Kyverna Therapeutics, Inc. (KYTX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 143.88% of current shares
Recent Dilution: 39.85% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
60M
Potential Supply
87M
Additional shares possible
Splits
None
Past 2 years

Summary

KYTX currently has 60.4M outstanding shares. with significant dilution risk as 87M authorized shares could dilute existing holders by 143.9%. The company has significantly diluted shareholders by 39.85% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 60.4M shares outstanding

60M 87M
Mar 26, 2026

10-K filing | 60.4M shares outstanding

60M 36M
Mar 26, 2026

S-3 filing: Kyverna Therapeutics, Inc. files an S-3 registration statement for the potential offering of common stock, preferred stock, debt securities, warrants, rights, units, and depositary shares, with an aggregate initial offering price not to exceed $300,000,000.

60M 87M
Nov 12, 2025

10-Q filing | 43.4M shares outstanding

43M 36M
Aug 12, 2025

10-Q filing | 43.2M shares outstanding

43M 36M
May 13, 2025

10-Q filing | 43.2M shares outstanding

43M 36M
Mar 27, 2025

10-K filing | 43.2M shares outstanding

43M 36M
Mar 27, 2025

S-3 filing: Kyverna Therapeutics, Inc. files an S-3 to offer common stock, preferred stock, debt securities, warrants, rights, units, and depositary shares, with a total offering price not exceeding $250,000,000; also offering up to $50,000,000 of shares of common stock through an at the market offering.

43M 36M
Nov 13, 2024

10-Q filing | 43.2M shares outstanding

43M 15M
Aug 12, 2024

10-Q filing | 43.1M shares outstanding

43M 15M
May 14, 2024

10-Q filing | 43.1M shares outstanding

43M 15M
Feb 06, 2024

S-1/A filing: S-1/A filing for an offering of common stock.

26M 15M
Feb 01, 2024

S-1/A filing: This S-1/A filing includes information about a potential offering of common stock, with 11,120,000 shares being sold by the company. It also mentions the shares outstanding and discusses potential sales of shares by existing stockholders.

37M 11M
Jan 16, 2024

S-1 filing: This is an S-1 filing for an offering of common stock underwritten by J.P. Morgan, Morgan Stanley, Leerink Partners and Wells Fargo Securities. The filing mentions the conversion of preferred stock to common stock and includes a lock-up agreement for existing stockholders.

120M 0
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