QuantumScape Corp Earnings Per Share Disclosure
Note 9. Net Loss Per Share
Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share adjusts basic earnings per share for the potentially dilutive impact of stock options. As the Company has reported a loss for the year ended December 31, 2025, potentially dilutive securities, are antidilutive and accordingly, basic net loss per share equals diluted net loss per share.
The following table sets forth the computation of basic and diluted loss per Class A Common Stock and Class B Common Stock (amounts in thousands, except per share amounts):
|
|
Year Ended December 31, |
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|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Numerator: |
|
|
|
|
|
|
|
|
|
|||
Net loss attributable to common stockholders |
|
$ |
(435,050 |
) |
|
$ |
(477,857 |
) |
|
$ |
(445,145 |
) |
Denominator: |
|
|
|
|
|
|
|
|
|
|||
Weighted average Class A and Class B Common Stock outstanding - Basic and Diluted |
|
|
575,950 |
|
|
|
508,102 |
|
|
|
462,239 |
|
Net loss per share attributable to Class A and Class B Common stockholders - Basic and Diluted |
|
$ |
(0.76 |
) |
|
$ |
(0.94 |
) |
|
$ |
(0.96 |
) |
Basic and diluted earnings per share were the same for each period presented as the inclusion of all potential Class A Common Stock and Class B Common Stock outstanding would have been anti-dilutive.
The following table presents the potential common stock outstanding that was excluded from the computation of diluted net loss per share of common stock as of the periods presented because including them would have been antidilutive (amounts in thousands):
|
|
Year Ended December 31, |
|
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|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Options |
|
|
4,469 |
|
|
|
24,043 |
|
|
|
42,141 |
|
RSUs |
|
|
28,957 |
|
|
|
26,875 |
|
|
|
23,003 |
|
PSUs |
|
|
8,970 |
|
|
|
10,541 |
|
|
|
7,259 |
|
Total |
|
|
42,396 |
|
|
|
61,459 |
|
|
|
72,403 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 28, 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.