Trevi Therapeutics, Inc. (TRVI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 79.8% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
150M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

TRVI currently has 146M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 79.8% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 145.6M shares outstanding

150M 0
Mar 17, 2026

10-K filing | 134.7M shares outstanding

130M 0
Nov 13, 2025

10-Q filing | 128.2M shares outstanding

130M 0
Aug 07, 2025

10-Q filing | 130.4M shares outstanding

130M 0
May 08, 2025

10-Q filing | 101.7M shares outstanding

100M 9.1M
Mar 18, 2025

10-K filing | 102.0M shares outstanding

100M 8.8M
Nov 06, 2024

10-Q filing | 76.9M shares outstanding

77M 34M
Aug 08, 2024

10-Q filing | 72.6M shares outstanding

73M 38M
May 07, 2024

10-Q filing | 70.4M shares outstanding

70M 40M
Mar 20, 2024

10-K filing | 69.0M shares outstanding

69M 42M
Nov 09, 2023

10-Q filing | 63.9M shares outstanding

64M 47M
Aug 11, 2023

S-3/A filing: The company may offer and sell securities from time to time in one or more offerings of up to $200,000,000 in aggregate offering price.

64M 47M
Aug 10, 2023

10-Q filing | 63.9M shares outstanding

64M 16M
Jun 29, 2023

S-3 filing: The company is filing an S-3 to offer debt securities, common stock, and preferred stock from time to time in one or more offerings of up to $200,000,000 in aggregate offering price. They also entered into a sales agreement with SVB Securities LLC, relating to shares of their common stock, par value $0.001 per share, offered by this prospectus, with an aggregate offering price of up to $75,000,000.

60M 19M
May 11, 2023

10-Q filing | 60.1M shares outstanding

60M 19M
Mar 16, 2023

10-K filing | 64.5M shares outstanding

65M 15M
Nov 10, 2022

10-Q filing | 59.9M shares outstanding

60M 19M
Aug 11, 2022

10-Q filing | 42.8M shares outstanding

43M 37M
May 12, 2022

10-Q filing | 38.7M shares outstanding

39M 41M
May 02, 2022

S-3 filing: This prospectus relates to the resale from time to time of up to an aggregate of 28,960,199 shares of common stock of Trevi Therapeutics, Inc. by the selling stockholders.

4.6M 75M
Mar 17, 2022

10-K filing | 30.8M shares outstanding

31M 20M
Nov 10, 2021

10-Q filing | 25.8M shares outstanding

26M 25M
Nov 05, 2021

S-3 filing: This S-3 filing relates to the resale of up to 5,555,556 shares of common stock of Trevi Therapeutics, Inc. by the selling stockholder, including shares issuable upon the exercise of outstanding warrants.

22M 29M
Oct 15, 2021

S-3 filing: This prospectus relates to the resale from time to time of up to 21,897,810 shares of common stock of Trevi Therapeutics, Inc. by the selling stockholder.

22M 23M
Oct 08, 2021

RW filing: This is a request for the withdrawal of the Registration Statement on Form S-1 (File No. 333-259120) originally filed on August 27, 2021, in connection with the proposed public offering of common stock, which the company has decided not to pursue.

22M 1.4M
Aug 27, 2021

S-1 filing: This S-1 filing registers shares of common stock for offering, including an underwriter option to purchase additional shares.

22M 1.4M
Aug 12, 2021

10-Q filing | 21.6M shares outstanding

22M 1.4M
Jul 07, 2021

S-1 filing: This prospectus relates to the resale, from time to time, of up to 5,170,088 shares of our common stock, par value $0.001 per share, by the selling stockholder, Lincoln Park Capital Fund, LLC.

20M 3.1M
May 13, 2021

10-Q filing | 19.9M shares outstanding

20M 0
Mar 25, 2021

10-K filing | 19.9M shares outstanding

20M 0
Nov 12, 2020

10-Q filing | 18.4M shares outstanding

18M 0
Aug 13, 2020

10-Q filing | 18.2M shares outstanding

18M 0
Jun 26, 2020

S-3 filing: Trevi Therapeutics, Inc. files an S-3 form for a shelf offering of Debt Securities, Common Stock, and Preferred Stock with a total proposed amount of $150,000,000. They also filed for Common Stock with a total proposed amount of $12,000,000. They may offer and sell securities from time to time in one or more offerings.

18M 0
May 07, 2020

10-Q filing | 17.8M shares outstanding

18M 0
Mar 16, 2020

10-K filing | 17.8M shares outstanding

18M 0
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