Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 148

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 148
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 as principal or agent. Such fees and reimbursements of third-party costs are classified as Advance billings on the Company’s Unaudited Consolidated Balance Sheets. Advance billings as of September 30, 2025 and December 31, 2024, were $375.8 million and $294.6 million, respectively. For the nine months ended September 30, 2025 the Company recognized $251.4 million of revenue that was included in the Advance billings balances as of December 31, 2024. In arrangements in which we are acting as an agent, the revenue recognized related to the contract liability is presented on a net basis within the Unaudited Consolidated Statements of Operations.The Company acquired an aggregate of $10.1 million in unbilled receivables in connection with the acquisitions of ADK and Create, and $7.4 million in contract liabilities in connection with the acquisition of ADK. See Note 3 of the Notes included herein for additional information related to these acquisitions.Unsatisfied Performance Obligations

The majority of our contracts are for periods of one year or less. For those contracts with a term of more than one year, we had $23.2 million of unsatisfied performance obligations as of September 30, 2025, of which we expect to recognize approximately 34% in the remainder of 2025, 56% in 2026, 9% in 2027, 1% in 2028, and thereafter.

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5. Earnings Per ShareThe following table presents the computations of basic and diluted earnings per common share for the three months ended September 30, 2025 (amounts in thousands, except per share amounts): Three Months Ended September 30,2025Earnings Per Share - BasicNumerator:Net income$23,763 Net income attributable to noncontrolling and redeemable noncontrolling interests856 Net income attributable to Stagwell Inc. common shareholders$       24,619 Denominator:Weighted average number of common shares outstanding255,952 Earnings Per Share - Basic$0.10 Earnings Per Share - DilutedNumerator:Net income attributable to Stagwell Inc. common shareholders$       24,619 Denominator:Basic - Weighted average number of common shares outstanding255,952 Dilutive shares:Stock Appreciation Rights and Restricted Awards3,631 Diluted - Weight