UL Solutions Inc. (ULS) - 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: 5.4% of current shares
Recent Dilution: 84.67% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
78M
Potential Supply
4.2M
Additional shares possible
Splits
None
Past 2 years

Summary

ULS currently has 77.8M outstanding shares. with limited dilution risk as only 4.2M additional shares (5.4%) are authorized for issuance. The company has significantly diluted shareholders by 84.67% 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 | 77.8M shares outstanding

78M 4.2M
Dec 05, 2025

8-K filing: UL Solutions Inc. announces the closing of an offering of 12,500,000 shares of Class A common stock by a selling stockholder at a price of $78.00 per share on December 5, 2025.

63M 4.2M
Nov 04, 2025

10-Q filing | 62.8M shares outstanding

63M 4.2M
Aug 05, 2025

10-Q filing | 62.8M shares outstanding

63M 4.2M
May 06, 2025

10-Q filing | 62.4M shares outstanding

62M 4.2M
Feb 20, 2025

10-K filing | 62.0M shares outstanding

62M 4.2M
Nov 05, 2024

10-Q filing | 62.0M shares outstanding

62M 4.2M
Jul 31, 2024

10-Q filing | 38.9M shares outstanding

39M 4.2M
May 20, 2024

10-Q filing | 38.9M shares outstanding

39M 4.2M
Apr 02, 2024

S-1/A filing: This S-1/A filing describes an offering where the selling stockholder has granted the underwriters an option to purchase up to 4,200,000 shares of Class A common stock, and Norges Bank Investment Management has indicated an interest in purchasing up to $75 million in shares of Class A common stock.

N/A 4.2M
Feb 29, 2024

S-1/A filing: S-1/A filing related to an offering where the selling stockholder has granted the underwriters an option to purchase additional Class A common stock.

N/A 0
Nov 13, 2023

S-1 filing: This S-1 filing describes an offering of Class A common stock by a selling stockholder, with the underwriters having an option to purchase additional shares.

N/A 0
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