Intapp, Inc. Earnings Per Share Disclosure
Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Diluted net loss per share is calculated by giving effect to all potentially dilutive securities outstanding for the period using the treasury stock method.
Basic net loss per share is the same as diluted net loss per share because the Company reported net losses for all periods presented. The following table sets forth the computation of basic and diluted net loss per share for the periods presented (in thousands, except per share data):
|
Year Ended June 30, |
|
|||||||||
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Numerator: |
|
|
|
|
|
|
|
|
|||
Net loss |
$ |
(18,217 |
) |
|
$ |
(32,021 |
) |
|
$ |
(69,425 |
) |
Denominator: |
|
|
|
|
|
|
|
|
|||
Weighted-average shares used to compute net loss per share, basic and diluted |
|
78,710 |
|
|
|
71,488 |
|
|
|
64,295 |
|
Net loss per share, basic and diluted |
$ |
(0.23 |
) |
|
$ |
(0.45 |
) |
|
$ |
(1.08 |
) |
The Company excluded the following potential shares of common stock from the calculation of diluted net loss per share because their effect would be anti-dilutive (in thousands):
|
|
Year Ended June 30, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Outstanding stock options to purchase common stock |
|
|
2,628 |
|
|
|
6,866 |
|
|
|
10,137 |
|
Unvested PSUs and RSUs |
|
|
5,316 |
|
|
|
5,137 |
|
|
|
5,803 |
|
Shares issuable under ESPP |
|
|
57 |
|
|
|
12 |
|
|
|
15 |
|
Total |
|
|
8,001 |
|
|
|
12,015 |
|
|
|
15,955 |
|
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.