Dave Inc./DE (DAVE) - 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: 238.74% of current shares
Recent Dilution: 14.34% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
11M
Potential Supply
27M
Additional shares possible
Splits
None
Past 2 years

Summary

DAVE currently has 11.4M outstanding shares. with significant dilution risk as 27.2M authorized shares could dilute existing holders by 238.7%. The company has diluted shareholders by 14.34% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 11.4M shares outstanding

11M 27M
Aug 06, 2025

10-Q filing | 12.1M shares outstanding

12M 27M
May 08, 2025

10-Q filing | 11.8M shares outstanding

12M 27M
Mar 04, 2025

10-K filing | 12.5M shares outstanding

13M 27M
Nov 12, 2024

10-Q filing | 11.2M shares outstanding

11M 27M
Aug 06, 2024

10-Q filing | 11.2M shares outstanding

11M 27M
May 07, 2024

10-Q filing | 10.9M shares outstanding

11M 27M
Mar 05, 2024

10-K filing | 10.7M shares outstanding

11M 27M
Nov 07, 2023

10-Q filing | 10.6M shares outstanding

11M 27M
Aug 11, 2023

POS AM filing: This is a POS AM filing for the resale of Class A common stock by selling securityholders and shares issuable upon exercise of warrants.

10M 27M
Aug 08, 2023

10-Q filing | 10.5M shares outstanding

10M 27M
Jul 28, 2023

POS AM filing: This POS AM filing relates to the resale from time to time by the selling securityholders of up to 8,517,556 shares of Class A common stock and up to 357,635 shares of Class A Common Stock issuable upon exercise of Warrants.

10M 27M
Jul 06, 2023

POS AM filing: This POS AM filing relates to the resale of Class A common stock and the issuance of Class A Common Stock upon exercise of warrants.

10M 27M
May 09, 2023

10-Q filing | 10.4M shares outstanding

10M 27M
May 01, 2023

POS AM filing: This prospectus relates to the resale from time to time by the selling securityholders named in this prospectus of up to 9,016,586 shares of our Class A common stock.

10M 27M
Mar 13, 2023

10-K filing | 10.3M shares outstanding

10M 27M
Nov 14, 2022

10-Q filing | 329.7M shares outstanding

330M 27M
Aug 22, 2022

10-Q filing | 326.1M shares outstanding

330M 27M
May 13, 2022

10-Q filing | 323.5M shares outstanding

320M 27M
Apr 07, 2022

POS AM filing: This is a POS AM filing related to the offering of Dave Class A Common Stock underlying Private Warrants, with an exercise price of $11.50 per share. The Public Warrants are listed on the Nasdaq Global Market under the symbol 'DAVEW.'

320M 27M
Mar 25, 2022

10-K filing | 323.5M shares outstanding

320M 27M
Feb 02, 2022

S-1 filing: This S-1 filing from 2022-02-02 relates to the offering of Dave Class A Common Stock underlying Private Warrants, with an exercise price of $11.50 per share. It also mentions the listing of Dave Class A Common Stock and Public Warrants on Nasdaq under the symbols 'DAVE' and 'DAVEW' respectively.

25M 27M
Nov 12, 2021

10-Q filing | 25.4M shares outstanding

25M 27M
Aug 13, 2021

10-Q filing | 25.4M shares outstanding

25M 27M
May 25, 2021

10-Q filing | 25.4M shares outstanding

25M 27M
Jan 29, 2021

S-1 filing: VPC Impact Acquisition Holdings III, Inc. is offering 22,500,000 units at $10.00 per unit, each unit consists of one share of Class A common stock and one-fourth of one redeemable warrant.

6.5M 27M
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