Software, SaaS, and Cloud Dilution Risk
Software dilution risk varies widely: profitable platforms can buy back stock, while smaller cash-burning SaaS names may issue equity.
Why Software / SaaS Dilution Risk Matters
This page helps separate mature compounders from high-burn software issuers with financing risk.
How To Use This Software / SaaS Page
Use this as a research starting point. Check individual ticker pages for the live score, SEC filing context, float data, shelf capacity, cash runway, warrants, and other dilution signals before making any decision.
Software / SaaS Dilution Risk Signals To Watch
Software / SaaS pages are organized around search angles investors actually use: highest-risk names, SEC filing signals, shelf and ATM activity, cash runway pressure, warrant overhang, public float, and debt load. Each paragraph is written to stand alone so search engines and AI retrieval systems can cite the page cleanly.
SEC Filing Angle
Look for shelf registrations, prospectus supplements, registered direct offerings, PIPE deals, ATM programs, convertible notes, warrant exercises, and reverse split filings. These are often the filings that appear before dilution becomes visible in share-count history.
Balance Sheet Angle
Cash, debt, and market cap help explain whether a company can fund operations without issuing stock. Low cash relative to operating needs can raise dilution risk even before a new offering is announced.
Float and Warrant Angle
Small public floats can move sharply when new shares or warrant exercises enter the market. A high warrant-risk score or large float change can signal future supply pressure.
Ranking Angle
The ranked table puts the highest current DilutionWatch scores first. The table is not a recommendation; it is a research queue for users who want to investigate dilution risk faster.
Ranked Software / SaaS Watchlist
Ranked by DilutionWatch score, SEC signal count, and available market data. This is not a buy, sell, short, or hold list.
| Ticker | Company | Risk | Score | Market Cap | Cash | Debt | Public Float |
|---|---|---|---|---|---|---|---|
| DRCT | Direct Digital Holdings, Inc. | CRITICAL | 93/100 | $1.98M | $796.0K | $16.69M | 695.9K |
| DBGI | Digital Brands Group, Inc. | CRITICAL | 90/100 | $11.12M | $5.12M | $6.21M | 22.99M |
| SMSI | Smith Micro Software, Inc. | CRITICAL | 83/100 | $22.23M | $1.74M | $3.80M | 18.66M |
| MIGI | Big Digital Energy Inc | CRITICAL | 81/100 | $25.84M | $2.44M | $26.89M | 3.59M |
| BGDE | Big Digital Energy, Inc. | CRITICAL | 80/100 | $39.67M | $2.44M | $26.89M | 3.59M |
| NUAI | New Era Energy & Digital, Inc. | CRITICAL | 76/100 | $483.16M | $2.22M | $11.66M | 74.68M |
| EMPD | Empery Digital Inc. | CRITICAL | 76/100 | $126.50M | $5.70M | $44.95M | 18.51M |
| CDAQF | Compass Digital Acquisition Corp. | HIGH | 71/100 | $59.63M | $90.3K | $1.95M | 104.1K |
| RCT | RedCloud Holdings plc | HIGH | 69/100 | $40.37M | $479.0K | $7.27M | 12.63M |
| DCX | Digital Currency X Technology Inc. | HIGH | 68/100 | $49.36M | $44.20M | $96.96M | 0 |
