Leslie's, Inc. (LESL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: December 18, 2025

Risk Assessment Details

Potential Dilution: 62.84% of current shares
Recent Dilution: 0.43% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
9.3M
Potential Supply
5.8M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

LESL currently has 9.27M outstanding shares. with significant dilution risk as 5.82M authorized shares could dilute existing holders by 62.8%. The company has minimally diluted shareholders by 0.43% over the past 2 years. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Dec 18, 2025

10-K filing | 9.3M shares outstanding

9.3M 5.8M
Sep 26, 2025
Stock Split

8-K filing: Stock split 1-for-20 | Outstanding: 185,490,000 → 9,289,790

9.3M 5.8M
Aug 07, 2025

10-Q filing | 185.5M shares outstanding

190M 120M
May 08, 2025

10-Q filing | 185.3M shares outstanding

190M 120M
Feb 06, 2025

10-Q filing | 185.0M shares outstanding

190M 120M
Nov 27, 2024

10-K filing | 184.7M shares outstanding

180M 120M
Aug 08, 2024

10-Q filing | 184.9M shares outstanding

180M 120M
May 09, 2024

10-Q filing | 184.6M shares outstanding

180M 120M
Feb 02, 2024

10-Q filing | 184.4M shares outstanding

180M 120M
Nov 29, 2023

10-K filing | 184.7M shares outstanding

180M 120M
Aug 03, 2023

10-Q filing | 183.9M shares outstanding

180M 120M
May 05, 2023

10-Q filing | 183.7M shares outstanding

180M 120M
Feb 03, 2023

10-Q filing | 183.5M shares outstanding

180M 120M
Nov 30, 2022

10-K filing | 184.3M shares outstanding

180M 120M
Aug 05, 2022

10-Q filing | 182.9M shares outstanding

180M 120M
May 06, 2022

10-Q filing | 182.7M shares outstanding

180M 120M
Feb 04, 2022

10-Q filing | 188.5M shares outstanding

190M 120M
Dec 10, 2021

10-K filing | 190.0M shares outstanding

190M 120M
Sep 13, 2021

S-1 filing: This S-1 filing announces an offering of 13,000,000 shares of common stock by selling stockholders, with an option for underwriters to purchase an additional 1,950,000 shares.

190M 120M
Aug 06, 2021

10-Q filing | 188.3M shares outstanding

190M 100M
Jun 07, 2021

S-1 filing: This S-1 filing details an offering of 24,500,000 shares of common stock by selling stockholders, with an option for underwriters to purchase an additional 3,675,000 shares.

190M 100M
May 10, 2021

10-Q filing | 186.8M shares outstanding

190M 73M
Feb 08, 2021

10-Q filing | 177.0M shares outstanding

180M 73M
Feb 08, 2021

S-1 filing: This S-1 filing is for an offering of 29,000,000 shares of common stock by selling stockholders.

190M 73M
Oct 26, 2020

S-1/A filing: This S-1/A filing from Leslie's, Inc. details a common stock offering of 30,000,000 shares by the company and 10,000,000 shares by a selling stockholder, with an option for underwriters to purchase an additional 6,000,000 shares. The filing also mentions that certain funds managed by BlackRock, Inc. have indicated an interest in purchasing up to $100.0 million of common stock in this offering. The company intends to use the net proceeds to repay its senior unsecured floating rate notes and for general corporate purposes.

190M 40M
Oct 22, 2020

S-1/A filing: This S-1/A filing from Leslie's, Inc. includes the offering of 30,000,000 shares of common stock by the company and 10,000,000 shares by a selling stockholder, with an option for underwriters to purchase up to 6,000,000 additional shares. Certain funds managed by BlackRock have indicated an interest in purchasing up to $100 million of common stock in this offering. The company intends to list its common stock on Nasdaq under the symbol LESL.

190M 40M
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