Academy Sports & Outdoors, Inc. (ASO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: March 17, 2026

Risk Assessment Details

Potential Dilution: 53.85% of current shares
Recent Dilution: 1.62% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
67M
Potential Supply
36M
Additional shares possible
Splits
None
Past 2 years

Summary

ASO currently has 66.6M outstanding shares. with significant dilution risk as 35.9M authorized shares could dilute existing holders by 53.8%. The company has minimally diluted shareholders by 1.62% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 17, 2026

10-K filing | 66.6M shares outstanding

67M 36M
Dec 09, 2025

10-Q filing | 66.6M shares outstanding

67M 36M
Sep 02, 2025

10-Q filing | 66.5M shares outstanding

67M 36M
Jun 10, 2025

10-Q filing | 67.1M shares outstanding

67M 36M
Mar 20, 2025

10-K filing | 71.3M shares outstanding

71M 36M
Dec 10, 2024

10-Q filing | 70.3M shares outstanding

70M 36M
Sep 10, 2024

10-Q filing | 71.8M shares outstanding

72M 36M
Jun 11, 2024

10-Q filing | 74.0M shares outstanding

74M 36M
Mar 21, 2024

10-K filing | 75.4M shares outstanding

75M 36M
Nov 30, 2023

10-Q filing | 74.5M shares outstanding

74M 36M
Aug 31, 2023

10-Q filing | 76.1M shares outstanding

76M 36M
Jun 06, 2023

10-Q filing | 76.9M shares outstanding

77M 36M
Mar 16, 2023

10-K filing | 81.6M shares outstanding

82M 36M
Dec 07, 2022

10-Q filing | 79.1M shares outstanding

79M 36M
Sep 07, 2022

10-Q filing | 83.0M shares outstanding

83M 36M
Jun 07, 2022

10-Q filing | 86.7M shares outstanding

87M 36M
Mar 29, 2022

10-K filing | 91.0M shares outstanding

91M 36M
Dec 10, 2021

10-Q filing | 91.1M shares outstanding

91M 36M
Sep 17, 2021

8-K filing: Academy Sports and Outdoors, Inc. completed a secondary offering of 18,645,602 shares of common stock and repurchased 4,500,000 shares from the underwriters for approximately $200 million, with the repurchased shares being retired. ($200.0M proceeds)

93M 36M
Sep 13, 2021

S-1 filing: The selling stockholders are offering 18,645,602 shares of common stock. The company intends to repurchase shares from the underwriters for up to $200 million, contingent upon the offering's completion. The company will not receive any proceeds from the sale of shares.

93M 55M
Sep 09, 2021

10-Q filing | 92.6M shares outstanding

93M 36M
Jun 08, 2021

10-Q filing | 92.1M shares outstanding

92M 36M
May 03, 2021

S-1 filing: S-1 filing for offering of common stock with option to purchase additional shares.

94M 36M
Apr 07, 2021

10-K filing | 91.3M shares outstanding

91M 20M
Jan 25, 2021

S-1 filing: S-1 filing for Academy Sports and Outdoors, Inc. indicates selling stockholders are offering shares of common stock with an option for underwriters to purchase additional shares.

91M 20M
Dec 10, 2020

10-Q filing | 89.9M shares outstanding

90M 18M
Sep 28, 2020

S-1/A filing: S-1/A filing for an initial public offering of common stock with an over-allotment option.

88M 18M
Sep 23, 2020

S-1/A filing: This is an S-1/A filing for Academy Sports and Outdoors, Inc. related to a common stock offering, including an underwriter option to purchase additional shares. The midpoint of the estimated price range is $16.00 per share.

88M 18M
Sep 09, 2020

S-1 filing: This is an S-1 filing for Academy Sports and Outdoors, Inc. related to a proposed offering of common stock. The underwriters have an option to purchase additional shares.

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