AdaptHealth Corp. (AHCO) - 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: 159.77% of current shares
Recent Dilution: 2.45% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
140M
Potential Supply
220M
Additional shares possible
Splits
None
Past 2 years

Summary

AHCO currently has 136M outstanding shares. with significant dilution risk as 217M authorized shares could dilute existing holders by 159.8%. The company has minimally diluted shareholders by 2.45% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 135.8M shares outstanding

140M 220M
Nov 04, 2025

10-Q filing | 135.3M shares outstanding

140M 220M
Aug 05, 2025

10-Q filing | 135.0M shares outstanding

130M 220M
May 06, 2025

10-Q filing | 134.8M shares outstanding

130M 220M
Feb 25, 2025

10-K filing | 135.5M shares outstanding

140M 220M
Nov 05, 2024

10-Q filing | 134.3M shares outstanding

130M 220M
Aug 06, 2024

10-Q filing | 133.2M shares outstanding

130M 220M
May 07, 2024

10-Q filing | 132.9M shares outstanding

130M 220M
Feb 27, 2024

10-K filing | 134.2M shares outstanding

130M 220M
Nov 07, 2023

10-Q filing | 135.0M shares outstanding

130M 220M
Aug 08, 2023

10-Q filing | 136.2M shares outstanding

140M 220M
May 09, 2023

10-Q filing | 134.5M shares outstanding

130M 220M
Feb 28, 2023

10-K filing | 134.2M shares outstanding

130M 220M
Nov 08, 2022

10-Q filing | 134.2M shares outstanding

130M 220M
Aug 09, 2022

10-Q filing | 134.3M shares outstanding

130M 220M
May 10, 2022

10-Q filing | 134.0M shares outstanding

130M 220M
Mar 01, 2022

10-K filing | 133.0M shares outstanding

130M 220M
Nov 09, 2021

10-Q filing | 131.7M shares outstanding

130M 220M
Aug 06, 2021

10-Q filing | 76.5M shares outstanding

76M 220M
Jun 29, 2021

S-3 filing: Registration of 27,040,088 shares of Class A Common Stock for resale by selling stockholders.

76M 220M
May 10, 2021

10-Q filing | 76.5M shares outstanding

76M 190M
Mar 16, 2021

10-K filing | 76.5M shares outstanding

76M 190M
Jan 12, 2021

8-K filing: AdaptHealth Corp. sold 8,450,000 shares of Class A common stock through an underwriting agreement with Deutsche Bank Securities Inc. and Jefferies LLC, with the Underwriters exercising their option to purchase an additional 1,200,000 shares.

41M 190M
Dec 18, 2020

S-3 filing: This is an S-3 filing for a secondary offering of Class A Common Stock, warrants, and a combination offering of various securities with an aggregate offering price not to exceed $500,000,000.

41M 190M
Nov 06, 2020

10-Q filing | 40.8M shares outstanding

41M 100M
Aug 07, 2020

10-Q filing | 44.5M shares outstanding

45M 100M
Jul 21, 2020

S-1 filing: This S-1 filing relates to the offer and sale of up to 2,545,455 shares of Class A Common Stock by the selling securityholder, issuable upon conversion of Series B-1 and B-2 Preferred Stock.

45M 100M
Jul 02, 2020

8-K filing: AdaptHealth Corp. completed the issuance and sale of 10,930,471 shares of Class A Common Stock and 39,706 shares of Series A Preferred Stock to OEP AHCO Investment Holdings, LLC, and the issuance and sale of 35,000 shares of Series B-2 Preferred Stock to Deerfield Partners.

45M 99M
Jun 29, 2020

S-1 filing: This S-1 filing is for a proposed equity offering by AdaptHealth Corp. The document describes an agreement between AdaptHealth and several underwriters for the issuance and sale of firm shares, with an option for the underwriters to purchase additional shares. It details the terms of the offering, including compliance with registration requirements, disclosure accuracy, and various legal and financial representations and warranties by the company.

45M 99M
Jun 26, 2020

8-K filing: AdaptHealth Corp. entered into an Exchange Agreement with Deerfield Private Design Fund IV, exchanging 15,810,547 shares of Class A Common Stock for 158,105.47 shares of Series B-1 Convertible Preferred Stock; and entered into an Investment Agreement with Deerfield Partners for the purchase of $35,000,000 in Series B-2 Convertible Preferred Stock. ($35.0M proceeds)

45M 99M
May 29, 2020

8-K filing: AdaptHealth Corp. enters into a Stock Purchase Agreement and Investment Agreement to acquire Solara Holdings, issuing 3,906,250 shares of Class A Common Stock and up to $190,000,000 in Class A Common Stock and Series A Convertible Preferred Stock to OEP AHCO Investment Holdings, LLC. ($62.5M proceeds)

45M 99M
May 08, 2020

10-Q filing | 45.4M shares outstanding

45M 99M
Mar 09, 2020

S-1/A filing: This S-1/A filing includes a secondary offering of 75,053,512 shares of Class A Common Stock and 4,333,333 Warrants to Purchase Class A Common Stock. It also covers the issuance of up to 9,601,909 shares of Class A Common Stock upon warrant exercise.

43M 99M
Mar 06, 2020

10-K filing | 42.2M shares outstanding

42M 88M
Feb 28, 2020

S-1/A filing: This is an S-1/A filing for a secondary offering of Class A Common Stock and Warrants to Purchase Class A Common Stock.

N/A 88M
Jan 22, 2020

S-3 filing: The filing is an S-3 registration statement for AdaptHealth Corp. relating to the primary offering of shares of Class A Common Stock issuable upon exercise of warrants and a secondary offering of shares of Class A Common Stock and warrants to purchase Class A Common Stock by selling securityholders.

N/A 92M
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