BARNWELL INDUSTRIES INC (BRN) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: May 21, 2026

Risk Assessment Details

Potential Dilution: 13.52% of current shares

Recent Dilution: 39.88% (2 years)

Historical Dilution Factor: significant recent dilution

Outstanding Shares

14M

Potential Supply

1.9M

Additional shares possible

Splits

None

Past 2 years

Summary

BRN currently has 14.4M outstanding shares. with limited dilution risk as only 1.95M additional shares (13.5%) are authorized for issuance. The company has significantly diluted shareholders by 39.88% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
May 21, 2026	10-Q filing \| 14.4M shares outstanding	14M	1.9M
Dec 23, 2025	10-K filing \| 12.5M shares outstanding	13M	3.8M
Aug 13, 2025	10-Q filing \| 10.1M shares outstanding	10M	6.3M
May 15, 2025	10-Q filing \| 10.1M shares outstanding	10M	6.3M
Feb 14, 2025	10-Q filing \| 10.0M shares outstanding	10M	6.3M
Dec 17, 2024	10-K filing \| 10.0M shares outstanding	10M	6.3M
Aug 13, 2024	10-Q filing \| 10.0M shares outstanding	10M	6.3M
May 14, 2024	10-Q filing \| 10.0M shares outstanding	10M	6.3M
Feb 12, 2024	10-Q filing \| 10.0M shares outstanding	10M	6.3M
Dec 18, 2023	10-K filing \| 10.0M shares outstanding	10M	6.4M
Aug 14, 2023	10-Q filing \| 10.0M shares outstanding	10M	6.4M
May 15, 2023	10-Q filing \| 10.0M shares outstanding	10M	6.4M
Feb 13, 2023	10-Q filing \| 10.0M shares outstanding	10M	6.4M
Dec 29, 2022	10-K filing \| 9.7M shares outstanding	9.7M	6.6M
Aug 12, 2022	10-Q filing \| 10.0M shares outstanding	10M	6.4M
May 13, 2022	10-Q filing \| 9.6M shares outstanding	9.6M	6.8M
Feb 11, 2022	10-Q filing \| 9.4M shares outstanding	9.4M	6.9M
Dec 21, 2021	10-K filing \| 8.6M shares outstanding	8.6M	7.7M
Aug 13, 2021	10-Q filing \| 9.4M shares outstanding	9.4M	6.9M
May 13, 2021	10-Q filing \| 8.3M shares outstanding	8.3M	8.1M
Mar 16, 2021	S-3 filing: Barnwell Industries, Inc. may offer shares of its Common Stock from time to time, with an aggregate initial offering price not exceeding $25,000,000.	8.3M	8.1M
Feb 16, 2021	10-Q filing \| 8.3M shares outstanding	8.3M	0
Dec 16, 2020	10-K filing \| 8.3M shares outstanding	8.3M	0
Aug 13, 2020	10-Q filing \| 8.3M shares outstanding	8.3M	0
Jun 29, 2020	10-Q filing \| 8.3M shares outstanding	8.3M	0
Feb 12, 2020	10-Q filing \| 8.3M shares outstanding	8.3M	0

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