ACCURAY INC (ARAY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 6.16% of current shares
Recent Dilution: 21.24% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
120M
Potential Supply
7.3M
Additional shares possible
Splits
None
Past 2 years

Summary

ARAY currently has 119M outstanding shares. with limited dilution risk as only 7.33M additional shares (6.2%) are authorized for issuance. The company has diluted shareholders by 21.24% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 118.9M shares outstanding

120M 7.3M
Apr 07, 2026

8-K filing: Accuray Incorporated amended the Consulting Agreement with Dedication Capital, reducing cash compensation and modifying equity vesting terms, resulting in the vesting of 916,336 Initial Restricted Shares and 100% of the PSAs as of April 1, 2026.

120M 7.3M
Nov 05, 2025

10-Q filing | 118.9M shares outstanding

120M 7.3M
Aug 28, 2025

10-K filing | 102.8M shares outstanding

100M 23M
Jul 28, 2025

S-3 filing: This prospectus covers the offer and resale by the selling stockholders of up to 23,428,241 shares of our common stock issuable upon exercise of warrants that we issued to the Selling Stockholders pursuant to the Financing Agreement.

100M 23M
Jun 06, 2025

8-K filing: Accuray Incorporated entered into exchange agreements to exchange $82.0 million of convertible notes for 8,881,579 shares of common stock and $68.6 million in cash, and also entered into a senior secured credit agreement for $150 million in term loan facilities, a $20 million delayed draw term loan facility, and a $20 million revolving credit facility, and issued warrants to purchase shares of common stock.

100M 0
May 02, 2025

10-Q filing | 102.8M shares outstanding

100M 0
Feb 05, 2025

10-Q filing | 103.7M shares outstanding

100M 0
Nov 06, 2024

10-Q filing | 100.2M shares outstanding

100M 0
Sep 19, 2024

10-K filing | 98.3M shares outstanding

98M 0
May 08, 2024

10-Q filing | 99.2M shares outstanding

99M 0
Feb 07, 2024

10-Q filing | 97.8M shares outstanding

98M 0
Nov 07, 2023

10-Q filing | 96.6M shares outstanding

97M 0
Sep 07, 2023

10-K filing | 94.9M shares outstanding

95M 0
May 08, 2023

10-Q filing | 95.5M shares outstanding

96M 0
Feb 02, 2023

10-Q filing | 94.6M shares outstanding

95M 0
Nov 03, 2022

10-Q filing | 93.5M shares outstanding

94M 0
Aug 17, 2022

10-K filing | 92.1M shares outstanding

92M 0
Apr 29, 2022

10-Q filing | 92.8M shares outstanding

93M 0
Jan 28, 2022

10-Q filing | 91.8M shares outstanding

92M 0
Nov 04, 2021

10-Q filing | 90.8M shares outstanding

91M 0
Aug 17, 2021

10-K filing | 92.0M shares outstanding

92M 0
Apr 30, 2021

10-Q filing | 93.1M shares outstanding

93M 0
Feb 01, 2021

10-Q filing | 93.4M shares outstanding

93M 0
Nov 04, 2020

10-Q filing | 91.2M shares outstanding

91M 0
Aug 25, 2020

10-K filing | 90.6M shares outstanding

91M 0
May 08, 2020

10-Q filing | 90.5M shares outstanding

90M 0
Feb 04, 2020

10-Q filing | 90.3M shares outstanding

90M 0
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