VERRA MOBILITY Corp Earnings Per Share Disclosure
Basic net income per share is calculated by dividing net income by the weighted average shares outstanding during the period, without consideration of common stock equivalents. Diluted net income per share is calculated by adjusting the weighted average shares outstanding for the dilutive effect of common stock equivalents outstanding for the period, determined using the treasury-stock method.
The components of basic and diluted net income per share are as follows:
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For the Year Ended December 31, |
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(In thousands, except per share data) |
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2025 |
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2024 |
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2023 |
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Numerator: |
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Net income |
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$ |
136,633 |
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$ |
31,448 |
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$ |
57,015 |
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Denominator: |
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Weighted average shares - basic |
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159,000 |
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165,090 |
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|
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158,777 |
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Common stock equivalents |
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2,292 |
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|
|
2,627 |
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|
1,240 |
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Weighted average shares - diluted |
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161,292 |
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|
167,717 |
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|
|
160,017 |
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Net income per share - basic |
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$ |
0.86 |
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$ |
0.19 |
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$ |
0.36 |
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Net income per share - diluted |
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$ |
0.85 |
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$ |
0.19 |
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$ |
0.36 |
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Antidilutive shares excluded from diluted net income per share: |
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ASR shares (1) |
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— |
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952 |
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566 |
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Non-qualified stock options |
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— |
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— |
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|
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222 |
|
Performance share units |
|
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14 |
|
|
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12 |
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|
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22 |
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Restricted stock units |
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10 |
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|
|
23 |
|
|
|
219 |
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Total antidilutive shares excluded |
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24 |
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|
987 |
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1,029 |
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(1) This represents the number of additional estimated shares the counterparties to the Company’s ASR agreements initiated in 2024 and 2023, respectively, would have been required to deliver had the ASRs been settled as of December 31, 2024 and 2023, respectively. The final settlement of the 2024 ASR occurred in the first quarter of 2025, at which time, the Company received 685,934 additional shares. The final settlement of the 2023 ASR occurred in the first quarter of 2024, at which time, the Company received 534,499 additional shares.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2019 | Mar 2, 2020 | |
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.