Immunovant, Inc. (IMVT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 20, 2026

Risk Assessment Details

Potential Dilution: 34.67% of current shares
Recent Dilution: 36.72% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
210M
Potential Supply
71M
Additional shares possible
Splits
None
Past 2 years

Summary

IMVT currently has 205M outstanding shares. with moderate dilution risk from 71.2M authorized shares representing 34.7% potential dilution. The company has significantly diluted shareholders by 36.72% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 20, 2026

10-K filing | 205.3M shares outstanding

210M 71M
Nov 10, 2025

10-Q filing | 173.6M shares outstanding

170M 71M
Aug 11, 2025

10-Q filing | 170.9M shares outstanding

170M 71M
May 29, 2025

10-K filing | 170.9M shares outstanding

170M 71M
Feb 06, 2025

10-Q filing | 169.9M shares outstanding

170M 71M
Jan 13, 2025

8-K filing: Immunovant, Inc. entered into a share purchase agreement with institutional accredited investors to sell 22,500,000 shares of common stock at $20.00 per share, with gross proceeds expected to be approximately $450 million, in a private placement expected to close on or about January 15, 2025. ($450.0M proceeds)

150M 71M
Nov 07, 2024

10-Q filing | 146.5M shares outstanding

150M 71M
Aug 06, 2024

10-Q filing | 146.1M shares outstanding

150M 71M
May 29, 2024

10-K filing | 138.1M shares outstanding

140M 71M
Feb 12, 2024

10-Q filing | 144.5M shares outstanding

140M 71M
Nov 09, 2023

10-Q filing | 131.2M shares outstanding

130M 71M
Aug 10, 2023

10-Q filing | 130.5M shares outstanding

130M 71M
May 22, 2023

10-K filing | 123.1M shares outstanding

120M 71M
Feb 03, 2023

10-Q filing | 128.6M shares outstanding

130M 71M
Nov 04, 2022

10-Q filing | 116.6M shares outstanding

120M 71M
Aug 05, 2022

10-Q filing | 116.6M shares outstanding

120M 71M
Jun 08, 2022

10-K filing | 109.7M shares outstanding

110M 71M
Feb 04, 2022

10-Q filing | 115.0M shares outstanding

120M 71M
Nov 05, 2021

10-Q filing | 109.1M shares outstanding

110M 71M
Aug 09, 2021

10-Q filing | 115.0M shares outstanding

110M 71M
Aug 02, 2021

8-K filing: Immunovant, Inc. entered into a share purchase agreement with Roivant Sciences Ltd., where Immunovant agreed to issue and sell 17,021,276 shares of Immunovant common stock to Roivant at a price of $11.75 per share, resulting in gross proceeds of $200.0 million for Immunovant. ($200.0M proceeds)

98M 71M
Jun 01, 2021

10-K filing | 98.0M shares outstanding

98M 71M
Feb 16, 2021

10-Q filing | 98.0M shares outstanding

98M 71M
Jan 04, 2021

S-3 filing: The filing is an S-3 form for an at-the-market offering of common stock with an aggregate sale price of up to $150,000,000. The company intends to use the net proceeds from this offering to advance the development of their product candidate, IMVT-1401, and for working capital and general corporate purposes.

98M 71M
Nov 12, 2020

10-Q filing | 97.9M shares outstanding

98M 68M
Aug 31, 2020

S-1 filing: The company is offering 4,300,000 shares of common stock at a price of $35.00 per share.

82M 68M
Aug 12, 2020

10-Q filing | 81.8M shares outstanding

82M 44M
Jun 29, 2020

10-K filing | 81.8M shares outstanding

82M 44M
Apr 10, 2020

S-1 filing: Health Sciences Acquisitions Corporation proposes an initial public offering of 10,000,000 units at $10.00 per unit, and a private placement of 10,000,000 warrants at $0.50 per warrant. IMVT is offering 6,500,000 shares of common stock.

55M 44M
Apr 08, 2020

S-1/A filing: The selling stockholders may offer and sell from time to time up to 11,389,969 shares of our common stock, and up to 5,750,000 shares of common stock that are issuable upon the exercise of outstanding warrants.

55M 17M
Apr 03, 2020

S-1/A filing: The selling stockholders may offer and sell from time to time up to 11,389,969 shares of our common stock and up to 5,750,000 shares of common stock that are issuable by us upon the exercise of outstanding warrants that were previously registered.

55M 17M
Feb 28, 2020

S-1/A filing: The selling stockholders may offer and sell from time to time up to 11,389,969 shares of our common stock, and this prospectus relates to the offer and sale of up to 5,750,000 shares of common stock that are issuable by us upon the exercise of outstanding warrants that were previously registered.

55M 17M
Feb 14, 2020

10-Q filing | 54.7M shares outstanding

55M 72M
Jan 17, 2020

S-1 filing: The selling stockholders may offer and sell from time to time up to 66,342,874 shares of common stock, and this prospectus relates to the offer and sale of up to 5,750,000 shares of common stock that are issuable upon the exercise of outstanding warrants.

N/A 72M
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