Company: VCYT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001384101-25-000060
Chunk: 64

Company: VERACYTE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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, and interim reporting periods beginning after December 15, 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.

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

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 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 March 31,20252024Numerator for basic and diluted EPS — net income (loss) (A)$7,047 $(1,864)Denominator for basic EPS — weighted average shares (B)78,028 74,760 Effect of potentially dilutive common stock from:Shares of common stock subject to outstanding options671 — Restricted stock units1,320 — Employee stock purchase plan37 — Dilutive potential common shares2,028 — Denominator for diluted EPS — adjusted weighted average shares and assumed conversions (C)80,056 74,760 Basic EPS (A / B)$0.09 $(0.02)Diluted EPS (A / C)$0.09 $(0.02)Common stock equivalent shares excluded from the dilutive calculation due to antidilutive effect:Shares of common stock subject to outstanding options305 3,628 Restricted stock units27 2,936 Employee stock purchase plan— 29 Anti-dilutive potential common shares332 6,593 

3. Balance Sheet Components

GoodwillGoodwill was $754.3 million and $745.8 million as of March 31, 2025 and December 31, 2024, respectively. The changes in the