| DTSQ | DT Cloud Star Acquisition Corporation | HIGH | 67/100 | $41.17M | $1.7K | $0 | 1.37M |
| TDTH | Trident Digital Tech Holdings Ltd | HIGH | 65/100 | $12.13M | $150.3K | $100.7K | N/A |
| DBMM | Digital Brand Media & Marketing Group, Inc. | HIGH | 65/100 | $692.2K | $30.2K | $3.99M | 0 |
| ALDSD | APPlife Digital Solutions Inc | HIGH | 65/100 | N/A | $16.3K | $558.9K | N/A |
| SDM | Smart Digital Group Limited | HIGH | 65/100 | $58.69M | $251.4K | $189.9K | 13.52M |
| EDHL | Everbright Digital Holding Limited | HIGH | 65/100 | $4.90M | $3.2K | $0 | 541.3K |
| BTBT | Bit Digital, Inc. | HIGH | 62/100 | $705.36M | $79.53M | $3.04M | 342.99M |
| CSAI | Cloudastructure Inc. | HIGH | 58/100 | $11.91M | $5.75M | $0 | 22.77M |
| CHOW | ChowChow Cloud International Holdings Limited | HIGH | 56/100 | $12.78M | $2.77M | $604.5K | 11.03M |
| ILAG | Intelligent Living Application Group Inc. | HIGH | 54/100 | $7.81M | $645.9K | $1.58M | 986.4K |
| NFSN | Nongfu Shop Digital New Retail Co., LTD | HIGH | 51/100 | $37.8K | $0 | $120.2K | 67.92M |
| SPST | Superstar Platforms, Inc. | HIGH | 51/100 | $16.04M | $62 | $2.99M | 0 |
| IONI | I-ON Digital Corp. | MEDIUM | 50/100 | $9.21M | $193.0K | $3.3K | 26.26M |
| DSY | Big Tree Cloud Holdings Limited | MEDIUM | 50/100 | $8.89M | $1.68M | $1.31M | N/A |
| PLTS | Platinum Analytics Cayman Limited | MEDIUM | 50/100 | $316.03M | $2.61M | $861.7K | 7.55M |
| CLOW | Cloudweb, Inc. | MEDIUM | 48/100 | $306.0K | $0 | $1.8K | 2.22M |
| SKYX | SKYX Platforms Corp. | MEDIUM | 45/100 | $151.97M | $34.13M | $7.04M | 85.66M |
| WIMI | WiMi Hologram Cloud Inc. | MEDIUM | 44/100 | $31.44M | $480.42M | $4.27M | 15.30M |
| KOYN | CSLM Digital Asset Acquisition Corp III, Ltd | MEDIUM | 44/100 | $319.37M | $0 | $0 | 23.32M |
| ZKP | Lafayette Digital Acquisition Corp. I | MEDIUM | 43/100 | $388.20M | $846.7K | $0 | 29.07M |
| DYOR | Insight Digital Partners II | MEDIUM | 43/100 | $230.92M | $941.4K | $0 | 14.40M |
| DGTEF | DIGITAL ASSET TECHNOLOGIES INC. | MEDIUM | 43/100 | $581.7K | $66.1K | $58.7K | 14.85M |
| BLIN | Bridgeline Digital, Inc. | MEDIUM | 41/100 | $15.37M | $1.37M | $137.0K | 10.17M |
| APLD | Applied Digital Corporation | MEDIUM | 39/100 | $13.24B | $1.73B | $7.19M | 253.86M |
| RIOT | Riot Platforms, Inc. | MEDIUM | 39/100 | $10.25B | $209.92M | $842.16M | 348.66M |
| CLDVF | Cloud3 Ventures Inc. | MEDIUM | 38/100 | $869.3K | $761 | $0 | N/A |
| ANTA | Antalpha Platform Holding Compa | MEDIUM | 37/100 | $178.74M | $7.85M | $15.80M | 2.79M |
| JPOTF | Jackpot Digital Inc. | MEDIUM | 37/100 | $11.39M | $462.0K | $6.10M | 245.00M |
| YDKG | Yueda Digital Holding | MEDIUM | 37/100 | $4.59M | $4.70M | $0 | 5.45M |
| DOCN | DigitalOcean Holdings, Inc. | MEDIUM | 36/100 | $16.28B | $741.36M | $919.72M | 84.94M |
| GLXY | Galaxy Digital | MEDIUM | 36/100 | $11.53B | $1.53B | $4.65B | 188.02M |
| RTB | RTB Digital, Inc. | MEDIUM | 35/100 | $25.18M | $5.51M | $19.61M | 4.67M |
| ORIO | Orion Digital Corp. | MEDIUM | 35/100 | $22.28M | $17.21M | $60.73M | 19.92M |
| YRD | Yiren Digital Ltd. | MEDIUM | 33/100 | $118.98M | $478.78M | $27.68M | 31.20M |
