LOSS PER SHARE
    The following table sets forth the computation of basic and diluted loss per share:
 Fiscal Year Ended March 31,
202520242023
Computation of Basic loss per share:   
Net loss$(4,478.9)$(3,744.2)$(1,124.7)
Weighted average common shares outstanding—basic175.1 170.1 159.9 
Basic loss per share(25.58)(22.01)(7.03)
We incurred a net loss for the fiscal year ended March 31, 2025, 2024, and 2023; therefore, the diluted weighted average shares outstanding excludes the effect of unvested common stock equivalents because their effect would be antidilutive. For the fiscal year ended March 31, 2025, we had 2.3 potentially dilutive shares from share-based awards and 0.1 of shares from Convertible Notes that are excluded due to the net loss for the period.

Historical Timeline

Fiscal YearFiled
2025May 20, 2025Showing above
2024May 22, 2024
2023May 26, 2023
2022May 17, 2022
2021May 19, 2021
2016May 19, 2016

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.