Arcutis Biotherapeutics, Inc. (ARQT) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
ARQT currently has 125M outstanding shares. with limited dilution risk as only 16.2M additional shares (12.9%) are authorized for issuance. The company has minimally diluted shareholders by 4.86% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 06, 2026 |
10-Q filing | 125.1M shares outstanding |
130M | 16M |
| May 06, 2025 |
10-Q filing | 126.0M shares outstanding |
130M | 16M |
| Feb 25, 2025 |
10-K filing | 121.0M shares outstanding |
120M | 16M |
| Nov 06, 2024 |
10-Q filing | 124.3M shares outstanding |
120M | 16M |
| Aug 14, 2024 |
10-Q filing | 123.5M shares outstanding |
120M | 16M |
| May 14, 2024 |
10-Q filing | 111.0M shares outstanding |
110M | 16M |
| Feb 27, 2024 |
10-K filing | 96.8M shares outstanding |
97M | 16M |
| Jan 31, 2024 |
S-3 filing: This is an S-3 filing for an at-the-market offering of common stock through TD Cowen. The offering price per share may exceed the net tangible book value per share of common stock outstanding. The number of shares sold will fluctuate based on the market price and limits set with TD Cowen. |
94M | 16M |
| Nov 03, 2023 |
10-Q filing | 94.4M shares outstanding |
94M | 16M |
| Oct 23, 2023 |
8-K filing: Arcutis Biotherapeutics, Inc. entered into an underwriting agreement for a public offering of 32,500,000 shares of common stock and pre-funded warrants to purchase up to 7,500,000 shares of common stock, with an option for the underwriters to purchase up to 6,000,000 additional shares. ($93.5M proceeds) |
61M | 16M |
| Aug 08, 2023 |
10-Q filing | 61.4M shares outstanding |
61M | 16M |
| May 09, 2023 |
10-Q filing | 61.2M shares outstanding |
61M | 16M |
| Feb 28, 2023 |
10-K filing | 55.0M shares outstanding |
55M | 16M |
| Nov 08, 2022 |
10-Q filing | 57.1M shares outstanding |
57M | 16M |
| Aug 05, 2022 |
8-K filing: Arcutis Biotherapeutics, Inc. completed a public offering of 7,500,000 shares of common stock at $20.00 per share, and the underwriters exercised their option to purchase an additional 1,125,000 shares, resulting in net proceeds of approximately $161.7 million. ($172.5M proceeds) |
51M | 16M |
| Aug 04, 2022 |
10-Q filing | 51.4M shares outstanding |
51M | 16M |
| May 05, 2022 |
10-Q filing | 50.5M shares outstanding |
51M | 16M |
| Feb 22, 2022 |
10-K filing | 49.4M shares outstanding |
49M | 16M |
| Nov 04, 2021 |
10-Q filing | 50.1M shares outstanding |
50M | 16M |
| Aug 05, 2021 |
10-Q filing | 50.0M shares outstanding |
50M | 16M |
| May 06, 2021 |
10-Q filing | 50.2M shares outstanding |
50M | 16M |
| Feb 16, 2021 |
10-K filing | 50.1M shares outstanding |
50M | 16M |
| Nov 05, 2020 |
10-Q filing | 43.6M shares outstanding |
44M | 16M |
| Oct 06, 2020 |
8-K filing: Arcutis Biotherapeutics, Inc. closed its underwritten public offering of 4,000,000 shares of common stock at $25.00 per share and concurrently closed a private placement with OrbiMed Affiliates for $35.0 million of common stock at $25.00 per share, generating net proceeds of approximately $128.5 million. ($135.0M proceeds) |
38M | 16M |
| Sep 29, 2020 |
S-1 filing: This is an S-1 filing for an initial offering of common stock, including an option to purchase additional shares and a concurrent private placement. Proceeds from the offering will fund continued development of programs, commercial launch planning, and general corporate purposes. |
38M | 16M |
| Aug 11, 2020 |
10-Q filing | 38.2M shares outstanding |
38M | 9M |
| May 12, 2020 |
10-Q filing | 38.2M shares outstanding |
38M | 9M |
| Jan 21, 2020 |
S-1/A filing: This is an S-1/A filing for an initial public offering of common stock, with an option to purchase additional shares, and indications of interest from existing stockholders. The company intends to use the net proceeds from this offering to fund the further development of ARQ-151, ARQ-154 and ARQ-252, for working capital and general corporate purposes. |
35M | 9M |
| Jan 06, 2020 |
S-1 filing: This is an S-1 filing for an initial public offering of common stock. |
55M | 0 |