uniQure N.V. Earnings Per Share Disclosure
22. Basic and diluted earnings per ordinary share
Basic net loss per ordinary share is computed by dividing net loss for the period by the weighted average number of ordinary shares outstanding during the period. Diluted earnings per ordinary share are calculated by adjusting the weighted average number of ordinary shares outstanding, assuming conversion of all potentially dilutive ordinary shares. As the Company has incurred a loss in the years presented, all potentially dilutive ordinary shares for these years would have an antidilutive effect, if converted, and thus have been excluded from the computation of loss per share.
Year ended December 31, | |||||||||
2024 | 2023 | 2022 | |||||||
(in thousands, except | |||||||||
Numerator: | |||||||||
Net loss attributable to ordinary shares | $ | (239,556) | $ | (308,478) | $ | (126,789) | |||
Denominator: | |||||||||
Weighted-average number of ordinary shares outstanding - basic and diluted | 48,649,129 | 47,670,986 | 46,735,045 | ||||||
The following table presents ordinary share equivalents that were excluded from the calculation of diluted net loss per ordinary share for the years presented as the effect of their inclusion would have been anti-dilutive:
Year ended December 31, | |||||||||
2024 | 2023 | 2022 | |||||||
Anti-dilutive ordinary share equivalents | |||||||||
Stock options under 2014 Plans and previous plan | 4,967,160 | 4,974,030 | 4,237,917 | ||||||
Non-vested RSUs and PSUs | 1,810,018 | 2,486,919 | 2,219,464 | ||||||
ESPP | — | 3,640 | 1,048 | ||||||
Total anti-dilutive ordinary share equivalents | 6,777,178 | 7,464,589 | 6,458,429 | ||||||
The anti-dilutive ordinary shares are presented without giving effect to the application of the treasury method or exercise prices that exceeded the price of the Company’s ordinary shares as of December 31, 2024, December 31, 2023 and December 31, 2022.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Feb 27, 2025 | Showing above |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 27, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Mar 1, 2021 | |
| 2019 | Mar 2, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Mar 14, 2018 | |
| 2016 | Mar 15, 2017 | |
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.