EARNINGS PER SHARE INFORMATION

9 Months Ended

Sep. 30, 2025

EARNINGS PER SHARE INFORMATION. On April 2, 2024, there were approximately 274 million shares of GE Vernova

common stock outstanding. The computation of basic and diluted earnings (loss) per common share for all periods through April 1, 2024

was calculated using 274 million common shares and is net of Net loss (income) attributable to noncontrolling interests. For periods prior to

the Spin-Off, there were no dilutive equity instruments as there were no equity awards of GE Vernova outstanding prior to the Spin-Off. The

dilutive effect of outstanding stock options, restricted stock units, and performance share units is reflected in the denominator for diluted

earnings per share using the treasury stock method.


	Three months ended September 30		Nine months ended September 30
(In millions, except per share amounts)	2025	2024	2025	2024
Numerator:
Net income (loss)	$453	$(99)	$1,209	$1,075
Net loss (income) attributable to noncontrolling interests	(1)	3	11	(7)
Net income (loss) attributable to GE Vernova	$452	$(96)	$1,220	$1,068

Denominator:
Basic weighted-average shares outstanding	272	275	273	274
Dilutive effect of common stock equivalents	3	—	4	3
Diluted weighted-average shares outstanding	275	275	277	277

Basic earnings (loss) per share	$1.66	$(0.35)	$4.47	$3.90
Diluted earnings (loss) per share	$1.64	$(0.35)	$4.41	$3.85
Antidilutive securities(a)	1	6	1	1

(a) Diluted earnings (loss) per share excludes certain shares issuable under share-based compensation plans because the effect would

have been antidilutive.

GE Vernova Inc. 10-Q