SMITH MICRO SOFTWARE, INC. (SMSI) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
SMSI currently has 5.11M outstanding shares. with significant dilution risk as 5.13M authorized shares could dilute existing holders by 100.4%. The company has significantly diluted shareholders by 112.7% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Jun 04, 2026 |
Stock Split
8-K filing: Stock split 1-for-5 | Outstanding: 25,557,408 → 5,111,481 |
5.1M | 5.1M |
| May 08, 2026 |
S-1 filing: This is an S-1 filing registering the resale of common stock by selling stockholders, including shares issuable upon exercise of warrants and conversion of convertible notes. |
26M | 26M |
| Dec 04, 2025 |
S-1 filing: This S-1 filing registers the resale of common stock by selling stockholders, including shares from a private placement, and shares issuable upon exercise of warrants. |
25M | 7.8M |
| Nov 10, 2025 |
8-K filing: Smith Micro Software, Inc. completed a registered direct offering of 1,714,373 shares of common stock at $0.6708 per share and a concurrent private placement to its CEO of 2,236,136 unregistered shares of common stock at $0.6708 per share. ($2.65M proceeds) |
21M | 2.9M |
| Nov 05, 2025 |
10-Q filing | 21.0M shares outstanding |
21M | 2.9M |
| Aug 07, 2025 |
10-Q filing | 19.4M shares outstanding |
19M | 4.5M |
| Aug 07, 2025 |
S-1 filing: This prospectus relates to the resale or other disposition from time to time by the selling stockholders of up to 1,612,903 shares of our common stock issuable upon the exercise of certain warrants held by the Selling Stockholders. |
21M | 2.9M |
| Jul 18, 2025 |
8-K filing: Smith Micro Software, Inc. completed a registered direct offering and sale of 1,612,903 shares of common stock at $0.93 per share, along with a concurrent private placement of warrants to purchase up to 1,612,903 shares. ($3.0M proceeds) |
18M | 4.1M |
| May 08, 2025 |
10-Q filing | 18.2M shares outstanding |
18M | 4.1M |
| May 07, 2025 |
S-3 filing: The company is filing a shelf registration to sell up to $75,000,000 in various securities including common stock, preferred stock, warrants, and/or units. |
18M | 4.5M |
| Mar 12, 2025 |
10-K filing | 17.8M shares outstanding |
18M | 4.5M |
| Nov 14, 2024 |
10-Q filing | 17.7M shares outstanding |
18M | 4.5M |
| Oct 28, 2024 |
S-1 filing: This S-1 filing registers the resale of common stock and shares of common stock issuable upon exercise of warrants by selling stockholders. |
18M | 4.5M |
| Oct 03, 2024 |
8-K filing: Smith Micro Software, Inc. completed a registered direct offering of 3,321,881 shares of common stock at $1.165 per share and a concurrent private placement with its CEO for 2,575,107 shares at $1.165 per share. ($6.87M proceeds) |
11M | 2.7M |
| Sep 16, 2024 |
RW filing: Smith Micro Software, Inc. requests the withdrawal of its Registration Statement on Form S-1 (File No. 333-281349) originally filed on August 7, 2024, because the Company has determined not to pursue the offering of securities covered by the Registration Statement at this time. |
11M | 2.7M |
| Aug 07, 2024 |
S-1 filing: Smith Micro Software, Inc. is filing an S-1 to offer common stock, pre-funded warrants and common warrants. |
11M | 2.7M |
| Aug 05, 2024 |
10-Q filing | 10.6M shares outstanding |
11M | 3.2M |
| Jun 27, 2024 |
S-1 filing: Smith Micro Software, Inc. is registering the resale of 2,043,700 shares of Common Stock issuable upon exercise of warrants by selling stockholders. |
11M | 3.2M |
| May 09, 2024 |
10-Q filing | 9.5M shares outstanding |
9.5M | 2.3M |
| Apr 10, 2024 |
Stock Split
8-K filing: Stock split 1-for-8 | Outstanding: 74,935,907 → 9,366,988 |
9.4M | 2.4M |
| Feb 26, 2024 |
10-K filing | 74.9M shares outstanding |
75M | 19M |
| Nov 09, 2023 |
10-Q filing | 67.4M shares outstanding |
67M | 27M |
| Aug 10, 2023 |
10-Q filing | 62.5M shares outstanding |
62M | 31M |
| Jun 22, 2023 |
S-3 filing: This S-3 filing registers shares of common stock offered by selling stockholders, issuable pursuant to Notes and Warrants, and also discusses a private placement of Notes and Warrants, and a registered direct offering of common stock and warrants. |
64M | 30M |
| May 12, 2023 |
10-Q filing | 61.6M shares outstanding |
62M | 11M |
| Mar 23, 2023 |
10-K filing | 55.4M shares outstanding |
55M | 17M |
| Nov 14, 2022 |
10-Q filing | 55.7M shares outstanding |
56M | 17M |
| Sep 02, 2022 |
S-3 filing: An S-3 filing was submitted on 2022-09-02 for an offering of common stock. |
56M | 16M |
| Aug 12, 2022 |
10-Q filing | 55.2M shares outstanding |
55M | 7.7M |
| Aug 11, 2022 |
8-K filing: Smith Micro Software, Inc. entered into a Securities Purchase Agreement to sell senior secured convertible notes and warrants, and also entered into an Additional Purchase Agreement to sell shares of common stock and additional warrants in a registered direct offering. ($3.0M proceeds) |
55M | 8.4M |
| May 05, 2022 |
10-Q filing | 54.5M shares outstanding |
55M | 8.4M |
| May 04, 2022 |
S-3 filing: SMSI filed an S-3 registration statement on 2022-05-04 for a shelf offering of common stock, preferred stock, warrants, or units with a maximum aggregate offering price of $75,000,000. |
51M | 12M |
| Mar 11, 2022 |
10-K filing | 51.2M shares outstanding |
51M | 0 |
| Nov 12, 2021 |
10-Q filing | 53.9M shares outstanding |
54M | 0 |
| Aug 12, 2021 |
10-Q filing | 53.0M shares outstanding |
53M | 0 |
| Jun 25, 2021 |
S-3 filing: This is an S-3 filing for Smith Micro Software, Inc. regarding the offering of up to 1,460,131 shares of common stock by a selling stockholder, which were issued as partial consideration for the acquisition of their Family Safety Mobile business. The company will not receive any proceeds from the sale of these shares. |
53M | 0 |
| May 12, 2021 |
10-Q filing | 53.2M shares outstanding |
53M | 0 |
| Mar 08, 2021 |
10-K filing | 42.8M shares outstanding |
43M | 0 |
| Nov 09, 2020 |
10-Q filing | 41.4M shares outstanding |
41M | 0 |
| Aug 10, 2020 |
10-Q filing | 41.1M shares outstanding |
41M | 0 |
| May 11, 2020 |
10-Q filing | 42.2M shares outstanding |
42M | 0 |
| May 07, 2020 |
S-3 filing: The company may offer and sell any combination of common stock, preferred stock, warrants, or units having a maximum aggregate offering price of $75,000,000. |
37M | 0 |
| Mar 13, 2020 |
10-K filing | 37.0M shares outstanding |
37M | 0 |