| RDAG | Republic Digital Acquisition Company | MEDIUM | 32/100 | $387.75M | $1.08M | $0 | 27.03M |
| HKD | AMTD Digital Inc. | MEDIUM | 32/100 | $571.99M | $46.36M | $436.94M | 30.66M |
| HIVE | HIVE Digital Technologies Ltd. | MEDIUM | 31/100 | $1.14B | $23.11M | $2.04M | 251.16M |
| MHH | Mastech Digital, Inc. | MEDIUM | 31/100 | $74.51M | $33.55M | $2.12M | 4.07M |
| SKKY | Skkynet Cloud Systems, Inc. | MEDIUM | 31/100 | $15.94M | $1.43M | $0 | 15.75M |
| HOLO | MicroCloud Hologram Inc. | MEDIUM | 28/100 | $49.72M | $390.19M | $7.40M | 22.30M |
| PEW | GrabAGun Digital Holdings Inc. | MEDIUM | 27/100 | $79.97M | $106.43M | $7.77M | 18.79M |
| BTCT | BTC Digital Ltd. | MEDIUM | 27/100 | $10.85M | $350.0K | $94.93M | 9.08M |
| CD | Chaince Digital Holdings Inc. | MEDIUM | 26/100 | $653.82M | $39.90M | $1.18M | 56.66M |
| DAAQ | Digital Asset Acquisition Corp. | MEDIUM | 26/100 | $237.13M | $614.1K | $0 | 12.00M |
| AI | C3.ai, Inc. | LOW | 25/100 | $1.56B | $610.63M | $60.25M | 135.17M |
| UPLD | Upland Software, Inc. | LOW | 25/100 | $26.51M | $29.78M | $232.41M | 21.65M |
| GEN | Gen Digital Inc. | LOW | 25/100 | $15.54B | $1.01B | $8.20B | 457.31M |
| CGNT | Cognyte Software Ltd. | LOW | 25/100 | $840.86M | $116.88M | $0 | 49.89M |
| BBAI | BigBear.ai Holdings, Inc. | LOW | 24/100 | $2.41B | $36.28M | $16.56M | 475.27M |
| GCT | GigaCloud Technology Inc. | LOW | 24/100 | $1.31B | $363.21M | $0 | 28.24M |
Data Freshness and Staleness Controls
This static page was regenerated from the DilutionWatch database on 2026-08-06. The nightly SEO build updates the visible date, structured-data dateModified field, and sector sitemap lastmod so Google sees the page as current when the underlying data refreshes.
Frequently Asked Questions
What is Software / SaaS dilution risk?
Software / SaaS dilution risk is the chance that companies in this group issue new shares, warrants, convertible securities, or ATM stock to fund operations. DilutionWatch tracks this risk with SEC filing signals, cash runway, market data, float data, and a dilution-risk score.
Which Software / SaaS stocks have the highest dilution risk right now?
The current highest-ranked Software / SaaS names on this page include DRCT, DBGI, SMSI, MIGI, BGDE. The ranking changes when scores, cash, debt, float, and SEC-derived signals update.
How often is this Software / SaaS page updated?
This static page is regenerated from the DilutionWatch database by the SEO build job. The visible updated date and sitemap lastmod are refreshed when the generator runs.
Is this Software / SaaS list financial advice?
No. This sector page is for informational research only. It is not financial advice, not a recommendation, and not a substitute for your own due diligence.
Research Notes
Sector matching currently uses curated ticker seeds plus company-name keywords because the production ticker table does not yet store normalized sector and industry fields. That makes these pages useful immediately without spending API or model tokens, and they can become more precise when Yahoo sector/industry data is stored in the database.