RAPID MICRO BIOSYSTEMS, INC.RPID

RAPID MICRO BIOSYSTEMS, INC. Earnings Per Share Disclosure

10-KFiled Feb 28, 20252 min read
Net loss per share
Net loss per share attributable to the common stockholders
As of December 31, 2024, the Company had Class A common stock and Class B common stock. Both classes have the same rights to the Company’s earnings and neither of the shares have any preference rights to dividends to other shares.
Basic and diluted net loss per share attributable to common stockholders was calculated as follow (in thousands, except share and per share amounts):
Year Ended December 31,
20242023
Numerator:
Net loss$(46,889)$(52,467)
Denominator:
Weighted average Class A common shares outstanding—basic and diluted 38,266,176 37,612,962 
Weighted average Class B common shares outstanding—basic and diluted 5,309,529 5,411,077 
Total shares for EPS—basic and diluted 43,575,705 43,024,039 
Net loss per share attributable to Class A common stockholders—basic and diluted $(1.08)$(1.22)
Net loss per share attributable to Class B common stockholders—basic and diluted $(1.08)$(1.22)
The Company’s potentially dilutive securities, which include common stock options, restricted common stock units, and common stock warrants, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of
diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:
Year Ended December 31,
20242023
Options to purchase common stock6,296,5056,530,511
Warrants to purchase common stock284,165286,324
Unvested restricted common stock units1,941,6881,681,760 
Options to purchase common stock under ESPP102,509224,510 
8,624,8678,723,105

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.

Other Available Disclosures

Income TaxesFair ValuePP&ELeasesCommitmentsStock CompensationNew Standards