What is GBTG's dilution risk score?

GBTG currently has a DilutionScore of 20/100, indicating low dilution risk. DilutionWatch monitors GBTG SEC filings in real-time, scanning EDGAR every 60 seconds for shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals.

What SEC filings does DilutionWatch track for GBTG?

DilutionWatch tracks 25 SEC filing types for GBTG including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect GBTG shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For GBTG, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for GBTG tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for GBTG. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

GBTG Dilution Risk Score: 20/100 (LOW)

📊 Score Breakdown

📋 Offering Ability

20

💰 Cash Runway

0

📊 Float Risk

57

⚠️ Warrant Exposure

30

🔄Convertible Debt—

🌦️ Dilution Forecast

☀️

Clear

No significant dilution signals

7%

📜 Warrant Exercise 15%

• Warrant overhang: 7.5% of shares outstanding

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💹 Market Data

Market Cap$4.87B

Shares Outstanding521.46M

Float194.24M

Cash$442.00M

Debt$1.52B

Short InterestN/A

🏛 Institutional Holdings

QoQ: ↑ 14.8% shares (2026Q1 vs prior)

167 institutional holders · 342.27M shares

#1 AMERICAN EXPRESS CO 157.79M shares

#2 BlackRock, Inc. 48.68M shares

#3 Apollo Management Holdings, L.P. 22.88M shares

+ 17 more holders Sign up free to view →

📉 Short Interest

Short Interest4.06M

Days to Cover1.1

% of Float2.1%

FINRA data as of Jun 30, 2026

👤 Insider Buy/Sell Ratio

📁 Recent SEC Activity

xbrl XBRL WARRANT Dec 31, 2024

4 INSIDER TRANSACTION Mar 06, 2026

4 INSIDER TRANSACTION Mar 03, 2026

Full SEC filing analysis available with free account →

📰 Recent News

No recent news

📋 What This Means for GBTG Shareholders

Global Business Travel Group, Inc. (GBTG) has a DilutionScore of 20/100, rated Low dilution risk. At this score level, DilutionWatch's real-time EDGAR monitoring shows limited near-term dilution signals. This does not mean zero dilution risk — shelf registrations can be filed and activated quickly — but the current filing profile shows no major outstanding dilution programs. Score as of July 13, 2026.

DilutionWatch tracks 39.0M outstanding warrants for GBTG. Warrants become dilutive when exercised — converting to common shares at the strike price. Warrants near or in-the-money deserve particular attention since exercise can add materially to the outstanding share count within a short window.

DilutionWatch tracks over 25 SEC filing types for GBTG in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for GBTG alongside comparable low-risk stocks. Not financial advice — this analysis is for informational purposes only.

Warrants Explained →