Basic earnings per share excludes dilution and is computed by dividing net income available to Nextpower Inc. common stockholders by the weighted-average number of shares of Class A common stock outstanding during the applicable periods.

Diluted earnings per share reflects the potential dilution from stock-based compensation awards. The potential dilution from awards was computed using the treasury stock method based on the average fair market value of the Company’s common stock for the period. Additionally, the potential dilution impact of Class B common stock convertible into Class A common stock was also considered in the calculation.


	Fiscal year ended March 31, 2026					Fiscal year ended March 31, 2025					Fiscal year ended March 31, 2024
	Income		Weighted average shares outstanding	Per share		Income		Weighted average shares outstanding	Per share		Income		Weighted average shares outstanding	Per share
	Numerator		Denominator	Amount		Numerator		Denominator	Amount		Numerator		Denominator	Amount
	(In thousands, except share and per share amounts)
Basic EPS
Net income attributable to Nextpower Inc. common stockholders	$	585,883	147,976,256	$	3.96	$	509,168	143,539,344	$	3.55	$	306,241	77,067,639	$	3.97

Effect of Dilutive Impact
Common stock equivalents from Options awards (1)			2,029,255					1,198,258					1,089,554
Common stock equivalents from RSUs (2)			1,489,464					1,349,145					1,268,923
Common stock equivalents from PSUs (3)			1,215,058					1,287,558					558,733
Income attributable to non-controlling interests and common stock equivalent from Class B common stock	$	—	—			$	8,078	1,901,645			$	189,974	67,299,481

Diluted EPS
Net income	$	585,883	152,710,033	$	3.84	$	517,246	149,275,950	$	3.47	$	496,215	147,284,330	$	3.37

(1)During the fiscal years ended March 31, 2026, 2025 and 2024, no Options awards and approximately 0.7 million and 0.5 million Options awards, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.

(2)During the fiscal years ended March 31, 2026, 2025 and 2024, an immaterial amount of RSU awards, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.

(3)During the fiscal years ended March 31, 2026, 2025 and 2024, no PSU awards and an immaterial amount of PSU awards and no PSU awards, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.