Origin Materials, Inc.ORGN

Origin Materials, Inc. Earnings Per Share Disclosure

10-KFiled Mar 13, 20252 min read
Basic and Diluted Net (Loss) Income Per Share
The following table sets forth the computation of basic and diluted net (loss) income per share attributable to common stockholders. Basic net (loss) income per share is computed by dividing net (loss) income for the period by the weighted-average number of common shares outstanding during the period, which excludes Sponsor Vesting Shares which are legally outstanding, but subject to return to the Company. Diluted net (loss) income per share is computed by dividing net (loss) income for the period by the weighted-average common shares outstanding during the period, plus the dilutive effect of the stock options and RSU awards, as applicable pursuant to the treasury stock method. The following table sets forth the computation of basic and diluted net (loss) income per share:
(In thousands, except for share and per share amounts)December 31, 2024December 31, 2023
Numerator:
Net (loss) income attributable to common stockholders—Basic
$(83,697)$23,798
Net (loss) income attributable to common stockholders—Diluted
$(83,697)$23,798
Denominator:
Weighted-average common shares outstanding—Basic (1)143,192,630139,718,385
Stock options—2,872,491
RSU awards—67,547
Weighted-average common shares outstanding—Diluted (1)143,192,630142,658,423
Net (loss) income per share—Basic
$(0.58)$0.17
Net (loss) income per share—Diluted
$(0.58)$0.17
(1)Excludes weighted-average Sponsor Vesting Shares subject to return of 3,727,397 and 4,500,000 shares for the years ended December 31, 2024 and 2023, respectively.
Diluted net (loss) income per share reflects the potential dilution of securities that could dilute share in the earnings of an entity. The following potentially dilutive securities for common stock were outstanding and excluded from diluted net (loss) income per share as they are subject to performance or market conditions that were not achieved as follows:
December 31, 2024December 31, 2023
Options to purchase common stock1,058,231 1,481,531 
PSU awards1,590,227 2,018,934 
Earnout shares25,000,000 25,000,000 
Sponsor vesting shares3,000,000 4,500,000 
The following outstanding shares of out-of-the-money options and potentially dilutive securities were excluded from the computation of diluted net (loss) income per share attributable to common stockholders for the periods presented because including them would have been antidilutive:
December 31, 2024December 31, 2023
Options to purchase common stock2,859,743 41,357 
Warrants to purchase common stock35,476,627 35,476,627 
RSU awards14,139,810 — 

Historical Timeline

Fiscal YearFiled
2024Mar 13, 2025Showing above
2023Mar 5, 2024

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.

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