e.l.f. Beauty, Inc. Earnings Per Share Disclosure
Fiscal year ended March 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator: | |||||||||||||||||
| Net income | $ | 112,089 | $ | 127,663 | $ | 61,530 | |||||||||||
| Denominator: | |||||||||||||||||
Weighted average common shares outstanding — basic | 56,210,459 | 54,747,930 | 52,474,811 | ||||||||||||||
| Dilutive common equivalent shares from equity awards | 2,134,715 | 3,040,524 | 2,862,743 | ||||||||||||||
Weighted average common shares outstanding —diluted | 58,345,174 | 57,788,454 | 55,337,554 | ||||||||||||||
| Net income per share: | |||||||||||||||||
| Basic | $ | 1.99 | $ | 2.33 | $ | 1.17 | |||||||||||
| Diluted | $ | 1.92 | $ | 2.21 | $ | 1.11 | |||||||||||
Weighted average anti-dilutive shares from outstanding equity awards excluded from diluted earnings per share | 273,524 | 44,772 | 194,289 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | May 29, 2025 | Showing above |
| 2017 | Mar 1, 2018 | |
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.