Company: VCYT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001384101-25-000130
Chunk: 78

Company: VERACYTE, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 amount of an entity's selling expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, 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 September 30,Nine Months Ended September 30,2025202420252024Numerator for basic and diluted EPS — net income (A)$19,137 $15,155 $25,204 $19,025 Denominator for basic EPS — weighted average shares (B)78,725 77,014 78,384 76,107 Effect of potentially dilutive common stock from:Shares of common stock subject to outstanding options333 511 438 503 Restricted stock units595 907 1,081 696 Employee stock purchase plan39 33 43 34 Dilutive potential common shares967 1,451 1,562 1,233 Denominator for diluted EPS — adjusted weighted average shares and assumed conversions (C)79,692 78,465 79,946 77,340 Basic EPS (A / B)$0.24 $0.20 $0.32 $0.25 Diluted EPS (A / C)$0.24 $0.19 $0.32 $0.25 Common stock equivalent shares excluded from the