Perma-Pipe International Holdings, Inc. (PPIH) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: April 16, 2026

Risk Assessment Details

Potential Dilution: 67.05% of current shares

Recent Dilution: 2.73% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

8.1M

Potential Supply

5.5M

Additional shares possible

Splits

None

Past 2 years

Summary

PPIH currently has 8.15M outstanding shares. with significant dilution risk as 5.46M authorized shares could dilute existing holders by 67.1%. The company has minimally diluted shareholders by 2.73% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Apr 16, 2026	10-K filing \| 8.1M shares outstanding	8.1M	5.5M
Dec 12, 2025	10-Q filing \| 8.1M shares outstanding	8.1M	5.5M
Sep 15, 2025	10-Q filing \| 8.0M shares outstanding	8M	5.6M
Jun 13, 2025	10-Q filing \| 8.0M shares outstanding	8M	5.6M
May 01, 2025	10-K filing \| 8.0M shares outstanding	8M	5.7M
Dec 23, 2024	10-Q filing \| 8.0M shares outstanding	8M	5.6M
Sep 11, 2024	10-Q filing \| 8.0M shares outstanding	8M	5.7M
Jun 13, 2024	10-Q filing \| 8.1M shares outstanding	8.1M	5.6M
Apr 26, 2024	10-K filing \| 8.0M shares outstanding	8M	5.6M
Dec 08, 2023	10-Q filing \| 8.0M shares outstanding	8M	5.7M
Sep 14, 2023	10-Q filing \| 8.0M shares outstanding	8M	5.6M
Jun 14, 2023	10-Q filing \| 8.0M shares outstanding	8M	5.6M
Apr 27, 2023	10-K filing \| 8.0M shares outstanding	8M	5.6M
Dec 06, 2022	10-Q filing \| 8.0M shares outstanding	8M	5.6M
Sep 07, 2022	10-Q filing \| 8.0M shares outstanding	8M	5.6M
Jun 07, 2022	10-Q filing \| 7.9M shares outstanding	7.9M	5.7M
May 13, 2022	S-3 filing: Perma-Pipe International Holdings, Inc. files an S-3 to offer and sell up to $75,000,000 of any combination of debt securities, shares of common stock, warrants, stock purchase contracts and stock purchase units.	8.1M	5.5M
Apr 19, 2022	10-K filing \| 8.1M shares outstanding	8.1M	0
Dec 08, 2021	10-Q filing \| 8.1M shares outstanding	8.1M	0
Sep 08, 2021	10-Q filing \| 8.2M shares outstanding	8.2M	0
Jun 08, 2021	10-Q filing \| 8.2M shares outstanding	8.2M	0
Apr 15, 2021	10-K filing \| 8.1M shares outstanding	8.1M	0
Dec 21, 2020	10-Q filing \| 8.2M shares outstanding	8.2M	0
Sep 09, 2020	10-Q filing \| 8.1M shares outstanding	8.1M	0
Jun 09, 2020	10-Q filing \| 8.0M shares outstanding	8M	0
Apr 21, 2020	10-K filing \| 8.0M shares outstanding	8M	0

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