Earnings per Share

9 Months Ended

Sep. 30, 2016

2. Earnings per Share

Basic net loss per share is computed by dividing the net loss attributable to Gevo common stockholders for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share (“EPS”) includes the dilutive effect of common stock equivalents and is computed using the weighted-average number of common stock and common stock equivalents outstanding during the reporting period. Diluted EPS for the nine months ended September 30, 2016 and 2015 excluded common stock equivalents because the effect of their inclusion would be anti-dilutive, or would decrease the reported loss per share.

The following table sets forth securities outstanding that could potentially dilute the calculation of diluted earnings per share.

	September 30,
	2016		2015
Warrants to purchase common stock		29,385,497		3,913,718
2017 Notes		1,503,821		1,502,532
2022 Notes		128,824		291,611
Outstanding options to purchase common stock		715,119		433,371
Unvested restricted common stock		218,520		36,713
Total		31,951,781		6,177,945