Features Pricing Learn Reverse Splits Tracker Shelf & ATM Tracker Warrant Tracker PIPE Deal Tracker Weekly Report FAQ API Sign In →
93 /100
COMPONENT-LIMITED
Score updated Oct 13, 2026

SMSI — Smith Micro Software, Inc. Dilution Risk Tracker

Track SMSI 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.

🔔 Track SMSI — Get alerts when the score changes →

As of October 13, 2026, Smith Micro Software, Inc. (SMSI) has a DilutionWatch DilutionScore of 93/100, rated CRITICAL dilution risk. This is a component-limited score because one or more material inputs are unavailable or not applicable. Smith Micro Software, Inc. has a market capitalization of $14.37M, 5.59M shares outstanding, 24 institutional holders tracked. Stored dilution-related fields include 5.58M 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
72
💰 Cash Runway
85
📊Float Risk—
⚠️ Warrant Exposure
90
🔄 Convertible Debt
60

Dilution Forecast

⛈️
Warning
High probability of dilution event
model est. 61%
🔄 Reverse Split model est. 70%
• 50-day avg $0.79 below $1 exchange minimum
• Only 3 months cash — financial pressure
📜 Warrant Exercise model 60%
• Massive warrant overhang: 100% of shares outstanding
• Warrant risk score very high (90/100)
🔁 Convertible Conversion model 40%
• Significant convertible debt: 27% potential dilution
• Elevated convertible risk (60/100)
🔔 Track SMSI — Get forecast alerts →

Market Data

Market Cap$14.37M
Shares Outstanding5.59M
FloatN/A
Cash$2.79M
Debt$3.80M
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
DilutionScore93/100DilutionWatch score record
Shares Outstanding5.59MVerified float table or market cache
Public FloatNot availableVerified float table or market cache
Market Cap$14.37MMarket data cache
Cash Runway3.0 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants5.58MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 4 3, 8-K 1, EFFECT 1, 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

QoQ: ↑ 2.8% shares (2026Q1 vs prior)
24 institutional holders · 1.91M shares
#1 VANGUARD CAPITAL MANAGEMENT LLC 614.2K shares
#2 Pacific Ridge Capital Partners, LLC 519.8K shares
#3 GEODE CAPITAL MANAGEMENT, LLC 363.0K shares
+ 17 more holders Sign up free to view →

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 Interest96.9K
Days to Cover4.2
% of FloatN/A
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-14
xbrl XBRL CONVERTIBLE 2026-08-14
8-K 8K EVENT 2026-06-12
EFFECT EFFECT 2026-05-20
4 INSIDER TRANSACTION 2026-05-18
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual SMSI Dilution Snapshot

Smith Micro Software, Inc. (SMSI) has a DilutionScore of 93/100, 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

SMSI's DilutionScore is currently 93/100 (Critical risk), with 3 score changes tracked over 89 days. The score improved from 84/100 (Critical risk).

Period Score Risk Level Duration
Oct 08 – Oct 13, 202693/100CRITICAL6 days
Sep 28 – Oct 07, 202684/100CRITICAL10 days
Aug 14 – Sep 27, 202675/100HIGH44 days
Jul 16 – Aug 13, 202683/100CRITICAL29 days

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

Share Dilution History

SMSI shares outstanding have increased 1.4% from 25.21M (Mar 2026) to 25.56M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 25, 202625.56M18.66M▼ 0.08%
May 23, 202625.56M18.67M▼ 0.20%
May 21, 202625.56M18.71M▼ 0.20%
May 03, 202625.61M18.75M▼ 0.59%
May 01, 202625.61M18.86M▲ 0.05%
Apr 10, 202625.76M18.85M▼ 0.21%
Mar 26, 202625.76M18.89M▼ 0.04%
Mar 17, 202625.76M18.90M▼ 0.05%
Mar 14, 202625.76M18.91M▼ 0.14%
Mar 13, 202625.21M18.93M▲ 0.34%
Mar 11, 202625.21M18.87M▲ 19.55%
Mar 05, 202625.21M15.78M▲ 0.15%

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

Track SMSI Dilution Risk in Real-Time
DilutionWatch monitors SEC filings 24/7 and alerts you the moment SMSI files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.
Start Tracking SMSI — Free
Email alert within minutes of any SEC filing Daily DilutionScore™ recalculation Score history & trend tracking Tracks 8,000+ tickers simultaneously

Related Stocks — CRITICAL Risk

Other CRITICAL dilution risk stocks tracked by DilutionWatch with similar profiles:

→ Software / SaaS sector dilution risk overview

Browse all 8,490+ tracked stocks →

📖 Dilution Education
→ Complete Dilution Guide for Retail Investors → Anti-Dilution Provisions Explained → Stock Dilution Red Flags to Watch → Understanding Shelf Registrations

Score Coverage Note