Company: VCYT
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001384101-25-000110
Chunk: 25

Company: VERACYTE, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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, 2027, and may be applied either prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of adopting this guidance on the consolidated financial statements.

2. Net Income (Loss) Per Common Share

 Basic earnings (loss) per share, or EPS, is computed based on the weighted average number of common shares outstanding during the period. Diluted EPS is computed based on the sum of the weighted average number of common shares and potentially dilutive common shares outstanding during the period. In loss periods, basic and diluted loss per share are identical since the effect of potentially dilutive common shares is antidilutive and therefore excluded. Potentially dilutive common shares from equity awards are determined using the average share price for each period under the treasury stock method. In addition, proceeds from exercises of equity awards and the average amount of unrecognized compensation expense 

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Table of ContentsVERACYTE, INC.Notes to Financial Statements(unaudited)

for equity awards are assumed to be used to repurchase shares. The following table sets forth the computation of basic and diluted EPS (in thousands, except per-share amounts):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Numerator for basic and diluted EPS — net income (A)$(980)$5,734 $6,067 $3,870 Denominator for basic EPS — weighted average shares (B)78,392 76,538 78,211 75,649 Effect of potentially dilutive common stock from:Shares of common stock subject to outstanding options— 433 503 509 Restricted stock units— 147 1,146 405 Employee stock purchase plan— 45 45 37 Dilutive potential common shares— 625 1,694 951 Denominator for diluted EPS — adjusted weighted average shares and assumed conversions (C)78,392 77,163 79,905 76,600 Basic EPS (A / B)$(0.01)$0.07 $0.08 $0.05 Diluted EPS (A / C)$(0.01)$0.07 $0.08 $0.05 Common stock equivalent shares excluded from the dilutive calculation due to antidilutive effect:Shares of common stock subject to outstanding options2,303 2,410 535 2,406 Restricted stock units3,725 2,963 129