Earnings Per Share

3 Months Ended

Mar. 31, 2025

A reconciliation of the number of shares in the calculation of basic and diluted earnings per share follows:


	Three Months Ended March 31,
	2025		2024

	(in thousands)
Basic earnings per share:
Numerator:
Net (loss) income	$	(7,162)	$	7,456

Denominator:
Weighted-average common shares outstanding used in computing basic earnings per share	188,234		184,015
Basic earnings per share	$	(0.04)	$	0.04

Diluted earnings per share:
Numerator:
Net (loss) income	$	(7,162)	$	7,456
Denominator:
Weighted-average shares used in computing basic earnings per share	188,234		184,015
Add dilutive impact of employee equity plans	—		3,159
Weighted-average shares used in computing diluted earnings per share	188,234		187,174
Diluted earnings per share	$	(0.04)	$	0.04

The dilutive impact of employee equity awards was not applicable to the calculation of diluted net loss per share for the three months ended March 31, 2025, as the effect would have been anti-dilutive.

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of the diluted net income per share attributable to common stockholders for the three months ended March 31, 2024, because their effect would have been anti-dilutive or for which the performance condition had not been met at the end of the period:

Three Months Ended March 31, 2024

(in thousands)

Restricted stock units

1,653

Total anti-dilutive shares

1,653

N-able, Inc. 10-Q