CG Oncology, Inc. (CGON) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: November 14, 2025

Risk Assessment Details

Potential Dilution: 35.91% of current shares
Recent Dilution: 15.55% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
77M
Potential Supply
28M
Additional shares possible
Splits
None
Past 2 years

Summary

CGON currently has 76.7M outstanding shares. with moderate dilution risk from 27.6M authorized shares representing 35.9% potential dilution. The company has diluted shareholders by 15.55% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 14, 2025

10-Q filing | 76.7M shares outstanding

77M 28M
Aug 08, 2025

10-Q filing | 76.2M shares outstanding

76M 28M
May 13, 2025

10-Q filing | 76.2M shares outstanding

76M 28M
Mar 28, 2025

10-K filing | 76.2M shares outstanding

76M 28M
Dec 11, 2024

S-1/A filing: This is an S-1/A filing. The document discusses indemnification agreements with directors and officers, recent sales of unregistered securities including Series E and F redeemable convertible preferred stock, and grants of stock options.

67M 28M
Dec 11, 2024

S-1 filing: The company is offering 7,300,000 shares of common stock, and a selling stockholder is offering an additional 700,000 shares of common stock.

68M 28M
Nov 12, 2024

10-Q filing | 67.1M shares outstanding

67M 20M
Aug 08, 2024

10-Q filing | 66.6M shares outstanding

67M 20M
May 09, 2024

10-Q filing | 66.6M shares outstanding

67M 20M
Jan 23, 2024

S-1/A filing: This is an S-1/A filing for a common stock offering underwritten by Morgan Stanley, Goldman Sachs & Co. LLC, Cantor, and LifeSci Capital. The offering includes 17,000,000 shares of common stock and an underwriter's over-allotment option of 2,550,000 shares, with a proposed IPO price of $17.00 per share. The company intends to use the net proceeds to fund research and development and for working capital and other general corporate purposes.

43M 20M
Jan 18, 2024

S-1/A filing: This is an S-1/A filing for an offering of common stock with Morgan Stanley, Goldman Sachs & Co. LLC, Cantor, and LifeSci Capital as underwriters. The company proposes to offer 11,800,000 shares of common stock and an underwriter's option of 1,770,000 shares.

43M 14M
Jan 02, 2024

S-1 filing: S-1 filing for an offering of common stock with Morgan Stanley, Goldman Sachs & Co. LLC, Cantor, and LifeSci Capital as underwriters.

410M 0
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