RYVYL Inc. (RVYL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 1049.72% of current shares
Recent Dilution: 247.18% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
1.2M
Potential Supply
13M
Additional shares possible
Splits
None
Past 2 years

Summary

RVYL currently has 1.23M outstanding shares. with significant dilution risk as 12.9M authorized shares could dilute existing holders by 1049.7%. The company has significantly diluted shareholders by 247.18% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 1.2M shares outstanding

1.2M 13M
Apr 15, 2026

10-K filing | 1.3M shares outstanding

1.3M 13M
Nov 14, 2025

10-Q filing | 36.1M shares outstanding

36M 0
Oct 07, 2025

8-K filing: RYVYL Inc. sold 50,000 shares of its Series C convertible preferred stock at $0.40 per share in a private placement (PIPE financing) which was closed on October 7, 2025, for gross proceeds of up to $5,000,000. ($5.0M proceeds)

16M 0
Jul 02, 2025

S-1/A filing: RYVYL Inc. is filing an S-1/A to offer up to $8,000,000 of Common Units, each consisting of one share of common stock and one Common Warrant, on a best-efforts basis at an assumed public offering price of $0.81 per Common Unit.

16M 0
Jun 16, 2025

S-1/A filing: RYVYL Inc. is offering up to $20,000,000 of Common Units on a best-efforts basis, with each unit consisting of one share of common stock and one Common Warrant, at an assumed public offering price of $0.60 per Common Unit.

16M 22M
May 20, 2025

10-Q filing | 8.3M shares outstanding

8.3M 0
Mar 28, 2025

10-K filing | 8.4M shares outstanding

8.4M 0
Feb 14, 2025

S-1 filing: RYVYL Inc. is offering up to $20,000,000 of units, each consisting of one share of common stock and one warrant, and pre-funded warrants, on a best efforts basis.

8.4M 0
Jan 24, 2025

8-K filing: RYVYL Inc. entered into agreements to repurchase Series B Preferred Stock and repay a Senior Convertible Note, funded by the sale of its Ryvyl EU subsidiary. The company will repurchase 55,000 Series B preferred shares for $17,000,000. ($17.0M proceeds)

6.8M 0
Nov 14, 2024

10-Q filing | 6.8M shares outstanding

6.8M 0
Aug 13, 2024

10-Q filing | 6.4M shares outstanding

6.4M 0
May 14, 2024

10-Q filing | 6.5M shares outstanding

6.5M 0
Mar 26, 2024

10-K filing | 6.0M shares outstanding

6M 0
Dec 04, 2023

8-K filing: RYVYL Inc. closed an exchange transaction on November 29, 2023, issuing 55,000 shares of Series B Convertible Preferred Stock and paying $3,000,000 in cash to an investor in exchange for 6,000 shares of Series A Convertible Preferred Stock and the reduction of $60,303,000 in principal amount of a convertible note.

5.5M 0
Nov 28, 2023

8-K filing: RYVYL Inc. entered into a Second Exchange Agreement with an institutional investor to exchange existing and unissued Series A Preferred Stock and a portion of outstanding principal under a convertible note for 55,000 shares of Series B Preferred Stock, and to make a cash payment of $3,000,000 to the investor.

5.5M 0
Nov 13, 2023

10-Q filing | 5.4M shares outstanding

5.4M 0
Sep 06, 2023
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 52,382,865 → 5,238,286

5.2M 0
Aug 28, 2023

8-K filing: RYVYL Inc. closed the first exchange under the Exchange Agreement, issuing 6,000 shares of Series A Preferred Stock in exchange for $4,297,000 of the outstanding principal balance of the Note and $1,703,000 of accrued interest. ($6.0M proceeds)

52M 0
Aug 18, 2023

8-K filing: RYVYL Inc. amended its Exchange Agreement with an institutional investor to extend the Stockholder Approval Date to October 19, 2023, concerning the issuance of securities related to a convertible note financing. ($6.0M proceeds)

52M 0
Aug 14, 2023

10-Q filing | 52.4M shares outstanding

52M 0
Aug 01, 2023

8-K filing: RYVYL Inc. closed the first of two exchanges with an institutional investor, issuing 6,000 shares of Series A Preferred Stock in exchange for $4,297,000 of outstanding principal and $1,703,000 of accrued interest under a convertible note. ($6.0M proceeds)

51M 0
Jul 26, 2023

8-K filing: RYVYL Inc. entered into an Exchange Agreement with an institutional investor to exchange $22.703 million of outstanding principal and interest under a convertible note for 15,000 shares of Series A Preferred Convertible Stock in two separate exchanges. ($15.0M proceeds)

51M 0
May 22, 2023

10-Q filing | 51.3M shares outstanding

51M 0
Apr 17, 2023

10-K filing | 51.3M shares outstanding

51M 0
Nov 21, 2022

10-Q filing | 49.6M shares outstanding

50M 0
Aug 16, 2022

8-K filing: GreenBox POS and an investor entered into a Restructuring Agreement, where the investor agreed to convert $500,000 of principal of a convertible note into 495,099 shares of Common Stock at a conversion price of $1.02, and agreed to convert up to $4.5 million of additional principal at a conversion price equal to the lesser of $2.40 and 97.5% of the Adjustment Price.

