Net Income (Loss) Per Share

3 Months Ended

Aug. 31, 2025

4. NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed using the treasury stock method by dividing net income (loss) by the weighted average number of shares of common stock outstanding.

The calculation of net income (loss) per share follows:


	Three months ended August 31,
	2025		2024
Numerator for basic and diluted net income (loss) per share:
Net income (loss) attributable to Neogen	$	36,338	$	(12,609	)
Denominator for basic net income (loss) per share:
Weighted average shares		217,217,836		216,695,348
Effect of dilutive stock options and RSUs		117,090		—
Denominator for diluted net income (loss) per share		217,334,926		216,695,348
Net income (loss) per share:
Basic	$	0.17	$	(0.06	)
Diluted	$	0.17	$	(0.06	)

For the three months ended August 31, 2025, 661,000 shares were excluded from the calculation of diluted net income per share, because the inclusion of such securities in the calculation would have been anti-dilutive. Due to the loss reported for the three months ended August 31, 2024, the stock options and RSUs were anti-dilutive.