Inogen, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Loss per Share

Loss per Share

3 Months Ended

Mar. 31, 2025

6. Loss per share

Loss per share, or EPS, is computed in accordance with ASC 260—Earnings per Share and is calculated using the weighted-average number of shares of common stock outstanding during each period. Diluted EPS assumes the conversion, exercise or issuance of all potential common stock equivalents (which can include dilution of outstanding stock options and restricted stock units) unless the effect is to reduce a loss or increase the income per share. For purposes of this calculation, common stock subject to repurchase by the Company, options, and other dilutive awards are considered to be common stock equivalents and are only included in the calculation of diluted loss per share when their effect is dilutive.

Basic loss per share is calculated using the Company's weighted-average outstanding shares of common stock. Diluted loss per share is calculated using the Company's weighted-average outstanding shares of common stock including the dilutive effect of stock awards as determined under the treasury stock method.

The computation of EPS is as follows:


	Three months ended March 31,
	2025			2024
Numerator—basic and diluted:
Net loss	$	(6,174	)	$	(14,578	)

Denominator:
Weighted average shares of common stock - basic common stock (1)		25,164,444			23,401,598
Weighted average shares of common stock - diluted common stock		25,164,444			23,401,598

Net loss per share - basic common stock	$	(0.25	)	$	(0.62	)
Net loss per share - diluted common stock (2)	$	(0.25	)	$	(0.62	)

Denominator calculation from basic to diluted:
Weighted average shares of common stock - basic common stock (1)		25,164,444			23,401,598
Stock options and other dilutive awards		684,657			267,100
Weighted average shares of common stock - diluted common stock		25,849,101			23,668,698

Shares excluded from diluted weighted average shares:
Stock options		—			20,000
Restricted stock units		495,777			493,237
Shares excluded from diluted weighted average shares		495,777			513,237

(1) Unvested restricted stock units are not included as shares outstanding in the calculation of basic earnings per share. Vested restricted stock units are included in basic earnings per share if all vesting and performance criteria have been met. Performance-based restricted stock units are included in the number of shares used to calculate diluted earnings per share as long as all applicable performance criteria are met, and their effect is dilutive.

(2) Due to net losses for the three months ended March 31, 2025 and March 31, 2024, diluted loss per share is the same as basic loss per share.