BigBear.ai Holdings, Inc. (BBAI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 78.11% of current shares
Recent Dilution: 71.62% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
470M
Potential Supply
370M
Additional shares possible
Splits
None
Past 2 years

Summary

BBAI currently has 473M outstanding shares. with significant dilution risk as 370M authorized shares could dilute existing holders by 78.1%. The company has significantly diluted shareholders by 71.62% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 473.1M shares outstanding

470M 370M
Nov 10, 2025

10-Q filing | 448.2M shares outstanding

450M 370M
Aug 11, 2025

10-Q filing | 370.7M shares outstanding

370M 370M
May 02, 2025

10-Q filing | 291.2M shares outstanding

290M 370M
Mar 25, 2025

10-K filing | 289.0M shares outstanding

290M 370M
Jan 15, 2025

S-3 filing: This S-3 filing registers for resale up to 161,676,020 shares of common stock by selling stockholders, consisting of shares issuable upon conversion of 2029 Notes and shares issued in lieu of cash to pay interest on the 2029 Notes.

250M 370M
Nov 07, 2024

10-Q filing | 250.0M shares outstanding

250M 210M
Aug 09, 2024

10-Q filing | 246.3M shares outstanding

250M 210M
May 10, 2024

10-Q filing | 246.1M shares outstanding

250M 210M
May 10, 2024

POS AM filing: This is a post-effective amendment to the Registration Statement on Form S-3 relating to the issuance of common stock upon exercise of warrants, resale of common stock by selling stockholders, and resale of convertible senior notes by selling noteholders.

240M 210M
Mar 28, 2024

S-3 filing: This S-3 filing relates to the resale of up to 14,800,000 shares of common stock by the selling stockholder, issuable upon the exercise of warrants.

240M 210M
Mar 15, 2024

10-K filing | 242.6M shares outstanding

240M 190M
Nov 09, 2023

10-Q filing | 155.8M shares outstanding

160M 190M
Aug 10, 2023

10-Q filing | 145.5M shares outstanding

150M 190M
May 15, 2023

10-Q filing | 138.5M shares outstanding

140M 190M
Apr 12, 2023

S-3/A filing: This S-3/A filing relates to the resale of up to 113,250,000 shares of common stock by selling stockholders.

140M 190M
Apr 12, 2023

S-3 filing: This is an S-3 filing for Bigbear.ai Holdings, Inc. for offering common stock and preferred stock from time to time, with warrants also described.

130M 190M
Mar 31, 2023

10-K filing | 127.7M shares outstanding

130M 190M
Jan 30, 2023

S-3 filing: This is an S-3 filing for the offer and sale of up to 27,777,778 shares of common stock by the selling stockholder.

130M 190M
Jan 19, 2023

8-K filing: BigBear.ai Holdings, Inc. closed a private placement on January 19, 2023, issuing 13,888,889 shares of common stock and warrants to purchase up to an additional 13,888,889 shares, with gross proceeds of approximately $25,000,000. ($50.0M proceeds)

130M 170M
Jan 03, 2023

POS AM filing: This is a POS AM filing for the offering of common stock, warrants, and convertible senior notes.

130M 170M
Nov 10, 2022

10-Q filing | 126.3M shares outstanding

130M 170M
Aug 12, 2022

10-Q filing | 126.2M shares outstanding

130M 170M
Jun 21, 2022

S-1 filing: S-1 filing relating to the resale of up to 113,250,000 shares of Common Stock by selling stockholders.

130M 170M
Jun 06, 2022

POS AM filing: This POS AM filing covers the offer and sale of Common Stock by the Corporation, aiming to receive gross proceeds equal to or greater than $10,000,000. It also discusses the conversion of Series A Preferred Stock to Common Stock under certain conditions.

130M 52M
May 19, 2022

S-1/A filing: This S-1/A filing includes the issuance of shares of common stock upon exercise of warrants, resale of common stock and warrants by selling stockholders, and resale of convertible notes and shares issuable upon conversion by selling noteholders.

130M 100M
May 12, 2022

10-Q filing | 131.9M shares outstanding

130M 100M
Apr 18, 2022

S-1/A filing: The prospectus relates to the issuance of common stock upon exercise of warrants, resale of common stock and warrants by selling stockholders, and resale of convertible senior notes and underlying common stock by selling noteholders.

130M 100M
Apr 01, 2022

S-1/A filing: This prospectus relates to the issuance by us of up to 12,326,472 shares of our common stock, par value $0.0001 per share, upon the exercise of warrants, the resale from time to time of up to 11,681,453 shares of Common Stock and 366,533 warrants by the selling security holders, and the resale from time to time of up to approximately $200,000,000 in aggregate principal amount of 6.00% convertible senior notes due 2026 and up to 23,058,494 shares of Common Stock issuable upon conversion of the 2026 Convertible Notes by the Selling Noteholders.

140M 99M
Mar 31, 2022

10-K filing | 135.6M shares outstanding

140M 99M
Feb 10, 2022

S-1/A filing: This S-1/A filing relates to the issuance of common stock upon exercise of warrants, resale of common stock and warrants by selling stockholders, and resale of convertible notes and underlying common stock by selling noteholders.

140M 99M
Feb 08, 2022

S-1/A filing: This S-1/A filing registers the offer and resale of common stock, warrants, and convertible notes by selling security holders.

140M 99M
Jan 19, 2022

S-1/A filing: This S-1/A filing registers the issuance of common stock upon exercise of warrants, resale of common stock and warrants by selling stockholders, and resale of convertible senior notes and underlying common stock by selling noteholders.

140M 210M
Dec 27, 2021

S-1/A filing: This S-1/A filing registers the issuance of common stock upon warrant exercise, resale of common stock and warrants by selling stockholders, and resale of convertible senior notes and underlying common stock by selling noteholders.

140M 210M
Dec 23, 2021

S-1 filing: This S-1 filing includes the issuance of common stock upon exercise of warrants, resale of common stock and warrants by selling stockholders, and resale of convertible senior notes and underlying common stock by selling noteholders.

140M 210M
Nov 15, 2021

10-Q filing | 45.9M shares outstanding

46M 52M
Aug 16, 2021

10-Q filing | 45.9M shares outstanding

46M 52M
May 17, 2021

10-Q filing | 45.9M shares outstanding

46M 52M
Mar 31, 2021

10-K filing | 45.9M shares outstanding

46M 52M
Feb 01, 2021

S-1/A filing: GigCapital4, Inc. is offering 26,000,000 units at an offering price of $10.00 each. Each unit consists of one share of common stock and one-third of one redeemable warrant.

N/A 52M
Jan 22, 2021

S-1 filing: This S-1 filing describes the company's plan to issue warrants to purchase common stock as part of units offered by the prospectus and warrants as part of a private placement. The warrants are exercisable at $11.50 per share.

N/A 27M
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