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32 /100
COMPONENT-LIMITED
Score updated Oct 13, 2026

TPB — Turning Point Brands, Inc. Dilution Risk Tracker

Track TPB 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, Turning Point Brands, Inc. (TPB) has a DilutionWatch DilutionScore of 32/100, rated MEDIUM dilution risk. This is a component-limited score because one or more material inputs are unavailable or not applicable. Turning Point Brands, Inc. has a market capitalization of $1.13B, 20.05M shares outstanding, 241 institutional holders tracked.

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
40
💰Cash Runway—
📊 Float Risk
25
⚠️ Warrant Exposure
40
🔄 Convertible Debt
60

Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
model est. 20%
🔁 Convertible Conversion model 40%
• Significant convertible debt: 26% potential dilution
• Elevated convertible risk (60/100)
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Market Data

Market Cap$1.13B
Shares Outstanding20.05M
Float16.98M
Cash$268.31M
Debt$294.14M
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
DilutionScore32/100DilutionWatch score record
Shares Outstanding20.05MVerified float table or market cache
Public Float16.98MVerified float table or market cache
Market Cap$1.13BMarket data cache
Cash RunwayNot applicable / unavailableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 1.

Recent SEC source mix: XBRL 1.

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: ↑ 15.8% shares (2026Q1 vs prior)
241 institutional holders · 22.43M shares
#1 VANGUARD CAPITAL MANAGEMENT LLC 1.63M shares
#2 BlackRock, Inc. 1.47M shares
#3 MORGAN STANLEY 1.41M 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 Interest3.18M
Days to Cover5.8
% of Float18.7%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2026-03-02
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual TPB Dilution Snapshot

Turning Point Brands, Inc. (TPB) has a DilutionScore of 32/100, rated Medium 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

TPB's DilutionScore is currently 32/100 (Medium risk), with 3 score changes tracked over 89 days. The score improved from 31/100 (Medium risk).

Period Score Risk Level Duration
Oct 10 – Oct 13, 202632/100MEDIUM4 days
Aug 22 – Oct 09, 202631/100MEDIUM49 days
Aug 14 – Aug 21, 202627/100MEDIUM7 days
Jul 16 – Aug 13, 202631/100MEDIUM29 days

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

Share Dilution History

TPB shares outstanding have increased 1.6% from 19.07M (Mar 2026) to 19.37M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 27, 202619.37M16.98M▼ 0.02%
May 19, 202619.37M16.98M▼ 6.24%
May 08, 202619.34M18.11M▲ 1.18%
Apr 18, 202619.34M17.90M▲ 2.24%
Apr 11, 202619.34M17.51M▼ 0.06%
Mar 28, 202619.34M17.52M▲ 0.10%
Mar 20, 202619.14M17.50M▼ 0.49%
Mar 05, 202619.07M17.59M▲ 0.03%
Mar 04, 202619.07M17.58M▲ 0.05%

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

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Score Coverage Note