31 /100
MEDIUM RISK
Score updated Jul 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 July 13, 2026, Turning Point Brands, Inc. (TPB) has a DilutionWatch DilutionScore of 31/100, rated MEDIUM dilution risk. Turning Point Brands, Inc. has a market capitalization of $1.64B, 19.37M shares outstanding, 241 institutional holders tracked. Key dilution vectors include approximately 999 months of cash runway.

Source: DilutionWatch (dilutionwatch.com) — data updated daily from SEC EDGAR filings. Not financial advice.

📊 Score Breakdown

📋 Offering Ability
40
💰 Cash Runway
0
📊 Float Risk
20
⚠️ Warrant Exposure
40
🔄Convertible Debt

🌦️ Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
20%
🔁 Convertible Conversion 40%
• Significant convertible debt: 18% potential dilution
• Elevated convertible risk (60/100)
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💹 Market Data

Market Cap$1.64B
Shares Outstanding19.37M
Float16.98M
Cash$192.44M
Debt$293.88M
Short InterestN/A

🏛 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 →

📉 Short Interest

Short Interest2.60M
Days to Cover4.6
% of Float15.3%
FINRA data as of Jun 30, 2026

📁 Recent SEC Activity

xbrl XBRL WARRANT Jul 07, 2026
xbrl XBRL CONVERTIBLE Dec 31, 2025
Full SEC filing analysis available with free account

📰 Recent News

No recent news

📋 What This Means for TPB Shareholders

Turning Point Brands, Inc. (TPB) has a DilutionScore of 31/100, rated Medium dilution risk. This tier indicates some dilution exposure — often an older shelf registration with remaining capacity, warrants not yet exercised, or a cash position that will require monitoring over the next several quarters. Score as of July 13, 2026.

DilutionWatch's EDGAR monitoring for TPB shows no major active dilution programs at this time. The primary risk categories — shelf registration capacity, ATM programs, warrant overhang, and cash runway — are each within normal ranges for a company of this profile. This can change quickly if a new S-3 or Form S-1 is filed.

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

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