MESA AIR GROUP INC (MESA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 01, 2026

Risk Assessment Details

Potential Dilution: 6.59% of current shares
Recent Dilution: 12.28% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
46M
Potential Supply
3M
Additional shares possible
Splits
None
Past 2 years

Summary

MESA currently has 46.1M outstanding shares. with limited dilution risk as only 3.04M additional shares (6.6%) are authorized for issuance. The company has diluted shareholders by 12.28% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 01, 2026

10-Q filing | 46.1M shares outstanding

46M 3M
Aug 13, 2025

10-Q filing | 41.7M shares outstanding

42M 7.5M
May 20, 2025

10-Q filing | 41.3M shares outstanding

41M 7.8M
May 19, 2025

10-Q filing | 41.3M shares outstanding

41M 7.8M
May 14, 2025

10-K filing | 41.1M shares outstanding

41M 8M
Jan 07, 2025

8-K filing: Mesa Air Group sold eight Embraer Model ERJ 175 aircraft to United Airlines on December 31, 2024, yielding net proceeds of $35.8 million after paying off associated debt. Mesa Airlines also entered into an agreement with a third party for the sale of fifteen used CRJ-900 airframes.

41M 7.9M
Oct 15, 2024

10-Q filing | 41.2M shares outstanding

41M 7.9M
Jun 17, 2024

10-Q filing | 41.1M shares outstanding

41M 8.1M
May 24, 2024

10-Q filing | 40.9M shares outstanding

41M 8.2M
Jan 26, 2024

10-K filing | 39.5M shares outstanding

39M 9.7M
Aug 14, 2023

10-Q filing | 40.7M shares outstanding

41M 8.5M
May 09, 2023

10-Q filing | 39.9M shares outstanding

40M 9.2M
Mar 10, 2023

S-3 filing: This prospectus relates to the proposed resale, from time to time, by the selling stockholder named in this prospectus, of up to 4,042,061 shares our common stock, no par value.

40M 8.7M
Feb 09, 2023

10-Q filing | 40.4M shares outstanding

40M 4.7M
Dec 29, 2022

10-K filing | 36.1M shares outstanding

36M 9M
Dec 20, 2022

8-K filing: The company is finalizing the sale of its remaining eight CRJ-550s to United and has reached an agreement to sell 11 surplus CRJ-900 aircraft to a third party.

36M 8.9M
Aug 08, 2022

10-Q filing | 36.2M shares outstanding

36M 8.9M
May 09, 2022

10-Q filing | 36.0M shares outstanding

36M 9M
Feb 09, 2022

10-Q filing | 36.0M shares outstanding

36M 9.1M
Dec 10, 2021

10-K filing | 35.7M shares outstanding

36M 9.4M
Aug 09, 2021

10-Q filing | 35.8M shares outstanding

36M 9.3M
May 11, 2021

10-Q filing | 35.6M shares outstanding

36M 9.5M
Apr 21, 2021

S-3/A filing: The filing relates to the offer, resale or other disposition from time by the selling securityholder named herein of (i) warrants to purchase up to 4,899,497 shares of common stock, and (ii) 4,899,497 shares of common stock underlying the Warrants.

36M 9.6M
Mar 18, 2021

S-3/A filing: Mesa Air Group, Inc. is offering 4,899,497 shares of common stock and warrants to purchase 4,899,497 shares of common stock by the selling securityholder.

36M 9.6M
Feb 09, 2021

10-Q filing | 35.5M shares outstanding

36M 9.6M
Jan 25, 2021

S-3/A filing: Mesa Air Group, Inc. is offering 4,899,497 shares of common stock and warrants to purchase 4,899,497 shares of common stock by the selling securityholder.

35M 9.8M
Dec 14, 2020

10-K filing | 35.3M shares outstanding

35M 9.8M
Dec 11, 2020

S-3 filing: This S-3 filing relates to the offer, resale or other disposition of warrants to purchase up to 4,899,497 shares of common stock, and 4,899,497 shares of common stock underlying the warrants, by the selling securityholder.

35M 9.8M
Nov 02, 2020

8-K filing: Mesa Air Group, Inc. entered into a loan agreement for up to $200 million and issued a warrant to Treasury to purchase 1,080,402 shares of common stock at an exercise price of $3.98 per share.

35M 0
Aug 10, 2020

10-Q filing | 35.3M shares outstanding

35M 0
May 11, 2020

10-Q filing | 35.1M shares outstanding

35M 0
Feb 10, 2020

10-Q filing | 35.0M shares outstanding

35M 0
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