ALX ONCOLOGY HOLDINGS INC (ALXO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 20.97% of current shares
Recent Dilution: 152.39% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
130M
Potential Supply
28M
Additional shares possible
Splits
None
Past 2 years

Summary

ALXO currently has 135M outstanding shares. with moderate dilution risk from 28.2M authorized shares representing 21.0% potential dilution. The company has significantly diluted shareholders by 152.39% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

10-Q filing | 134.6M shares outstanding

130M 28M
Mar 09, 2026

10-K filing | 131.6M shares outstanding

130M 28M
Nov 07, 2025

10-Q filing | 53.6M shares outstanding

54M 28M
Aug 12, 2025

8-K filing: Daniel Curran, M.D. was appointed as a Class III director to the Board of Directors of ALX Oncology Holdings Inc. effective August 12, 2025, and will be granted stock options to purchase 40,400 shares of the company's common stock.

53M 28M
Aug 12, 2025

10-Q filing | 53.4M shares outstanding

53M 28M
May 08, 2025

10-Q filing | 53.4M shares outstanding

53M 28M
Mar 06, 2025

10-K filing | 52.2M shares outstanding

52M 28M
Mar 06, 2025

S-3 filing: ALX Oncology Holdings, Inc. is offering common stock, preferred stock, and purchase contracts for up to $364,118,243. Additionally offering remaining shares of common stock under sales agreement.

53M 28M
Nov 07, 2024

10-Q filing | 52.7M shares outstanding

53M 28M
Aug 12, 2024

10-Q filing | 51.8M shares outstanding

52M 28M
May 09, 2024

10-Q filing | 50.1M shares outstanding

50M 28M
Mar 07, 2024

10-K filing | 50.2M shares outstanding

50M 28M
Nov 13, 2023

10-Q filing | 49.8M shares outstanding

50M 28M
Sep 01, 2023

S-3 filing: This S-3 filing relates to the proposed resale or other disposition of up to 18,446,936 shares of common stock by selling stockholders.

41M 28M
Aug 10, 2023

10-Q filing | 40.9M shares outstanding

41M 9.8M
May 11, 2023

10-Q filing | 40.9M shares outstanding

41M 9.8M
Mar 09, 2023

10-K filing | 40.7M shares outstanding

41M 9.8M
Nov 08, 2022

10-Q filing | 40.7M shares outstanding

41M 9.8M
Aug 08, 2022

10-Q filing | 40.7M shares outstanding

41M 9.8M
May 27, 2022

POS AM filing: This is a post-effective amendment to a registration statement on Form S-3 for ALX Oncology Holdings Inc.

41M 9.8M
May 13, 2022

S-3/A filing: ALX Oncology Holdings, Inc. files an S-3/A to offer up to $450,000,000 of securities, including common stock, preferred stock, and purchase contracts, from time to time. They also have an active ATM offering for common stock with Cantor Fitzgerald and Credit Suisse for 150,000,000

41M 9.8M
May 09, 2022

10-Q filing | 40.7M shares outstanding

41M 9.8M
Mar 25, 2022

S-3 filing: ALX Oncology Holdings, Inc. files an S-3 to offer common stock, preferred stock and purchase contracts for up to $450,000,000 using a shelf registration, and also references a previous ATM offering of common stock with Cantor Fitzgerald and Credit Suisse.

40M 9.8M
Feb 28, 2022

10-K filing | 40.3M shares outstanding

40M 9.8M
Nov 12, 2021

10-Q filing | 40.4M shares outstanding

40M 9.8M
Aug 12, 2021

10-Q filing | 40.2M shares outstanding

40M 9.8M
May 17, 2021

10-Q filing | 40.1M shares outstanding

40M 9.8M
Mar 18, 2021

10-K filing | 40.1M shares outstanding

40M 9.8M
Dec 07, 2020

S-1 filing: S-1 filing describing the initial public offering of 9,775,000 shares of common stock at a price of $19.00 per share, resulting in net proceeds of approximately $169.5 million.

37M 9.8M
Nov 12, 2020

10-Q filing | 37.1M shares outstanding

37M 0
Aug 27, 2020

10-Q filing | 37.0M shares outstanding

37M 0
Jun 26, 2020

S-1 filing: This is an S-1 filing detailing the offering of Series A Convertible Preferred Stock to investors including venBio Global Strategic Fund, Lightstone Ventures, Goodman Barinaga Trust and Jason Lettmann.

N/A 0
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