trivago N.V. (TRVG) AI Dilution Summary

Estimated cash was $70,648,000 as of 2026-09-30, the same figure as cash at the 2026-09-30 balance-sheet date, against estimated monthly burn of $4,365,000. Dilution here is driven primarily by the active F-3 shelf registration 333-280823, which is registered to $500,000,000 and expires 2027-07-24; the filings reviewed do not state its remaining capacity. Because the shelf is sized in dollars rather than shares, the number of shares any takedown could issue rises as the share price falls.