2024
Numerator:
Net loss attributable to common stockholders	$	(2,634	)	$	(2,977	)	$	(7,831	)	$	(7,969	)
Denominator:
Weighted-average common shares outstanding		3,174			2,924			3,043			2,924
Net loss per common share	$	(0.83	)	$	(1.02	)	$	(2.57	)	$	(2.73	)

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):

	Nine Months Ended September 30,
	2025		2024
Convertible preferred stock		31,206		25,247
Common Stock Warrants		1,421		-
Preferred Stock Warrants		247		247
Stock options		7,050		5,027
Total potential common stock excluded from net loss per share		39,924		30,521

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