AVITA Medical, Inc. (RCEL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 188.26% of current shares
Recent Dilution: 18.01% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
31M
Potential Supply
57M
Additional shares possible
Splits
None
Past 2 years

Summary

RCEL currently has 30.5M outstanding shares. with significant dilution risk as 57.5M authorized shares could dilute existing holders by 188.3%. The company has diluted shareholders by 18.01% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 30.5M shares outstanding

31M 57M
Mar 31, 2026

S-3 filing: AVITA MEDICAL, INC. is filing an S-3 form to register common stock, preferred stock, warrants, and units for an aggregate initial offering price not to exceed $200,000,000.

28M 60M
Jan 13, 2026

8-K filing: AVITA Medical, Inc. entered into a Credit Agreement and Guaranty for a five-year senior secured credit facility, and will issue a warrant to purchase up to an initial 500,000 shares of common stock, with an additional 150,000 shares if the Additional Commitment Amount is incurred.

28M 4.5M
Nov 06, 2025

10-Q filing | 28.4M shares outstanding

28M 4.5M
Aug 07, 2025

8-K filing: AVITA Medical, Inc. agreed to a fifth amendment to the Credit Agreement with OrbiMed Advisors, LLC, issuing 400,000 shares of common stock to the Lenders as a condition of the amendment.

26M 6.7M
May 08, 2025

10-Q filing | 26.3M shares outstanding

26M 6.7M
Feb 13, 2025

10-K filing | 25.9M shares outstanding

26M 7.1M
Feb 13, 2025

8-K filing: AVITA Medical, Inc. entered into a fourth amendment to the Credit Agreement with affiliates of OrbiMed Advisors, LLC, modifying financial covenants and issuing warrants to purchase up to 145,180 shares of common stock at an exercise price of $0.01 per share.

26M 7M
Nov 07, 2024

10-Q filing | 26.0M shares outstanding

26M 7M
Aug 08, 2024

10-Q filing | 25.8M shares outstanding

26M 7.2M
May 13, 2024

10-Q filing | 25.6M shares outstanding

26M 7.3M
Feb 22, 2024

10-K filing | 25.3M shares outstanding

25M 7.6M
Nov 09, 2023

10-Q filing | 25.4M shares outstanding

25M 7.5M
Oct 18, 2023

8-K filing: AVITA Medical, Inc. entered into a Credit Agreement for a $90 million senior secured credit facility and issued a warrant to purchase up to 409,661 shares of common stock to an affiliate of OrbiMed.

25M 7.7M
Aug 10, 2023

10-Q filing | 25.2M shares outstanding

25M 7.7M
May 11, 2023

10-Q filing | 25.2M shares outstanding

25M 7.7M
Apr 14, 2023

S-3 filing: AVITA MEDICAL, INC. is offering common stock, preferred stock, warrants and units, with an aggregate initial offering price not to exceed $200,000,000.

25M 7.9M
Feb 23, 2023

10-K filing | 25.0M shares outstanding

25M 0
Nov 10, 2022

10-Q filing | 25.0M shares outstanding

25M 0
Aug 11, 2022

10-Q filing | 25.0M shares outstanding

25M 0
May 12, 2022

10-Q filing | 24.9M shares outstanding

25M 0
Nov 08, 2021

10-Q filing | 24.9M shares outstanding

25M 0
Aug 26, 2021

10-K filing | 22.7M shares outstanding

23M 0
May 13, 2021

10-Q filing | 24.8M shares outstanding

25M 0
Feb 16, 2021

10-Q filing | 21.6M shares outstanding

22M 0
Nov 10, 2020

10-Q filing | 21.5M shares outstanding

22M 0
Oct 09, 2020

S-3 filing: AVITA Therapeutics, Inc. may offer and sell common stock, preferred stock, warrants, and units up to an aggregate initial offering price of $200,000,000.

20M 0
Aug 27, 2020

10-K filing | 20.3M shares outstanding

20M 0
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