Elanco Animal Health Inc (ELAN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 0.77% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
500M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

ELAN currently has 498M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.77% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 497.7M shares outstanding

500M 0
Nov 05, 2025

10-Q filing | 496.8M shares outstanding

500M 0
Aug 07, 2025

10-Q filing | 496.6M shares outstanding

500M 0
May 07, 2025

10-Q filing | 495.1M shares outstanding

500M 0
Feb 25, 2025

10-K filing | 494.0M shares outstanding

490M 0
Nov 07, 2024

10-Q filing | 494.3M shares outstanding

490M 0
Aug 08, 2024

10-Q filing | 494.2M shares outstanding

490M 0
May 08, 2024

10-Q filing | 493.2M shares outstanding

490M 0
Feb 26, 2024

10-K filing | 492.3M shares outstanding

490M 0
Nov 07, 2023

10-Q filing | 492.7M shares outstanding

490M 0
Aug 07, 2023

10-Q filing | 492.6M shares outstanding

490M 0
May 09, 2023

10-Q filing | 492.8M shares outstanding

490M 0
Mar 01, 2023

10-K filing | 488.3M shares outstanding

490M 0
Jan 31, 2023

8-K filing: Elanco Animal Health Incorporated announced the settlement rate for its outstanding 5.00% Tangible Equity Units, with holders receiving 1.5625 shares of Elanco's common stock for each prepaid stock purchase contract, resulting in the issuance of approximately 17.2 million shares of Common Stock on February 1, 2023.

490M 0
Nov 08, 2022

10-Q filing | 488.4M shares outstanding

490M 0
Aug 08, 2022

10-Q filing | 488.4M shares outstanding

490M 0
May 09, 2022

10-Q filing | 488.0M shares outstanding

490M 0
Feb 28, 2022

10-K filing | 487.2M shares outstanding

490M 0
Nov 05, 2021

10-Q filing | 487.3M shares outstanding

490M 0
Aug 09, 2021

10-Q filing | 487.3M shares outstanding

490M 0
May 07, 2021

10-Q filing | 486.7M shares outstanding

490M 0
Mar 01, 2021

10-K filing | 441.4M shares outstanding

440M 0
Dec 17, 2020

8-K filing: Elanco Animal Health Incorporated announced the exercise in full of the underwriters' option to purchase an additional 8,175,000 shares of Elanco's common stock from Bayer World Investments B.V. at a price of $30.25 per share, less underwriting discounts, in connection with the previously announced underwritten public offering of 54,500,000 shares, which closed on December 3, 2020.

460M 0
Dec 03, 2020

8-K filing: Bayer sold 54,500,000 shares of Elanco's common stock at a price of $30.25 per share in a public offering that closed on December 3, 2020, with an option for underwriters to purchase an additional 8,175,000 shares.

460M 0
Nov 06, 2020

10-Q filing | 462.4M shares outstanding

460M 0
Jul 30, 2020

10-Q filing | 413.2M shares outstanding

410M 0
May 07, 2020

10-Q filing | 403.9M shares outstanding

400M 0
Feb 28, 2020

10-K filing | 370.3M shares outstanding

370M 0
Jan 27, 2020

8-K filing: Elanco Animal Health Incorporated sold 24,964,205 shares of its common stock at a public offering price of $32.00 per share and 11,000,000 of its 5.00% tangible equity units at a public offering price of $50.00 per Unit. ($550.0M proceeds)

N/A 0
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