Share count +616278.0% in a year
Dilution: new shares, stock pay and buybacks
Shares offered
Since Nov 12, 2023: 3 at-the-market programs, 4 sales of new shares, 4 shelf registrations; also 4 resales by holders, 1 update to an earlier prospectus. Latest at-the-market program for common stock: May 29, 2026, up to $250.0M.
- Sep 30, 2026 Sale of 4.4M new shares 424B5
- May 29, 2026 At-the-market program: up to $250M of common stock 424B5
- Apr 27, 2026 Sale of 3.1M new shares 424B5
- Sep 22, 2025 Shelf registration: shares and other securities, amount not fixed S-3ASR
- Sep 15, 2025 At-the-market program: up to $93M of common stock 424B5
- Jun 6, 2025 Sale of 2.6M new shares 424B4
Every offering filing →“We are offering to purchasers (i) 4,369,356 shares of our Class A common stock, par value $0.001 per share, at a purchase price of $3.433 per share and (ii) accompanying common warrants to purchase up to an aggregate of 4,369,356 shares of our Class A common stock (each a “Common Warrant”, and collectively, the “Common Warrants”) with an exercise price of $3.776 per Class A common stock (and the shares of our Class …”
424B5, Sep 30, 2026 ↗
Bought back
-
no buyback line in the 10-K XBRL, year to Dec 31, 2025
Diluted shares: 22.05M in the year to Dec 31, 2025 2025 +616278.0%
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
No cash flow chart for banks and insurers: their operating cash flow moves with loans, deposits and trading, so it says little about how cash was spent.
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | - | - | $9.2M | $29.9M | 22.05M |
| 2024-12-31 | - | - | $2.5M | $3.0M | 4K |
| 2023-12-31 | - | - | $1.6M | $500K | 608K |
| 2022-12-31 | - | - | $2.3M | $18.6M | 270K |
| 2021-12-31 | - | - | $4.3M | $22.7M | 2.46M |
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: sbc = ShareBasedCompensation; issuance = ProceedsFromIssuanceOfCommonStock; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.