Replimune Group, Inc. (REPL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: November 06, 2025

Risk Assessment Details

Potential Dilution: 23.96% of current shares
Recent Dilution: 33.26% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
78M
Potential Supply
19M
Additional shares possible
Splits
None
Past 2 years

Summary

REPL currently has 78.4M outstanding shares. with moderate dilution risk from 18.8M authorized shares representing 24.0% potential dilution. The company has significantly diluted shareholders by 33.26% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 06, 2025

S-3/A filing: The company is filing an S-3/A to offer and sell up to $250 million in the aggregate of shares of common stock, preferred stock, warrants and debt securities, as well as units that include any combination of the foregoing securities.

78M 19M
Nov 06, 2025

10-Q filing | 78.4M shares outstanding

78M 19M
May 23, 2025

S-3 filing: This S-3 filing registers 25,103,489 shares of common stock for resale by selling stockholders.

81M 17M
May 23, 2025

S-3 filing: The company intends to offer and sell up to $250 million in the aggregate of shares of our common stock, shares of preferred stock, warrants and debt securities, as well as units that include any combination of the foregoing securities.

77M 20M
May 22, 2025

10-K filing | 80.6M shares outstanding

81M 0
Feb 12, 2025

10-Q filing | 83.5M shares outstanding

83M 0
Nov 27, 2024

8-K filing: Replimune Group, Inc. completed an offering of 6,923,000 shares of common stock and pre-funded warrants to purchase 3,846,184 shares, with the underwriter exercising their option to purchase an additional 1,615,377 shares, at a price of $13.00 per share and $12.9999 per pre-funded warrant, estimating net proceeds of $155.8 million.

68M 0
Nov 12, 2024

10-Q filing | 68.4M shares outstanding

68M 0
Aug 08, 2024

S-3 filing: Replimune Group, Inc. files an S-3 to register the resale of up to 11,338,515 shares of common stock by selling stockholders.

67M 0
Aug 08, 2024

10-Q filing | 69.2M shares outstanding

69M 0
Jun 13, 2024

8-K filing: Replimune Group, Inc. entered into a securities purchase agreement for a private placement of shares of common stock and pre-funded warrants with certain institutional and accredited investors, expected to close on June 14, 2024. ($99.99M proceeds)

67M 0
May 16, 2024

POS AM filing: This POS AM filing relates to the potential offering and sale of up to $250 million in the aggregate of shares of common stock, preferred stock, warrants, debt securities, and units, as well as an at the market offering of common stock with an aggregate offering price of up to $100 million.

61M 0
May 16, 2024

10-K filing | 66.6M shares outstanding

67M 0
Feb 08, 2024

10-Q filing | 66.6M shares outstanding

67M 0
Nov 07, 2023

10-Q filing | 59.1M shares outstanding

59M 0
Aug 03, 2023

10-Q filing | 59.0M shares outstanding

59M 0
May 18, 2023

10-K filing | 58.2M shares outstanding

58M 0
Feb 09, 2023

10-Q filing | 57.9M shares outstanding

58M 0
Dec 12, 2022

8-K filing: Replimune Group, Inc. completed an offering of 5,374,486 shares of common stock and pre-funded warrants to purchase 4,200,000 shares, with the underwriters exercising their option to purchase an additional 1,436,172 shares, resulting in estimated net proceeds of $242.6 million.

50M 0
Nov 03, 2022

10-Q filing | 49.7M shares outstanding

50M 0
Aug 04, 2022

10-Q filing | 54.2M shares outstanding

54M 0
Jun 23, 2022

S-3 filing: The company is filing a shelf registration statement to offer and sell shares of common stock, shares of preferred stock, warrants and debt securities, as well as units that include any combination of the foregoing securities, with an aggregate offering price of up to $400 million.

47M 1.8M
May 19, 2022

10-K filing | 52.2M shares outstanding

52M 0
Feb 03, 2022

10-Q filing | 47.2M shares outstanding

47M 0
Nov 04, 2021

10-Q filing | 46.9M shares outstanding

47M 0
Aug 06, 2021

10-Q filing | 46.8M shares outstanding

47M 0
May 20, 2021

10-K filing | 46.6M shares outstanding

47M 0
Feb 04, 2021

10-Q filing | 46.5M shares outstanding

46M 0
Nov 05, 2020

10-Q filing | 46.0M shares outstanding

46M 0
Oct 23, 2020

8-K filing: Replimune Group, Inc. completed an offering of 4,687,500 shares of common stock and pre-funded warrants to purchase 1,562,500 shares, with underwriters exercising their option to purchase an additional 937,500 shares at $40.00 per share, resulting in estimated net proceeds of $270.0 million. ($262.5M proceeds)

40M 3.1M
Aug 11, 2020

S-3 filing: The filing is an S-3 form for a shelf offering of common stock, preferred stock, warrants, debt securities, and units up to an aggregate offering price of $350,000,000, and also details an at-the-market offering of common stock up to $75,000,000.

40M 3.1M
Aug 07, 2020

10-Q filing | 40.3M shares outstanding

40M 0
Jul 01, 2020

8-K filing: Replimune Group, Inc. issued and sold an additional 652,173 shares of its common stock to the underwriters for $23.00 per share, representing the full exercise of the underwriters' option. The company also issued and sold an aggregate of 3,478,261 shares of its common stock and pre-funded warrants to purchase 1,521,738 shares, resulting in approximately $115.0 million in gross proceeds. ($115.0M proceeds)

37M 0
Jun 10, 2020

8-K filing: Replimune Group, Inc. entered into an underwriting agreement for the issuance and sale of 2,826,088 shares of common stock and pre-funded warrants to purchase 1,521,738 shares of common stock at a public offering price of $23.00 per share and $22.9999 per pre-funded warrant, respectively, with estimated net proceeds of approximately $93.7 million.

37M 0
Jun 08, 2020

8-K filing: Replimune Group, Inc. amended its Sales Agreement with SVB Leerink LLC to reduce the aggregate offering amount of its ATM Offering from $75,000,000 to $30,000,000, which includes approximately 287,559 shares of common stock already sold for gross proceeds of approximately $4.6 million. ($4.6M proceeds)

37M 0
Jun 03, 2020

10-K filing | 36.8M shares outstanding

37M 0
Feb 13, 2020

10-Q filing | 36.6M shares outstanding

37M 0
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