ARKO Corp. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Earnings per Share

Earnings per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

20. Earnings per Share

The following table sets forth the computation of basic and diluted net income per share of common stock:


	For the Year Ended December 31,
	2024		2023		2022
	(in thousands)
Net income available to common stockholders	$	15,095	$	28,619	$	65,997
Change in fair value of Ares Put Option (see Note 22)		—		—		(329	)
Net income available to common stockholders after assumed conversions	$	15,095	$	28,619	$	65,668

Weighted average common shares outstanding — Basic		116,139		118,782		121,476
Effect of dilutive securities:
RSUs		810		823		822
Ares Put Option (see Note 22)		—		—		926
Weighted average common shares outstanding — Diluted		116,949		119,605		123,224
Net income per share available to common stockholders — Basic	$	0.13	$	0.24	$	0.54
Net income per share available to common stockholders — Diluted	$	0.13	$	0.24	$	0.53

The following potential shares of common stock have been excluded from the computation of diluted net income per share because their effect would have been antidilutive:


	As of December 31,
	2024		2023		2022
	(in thousands)
Ares Warrants		1,100		1,100		1,100
Public and Private Warrants		17,333		17,333		17,333
Series A redeemable preferred stock		8,569		8,482		8,396
Stock options		1,306		1,306		897