ZYNEX INC (ZYXI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: March 26, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 213.64% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
1M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

ZYXI currently has 1M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 213.64% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 26, 2026

8-K filing: The company issued 1,000 shares of common stock to Altivera Medical Holdings LLC, the Plan Sponsor, in connection with its emergence from Chapter 11.

1M 0
Mar 13, 2026

RW filing: This is an RW filing for Zynex, Inc. requesting the withdrawal of a Registration Statement on Form S-3 (File No. 333-286780) due to the company's Chapter 11 bankruptcy filing.

30M 1.6M
Nov 17, 2025

10-Q filing | 30.3M shares outstanding

30M 41M
Apr 29, 2025

10-Q filing | 31.6M shares outstanding

32M 40M
Apr 25, 2025

S-3 filing: Zynex Inc. files an S-3 to offer common stock, preferred stock, warrants, rights, or a combination of these securities, or units, for an aggregate initial offering price of up to $100,000,000.

100M 0
Mar 17, 2025

8-K filing: On March 13, 2025, Zynex, Inc. purchased 1,700,000 shares of the Company's common stock from Thomas Sandgaard at a price of $2.905 per share.

32M 0
Mar 11, 2025

10-K filing | 31.9M shares outstanding

32M 0
Oct 24, 2024

10-Q filing | 31.8M shares outstanding

32M 0
Jul 25, 2024

10-Q filing | 31.8M shares outstanding

32M 0
Apr 30, 2024

10-Q filing | 32.3M shares outstanding

32M 0
Mar 12, 2024

10-K filing | 32.2M shares outstanding

32M 0
Oct 26, 2023

10-Q filing | 35.5M shares outstanding

36M 0
Jul 31, 2023

8-K filing: Zynex, Inc. amended its Stock Purchase Agreement with Kestrel Labs, Inc. to release the Escrow Fund in its entirety to the Selling Shareholders.

36M 0
Jul 27, 2023

10-Q filing | 36.4M shares outstanding

36M 0
Jun 14, 2023

8-K filing: Zynex, Inc. authorized a share repurchase plan for up to $10.0 million of the Company's common stock and purchased 300,000 shares from Thomas Sandgaard at $8.62 per share.

37M 0
May 11, 2023

8-K filing: Zynex, Inc. purchased 300,000 shares of its common stock from Thomas Sandgaard, Chairman, President and Chief Executive Officer, at a price of $9.61 per share. ($2.88M proceeds)

37M 0
May 09, 2023

8-K filing: Zynex, Inc. priced a private offering of $52,500,000 in aggregate principal amount of its 5.00% Convertible Senior Notes due 2026, with the initial purchaser exercising their option to purchase additional Notes in full, bringing the total aggregate principal amount of the Notes to $60,000,000.

37M 0
Apr 27, 2023

10-Q filing | 36.7M shares outstanding

37M 0
Mar 14, 2023

10-K filing | 38.5M shares outstanding

38M 0
Oct 27, 2022

10-Q filing | 38.0M shares outstanding

38M 0
Jul 28, 2022

10-Q filing | 38.9M shares outstanding

39M 0
Apr 28, 2022

10-Q filing | 39.8M shares outstanding

40M 0
Mar 22, 2022

10-K filing | 39.2M shares outstanding

39M 0
Dec 23, 2021

8-K filing: Zynex, Inc. entered into a Stock Purchase Agreement to acquire Kestrel Labs, Inc. by exchanging $16.0 million cash and 1,334,350 shares of Zynex's common stock to Kestrel's shareholders.

35M 0
Nov 02, 2021

10-Q filing | 34.8M shares outstanding

35M 0
Jul 29, 2021

10-Q filing | 34.8M shares outstanding

35M 0
Apr 29, 2021

10-Q filing | 34.8M shares outstanding

35M 0
Feb 25, 2021

10-K filing | 34.9M shares outstanding

35M 0
Dec 07, 2020

8-K filing: Thomas Sandgaard, CEO and Chairman of Zynex, Inc., adopted a written sales plan on December 3, 2020, to sell up to 400,000 shares of the Company's common stock, starting December 15, 2020, and ending May 1, 2021, at minimum prices ranging from $26.10 to $33.10.

34M 0
Oct 27, 2020

10-Q filing | 34.5M shares outstanding

34M 0
Jul 28, 2020

10-Q filing | 34.5M shares outstanding

34M 0
Jul 17, 2020

8-K filing: Zynex, Inc. entered into an Underwriting Agreement for a public offering of 1,250,000 primary shares of common stock at $22.00 per share, with net proceeds to the Company of approximately $25.2 million. ($27.5M proceeds)

34M 0
May 05, 2020

8-K filing: Thomas Sandgaard, CEO of Zynex, Inc., adopted a Rule 10b5-1 sales plan to sell up to 500,000 shares of the company's common stock between June 1, 2020, and May 1, 2021, at prices ranging from $30.10 to $50.10.

34M 0
Apr 28, 2020

10-Q filing | 33.7M shares outstanding

34M 0
Feb 27, 2020

10-K filing | 32.5M shares outstanding

33M 0
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