Commerce.com, Inc. Earnings Per Share Disclosure
14. Net loss per share
Basic net loss per share is computed by dividing net loss by number of shares of common stock outstanding for the period. Because the Company has reported a net loss for the year ended December 31, 2025, 2024, and 2023, the number of shares used to calculate diluted net loss per share is the same as the number of shares used to calculate basic net loss per share for the period presented because the potentially dilutive shares would have been antidilutive if included in the calculation.
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Year ended December 31, |
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(in thousands) |
|
2025 |
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2024 |
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2023 |
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Numerator: |
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Net loss per share available to shareholders |
|
$ |
(19,342 |
) |
|
$ |
(27,030 |
) |
|
$ |
(64,671 |
) |
Denominator: |
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Weighted average shares outstanding |
|
|
80,296 |
|
|
|
77,600 |
|
|
|
75,143 |
|
Net loss per share |
|
$ |
(0.24 |
) |
|
$ |
(0.35 |
) |
|
$ |
(0.86 |
) |
The following potentially dilutive securities outstanding have been excluded from the computation of basic weighted-average shares outstanding because such securities have been an antidilutive impact due to losses reported:
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Year ended December 31, |
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(in thousands) |
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2025 |
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2024 |
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2023 |
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Stock options outstanding |
|
|
3,066 |
|
|
|
4,684 |
|
|
|
5,109 |
|
Restricted stock units |
|
|
6,329 |
|
|
|
6,140 |
|
|
|
6,725 |
|
Acquisition related compensation |
|
|
0 |
|
|
|
0 |
|
|
|
42 |
|
Convertible debt |
|
|
9,431 |
|
|
|
10,239 |
|
|
|
4,719 |
|
Total potentially dilutive securities |
|
|
18,826 |
|
|
|
21,063 |
|
|
|
16,595 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 2, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 29, 2024 | |
| 2022 | Mar 1, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.