Dilution profile // every instrument, one screen, from SEC filings

FLOTEK INDUSTRIES INC/CN/ (FTK)

CIK 928054 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$291M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
LOWwarrants = 0% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW-76% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2020-11-112026-08-03

Latest: 36.2M shares as of Aug 3, 2026 (10-Q). Share count fell from 152.4M to 29.7M between Aug 4, 2023 and Nov 7, 2023, a pattern consistent with a reverse split (roughly 1-for-5); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
April2025 Warrants6.0Mnot tagged7yFV $42.7M
June2022 Warrants2.2M$0.0001

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 6, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 500 underlying shares, as reported Aug 12, 2009 (10-Q).

Reported exercise price: $1.21 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 36.2M = 36.2M O/S + 500 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Convertible Debt$50.0Mnot tagged

Notes exactly as the company dimensioned them in its 10-Q filed Aug 6, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding36.2MAug 3, 2026
+ April2025 Warrants (if exercised)6.0MJul 9, 2025
+ June2022 Warrants (if exercised)2.2MJun 21, 2022
Fully diluted estimate44.4M+22.6% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $291.3Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Jul 10, 2025$291.3M registeredfiling →
S-3MEFSep 21, 2023no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-3MEFSep 21, 2023no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 0 executed · 0 registered.

EFFECTIVEAug 14, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDJul 10, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDApr 28, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
REGISTEREDSep 21, 2023S-3MEF registration — capacity to sell shares, not a sale yetS-3MEF
REGISTEREDSep 21, 2023S-3MEF registration — capacity to sell shares, not a sale yetS-3MEF
EFFECTIVEOct 27, 2022SEC declared a registration effective — selling can beginEFFECT
REGISTEREDOct 18, 2022S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDJun 23, 2022Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEMay 20, 2022SEC declared a registration effective — selling can beginEFFECT
EXECUTEDMay 18, 2022Unregistered share sale disclosed (8-K item 3.02)8-K
REGISTEREDMay 11, 2022S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDFeb 22, 2022Unregistered share sale disclosed (8-K item 3.02)8-K

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

Keep going: float checker · offering calendar · short-squeeze screener · full FTK workspace