Jade Biosciences, Inc. (JBIO) - 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: 121.5% of current shares
Recent Dilution: 110.09% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
49M
Potential Supply
60M
Additional shares possible
Splits
None
Past 2 years

Summary

JBIO currently has 49.3M outstanding shares. with significant dilution risk as 60M authorized shares could dilute existing holders by 121.5%. The company has significantly diluted shareholders by 110.09% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

S-3 filing: This S-3 filing registers the resale of up to 39,542,339 shares of common stock by selling stockholders, including shares issued in private placements, shares issuable upon exercise of warrants, and shares issuable upon conversion of Series A Preferred Stock.

49M 60M
May 07, 2026

10-Q filing | 49.4M shares outstanding

49M 20M
Dec 22, 2025

S-1 filing: This S-1 filing registers shares of common stock for resale by a selling stockholder, as part of a registration rights agreement.

33M 20M
Nov 14, 2025

10-Q filing | 46.0M shares outstanding

46M 1.1M
Nov 14, 2025

S-1 filing: This is an S-1 filing registering resale shares for selling stockholders, including PIPE shares, shares from pre-funded warrants, and existing common stock.

33M 17M
Aug 13, 2025

10-Q filing | 32.6M shares outstanding

33M 1.1M
Apr 25, 2025

10-Q filing | 29.0M shares outstanding

29M 1.1M
Mar 27, 2025

10-K filing | 28.6M shares outstanding

29M 1.1M
Nov 12, 2024

10-Q filing | 28.9M shares outstanding

29M 1.1M
Aug 12, 2024

10-Q filing | 28.8M shares outstanding

29M 1.1M
Jun 10, 2024

S-3 filing: Aerovate Therapeutics, Inc. is filing a Form S-3 registration statement to register an offering of up to $350,000,000 in aggregate principal amount of common stock, preferred stock, debt securities, warrants and/or units.

28M 1.1M
May 13, 2024

10-Q filing | 27.8M shares outstanding

28M 1.1M
Mar 25, 2024

10-K filing | 26.3M shares outstanding

26M 1.1M
Nov 13, 2023

10-Q filing | 27.6M shares outstanding

28M 1.1M
Aug 14, 2023

10-Q filing | 25.2M shares outstanding

25M 1.1M
May 15, 2023

10-Q filing | 24.8M shares outstanding

25M 1.1M
Mar 29, 2023

10-K filing | 24.5M shares outstanding

24M 1.1M
Nov 14, 2022

10-Q filing | 24.5M shares outstanding

24M 1.1M
Aug 15, 2022

10-Q filing | 24.4M shares outstanding

24M 1.1M
Aug 15, 2022

S-3 filing: Aerovate Therapeutics, Inc. files an S-3 to offer up to $300,000,000 in aggregate principal amount of common stock, preferred stock, debt securities, warrants and/or units. The common stock is traded on The Nasdaq Global Market under the symbol "AVTE."

24M 1.1M
May 16, 2022

10-Q filing | 24.4M shares outstanding

24M 1.1M
Mar 30, 2022

10-K filing | 24.4M shares outstanding

24M 1.1M
Nov 15, 2021

10-Q filing | 24.4M shares outstanding

24M 1.1M
Aug 16, 2021

10-Q filing | 0.2M shares outstanding

240K 1.1M
Jun 25, 2021

S-1/A filing: S-1/A filing includes the aggregate offering price of 1,072,500 additional shares that the underwriters have the option to purchase.

14M 1.1M
Jun 24, 2021

S-1/A filing: This S-1/A filing relates to the gain on sale, exchange, or other taxable disposition of shares of our common stock, detailing the offering of 7,150,000 shares, with an option for underwriters to purchase an additional 1,072,500 shares, and outlines the company's intended use of proceeds.

14M 22M
Jun 17, 2021

S-1/A filing: This S-1/A filing describes the grant of employee stock options to purchase common stock.

N/A 0
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