Janux Therapeutics, Inc. (JANX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 61.41% of current shares
Recent Dilution: 16.69% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
63M
Potential Supply
38M
Additional shares possible
Splits
None
Past 2 years

Summary

JANX currently has 62.7M outstanding shares. with significant dilution risk as 38.5M authorized shares could dilute existing holders by 61.4%. The company has diluted shareholders by 16.69% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 62.7M shares outstanding

63M 38M
Nov 06, 2025

10-Q filing | 62.0M shares outstanding

62M 38M
Aug 07, 2025

10-Q filing | 61.9M shares outstanding

62M 38M
May 08, 2025

10-Q filing | 61.8M shares outstanding

62M 38M
Feb 27, 2025

10-K filing | 53.8M shares outstanding

54M 38M
Nov 06, 2024

10-Q filing | 54.6M shares outstanding

55M 38M
Aug 07, 2024

10-Q filing | 54.5M shares outstanding

54M 38M
May 08, 2024

10-Q filing | 49.0M shares outstanding

49M 38M
Mar 08, 2024

10-K filing | 51.7M shares outstanding

52M 38M
Feb 29, 2024

8-K filing: Janux Therapeutics, Inc. announced an underwritten public offering of 4,440,851 shares of common stock at $46.50 per share and pre-funded warrants to purchase 1,935,483 shares at $46.499 per warrant, with an option for underwriters to purchase up to an additional 956,450 shares. ($296.5M proceeds)

46M 38M
Nov 07, 2023

10-Q filing | 45.7M shares outstanding

46M 38M
Aug 08, 2023

10-Q filing | 41.8M shares outstanding

42M 38M
May 09, 2023

10-Q filing | 41.8M shares outstanding

42M 38M
Mar 10, 2023

10-K filing | 41.5M shares outstanding

41M 38M
Nov 10, 2022

10-Q filing | 41.5M shares outstanding

42M 38M
Aug 09, 2022

10-Q filing | 41.4M shares outstanding

41M 38M
Aug 09, 2022

S-3 filing: The company may offer and sell up to $400,000,000 of any combination of shares of our common stock, shares of our preferred stock, debt securities and warrants to purchase any of such securities, in one or more offerings as described in this prospectus.

42M 38M
May 10, 2022

10-Q filing | 41.6M shares outstanding

42M 9.5M
Mar 18, 2022

10-K filing | 41.6M shares outstanding

42M 9.5M
Nov 09, 2021

10-Q filing | 41.6M shares outstanding

42M 9.5M
Aug 10, 2021

10-Q filing | 41.6M shares outstanding

42M 9.5M
Jun 07, 2021

S-1/A filing: Janux Therapeutics, Inc. is offering 9,500,000 shares of its common stock in an initial public offering. The expected initial public offering price is between $15.00 and $17.00 per share.

N/A 9.5M
May 19, 2021

S-1 filing: This is an S-1 filing for the initial public offering of common stock of Janux Therapeutics, Inc.

N/A 0
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