45M 0
Aug 15, 2022

10-Q filing | 44.8M shares outstanding

45M 0
May 16, 2022

10-Q filing | 41.4M shares outstanding

41M 1.5M
Apr 06, 2022

8-K filing: GreenBox POS entered into an Asset Purchase Agreement with Sky Financial and Intelligence, LLC to purchase a portfolio of Merchant IDs and intellectual property for $16 million and 500,000 shares of GreenBox POS common stock.

43M 0
Mar 31, 2022

10-K filing | 43.3M shares outstanding

43M 0
Nov 15, 2021

10-Q filing | 43.2M shares outstanding

43M 0
Nov 03, 2021

8-K filing: GreenBox POS entered into a placement agency agreement with EF Hutton for a registered direct offering of 8% senior convertible notes due 2023, potentially issuing up to 69,461,078 shares of common stock upon conversion.

43M 0
Aug 12, 2021

10-Q filing | 43.3M shares outstanding

43M 0
Jul 19, 2021

8-K filing: GreenBox POS acquired Charge Savvy LLC in an all-stock transaction, issuing 900,000 shares of common stock to the sellers on July 13, 2021, with a potential for an additional 100,000 holdback shares.

42M 1M
Jul 09, 2021

S-3 filing: Greenbox POS files an S-3 to offer and sell up to $250 million in common stock, preferred stock, and debt securities. It also mentions a previous offering of 4,150,000 shares of common stock at $10.50 per share, with an over-allotment option for 622,500 additional shares, underwritten by EF Hutton.

42M 1M
May 13, 2021

10-Q filing | 41.9M shares outstanding

42M 0
Mar 30, 2021

10-K filing | 41.2M shares outstanding

41M 0
Feb 17, 2021
Stock Split

8-K filing | Stock split one-for-six | Outstanding: 32,567,291 → 82,500,000 | Transactions: Sale 4150000 Common stock $43.57M to Underwriters | Proceeds: $43.57M

83M 0
Feb 10, 2021

S-1/A filing: GreenBox POS is offering 4,597,702 shares of Common Stock at an assumed public offering price of $8.70 per share. They have granted the underwriters a 45-day option to purchase up to 689,655 additional shares of Common Stock at $8.70 per share.

33M 200M
Jan 29, 2021

S-1 filing: This is an S-1 filing for GreenBox POS indicating an offering of common stock underwritten by Kingswood Capital Markets. The company intends to list its Common Stock on the Nasdaq Capital Market under the symbol "GBOX."

190M 37M
Jan 25, 2021

8-K filing: GreenBox POS entered into a non-binding Memorandum of Understanding to acquire ChargeSavvy LLC for $31.2 million in restricted shares of the Company's common stock, assuming a per share price of $2.00. ($31.2M proceeds)

190M 38M
Jan 11, 2021

S-1/A filing: GreenBox POS is filing a registration statement for the offering of up to 27,136,337 shares of common stock by certain selling stockholders, consisting of Common Shares, Debenture Shares and Warrant Shares.

190M 38M
Dec 28, 2020

8-K filing: GreenBox POS closed a private placement offering, issuing 2,000,000 shares of common stock at $0.80 per share for gross proceeds of $1,600,000. ($1.6M proceeds)

190M 38M
Dec 23, 2020

S-1 filing: This S-1 filing registers the offer and resale of up to 27,136,837 shares of GreenBox POS common stock by selling stockholders, including shares underlying convertible debentures and warrants.

190M 38M
Nov 16, 2020

10-Q filing | 181.1M shares outstanding

180M 15M
Oct 29, 2020

8-K filing: GreenBox POS consummated the initial and second closings of a private placement offering issuing Convertible Debentures and warrants for an aggregate purchase price of $3,500,000.

180M 15M
Oct 02, 2020

S-1 filing: This S-1 filing is for the offer and sale of up to 7,500,000 shares of common stock by Triton Funds LP, issuable under an equity line of $500,000.

180M 15M
Aug 14, 2020

10-Q filing | 181.1M shares outstanding

180M 0
Jun 08, 2020

8-K filing: PrivCo transferred 17,000,000 shares of GreenBox POS common stock to Mr. Haller in connection with an asset purchase agreement.

180M 0
May 28, 2020

10-Q filing | 181.4M shares outstanding

180M 0
May 15, 2020

10-K filing | 175.9M shares outstanding

180M 0
Apr 09, 2020

10-Q filing | 176.2M shares outstanding

180M 0
Apr 09, 2020

10-Q filing | 176.2M shares outstanding

180M 0
Apr 08, 2020

10-Q filing | 176.2M shares outstanding

180M 0
Mar 09, 2020

8-K filing: GreenBox POS entered into a settlement agreement with RB Capital, resolving a dispute over investments and loans. The Company paid $250,000 and issued 6,000,000 shares of common stock to RB Capital.

N/A 0
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