Share count +5.7% in a year
Dilution: new shares, stock pay and buybacks
Shares offered
Since Nov 14, 2023: 2 shelf registrations; also 1 resale by holders.
- Sep 13, 2024 Shelf registration: shares and other securities, amount not fixed S-3ASR
- Sep 12, 2024 Shelf registration: shares and other securities, amount not fixed S-3
Every offering filing →“Selling Securityholders From time to time, we may offer and sell the securities identified above, and the selling securityholders may offer and sell shares of our Class A common stock, $0.0001par value per share (“Class A common stock”), identified above (including up to an aggregate of 23,491,701 shares of Class A common stock by the Selling Securityholders identified in the “Selling Securityholders” section of …”
S-3ASR, Sep 13, 2024 ↗
Paid in stock
-
no stock-based pay line in the 10-K XBRL, year to Dec 31, 2025; shares sold for $59.1M in cash
Bought back
-
no buyback line in the 10-K XBRL, year to Dec 31, 2025
Diluted shares: 240.40M in the year to Dec 31, 2025 2025 +5.7%2024 +6.9%2023 +14.4%2022 +7.2%
Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How
Where the cash came from and where it went
FY2023 to FY2025, from the cash flow statements in the 10-Ks, added up.
Came from
| Debt raised | $3.5B |
| Shares sold | $88.4M |
Went to
| Operating cash flow (outflow) | $166.6M |
| Capital spending | $199.3M |
| Dividends | $2.4M |
| Added to cash | $2.0B |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$1.3B |
Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.
What the 10-Ks show for each CEO's years
The CEO of each fiscal year as named in the proxy's pay versus performance table, and what the 10-Ks show for those years.
KR Sridhar
- Operating cash flow
- $113.9M
- Capital spending
- $56.8M
- Dividends
- $947K
- Diluted shares since FY2024
- +5.7%
- Revenue since FY2024
- +37%
- Debt since FY2024
- +$1.4B
- CEO pay (reported)
- $3.5M
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | - | $947K | - | $59.1M | 240.40M |
| 2024-12-31 | - | $1.5M | - | $12.4M | 227.37M |
| 2023-12-31 | - | $0 | - | $16.9M | 212.68M |
| 2022-12-31 | - | $0 | - | $15.3M | 185.91M |
| 2021-12-31 | - | - | - | $89.8M | 173.44M |
From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: dividends = PaymentsOfDividends; issuance = ProceedsFromIssuanceOfCommonStock; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.