Aterian, Inc. (ATER) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: July 20, 2026

Risk Assessment Details

Potential Dilution: 20.75% of current shares
Recent Dilution: 32.92% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
10M
Potential Supply
2.1M
Additional shares possible
Splits
None
Past 2 years

Summary

ATER currently has 10M outstanding shares. with moderate dilution risk from 2.08M authorized shares representing 20.7% potential dilution. The company has significantly diluted shareholders by 32.92% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jul 20, 2026

S-3 filing: This filing relates to the resale of up to 6,737,500 shares of common stock issuable upon the conversion of 875,000 shares of Series AA convertible preferred stock.

10M 2.1M
Mar 23, 2026

10-K filing | 10.0M shares outstanding

10M 0
Nov 13, 2025

10-Q filing | 10.2M shares outstanding

10M 0
Aug 13, 2025

10-Q filing | 10.0M shares outstanding

10M 0
May 15, 2025

10-Q filing | 8.8M shares outstanding

8.8M 0
Mar 25, 2025

10-K filing | 7.5M shares outstanding

7.5M 0
Nov 12, 2024

10-Q filing | 7.5M shares outstanding

7.5M 0
Aug 09, 2024

10-Q filing | 7.5M shares outstanding

7.5M 0
May 15, 2024

10-Q filing | 7.5M shares outstanding

7.5M 0
Mar 20, 2024
Stock Split

8-K filing: Stock split 1-for-12 | Outstanding: 80,752,290 → 6,729,357

6.7M 0
Mar 19, 2024

10-K filing | 80.8M shares outstanding

81M 0
Nov 08, 2023

10-Q filing | 80.8M shares outstanding

81M 0
Aug 09, 2023

10-Q filing | 85.3M shares outstanding

85M 0
May 10, 2023

10-Q filing | 81.1M shares outstanding

81M 0
Mar 16, 2023

10-K filing | 81.0M shares outstanding

81M 0
Nov 09, 2022

10-Q filing | 80.9M shares outstanding

81M 0
Aug 08, 2022

10-Q filing | 69.5M shares outstanding

69M 0
May 10, 2022

10-Q filing | 65.4M shares outstanding

65M 0
Mar 28, 2022

S-1 filing: This S-1 filing relates to the resale of up to 17,530,070 shares of common stock by selling stockholders.

62M 2.4M
Mar 16, 2022

10-K filing | 62.1M shares outstanding

62M 0
Mar 04, 2022

8-K filing: Aterian, Inc. completed a private placement on March 4, 2022, issuing 6,436,322 shares of common stock, pre-funded warrants for 3,013,850 shares, and accompanying warrants, resulting in gross proceeds of approximately $27.5 million. ($27.5M proceeds)

54M 0
Nov 09, 2021

10-Q filing | 53.5M shares outstanding

54M 0
Sep 24, 2021

8-K filing: Aterian, Inc. issued 3,474,814 shares of common stock to Lenders on September 22, 2021 at $8.1212 per share and 5,838,096 shares of common stock on September 23, 2021 at $8.2808 per share to satisfy its obligation to repay the Acceleration Amount in full.

36M 11M
Aug 09, 2021

S-1 filing: This S-1 filing registers the resale of 2,722,075 shares of common stock by selling stockholders.

31M 16M
Aug 09, 2021

10-Q filing | 35.7M shares outstanding

36M 11M
May 28, 2021

S-1 filing: This S-1 filing relates to the resale of up to 12,785,537 shares of common stock by selling stockholders.

31M 14M
May 11, 2021

10-Q filing | 30.6M shares outstanding

31M 800K
Mar 16, 2021

10-K filing | 29.5M shares outstanding

29M 1.9M
Nov 09, 2020

10-Q filing | 21.8M shares outstanding

22M 9.6M
Jul 30, 2020

10-Q filing | 17.8M shares outstanding

18M 14M
Jul 01, 2020

S-3 filing: The company is filing an S-3 to register securities for sale, including common stock, preferred stock, debt securities, warrants and units, up to an aggregate amount of $75,000,000.

18M 14M
May 11, 2020

10-Q filing | 17.8M shares outstanding

18M 0
Mar 30, 2020

10-K filing | 17.7M shares outstanding

18M 0
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