Is SWRD diluting shareholders?

Read three numbers together: shares outstanding over time (211.1M as of 2026-08-12), warrants that can convert into new shares, and how much cash runway remains. A company short on cash with live registrations is structurally likely to issue shares.

Where do these numbers come from?

SEC EDGAR only: the XBRL company-facts API for shares, warrants and cash, and filing metadata for registrations and pricings. Every figure shows its source form, and nothing here is estimated by us beyond the arithmetic stated next to it.

Why might a warrant tranche be missing from the table?

The tranche table is built from the dimensions the company tagged in its own 10-Q or 10-K XBRL. A tranche the filer chose not to dimension does not appear, and its absence proves nothing: the exhibits remain the ground truth. Everything shown carries the filing it came from.

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

Stewards, Inc. (SWRD)

CIK 1795851 · all EDGAR filings →

Offering ability

HIGHS-1/A on file 2026-07-01

= is there a registration (S-1/S-3 family) on file without a later withdrawal

no structured fee data on the live registrations, so this is a yes/no, not a size

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

NOT COMPUTEDunder 3 years of share history on file

= share count now vs 3 years ago

Cash need

NOT COMPUTEDrunway not computable from latest facts

= cash vs trailing operating burn

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

Fewer than two cover-page share counts on file, so there is no history to chart.

Cash runway

Not enough filing data

can’t compute a runway

Full breakdown: cash runway tool

Warrants

Tranche	Warrants	Exercise price	Term	Notes
Common Warrant	10.2M	$0.4	5y	—
Debt Facility Warrants	3.9M	$0.76	—	FV $3.7M
Dolomite Warrants	2.5M	not tagged	—	FV $0
Pre Funded Warrant	292,500	$0.0001	—	—

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 14, 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.

Balance-sheet fair value of warrants: $3.7M as of Jun 30, 2026.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 14, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are 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 outstanding	211.1M	Aug 12, 2026
+ Common Warrant (if exercised)	10.2M	Jun 30, 2026
+ Debt Facility Warrants (if exercised)	3.9M	Dec 17, 2025
+ Dolomite Warrants (if exercised)	2.5M	Nov 3, 2025
+ Pre Funded Warrant (if exercised)	292,500	Jun 30, 2026
Fully diluted estimate	228.1M	+8.0% 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

S-1Nov 17, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 4 executed · 6 registered.

UPDATENov 4, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →

EXECUTEDNov 3, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

UPDATEOct 8, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →

EXECUTEDSep 29, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

UPDATESep 29, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →

UPDATESep 22, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →

UPDATESep 21, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →

UPDATESep 14, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →

EXECUTEDSep 4, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

UPDATEAug 27, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →

UPDATEAug 19, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →

UPDATEAug 10, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →

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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