Axogen, Inc. (AXGN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 28, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 17.18% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
52M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

AXGN currently has 51.6M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 17.18% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 28, 2026

10-Q filing | 51.6M shares outstanding

52M 0
Jan 23, 2026

8-K filing: Axogen, Inc. entered into an underwriting agreement to sell 4,000,000 shares of its common stock at a public offering price of $31.00 per share, with an option for the underwriters to purchase an additional 600,000 shares; the closing is expected on January 23, 2026 and proceeds may be used to pay off debt. ($124.0M proceeds)

46M 0
Oct 29, 2025

10-Q filing | 46.5M shares outstanding

46M 0
Aug 05, 2025

10-Q filing | 46.1M shares outstanding

46M 0
May 08, 2025

10-Q filing | 45.2M shares outstanding

45M 0
Feb 26, 2025

10-K filing | 44.3M shares outstanding

44M 0
Nov 07, 2024

10-Q filing | 43.9M shares outstanding

44M 0
Aug 08, 2024

10-Q filing | 43.7M shares outstanding

44M 0
May 02, 2024

10-Q filing | 43.2M shares outstanding

43M 0
Mar 29, 2024

S-3/A filing: The company may offer and sell up to $100,000,000 in the aggregate of any combination of common stock, preferred stock, and/or debt securities.

43M 0
Mar 06, 2024

POS AM filing: This is a post-effective amendment to a registration statement on Form S-3 for Axogen, Inc., relating to a shelf offering of common stock.

43M 0
Mar 06, 2024

S-3 filing: This is an S-3 filing for a shelf offering of up to $100,000,000 in the aggregate of any combination of common stock, preferred stock and debt securities.

43M 0
Mar 05, 2024

10-K filing | 42.9M shares outstanding

43M 0
Nov 07, 2023

10-Q filing | 43.0M shares outstanding

43M 0
Aug 08, 2023

10-Q filing | 42.9M shares outstanding

43M 0
May 09, 2023

10-Q filing | 42.6M shares outstanding

43M 0
Mar 14, 2023

10-K filing | 42.1M shares outstanding

42M 0
Nov 08, 2022

10-Q filing | 42.2M shares outstanding

42M 0
Aug 05, 2022

10-Q filing | 42.0M shares outstanding

42M 0
May 05, 2022

10-Q filing | 41.8M shares outstanding

42M 0
Feb 25, 2022

POS AM filing: Axogen may offer and sell up to $100,000,000 in the aggregate of common stock from time to time in amounts, at prices and on terms described in one or more supplements to this prospectus.

41M 0
Feb 25, 2022

10-K filing | 41.2M shares outstanding

41M 250K
Nov 04, 2021

10-Q filing | 41.5M shares outstanding

41M 0
Aug 05, 2021

10-Q filing | 41.1M shares outstanding

41M 0
May 06, 2021

10-Q filing | 41.0M shares outstanding

41M 0
Mar 01, 2021

10-K filing | 40.7M shares outstanding

41M 0
Jan 14, 2021

8-K filing: Axogen, Inc. filed a prospectus supplement to the Registration Statement covering the resale of up to 247,699 shares of the Company's Common Stock by the selling stockholder.

40M 0
Oct 30, 2020

10-Q filing | 40.1M shares outstanding

40M 0
Aug 07, 2020

10-Q filing | 40.0M shares outstanding

40M 0
May 06, 2020

10-Q filing | 39.7M shares outstanding

40M 0
Feb 24, 2020

10-K filing | 39.6M shares outstanding

40M 0
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