Cogent Biosciences, Inc. (COGT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 39.85% of current shares
Recent Dilution: 58.99% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
170M
Potential Supply
68M
Additional shares possible
Splits
None
Past 2 years

Summary

COGT currently has 171M outstanding shares. with moderate dilution risk from 68.1M authorized shares representing 39.9% potential dilution. The company has significantly diluted shareholders by 58.99% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 170.9M shares outstanding

170M 68M
Nov 07, 2025

10-Q filing | 142.4M shares outstanding

140M 97M
Aug 05, 2025

10-Q filing | 139.7M shares outstanding

140M 99M
May 06, 2025

POS AM filing: This is a Post-Effective Amendment No. 1 deregistering securities from a Registration Statement on Form S-3 as the company has terminated all offerings of securities pursuant to the Registration Statement.

110M 130M
May 06, 2025

10-Q filing | 113.9M shares outstanding

110M 130M
Feb 25, 2025

10-K filing | 113.9M shares outstanding

110M 140M
Nov 12, 2024

10-Q filing | 110.2M shares outstanding

110M 140M
Aug 06, 2024

10-Q filing | 99.2M shares outstanding

99M 150M
May 07, 2024

10-Q filing | 94.8M shares outstanding

95M 160M
Mar 29, 2024

S-3 filing: Cogent Biosciences, Inc. is offering 31,172,997 shares of common stock offered by the Selling Stockholders on a resale basis.

100M 150M
Feb 26, 2024

10-K filing | 103.9M shares outstanding

100M 110M
Nov 07, 2023

10-Q filing | 86.2M shares outstanding

86M 130M
Aug 08, 2023

10-Q filing | 85.5M shares outstanding

85M 130M
May 09, 2023

10-Q filing | 70.7M shares outstanding

71M 150M
Mar 14, 2023

10-K filing | 69.9M shares outstanding

70M 150M
Nov 14, 2022

10-Q filing | 69.6M shares outstanding

70M 150M
Aug 09, 2022

10-Q filing | 65.8M shares outstanding

66M 150M
May 10, 2022

10-Q filing | 45.8M shares outstanding

46M 170M
May 06, 2022

S-3 filing: The company may issue up to an aggregate of $300,000,000 of common stock, preferred stock, debt securities, warrants and/or units, and is offering shares of common stock having an aggregate offering price of up to $75,000,000 in an "at the market offering".

46M 170M
May 06, 2022

POS AM filing: This is a post-effective amendment to deregister all unsold securities from a shelf registration statement and an ATM offering, as the company has terminated all offerings pursuant to the registration statement.

46M 170M
Mar 15, 2022

10-K filing | 45.8M shares outstanding

46M 190M
Nov 10, 2021

10-Q filing | 39.9M shares outstanding

40M 200M
Aug 16, 2021

10-Q filing | 39.8M shares outstanding

40M 200M
May 12, 2021

10-Q filing | 38.4M shares outstanding

38M 200M
Mar 16, 2021

10-K filing | 37.2M shares outstanding

37M 200M
Feb 09, 2021

S-3 filing: The filing is an S-3 form for a potential offering of common stock, preferred stock, debt securities, warrants and/or units up to an aggregate principal amount of $200,000,000. It also includes an at-the-market offering of common stock up to $75,000,000.

11M 220M
Nov 09, 2020

10-Q filing | 11.3M shares outstanding

11M 200M
Sep 22, 2020

S-3 filing: This prospectus relates to the proposed resale or other disposition by the selling shareholders identified herein of (i) 6,235,903 shares of our common stock, (ii) 44,657,000 shares of our Common Stock issuable upon the conversion of 44,657 shares of the Series A Non-Voting Convertible Preferred Stock and (iii) 118,638,000 shares of our Common Stock issuable upon the conversion of 118,638 shares of the Series A Preferred Stock.

38M 170M
Aug 11, 2020

10-Q filing | 38.3M shares outstanding

38M 0
May 11, 2020

10-Q filing | 31.2M shares outstanding

31M 0
Mar 26, 2020

10-K filing | 30.6M shares outstanding

31M 0
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