Orchid Island Capital, Inc. (ORC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 24, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 118.94% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
190M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

ORC currently has 189M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 118.94% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 24, 2026

10-Q filing | 189.3M shares outstanding

190M 0
Oct 24, 2025

10-Q filing | 148.2M shares outstanding

150M 0
Jul 28, 2025

8-K filing: Orchid Island Capital, Inc. amended its equity distribution agreement with J.P. Morgan Securities LLC, BTIG, LLC, Citizens JMP Securities, LLC and JonesTrading Institutional Services LLC to increase the aggregate offering price of shares by $150,000,000, resulting in a remaining availability of approximately $233.5 million after selling 34,517,584 shares for approximately $266.5 million. ($266.5M proceeds)

130M 0
Jul 25, 2025

10-Q filing | 126.6M shares outstanding

130M 0
Apr 25, 2025

10-Q filing | 107.8M shares outstanding

110M 0
Feb 21, 2025

10-K filing | 82.6M shares outstanding

83M 0
Oct 25, 2024

10-Q filing | 78.1M shares outstanding

78M 0
Jul 26, 2024

10-Q filing | 64.8M shares outstanding

65M 0
Apr 26, 2024

10-Q filing | 51.6M shares outstanding

52M 0
Feb 23, 2024

10-K filing | 51.6M shares outstanding

52M 0
Oct 27, 2023

10-Q filing | 52.3M shares outstanding

52M 0
Jul 28, 2023

10-Q filing | 43.9M shares outstanding

44M 0
Apr 28, 2023

10-Q filing | 38.5M shares outstanding

38M 0
Mar 03, 2023

10-K filing | 37.5M shares outstanding

37M 0
Jan 25, 2023

S-3/A filing: This S-3/A filing carries forward $352,000,198.88 in aggregate offering price and 304,007 shares of common stock (adjusted for a reverse stock split) from a previous registration statement.

35M 300K
Jan 20, 2023

S-3 filing: Orchid Island Capital, Inc. files an S-3 registration statement to offer and sell up to $1,000,000,000 of common stock, preferred stock, debt securities, warrants, and units, as well as up to 569,071 shares of common stock beneficially owned by selling stockholders.

35M 570K
Oct 28, 2022

10-Q filing | 35.3M shares outstanding

35M 0
Oct 12, 2022

8-K filing: Orchid Island Capital, Inc. announced an increase to its stock repurchase program, authorizing the repurchase of up to an additional 4,300,000 shares of its common stock, resulting in a total authorization of up to 5,046,499 shares.

35M 0
Aug 30, 2022
Stock Split

8-K filing: Stock split 1-for-5 | Outstanding: 177,015,963 → 35,250,238

35M 0
Aug 05, 2022

10-Q filing | 177.0M shares outstanding

180M 0
Apr 29, 2022

10-Q filing | 177.1M shares outstanding

180M 0
Feb 25, 2022

10-K filing | 177.0M shares outstanding

180M 0
Dec 09, 2021

8-K filing: Orchid Island Capital, Inc. announced an increase to its previously announced stock repurchase program, authorizing the repurchase of up to an additional 16,861,994 shares of the Company's common stock, resulting in a total authorization of up to 17,699,305 shares, representing approximately 10% of the Company's currently outstanding shares.

180M 0
Oct 29, 2021

10-Q filing | 153.3M shares outstanding

150M 0
Jul 30, 2021

10-Q filing | 117.5M shares outstanding

120M 0
Apr 30, 2021

10-Q filing | 94.4M shares outstanding

94M 1.5M
Mar 04, 2021

8-K filing: Orchid Island Capital, Inc. entered into an underwriting agreement with J.P. Morgan Securities LLC for the offer and sale of 8,000,000 shares of common stock at $5.45 per share, with an option for the underwriter to purchase an additional 1,200,000 shares, which was exercised in full, resulting in a total offering of 9,200,000 shares. ($50.0M proceeds)

85M 1.5M
Feb 26, 2021

10-K filing | 85.1M shares outstanding

85M 1.5M
Jan 22, 2021

8-K filing: Orchid Island Capital, Inc. entered into an underwriting agreement with J.P. Morgan Securities LLC for the offer and sale of 7,600,000 shares of common stock at $5.20 per share, with the underwriter exercising its option to purchase an additional 1,140,000 shares, resulting in a total offering of 8,740,000 shares and estimated net proceeds of $45.3 million. ($45.3M proceeds)

69M 1.5M
Oct 30, 2020

10-Q filing | 69.3M shares outstanding

69M 1.5M
Jul 31, 2020

10-Q filing | 66.2M shares outstanding

66M 1.5M
May 01, 2020

10-Q filing | 66.2M shares outstanding

66M 1.5M
Feb 21, 2020

10-K filing | 65.1M shares outstanding

65M 1.5M
Jan 29, 2020

S-3 filing: Orchid Island Capital, Inc. may offer and sell, from time to time, in one or more offerings, up to an aggregate of $1,000,000,000 of the common stock, preferred stock, debt securities and units described in this prospectus, and the prospectus also covers the offer and sale from time to time of up to 1,520,036 shares of common stock beneficially owned by the selling stockholder named herein.

N/A 1.5M
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