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87 /100
COMPONENT-LIMITED
Score updated Oct 13, 2026

DRMA — Dermata Therapeutics, Inc. Dilution Risk Tracker

Track DRMA dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Dermata Therapeutics, Inc. (DRMA) has a DilutionWatch DilutionScore of 87/100, rated CRITICAL dilution risk. This is a component-limited score because one or more material inputs are unavailable or not applicable. Dermata Therapeutics, Inc. has a market capitalization of $3.58M, 4.02M shares outstanding, 2 institutional holders tracked. Stored dilution-related fields include 5.42M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
80
💰 Cash Runway
65
📊 Float Risk
45
⚠️ Warrant Exposure
90
🔄 Convertible Debt
85

Dilution Forecast

⛈️
Warning
High probability of dilution event
model est. 56%
📜 Warrant Exercise model 60%
• Massive warrant overhang: 135% of shares outstanding
• Warrant risk score very high (90/100)
🔁 Convertible Conversion model 60%
• Major convertible overhang: 49% potential dilution
• Convertible risk score very high (85/100)
🔄 Reverse Split model est. 40%
• 50-day avg $1.28 approaching $1 threshold
• 6 months cash with weak price
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Market Data

Market Cap$3.58M
Shares Outstanding4.02M
Float3.17M
Cash$4.41M
DebtN/A
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore87/100DilutionWatch score record
Shares Outstanding4.02MVerified float table or market cache
Public Float3.17MVerified float table or market cache
Market Cap$3.58MMarket data cache
Cash Runway6.0 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants5.42MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 2.

Recent SEC source mix: XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

2 institutional holders · 89.9K shares
#1 MORGAN STANLEY 89.8K shares
#2 BARCLAYS PLC 180 shares

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest84.5K
Days to Cover3.6
% of Float2.7%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-11
xbrl XBRL CONVERTIBLE 2023-02-21
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual DRMA Dilution Snapshot

Dermata Therapeutics, Inc. (DRMA) has a DilutionScore of 87/100, rated Critical dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

DRMA's DilutionScore is currently 87/100 (Critical risk), with 2 score changes tracked over 89 days. The score improved from 71/100 (High risk).

Period Score Risk Level Duration
Aug 22 – Oct 13, 202687/100CRITICAL53 days
Aug 14 – Aug 21, 202671/100HIGH7 days
Jul 16 – Aug 13, 202687/100CRITICAL29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

DRMA shares outstanding have increased 25.8% from 3.20M (Mar 2026) to 4.02M (Apr 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
Apr 26, 20264.02M3.17M▲ 8.16%
Apr 07, 20264.02M2.93M▼ 0.04%
Apr 01, 20263.20M2.93M▲ 51.37%
Mar 30, 20263.20M1.94M▲ 291.85%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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Score Coverage Note

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Part of the Guerilla Finance research network. Cross-reference multiple data sources for better due diligence.