Earnings per Share

3 Months Ended

Sep. 30, 2023

Earnings per Share Basic earnings (loss) per share (“EPS”) is computed using the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding options, using the treasury stock method and the average market price of the Company’s common stock during the applicable period. When a loss from continuing operations exists, all dilutive securities and potentially dilutive securities are anti-dilutive and are therefore excluded from the computation of diluted earnings per share. When net income from continuing operations exists, performance-based units, are omitted from the calculation of diluted EPS until it is determined that the performance criteria has been met at the

end of the reporting period. For the three months ended September 30, 2023, 348,090 potentially diluted securities were excluded from the weighted-average shares used to calculate the diluted net loss per common share as they would have an anti-dilutive effect.

The following table sets forth the computation of basic and diluted net loss per common share:


	Three months ended September 30,
in thousands, except share values	2023		2022
Net loss attributable to InnovAge Holding Corp.	$	(10,304)	$	(13,073)
Weighted average common shares outstanding (basic)	135,790,401		135,566,117
EPS (basic)	$	(0.08)	$	(0.10)

Dilutive shares	—		—
Weighted average common shares outstanding (diluted)	135,790,401		135,566,117
EPS (diluted)	$	(0.08)	$	(0.10)