These 20 stocks have the highest DilutionScore™ ratings across 10,000+ tracked companies. A score of 80+ indicates critical risk of imminent share dilution — meaning the company is likely to issue new shares and dilute existing shareholders in the near term.
| # | Ticker | Company | DilutionScore™ | Cash Runway | |
|---|---|---|---|---|---|
| 1 | $ECDA | ECD Automotive Design, Inc. | 100/100 | ⚠️ <1mo | View Analysis → |
| 2 | $TRNR | Interactive Strength Inc. | 99/100 | ⚠️ <1mo | View Analysis → |
| 3 | $MOVE | Movano Inc. | 96/100 | 3.2mo | View Analysis → |
| 4 | $BNRG | Brenmiller Energy Ltd | 94/100 | 4.0mo | View Analysis → |
| 5 | $KUST | Kustom Entertainment, Inc. | 93/100 | ⚠️ <1mo | View Analysis → |
| 6 | $ALUR | Allurion Technologies Inc. | 91/100 | 3.9mo | View Analysis → |
| 7 | $DRMA | Dermata Therapeutics, Inc. | 90/100 | 9.0mo | View Analysis → |
| 8 | $CHEV | Charging Robotics Inc. | 89/100 | ⚠️ <1mo | View Analysis → |
| 9 | $HCTI | Healthcare Triangle, Inc. | 89/100 | 1.7mo | View Analysis → |
| 10 | $PAVM | PAVmed Inc. | 89/100 | 3.4mo | View Analysis → |
| 11 | $XWEL | XWELL, Inc. | 88/100 | 5.8mo | View Analysis → |
| 12 | $CDT | CDT Equity Inc. | 87/100 | 2.8mo | View Analysis → |
| 13 | $SGN | Signing Day Sports, Inc. | 87/100 | ⚠️ <1mo | View Analysis → |
| 14 | $FOXO | FOXO Technologies Inc. | 86/100 | 1.0mo | View Analysis → |
| 15 | $BNKK | Bonk, Inc. | 86/100 | 2.0mo | View Analysis → |
| 16 | $LOCL | Local Bounti Corporation | 86/100 | ⚠️ <1mo | View Analysis → |
| 17 | $JAGX | Jaguar Health, Inc. | 85/100 | 2.8mo | View Analysis → |
| 18 | $REED | Reed's, Inc. | 85/100 | 3.9mo | View Analysis → |
| 19 | $BLNE | Beeline Holdings, Inc. | 85/100 | 1.9mo | View Analysis → |
| 20 | $ADGM | Adagio Medical Holdings, Inc. | 84/100 | 4.2mo | View Analysis → |
The DilutionScore™ is a 0-100 rating calculated from five factors pulled directly from SEC filings:
• Shelf Registration Capacity (0-25) — How much registered capacity does the company have to issue new shares via S-3 or ATM offerings?
• Cash Runway (0-25) — How many months of operating expenses does the company have left? Companies running low on cash must raise capital, usually through dilution.
• Float Risk (0-25) — What percentage of shares outstanding could be added to the float through warrant exercises or convertible debt conversions?
• Warrant Overhang (0-15) — Outstanding warrants that could flood the market if exercised.
• Convertible Exposure (0-10) — Convertible notes that convert to shares at a discount to market price.
Scores above 75 are CRITICAL. Scores 50-75 are HIGH. 25-50 is MEDIUM. Below 25 is LOW.
When a company's DilutionScore™ reaches 100, it signals an imminent risk of share dilution — often driven by upcoming equity offerings, warrant issuances, or other capital-raising activities. These companies are not just speculative; they're actively pursuing funding through new share issuance, which can significantly erode existing shareholder value.
The stocks in the top 20 list of DilutionWatch are often in high-growth sectors like technology, biotech, or special purpose acquisition companies (SPACs). Many of these firms have weak cash positions and rely heavily on capital markets for operations. SEC filings such as S-1s and Form S-3s often reveal upcoming shelf registrations, which allow companies to issue shares at will — a red flag that DilutionWatch monitors closely.
For investors, a company with a score of 100 isn’t an automatic sell signal. But it’s a strong warning to monitor for any new equity issuance. For example, a company like ECD Automotive Design, Inc. (ECDA) may be raising capital through a PIPE deal or warrant offering, which could dilute existing shareholders by up to 20% in the next 12 months. Warrant Tracker is essential here — warrants often come with low strike prices and can lead to significant dilution if exercised.
Our Shelf & ATM Monitor tracks companies that have filed shelf registrations, a key indicator of future dilution risk. Combined with our , investors can identify not just individual high-risk stocks but entire sectors that may be experiencing systemic dilution pressures.
Investors should also understand that SEC EDGAR filings are the source of our data — meaning all dilution events are publicly disclosed and can be independently verified. However, timing is everything: a company may file a shelf registration months in advance but only begin issuing shares when market conditions are favorable.
Stay informed, stay ahead — DilutionWatch monitors over 10,000 companies daily, ensuring you’re always in the know about potential share dilution risks in 2026.
Get instant alerts when companies you're watching file shelf registrations, issue new shares, or exercise warrants. Free tier available.
Start Tracking Free →