Tectonic Therapeutic, Inc. (TECX) - 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: 133.22% of current shares
Recent Dilution: 44.87% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
19M
Potential Supply
25M
Additional shares possible
Splits
None
Past 2 years

Summary

TECX currently has 18.8M outstanding shares. with significant dilution risk as 25M authorized shares could dilute existing holders by 133.2%. The company has significantly diluted shareholders by 44.87% 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

10-Q filing | 18.8M shares outstanding

19M 25M
Nov 06, 2025

10-Q filing | 18.7M shares outstanding

19M 25M
Aug 07, 2025

10-Q filing | 18.7M shares outstanding

19M 25M
Jul 07, 2025

POS AM filing: This prospectus relates to the proposed offer and resale of up to 3,689,465 shares of common stock by the selling stockholders of Tectonic Therapeutic, Inc.

19M 25M
Jul 07, 2025

S-3 filing: The company may offer and sell up to $400,000,000 of any combination of common stock, preferred stock, debt securities and warrants.

17M 27M
Jul 07, 2025

POS AM filing: This prospectus relates to the proposed offer and resale or other disposition from time to time by the selling stockholders identified in this prospectus of up to an aggregate of 2,969,583 shares of common stock, par value $0.0001 per share, of Tectonic Therapeutic, Inc.

19M 25M
May 08, 2025

10-Q filing | 17.2M shares outstanding

17M 30M
Mar 27, 2025

POS AM filing: This POS AM filing relates to the proposed offer and resale of up to 2,969,583 shares of common stock by selling stockholders.

19M 29M
Mar 26, 2025

S-1 filing: This S-1 filing relates to the proposed offer and resale of up to 3,689,465 shares of common stock by selling stockholders.

19M 32M
Mar 20, 2025

10-K filing | 18.7M shares outstanding

19M 28M
Nov 12, 2024

10-Q filing | 14.7M shares outstanding

15M 32M
Aug 14, 2024

10-Q filing | 14.7M shares outstanding

15M 32M
Jul 19, 2024

S-1 filing: This S-1 filing is for the resale of up to 2,969,583 shares of common stock by selling stockholders of Tectonic Therapeutic, Inc.

15M 32M
May 09, 2024

10-Q filing | 44.8M shares outstanding

45M 0
Mar 14, 2024

10-K filing | 44.6M shares outstanding

45M 0
Nov 09, 2023

10-Q filing | 44.5M shares outstanding

45M 0
Aug 10, 2023

10-Q filing | 43.7M shares outstanding

44M 78K
May 11, 2023

10-Q filing | 44.1M shares outstanding

44M 0
Mar 23, 2023

10-K filing | 44.1M shares outstanding

44M 0
Nov 08, 2022

10-Q filing | 43.8M shares outstanding

44M 0
Nov 08, 2022

S-3 filing: The company is filing an S-3 to register up to $250,000,000 of common stock, preferred stock, debt securities, warrants and/or units. A supplemental filing includes an offering of common stock having an aggregate offering price of up to $50,000,000.

44M 0
Aug 09, 2022

10-Q filing | 43.8M shares outstanding

44M 0
May 10, 2022

10-Q filing | 43.7M shares outstanding

44M 0
Mar 17, 2022

10-K filing | 43.7M shares outstanding

44M 0
Nov 04, 2021

10-Q filing | 43.7M shares outstanding

44M 0
Aug 05, 2021

10-Q filing | 43.6M shares outstanding

44M 0
May 13, 2021

10-Q filing | 41.8M shares outstanding

42M 0
Mar 18, 2021

10-K filing | 41.6M shares outstanding

42M 0
Nov 05, 2020

10-Q filing | 36.5M shares outstanding

36M 0
Aug 06, 2020

10-Q filing | 36.4M shares outstanding

36M 0
May 07, 2020

10-Q filing | 36.0M shares outstanding

36M 0
Mar 16, 2020

10-K filing | 36.0M shares outstanding

36M 0
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