INOVIO PHARMACEUTICALS, INC. (INO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 60.92% of current shares
Recent Dilution: 137.08% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
82M
Potential Supply
50M
Additional shares possible
Splits
None
Past 2 years

Summary

INO currently has 82.3M outstanding shares. with significant dilution risk as 50.1M authorized shares could dilute existing holders by 60.9%. The company has significantly diluted shareholders by 137.08% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 82.3M shares outstanding

82M 50M
Mar 12, 2026

10-K filing | 69.1M shares outstanding

69M 50M
May 13, 2025

10-Q filing | 38.6M shares outstanding

39M 50M
Mar 18, 2025

10-K filing | 36.7M shares outstanding

37M 50M
Nov 14, 2024

10-Q filing | 28.1M shares outstanding

28M 50M
Aug 08, 2024

10-Q filing | 27.2M shares outstanding

27M 50M
May 13, 2024

10-Q filing | 25.9M shares outstanding

26M 50M
Mar 06, 2024

10-K filing | 22.2M shares outstanding

22M 50M
Jan 26, 2024

S-3/A filing: This S-3/A filing from Inovio Pharmaceuticals, Inc. registers debt securities, common stock, preferred stock, warrants, and unallocated shelf offerings.

260M 50M
Nov 09, 2023

10-Q filing | 268.6M shares outstanding

270M 50M
Nov 09, 2023

S-3 filing: The company intends to offer and sell up to $300,000,000 of any combination of common stock, preferred stock and debt securities from time to time.

260M 50M
Aug 09, 2023

10-Q filing | 264.4M shares outstanding

260M 50M
May 10, 2023

10-Q filing | 258.4M shares outstanding

260M 50M
Mar 01, 2023

POS AM filing: The filing is a POS AM for an at-the-market offering of common stock with a proposed amount of $300,000,000.

250M 50M
Mar 01, 2023

10-K filing | 238.6M shares outstanding

240M 50M
Nov 08, 2022

10-Q filing | 249.4M shares outstanding

250M 50M
Aug 09, 2022

10-Q filing | 235.3M shares outstanding

240M 50M
May 10, 2022

10-Q filing | 218.9M shares outstanding

220M 50M
Mar 01, 2022

10-K filing | 208.8M shares outstanding

210M 50M
Nov 09, 2021

10-Q filing | 210.3M shares outstanding

210M 50M
Aug 09, 2021

10-Q filing | 209.6M shares outstanding

210M 50M
May 10, 2021

10-Q filing | 209.4M shares outstanding

210M 50M
Mar 01, 2021

10-K filing | 207.6M shares outstanding

210M 50M
Nov 09, 2020

10-Q filing | 165.4M shares outstanding

170M 50M
Aug 10, 2020

10-Q filing | 167.5M shares outstanding

170M 50M
May 11, 2020

10-Q filing | 158.1M shares outstanding

160M 50M
Mar 13, 2020

S-3 filing: The filing is an S-3 registration statement for a shelf offering of up to $400,000,000 of common stock, preferred stock, and/or debt securities.

150M 50M
Mar 12, 2020

10-K filing | 145.8M shares outstanding

150M 8M
Jan 31, 2020

S-3 filing: This S-3 filing registers the resale of up to 8,014,201 shares of common stock issuable upon conversion of convertible bonds sold to selling stockholders.

N/A 8M
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