XCF Global, Inc. Earnings Per Share Disclosure
| Year Ended | ||||
| December
31, 2025 | ||||
| Basic earnings per share: | ||||
| Net income (loss) | $ | 74,004,768 | ||
| Weighted-average common shares outstanding | 142,298,067 | |||
| Basic earnings per share | $ | 0.52 | ||
| Diluted earnings per share: | ||||
| Net income (loss) | $ | 74,004,768 | ||
| Weighted-average common shares outstanding | 142,298,067 | |||
| Dilutive effect of common share equivalents | ||||
| Weighted-average common shares outstanding, assuming dilution | 142,298,067 | |||
| Diluted earnings per share | $ | 0.52 | ||
| Year Ended | ||||
| December
31, 2025 | ||||
| Common stock warrants | 17,900,000 | |||
| RSUs issued and outstanding | 5,984,957 | |||
| Total potential common shares excluded from diluted net earnings per share | 23,884,957 | |||
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.