BrightSpring Health Services, Inc. (BTSG) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: October 28, 2025

Risk Assessment Details

Potential Dilution: 41.53% of current shares
Recent Dilution: 5.52% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
180M
Potential Supply
75M
Additional shares possible
Splits
None
Past 2 years

Summary

BTSG currently has 180M outstanding shares. with moderate dilution risk from 74.9M authorized shares representing 41.5% potential dilution. The company has minimally diluted shareholders by 5.52% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Oct 28, 2025

10-Q filing | 180.4M shares outstanding

180M 75M
Oct 22, 2025

8-K filing: BrightSpring Health Services, Inc. completed an underwritten offering of 15,000,000 shares of common stock, with the Selling Stockholders selling all shares and the Company repurchasing 1,500,000 shares from the Underwriter.

180M 75M
Aug 01, 2025

10-Q filing | 177.1M shares outstanding

180M 75M
Jun 12, 2025

8-K filing: BrightSpring Health Services, Inc. completed an underwritten offering of 14,000,000 shares of its common stock at a price of $21.75 per share, with the Selling Stockholders selling all shares and the Company receiving no proceeds other than from stock option exercises.

170M 75M
May 02, 2025

10-Q filing | 174.2M shares outstanding

170M 75M
Mar 06, 2025

10-K filing | 175.0M shares outstanding

170M 75M
Nov 01, 2024

10-Q filing | 174.1M shares outstanding

170M 75M
Aug 02, 2024

10-Q filing | 171.5M shares outstanding

170M 75M
May 02, 2024

10-Q filing | 175.5M shares outstanding

180M 75M
Jan 25, 2024

S-1/A filing: This S-1/A filing describes an initial public offering of common stock and a concurrent offering of Tangible Equity Units, each comprised of a prepaid stock purchase contract and a senior amortizing note.

170M 75M
Jan 17, 2024

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock and a concurrent offering of tangible equity units.

170M 75M
Jan 10, 2024

S-1/A filing: This S-1/A filing describes an offering of common stock and senior amortizing notes due 2027 by BrightSpring Health Services, Inc.

N/A 0
Jan 02, 2024

S-1 filing: S-1 filing for an initial public offering including common stock and tangible equity units consisting of prepaid stock purchase contracts and senior amortizing notes. The underwriters have a 30-day option to purchase additional shares. Concurrently, the company is offering Tangible Equity Units with a stated amount of $50.00 each.

N/A 0
Nov 23, 2022

RW filing: BrightSpring Health Services, Inc. is withdrawing its Registration Statement on Form S-1 (File No. 333-260334) due to the decision not to proceed with the proposed initial public offering.

N/A 0
Jan 14, 2022

S-1/A filing: This is an S-1/A filing for BrightSpring Health Services, Inc. registering common stock and Tangible Equity Units, each comprised of a stock purchase contract and an amortizing note.

N/A 0
Jan 04, 2022

S-1/A filing: S-1/A filing for an initial public offering.

N/A 0
Oct 18, 2021

S-1 filing: S-1 filing for an initial public offering including common stock and tangible equity units. The underwriters have a 30-day option to purchase additional shares of common stock. Concurrently the company is offering Tangible Equity Units, each comprised of a prepaid stock purchase contract and a senior amortizing note.

N/A 0
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