Net Income Per Share

9 Months Ended

Sep. 30, 2025

NOTE 9 – NET INCOME PER SHARE

The following table sets forth the computation of net income per share (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Numerator:
Net income	$	8,828	$	19,314	$	37,364	$	28,595

Denominator:
Weighted average shares of common stock outstanding		109,421		109,035		108,735		108,491
Add: Effect of dilutive securities associated with options		1		—		2		2
Add: Effect of dilutive securities associated with restricted stock awards and units		3,396		4,086		3,931		4,383
Add: Effect of dilutive securities associated with employee stock purchase program		5		3		8		5
Weighted average common shares – dilutive		112,823		113,124		112,676		112,881

Basic net income per share	$	0.08	$	0.18	$	0.34	$	0.26

Diluted net income per share	$	0.08	$	0.17	$	0.33	$	0.25

Anti-dilutive employee stock-based awards, excluded		292		632		1,194		736

Basic net income per share is computed using the weighted average number of shares of common stock outstanding during the period, excluding any unvested restricted stock units that are subject to repurchase. Diluted net income per share is computed using the treasury stock method to calculate the weighted average number of shares of common stock and, if dilutive, potential common shares outstanding during the period. Potentially dilutive common shares include unvested restricted stock units and incremental common shares issuable upon the exercise of stock options, less shares repurchased from assumed proceeds. The assumed proceeds calculation includes actual proceeds to be received from the employee upon exercise and the average unrecognized stock compensation cost during the period.

Adeia Inc. 10-Q