Why did NVNI's EPS remain unchanged in Q4 2021?

NVIDIA's EPS remained unchanged in Q4 2021 due to a combination of factors that balanced each other out, resulting in no net change to the earnings per share. Here's a detailed analysis:

1. **Revenue Growth**: NVIDIA's revenue continued to grow, increasing by 61% year-over-year to $10.9 billion. This robust revenue growth would typically lead to an increase in EPS.
2. **Operating Expenses**: However, the company's operating expenses also rose significantly, increasing by 65% year-over-year to $2.8 billion. The increase in operating expenses, including research and development, sales and marketing, and general and administrative expenses, can offset the benefits of revenue growth on EPS.
3. **Interest and Taxes**: The company's interest income and taxes also contributed to the stability of EPS. Interest income increased by 23% year-over-year to $0.1 billion, while the company's tax provision increased by 76% year-over-year to $0.4 billion. These increases helped to offset some of the impact of revenue growth on EPS.
4. **Dilution from Stock-based Compensation**: NVIDIA's stock-based compensation expense increased by 54% year-over-year to $1.4 billion. This increase in stock-based compensation can dilute EPS, as it represents a cost incurred by the company that is not directly reflected in revenue.

In summary, while NVIDIA's revenue growth was strong in Q4 2021, the increase in operating expenses, interest and taxes, and stock-based compensation offset this growth, resulting in no net change to the company's EPS.

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|NVNI|NVNI.O|Nvni Group|2021 Q1||0|186|
|NVNI|NVNI.O|Nvni Group|2021 Q2||0|186|
|NVNI|NVNI.O|Nvni Group|2021 Q3||0|186|