Paymentus Holdings, Inc. (PAY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 07, 2025

Risk Assessment Details

Potential Dilution: 32.69% of current shares
Recent Dilution: 50.36% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
35M
Potential Supply
12M
Additional shares possible
Splits
None
Past 2 years

Summary

PAY currently has 35.2M outstanding shares. with moderate dilution risk from 11.5M authorized shares representing 32.7% potential dilution. The company has significantly diluted shareholders by 50.36% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2025

10-Q filing | 35.2M shares outstanding

35M 12M
Mar 11, 2025

10-K filing | 32.3M shares outstanding

32M 12M
Nov 12, 2024

10-Q filing | 24.5M shares outstanding

25M 12M
Aug 09, 2024

10-Q filing | 22.3M shares outstanding

22M 12M
May 07, 2024

10-Q filing | 21.9M shares outstanding

22M 12M
Mar 05, 2024

10-K filing | 21.0M shares outstanding

21M 12M
Nov 07, 2023

10-Q filing | 20.4M shares outstanding

20M 12M
Aug 07, 2023

10-Q filing | 20.2M shares outstanding

20M 12M
May 08, 2023

10-Q filing | 20.0M shares outstanding

20M 12M
Mar 03, 2023

10-K filing | 20.0M shares outstanding

20M 12M
Nov 10, 2022

10-Q filing | 19.7M shares outstanding

20M 12M
Aug 30, 2022

8-K filing: Paymentus Holdings, Inc. issued a warrant to JPMC Strategic Investments I Corporation to purchase 171,127.5 shares of Class A common stock at an exercise price of $10.10 per share.

19M 12M
Aug 05, 2022

10-Q filing | 19.3M shares outstanding

19M 12M
May 06, 2022

10-Q filing | 18.0M shares outstanding

18M 12M
Mar 03, 2022

10-K filing | 17.7M shares outstanding

18M 12M
Nov 10, 2021

10-Q filing | 16.5M shares outstanding

17M 12M
Aug 13, 2021

8-K filing: Paymentus Holdings, Inc. entered into agreements to acquire Payveris, LLC and Finovera, Inc., issuing shares of Class A common stock as part of the consideration for both transactions.

14M 12M
Aug 11, 2021

10-Q filing | 13.9M shares outstanding

14M 12M
May 28, 2021

8-K filing: Paymentus Holdings, Inc. closed its IPO of 11,500,000 shares of Class A common stock at $21.00 per share and a concurrent private placement of 2,380,950 shares of Class A common stock to Accel-KKR at $21.00 per share, resulting in gross proceeds of $291.5 million. The company also filed an amended and restated certificate of incorporation and adopted amended and restated bylaws. ($291.5M proceeds)

N/A 12M
May 17, 2021

S-1/A filing: This is an S-1/A filing for an initial public offering of Class A common stock of Paymentus Holdings, Inc., with a proposed offering of 10,000,000 shares, and an additional 1,500,000 shares available to underwriters.

N/A 12M
May 13, 2021

S-1/A filing: This is an initial public offering of shares of Class A common stock of Paymentus Holdings, Inc.

N/A 100M
Apr 30, 2021

S-1 filing: This is an S-1 filing for an initial public offering of Class A common stock of Paymentus Holdings, Inc. 100,000,000 shares are being offered.

N/A 100M
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