Barnes & Noble Education, Inc. (BNED) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 10, 2026

Risk Assessment Details

Potential Dilution: 7688.58% of current shares
Recent Dilution: 28.99% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
34M
Potential Supply
2.6B
Additional shares possible
Splits
None
Past 2 years

Summary

BNED currently has 34.5M outstanding shares. with significant dilution risk as 2.65B authorized shares could dilute existing holders by 7688.6%. The company has significantly diluted shareholders by 28.99% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 10, 2026

10-Q filing | 34.5M shares outstanding

34M 2.6B
Jan 20, 2026

10-Q filing | 34.1M shares outstanding

34M 2.6B
Jan 20, 2026

10-Q filing | 34.1M shares outstanding

34M 2.6B
Mar 10, 2025

10-Q filing | 30.7M shares outstanding

31M 2.7B
Jan 10, 2025

S-3 filing: Barnes & Noble Education, Inc. files an S-3 form to register the offering of debt securities, common stock, preferred stock, and depositary shares, with an aggregate offering price not to exceed $100,000,000.

30M 2.7B
Dec 11, 2024

S-3 filing: Barnes & Noble Education, Inc. files an S-3 form to offer and sell debt securities, common stock, and preferred stock, with an aggregate offering price not to exceed $40,000,000.

30M 2.6B
Dec 09, 2024

10-Q filing | 30.2M shares outstanding

30M 2.6B
Oct 23, 2024

S-3 filing: This prospectus relates to the offer and sale from time to time of up to 19,276,512 of shares of common stock of Barnes& Noble Education, Inc. by the selling stockholders.

26M 2.6B
Sep 10, 2024

10-Q filing | 26.2M shares outstanding

26M 2.6B
Sep 04, 2024

S-3 filing: Barnes& Noble Education, Inc. files an S-3 form to offer and sell debt securities, common stock, preferred stock, and depositary shares, with an aggregate initial offering price not to exceed $40,000,000.

26M 2.6B
Jul 12, 2024

S-3 filing: This prospectus relates to the offer and sale from time to time of up to 19,084,821 of shares of common stock of Barnes& Noble Education, Inc. by the selling stockholders.

26M 2.6B
Jul 01, 2024

10-K filing | 26.2M shares outstanding

26M 2.6B
May 09, 2024

S-1/A filing: The company is filing an S-1/A to distribute non-transferable Subscription Rights to purchase additional shares of common stock and to raise additional capital for general corporate purposes, including the repayment of indebtedness.

53M 2.6B
Apr 18, 2024

S-1 filing: This S-1 filing describes a rights offering for current shareholders to purchase additional shares of common stock, along with a standby purchase agreement and debt conversion.

53M 0
Mar 12, 2024

10-Q filing | 53.2M shares outstanding

53M 0
Dec 07, 2023

10-Q filing | 52.9M shares outstanding

53M 0
Sep 06, 2023

10-Q filing | 52.6M shares outstanding

53M 0
Jul 31, 2023

10-K filing | 52.5M shares outstanding

52M 0
Mar 09, 2023

10-Q filing | 52.6M shares outstanding

53M 0
Dec 06, 2022

10-Q filing | 52.4M shares outstanding

52M 0
Aug 31, 2022

10-Q filing | 52.2M shares outstanding

52M 0
Jun 29, 2022

10-K filing | 51.8M shares outstanding

52M 0
Mar 08, 2022

10-Q filing | 52.0M shares outstanding

52M 0
Nov 30, 2021

10-Q filing | 51.7M shares outstanding

52M 0
Sep 02, 2021

10-Q filing | 51.5M shares outstanding

51M 0
Jun 30, 2021

10-K filing | 49.7M shares outstanding

50M 0
Mar 09, 2021

10-Q filing | 50.1M shares outstanding

50M 0
Dec 21, 2020

8-K filing: Barnes & Noble Education, Inc. completed the issuance of 2,307,692 shares of common stock for $14,999,998.00 to Fanatics, Inc. and Lids Holdings, Inc. ($15.0M proceeds)

49M 0
Dec 08, 2020

10-Q filing | 48.8M shares outstanding

49M 0
Sep 03, 2020

10-Q filing | 48.4M shares outstanding

48M 0
Jul 14, 2020

10-K filing | 46.8M shares outstanding

47M 0
Mar 03, 2020

10-Q filing | 47.9M shares outstanding

48M 0
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