Black Diamond Therapeutics, Inc. (BDTX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 198.32% of current shares
Recent Dilution: 7.0% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
57M
Potential Supply
110M
Additional shares possible
Splits
None
Past 2 years

Summary

BDTX currently has 57.2M outstanding shares. with significant dilution risk as 114M authorized shares could dilute existing holders by 198.3%. The company has minimally diluted shareholders by 7.0% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 57.2M shares outstanding

57M 110M
Mar 16, 2026

10-K filing | 57.6M shares outstanding

58M 110M
Nov 13, 2025

S-3 filing: The filing is an S-3 form for a shelf offering allowing the company to offer and sell up to $500,000,000 in aggregate principal amount of common stock, preferred stock, debt securities, warrants and/or units.

57M 110M
Nov 06, 2025

10-Q filing | 56.9M shares outstanding

57M 81M
Aug 07, 2025

10-Q filing | 56.8M shares outstanding

57M 81M
May 12, 2025

10-Q filing | 56.7M shares outstanding

57M 81M
Mar 06, 2025

10-K filing | 55.0M shares outstanding

55M 81M
Nov 05, 2024

10-Q filing | 56.5M shares outstanding

57M 81M
Aug 06, 2024

10-Q filing | 55.2M shares outstanding

55M 81M
May 09, 2024

10-Q filing | 51.8M shares outstanding

52M 81M
Mar 12, 2024

10-K filing | 51.7M shares outstanding

52M 81M
Nov 06, 2023

10-Q filing | 50.9M shares outstanding

51M 81M
Aug 11, 2023

10-Q filing | 51.6M shares outstanding

52M 81M
Jun 30, 2023

8-K filing: Black Diamond Therapeutics, Inc. entered into an underwriting agreement to issue and sell up to 15,000,000 shares of common stock in an underwritten public offering at a public offering price of $5.00 per share. ($86.25M proceeds)

36M 81M
May 09, 2023

10-Q filing | 36.5M shares outstanding

36M 81M
Mar 09, 2023

10-K filing | 36.3M shares outstanding

36M 81M
Dec 12, 2022

8-K filing: Black Diamond Therapeutics, Inc. formed Launchpad Therapeutics, Inc. and received 9.0 million shares of Launchpad common stock in exchange for contributing antibody programs and granting a license to its MAP Drug Discovery Engine.

36M 81M
Nov 14, 2022

S-3 filing: The company may offer and sell up to $500,000,000 in aggregate principal amount of common stock, preferred stock, debt securities, warrants and/or units. The company may also offer common stock with an aggregate offering price of up to $150,000,000 through Jefferies LLC.

36M 81M
Nov 08, 2022

10-Q filing | 36.3M shares outstanding

36M 17M
Aug 09, 2022

10-Q filing | 36.3M shares outstanding

36M 17M
May 11, 2022

10-Q filing | 36.3M shares outstanding

36M 17M
Mar 17, 2022

10-K filing | 36.2M shares outstanding

36M 17M
Nov 08, 2021

10-Q filing | 36.2M shares outstanding

36M 17M
Aug 12, 2021

10-Q filing | 36.2M shares outstanding

36M 17M
May 07, 2021

10-Q filing | 36.1M shares outstanding

36M 17M
Mar 25, 2021

10-K filing | 36.1M shares outstanding

36M 17M
Nov 10, 2020

10-Q filing | 36.0M shares outstanding

36M 17M
Aug 11, 2020

10-Q filing | 35.9M shares outstanding

36M 17M
May 12, 2020

10-Q filing | 35.9M shares outstanding

36M 17M
Mar 24, 2020

10-K filing | 35.9M shares outstanding

36M 17M
Jan 21, 2020

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock, with an underwriters' option to purchase additional shares. The company intends to use the net proceeds to fund the Phase 1/2 development of BDTX-189, to identify a lead development candidate and conduct IND-enabling studies in our glioblastoma program and for continued development of our discovery programs and our MAP platform, hiring of additional personnel, capital expenditures, costs of operating as a public company and other general corporate purposes.

2.2M 17M
Jan 03, 2020

S-1 filing: This S-1 filing indicates an offering of common stock with J.P. Morgan, Jefferies, Cowen, and Canaccord Genuity as underwriters, and the company intends to use the proceeds to fund development programs and for general corporate purposes.

6.7M 0
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