BELITE BIO, INC (BLTE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: March 31, 2026

Risk Assessment Details

Potential Dilution: 33.13% of current shares
Recent Dilution: 23.61% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
39M
Potential Supply
13M
Additional shares possible
Splits
None
Past 2 years

Summary

BLTE currently has 39.3M outstanding shares. with moderate dilution risk from 13M authorized shares representing 33.1% potential dilution. The company has diluted shareholders by 23.61% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 31, 2026

20-F filing | 39.3M shares outstanding

39M 13M
Mar 17, 2025

20-F filing | 31.8M shares outstanding

32M 13M
Mar 12, 2024

20-F filing | 29.1M shares outstanding

29M 13M
May 22, 2023

F-3 filing: Belite Bio, Inc files an F-3 form to offer and sell up to $300,000,000 of various securities, including American Depositary Shares, ordinary shares, preferred shares, warrants, overallotment purchase rights, subscription rights, units, capital notes and/or debt securities.

10M 13M
May 01, 2023

F-3 filing: Belite Bio, Inc files an F-3 to offer up to $300,000,000 of American Depositary Shares representing ordinary shares.

10M 0
Mar 31, 2023

20-F filing | 10.3M shares outstanding

10M 0
Apr 05, 2022

F-1 filing: This is an F-1 filing related to an offering of common stock. The Benchmark Company is listed as the book-running manager.

N/A 0
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