biote Corp. (BTMD) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 11, 2026

Risk Assessment Details

Potential Dilution: 143.03% of current shares
Recent Dilution: 65.87% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
31M
Potential Supply
44M
Additional shares possible
Splits
None
Past 2 years

Summary

BTMD currently has 30.6M outstanding shares. with significant dilution risk as 43.8M authorized shares could dilute existing holders by 143.0%. The company has significantly diluted shareholders by 65.87% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 11, 2026

10-Q filing | 30.6M shares outstanding

31M 44M
Mar 13, 2026

10-K filing | 31.3M shares outstanding

31M 44M
Nov 07, 2025

10-Q filing | 31.3M shares outstanding

31M 44M
May 09, 2025

10-Q filing | 31.5M shares outstanding

31M 44M
Apr 09, 2025

POS AM filing: This POS AM filing relates to the issuance of up to 58,565,824 shares of Class A common stock upon exercise of Exchange Rights, and the offer and sale of up to 67,289,796 shares of Class A common stock by selling securityholders, including shares issued in a private placement, shares issuable upon exercise of Exchange Rights, and shares that may be issued to Yorkville under a standby equity purchase agreement.

55M 44M
Mar 14, 2025

10-K filing | 34.3M shares outstanding

34M 44M
Nov 12, 2024

10-Q filing | 32.3M shares outstanding

32M 44M
Aug 09, 2024

10-Q filing | 33.1M shares outstanding

33M 44M
May 10, 2024

10-Q filing | 30.3M shares outstanding

30M 44M
Apr 01, 2024

POS AM filing: This POS AM filing registers for resale up to 5,000,000 shares of Class A common stock by YA II PN, LTD. pursuant to a standby equity purchase agreement.

36M 44M
Apr 01, 2024

POS AM filing: This POS AM filing relates to the issuance of up to 58,565,824 shares of Class A Common Stock issuable to the Members upon exercise of the Retained Biote Units pursuant to the Exchange Rights, and the offer and sale from time to time by the selling securityholders of up to 62,289,796 shares of Class A Common Stock.

36M 44M
Mar 15, 2024

10-K filing | 35.7M shares outstanding

36M 44M
Nov 13, 2023

10-Q filing | 31.0M shares outstanding

31M 44M
Aug 11, 2023

10-Q filing | 29.3M shares outstanding

29M 44M
May 12, 2023

10-Q filing | 20.1M shares outstanding

20M 44M
Apr 06, 2023

POS AM filing: Resale of up to 5,000,000 shares of Class A common stock by YA II PN, LTD.

9.2M 44M
Apr 06, 2023

POS AM filing: This POS AM filing relates to the issuance of up to 72,069,990 shares of Class A Common Stock upon exercise of warrants and exchange of Retained Biote Units and the offer and sale from time to time by the selling securityholders of up to 67,856,462 shares of Class A Common Stock and 5,566,666 warrants.

9.2M 44M
Mar 29, 2023

10-K filing | 19.7M shares outstanding

20M 190M
Jan 03, 2023

S-1/A filing: This is a public offering of shares of our Class A common stock by selling stockholders. The underwriters have an option to purchase additional shares.

68M 190M
Dec 12, 2022

S-1 filing: This is a public offering of shares of our Class A common stock being offered by selling stockholders.

68M 190M
Nov 14, 2022

10-Q filing | 10.0M shares outstanding

10M 190M
Aug 15, 2022

10-Q filing | 9.2M shares outstanding

9.2M 190M
Aug 01, 2022

S-1 filing: This S-1 filing relates to the resale of up to 5,000,000 shares of Class A common stock by YA II PN, LTD. pursuant to a standby equity purchase agreement.

68M 190M
Jul 11, 2022

S-1/A filing: This S-1/A filing registers for resale shares of Class A Common Stock and Warrants by selling securityholders, as well as the issuance of Class A Common Stock upon the exercise of warrants and exchange rights.

9.2M 180M
Jun 28, 2022

S-1/A filing: This S-1/A filing registers for resale up to 72,069,990 shares of Class A Common Stock and up to 67,856,462 shares of Class A Common Stock and 5,566,666 Private Placement Warrants by selling securityholders.

9.2M 110M
Jun 22, 2022

S-1/A filing: This S-1/A filing outlines the offering of up to 72,069,990 shares of Class A Common Stock, consisting of shares issuable upon exercise of public and private placement warrants and shares issuable to members upon exercise of retained Biote Units, as well as the resale of up to 67,856,462 shares of Class A Common Stock and 5,566,666 private placement warrants by selling securityholders.

9.2M 120M
Jun 17, 2022

S-1 filing: This S-1 filing relates to the issuance of Class A Common Stock upon exercise of warrants and resale of Class A Common Stock and warrants by selling securityholders.

9.2M 180M
May 23, 2022

10-Q filing | 31.8M shares outstanding

32M 35M
Apr 07, 2022

10-K filing | 31.8M shares outstanding

32M 35M
Aug 17, 2021

10-Q filing | 31.8M shares outstanding

32M 35M
May 20, 2021

10-Q filing | 4.3M shares outstanding

4.3M 35M
Feb 22, 2021

S-1/A filing: Initial public offering of units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant, with an offering price of $10.00 per unit.

N/A 35M
Feb 22, 2021

S-1/A filing: This S-1/A filing relates to a proposed offering of units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant, and the sale of private placement warrants to the sponsor.

N/A 35M
Feb 12, 2021

S-1 filing: This S-1 filing includes information on expenses of issuance and distribution, indemnification of directors and officers, details on Class A and Class B common stock, warrants, and potential dilution risks.

N/A 0
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