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

BKV Corp (BKV)

CIK 1838406 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGH$2714M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
LOW+28% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
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

2024-11-082026-10-30

Latest: 108.0M shares as of Oct 30, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-10-30
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Open the source document →

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool · source filing →

Warrants

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
2031 Convertible Senior Notes$575.0M$575.0M$31.931.625%~18.0M sh

If every note above converted at its tagged price: ~18.0M new shares on 108.0M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Nov 5, 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 outstanding108.0MOct 30, 2026
+ 2031 Convertible Senior Notes (if fully converted)18.0MSep 30, 2026
Fully diluted estimate126.0M+16.7% 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: $2713.7Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3ASRAug 20, 2026$140.3M registeredfiling →
S-3ASRDec 23, 2025$136.2M registeredfiling →
S-3Oct 1, 2025$2437.2M registeredfiling →

Last 12 months: 8 executed · 3 registered.

EXECUTEDSep 14, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDAug 20, 2026Automatic shelf registration — effective immediately (large filers)S-3ASR →
EXECUTEDMar 12, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDMar 12, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDMar 10, 2026Prospectus supplement priced — shares or notes (large filers: often a bond deal)424B2 →
EXECUTEDMar 10, 2026Prospectus supplement priced — shares or notes (large filers: often a bond deal)424B2 →
EXECUTEDJan 30, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDDec 23, 2025Automatic shelf registration — effective immediately (large filers)S-3ASR →
EXECUTEDDec 3, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDDec 1, 2025Prospectus supplement priced — shares or notes (large filers: often a bond deal)424B2 →
EFFECTIVEDec 1, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDNov 25, 2025S-3/A registration — capacity to sell shares, not a sale yetS-3/A →

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.

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