Green Plains Inc. (GPRE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 48.09% of current shares
Recent Dilution: 7.76% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
69M
Potential Supply
33M
Additional shares possible
Splits
None
Past 2 years

Summary

GPRE currently has 68.8M outstanding shares. with moderate dilution risk from 33.1M authorized shares representing 48.1% potential dilution. The company has minimally diluted shareholders by 7.76% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 68.8M shares outstanding

69M 33M
Oct 28, 2025

8-K filing: Green Plains Inc. issued $30 million of 5.25% Convertible Senior Notes due November 2030 for $30 million in cash and used approximately $30 million of the net proceeds to repurchase approximately 2.9 million shares of its common stock. ($30.0M proceeds)

66M 35M
Aug 12, 2025

S-3/A filing: This is an S-3/A filing for Green Plains Inc., updating the exhibit list. The prospectuses are unchanged.

66M 35M
Aug 11, 2025

10-Q filing | 66.5M shares outstanding

66M 35M
Jul 17, 2025

S-3 filing: Green Plains Inc. is offering an aggregate of $300,000,000 of securities, including common stock, warrants, debt securities, and units, which may be offered separately or together.

64M 38M
May 08, 2025

10-Q filing | 64.1M shares outstanding

64M 0
Feb 07, 2025

10-K filing | 63.8M shares outstanding

64M 0
Oct 31, 2024

10-Q filing | 63.9M shares outstanding

64M 0
Aug 06, 2024

10-Q filing | 63.9M shares outstanding

64M 0
May 03, 2024

10-Q filing | 63.3M shares outstanding

63M 0
Feb 09, 2024

10-K filing | 58.8M shares outstanding

59M 0
Oct 31, 2023

10-Q filing | 58.9M shares outstanding

59M 0
Aug 04, 2023

10-Q filing | 58.9M shares outstanding

59M 0
May 04, 2023

10-Q filing | 58.5M shares outstanding

59M 0
Feb 10, 2023

10-K filing | 55.5M shares outstanding

56M 0
Nov 03, 2022

10-Q filing | 57.7M shares outstanding

58M 0
Aug 25, 2022

8-K filing: Green Plains Inc. entered into an exchange agreement with noteholders to exchange $13.55 million of 2022 Notes for 487,616 shares of common stock, with the exchange expected to be completed by August 26, 2022.

53M 0
Aug 11, 2022

8-K filing: Green Plains Inc. issued a total of 685,956 shares of Common Stock in exchange for $19.0 million of its 2022 Convertible Notes on August 8, 2022 and August 9, 2022. ($19.0M proceeds)

53M 0
Aug 05, 2022

8-K filing: Green Plains Inc. entered into two privately negotiated exchange agreements with certain noteholders to exchange $12.5 million in aggregate principal amount of the Company's outstanding 2022 Notes for shares of the Company's common stock.

53M 0
Aug 02, 2022

10-Q filing | 53.0M shares outstanding

53M 0
Jul 11, 2022

8-K filing: Green Plains Inc. issued 4,250,732 shares of common stock from July 1, 2022 through July 8, 2022 upon conversion of $64.0 million of its 4.00% Convertible Senior Notes due 2024.

54M 0
May 03, 2022

10-Q filing | 53.8M shares outstanding

54M 0
Feb 18, 2022

10-K filing | 53.6M shares outstanding

54M 0
Nov 04, 2021

10-Q filing | 53.6M shares outstanding

54M 0
Aug 09, 2021

8-K filing: Green Plains Inc. completed a public offering of 5,462,500 shares of common stock at $32.00 per share, resulting in net proceeds of approximately $164.9 million. ($174.8M proceeds)

45M 0
Aug 02, 2021

10-Q filing | 45.4M shares outstanding

45M 0
May 18, 2021

8-K filing: Green Plains Inc. exchanged 3,568,705 shares of common stock for $51 million in aggregate principal of its 2024 Notes on May 18, 2021. ($51.0M proceeds)

45M 0
May 04, 2021

10-Q filing | 44.6M shares outstanding

45M 0
Mar 01, 2021

8-K filing: Green Plains Inc. completed a public offering of 8,751,500 shares of common stock at $23.00 per share, resulting in net proceeds of approximately $191.1 million, and also completed a public offering of $230.0 million aggregate principal amount of 2.25% convertible notes due 2027, resulting in net proceeds of approximately $222.5 million. ($201.28M proceeds)

35M 0
Feb 16, 2021

10-K filing | 34.6M shares outstanding

35M 0
Feb 12, 2021

8-K filing: Green Plains SPE LLC, a wholly-owned subsidiary of Green Plains Inc., issued $125.0 million of Junior Secured Mezzanine Notes due 2026, and Green Plains Inc. issued 2,550,000 warrants for common stock related to the investment in Fluid Quip Technologies, LLC.

35M 0
Nov 06, 2020

10-Q filing | 34.6M shares outstanding

35M 0
Aug 05, 2020

10-Q filing | 34.6M shares outstanding

35M 0
May 06, 2020

10-Q filing | 34.7M shares outstanding

35M 0
Feb 20, 2020

10-K filing | 38.1M shares outstanding

38M 0
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