DBV Technologies S.A. (DBVT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 22.95% of current shares
Recent Dilution: 143.2% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
300M
Potential Supply
68M
Additional shares possible
Splits
None
Past 2 years

Summary

DBVT currently has 296M outstanding shares. with moderate dilution risk from 67.9M authorized shares representing 22.9% potential dilution. The company has significantly diluted shareholders by 143.2% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 30, 2026

10-Q filing | 296.0M shares outstanding

300M 68M
Mar 26, 2026

10-K filing | 296.0M shares outstanding

300M 68M
Oct 28, 2025

10-Q filing | 169.1M shares outstanding

170M 190M
Jul 29, 2025

10-Q filing | 134.5M shares outstanding

130M 230M
May 19, 2025

S-3 filing: The filing is an S-3 form relating to the offer and resale of up to 289,013,065 ordinary shares by selling shareholders.

140M 230M
Apr 30, 2025

10-Q filing | 136.9M shares outstanding

140M 0
Apr 11, 2025

10-K filing | 136.9M shares outstanding

140M 0
Nov 06, 2024

10-Q filing | 96.2M shares outstanding

96M 0
Jul 30, 2024

10-Q filing | 96.2M shares outstanding

96M 0
May 07, 2024

10-Q filing | 96.2M shares outstanding

96M 0
Mar 07, 2024

10-K filing | 95.1M shares outstanding

95M 0
Oct 31, 2023

10-Q filing | 96.1M shares outstanding

96M 0
Jul 31, 2023

10-Q filing | 94.3M shares outstanding

94M 0
May 04, 2023

10-Q filing | 94.0M shares outstanding

94M 0
Apr 06, 2023

S-3 filing: The company is filing an S-3 to register the offering of up to $250,000,000 of its ordinary shares, including American Depositary Shares (ADSs), as well as warrants to purchase ordinary shares or ADSs.

94M 0
Mar 02, 2023

10-K filing | 94.1M shares outstanding

94M 0
Nov 03, 2022

10-Q filing | 93.9M shares outstanding

94M 0
Aug 01, 2022

10-Q filing | 94.0M shares outstanding

94M 0
Aug 01, 2022

S-3 filing: The filing relates to the proposed resale from time to time of up to 11,593,170 ordinary shares, nominal value €0.10 per share, which may be represented by American Depositary Shares, by the selling shareholder named herein.

55M 20M
Aug 01, 2022

S-3 filing: This prospectus relates to the proposed resale from time to time of up to 59,269,629 ordinary shares, nominal value €0.10 per share (the “Resale Shares”), which may be represented by American Depositary Shares, or ADSs.

55M 20M
May 02, 2022

10-Q filing | 55.1M shares outstanding

55M 0
Mar 09, 2022

10-K filing | 55.1M shares outstanding

55M 0
Oct 26, 2021

10-Q filing | 55.0M shares outstanding

55M 0
Aug 02, 2021

10-Q filing | 55.0M shares outstanding

55M 0
Jun 30, 2021

S-3 filing: The filing is an S-3 form indicating a shelf offering of ordinary shares and ordinary shares in the form of American Depositary Shares with a total aggregate offering price of $250,000,000.

4.1M 0
May 05, 2021

10-Q filing | 4.1M shares outstanding

4.1M 0
Mar 17, 2021

10-K filing | 4.0M shares outstanding

4M 0
Mar 20, 2020

20-F filing | 47.0M shares outstanding

47M 0
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