T1 Energy Inc.TE

T1 Energy Inc. Earnings Per Share Disclosure

10-KFiled Mar 31, 20252 min read
NET LOSS PER SHARE
The Company’s basic net loss per share for the years ended December 31, 2024 and 2023 was computed by dividing net loss by the weighted-average shares of common stock outstanding.
No dividends were declared or paid in 2024 and 2023. 
Diluted net loss per share adjusts basic net loss per share to give effect to all potential common shares that were dilutive and outstanding during the period. The treasury stock method was used to assess our warrants and share-based payment awards, while the if-converted method was used to assess our shares of redeemable preferred stock.
The computation of basic and diluted net loss per share is as follows (in thousands, except per share data):
Year ended December 31,
20242023
Numerator:
Net loss from continuing operations$(64,640)$(18,648)
Net loss from discontinued operations, net of tax(385,914)(54,448)
Net loss attributable to common stockholders (450,239)(71,945)
Denominator:
Weighted average shares of common stock outstanding - basic and diluted
140,538 139,705 
Net loss per share:
Net loss per share from continuing operations - basic and diluted$(0.46)$(0.13)
Net loss per share from discontinued operations, net of tax - basic and diluted$(2.75)$(0.39)
Net loss per share attributable to common stockholders - basic and diluted
$(3.20)$(0.51)
The outstanding securities that could potentially dilute basic net loss per share in the future that were not included in the computation of diluted net loss per share as the impact would be anti-dilutive are as follows (in thousands):
December 31,
20242023
Redeemable preferred stock (on an as converted basis)20,292 — 
Public Warrants14,675 14,625 
Private Warrants9,950 10,000 
EDGE Warrants687 2,176 
Employee options
11,548 10,503 
RSUs1,517 — 
Jensen Options
661 661 
Total 59,330 37,965 

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&EGoodwill & IntangiblesLeasesSegmentsDebtCommitmentsNew StandardsPay vs Performance