Solid Power, Inc. Earnings Per Share Disclosure
Note 9 – Basic and Diluted Loss Per Share
The table below sets forth the basic and diluted loss per share calculation for the years ended December 31, 2025 and 2024.
For the Years Ended December 31, | |||||||
2025 | 2024 | ||||||
Net loss attributable to common stockholders | $ | (93,410) | $ | (96,520) | |||
Weighted average shares outstanding – basic and diluted | 184,902,712 | 179,397,332 | |||||
Basic and diluted loss per share | $ | (0.51) | $ | (0.54) | |||
Due to the net loss for the years ended December 31, 2025 and 2024, diluted loss per share was computed without consideration of potentially dilutive instruments as their inclusion would have been anti-dilutive. The table below sets forth (in shares) potentially dilutive securities excluded from the diluted loss per share calculation.
December 31, | | ||||
2025 | | 2024 | |||
Warrants | 19,333,303 |
| 19,333,303 | ||
2014 Plan & 2021 Plan - stock options | 14,576,084 |
| 22,969,681 | ||
2021 Plan - RSUs | 11,075,579 |
| 7,076,624 | ||
ESPP - common stock | 34,736 | 60,037 | |||
Dahae executives restricted stock grants - common stock | 186,224 | 8,658 | |||
Total potentially dilutive securities | 45,205,926 | 49,448,303 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2021 | Mar 23, 2022 | |
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.