Basic and Diluted Net Income Per Share

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Basic and Diluted Net Income Per Share

6. Basic and Diluted Net Income Per Share

Basic earnings per share of Class A and Class B common stock is computed by dividing net income attributable to Guardian Pharmacy Services, Inc. by the weighted-average number of shares of Class A and Class B common stock outstanding during the period. The Class A and Class B common stock are identical in their rights and privileges, except that shares of Class B common stock are subject to transfer restrictions prior to their conversion into shares of Class A common stock. Therefore, the basic earnings per share for Class A and Class B common stock will be equal. Diluted earnings per share of Class A and Class B common stock is computed by dividing net income attributable to Guardian Pharmacy Services, Inc. by the weighted-average number of shares of Class A and Class B common stock outstanding, adjusted to give effect to potentially dilutive elements.

The following table sets forth the computation of net income attributable to the Company used to compute basic net income per share of Class A and Class B common stock for the three months ended March 31, 2025 and 2026.

(in thousands)	Three Months Ended March 31, 2025			Three Months Ended March 31, 2026
Numerator:
Net income	$	9,273		$	13,544
Less net income (loss) attributable to non-controlling interests		(175	)		249
Net income attributable to Guardian Pharmacy Services, Inc.	$	9,448		$	13,295

The following table sets forth the computation of basic and diluted net income per share of Class A and Class B common stock (in thousands, except per share amounts):

	Three Months Ended March 31, 2025				Three Months Ended March 31, 2026
	Class A		Class B		Class A		Class B
Basic net income per share attributable to common stockholders
Numerator:
Allocation of net income attributable to Guardian Pharmacy Services, Inc.	$	1,490	$	7,958	$	7,738	$	5,557
Denominator:
Weighted average number of shares of Class A and Class B common stock outstanding		9,787		52,256		36,855		26,466
Basic net income per share attributable to common stockholders	$	0.15	$	0.15	$	0.21	$	0.21
Diluted net income per share attributable to common stockholders
Numerator:
Allocation of net income attributable to Guardian Pharmacy Services, Inc.	$	1,490	$	7,958	$	7,738	$	5,557
Denominator:
Number of shares used in basic computation		9,787		52,256		36,855		26,466
Dilutive Restricted Stock Units and Class A and B Common Stock		137		733		216		155
Weighted average shares of Class A and Class B common stock outstanding used to calculate diluted net income per share		9,924		52,989		37,071		26,621
Diluted net income per share attributable to common stockholders	$	0.15	$	0.15	$	0.21	$	0.21

There were no material anti-dilutive common share equivalents that were excluded in the computation of diluted net income per share during the three months ended March 31, 2025 and 2026.