Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings (loss) per share was calculated as follows:


	Year Ended December 31,
(In thousands, except per-share amounts)	2025		2024		2023
BASIC
Net income (loss)	$	(18,599)	$	(24,029)	$	(98,238)
Weighted-average common shares outstanding	13,172		12,959		12,855
Basic earnings (loss) per share	$	(1.41)	$	(1.85)	$	(7.64)

DILUTED
Net income (loss)	$	(18,599)	$	(24,029)	$	(98,238)
Weighted-average common shares outstanding for basic	13,172		12,959		12,855
Dilutive effect of restricted stock, performance stock awards, stock options and common stock warrants	—		—		—
Weighted-average common shares outstanding on a diluted basis	13,172		12,959		12,855
Diluted earnings (loss) per share	$	(1.41)	$	(1.85)	$	(7.64)

Schedule of Securities Excluded from the Computation of Diluted Earnings Per Common Share

The following number of restricted stock awards, performance stock awards, stock options and common stock warrants were excluded from the computation of diluted earnings per common share as their inclusion would have been anti-dilutive:


	Year Ended December 31,
(In thousands)	2025	2024	2023
Restricted stock awards	666	526	440
Performance stock awards	20	104	—
Stock options	366	796	900

UNIVERSAL ELECTRONICS INC 10-K