ORION ENERGY SYSTEMS, INC. (OESX) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: November 05, 2025

Risk Assessment Details

Potential Dilution: 1368.67% of current shares

Recent Dilution: 2.82% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

3.5M

Potential Supply

48M

Additional shares possible

Splits

None

Past 2 years

Summary

OESX currently has 3.5M outstanding shares. with significant dilution risk as 47.9M authorized shares could dilute existing holders by 1368.7%. The company has minimally diluted shareholders by 2.82% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Nov 05, 2025	10-Q filing \| 3.5M shares outstanding	3.5M	48M
Aug 06, 2025	10-Q filing \| 33.3M shares outstanding	33M	18M
Jun 26, 2025	10-K filing \| 32.8M shares outstanding	33M	19M
Feb 11, 2025	10-Q filing \| 32.9M shares outstanding	33M	18M
Nov 06, 2024	10-Q filing \| 32.8M shares outstanding	33M	19M
Aug 07, 2024	10-Q filing \| 32.6M shares outstanding	33M	19M
Jun 12, 2024	10-K filing \| 32.5M shares outstanding	32M	19M
Feb 07, 2024	10-Q filing \| 32.5M shares outstanding	33M	19M
Nov 09, 2023	10-Q filing \| 32.5M shares outstanding	33M	19M
Aug 09, 2023	10-Q filing \| 32.3M shares outstanding	32M	19M
Jun 12, 2023	10-K filing \| 31.7M shares outstanding	32M	20M
Mar 01, 2023	S-3 filing: Orion Energy Systems, Inc. files an S-3 registration statement to offer and sell from time to time up to $100.0 million of any combination of debt securities, common stock, preferred stock, subscription rights, stock purchase contracts, and stock purchase units.	31M	21M
Feb 09, 2023	10-Q filing \| 32.0M shares outstanding	32M	19M
Nov 08, 2022	10-Q filing \| 31.3M shares outstanding	31M	20M
Aug 05, 2022	10-Q filing \| 31.1M shares outstanding	31M	20M
Jun 10, 2022	10-K filing \| 31.0M shares outstanding	31M	20M
Feb 09, 2022	10-Q filing \| 31.1M shares outstanding	31M	20M
Nov 09, 2021	10-Q filing \| 31.0M shares outstanding	31M	20M
Aug 04, 2021	10-Q filing \| 30.9M shares outstanding	31M	21M
Jun 01, 2021	10-K filing \| 30.6M shares outstanding	31M	21M
Feb 11, 2021	10-Q filing \| 30.7M shares outstanding	31M	21M
Nov 06, 2020	10-Q filing \| 30.7M shares outstanding	31M	21M
Aug 05, 2020	10-Q filing \| 30.4M shares outstanding	30M	21M
Jun 05, 2020	10-K filing \| 30.1M shares outstanding	30M	21M
Mar 02, 2020	S-3 filing: Orion Energy Systems, Inc. is filing an S-3 registration statement to offer and sell up to $100 million of debt securities, common stock, preferred stock, warrants, subscription rights, stock purchase contracts, and stock purchase units.	30M	21M
Feb 06, 2020	10-Q filing \| 30.2M shares outstanding	30M	0

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