Tarsus Pharmaceuticals, Inc. (TARS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 14.49% of current shares
Recent Dilution: 15.17% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
43M
Potential Supply
6.2M
Additional shares possible
Splits
None
Past 2 years

Summary

TARS currently has 43M outstanding shares. with limited dilution risk as only 6.22M additional shares (14.5%) are authorized for issuance. The company has diluted shareholders by 15.17% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 43.0M shares outstanding

43M 6.2M
Nov 04, 2025

10-Q filing | 42.6M shares outstanding

43M 6.2M
Aug 06, 2025

10-Q filing | 42.4M shares outstanding

42M 6.2M
May 01, 2025

10-Q filing | 39.3M shares outstanding

39M 6.2M
Mar 18, 2025

8-K filing: Tarsus Pharmaceuticals, Inc. completed the sale and issuance of 3,230,336 shares of common stock at $44.50 per share, including the exercise in full of the Underwriters' option, receiving net proceeds of approximately $134.8 million. ($134.8M proceeds)

38M 6.2M
Feb 25, 2025

10-K filing | 37.6M shares outstanding

38M 6.2M
Nov 13, 2024

10-Q filing | 38.4M shares outstanding

38M 6.2M
Aug 08, 2024

10-Q filing | 37.8M shares outstanding

38M 6.2M
May 08, 2024

10-Q filing | 35.3M shares outstanding

35M 6.2M
Mar 05, 2024

8-K filing: Tarsus Pharmaceuticals, Inc. completed the sale and issuance of 3,281,250 shares of common stock and pre-funded warrants to purchase 312,500 shares of common stock for net proceeds of approximately $107.8 million. ($107.8M proceeds)

34M 6.2M
Feb 27, 2024

10-K filing | 34.2M shares outstanding

34M 6.2M
Nov 09, 2023

10-Q filing | 30.6M shares outstanding

31M 6.2M
Nov 09, 2023

S-3 filing: The company intends to offer and sell up to $300 million in the aggregate of common stock, preferred stock, and debt securities from time to time.

33M 6.2M
Aug 10, 2023

10-Q filing | 32.6M shares outstanding

33M 0
May 09, 2023

10-Q filing | 26.7M shares outstanding

27M 0
Mar 17, 2023

10-K filing | 24.6M shares outstanding

25M 0
Nov 09, 2022

10-Q filing | 26.7M shares outstanding

27M 0
Aug 11, 2022

10-Q filing | 24.3M shares outstanding

24M 0
May 11, 2022

10-Q filing | 20.7M shares outstanding

21M 0
Mar 14, 2022

10-K filing | 20.6M shares outstanding

21M 0
Nov 10, 2021

10-Q filing | 20.6M shares outstanding

21M 0
Nov 01, 2021

S-3 filing: The company is filing an S-3 to offer and sell up to $300 million of common stock, preferred stock, and debt securities from time to time.

21M 0
Aug 05, 2021

10-Q filing | 20.6M shares outstanding

21M 0
May 11, 2021

10-Q filing | 20.3M shares outstanding

20M 0
Mar 31, 2021

10-K filing | 20.5M shares outstanding

21M 0
Nov 25, 2020

10-Q filing | 20.3M shares outstanding

20M 0
Oct 09, 2020

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

N/A 0
Sep 25, 2020

S-1 filing: This is an S-1 filing for an initial public offering of common stock by Tarsus Pharmaceuticals, Inc.

N/A 0
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