Dilution profile // every instrument, one screen, from SEC filings

CytomX Therapeutics, Inc. (CTMX)

CIK 1501989 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$250M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
LOWwarrants = 0% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
HIGH+226% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
HIGH~2.7 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2020-07-312026-07-31

Latest: 217.9M shares as of Jul 31, 2026 (10-Q).

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Tranche One Warrant5.8M$2.73
Tranche Two Warrant5.8M$3.77
Pre Funded Warrant1.2M$0.00001

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 6, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 81,620 underlying shares, as reported Sep 30, 2015 (10-Q).

Reported exercise price: $3.084396 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 218.0M = 217.9M O/S + 81,620 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 6, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding217.9MJul 31, 2026
+ Tranche One Warrant (if exercised)5.8MJul 31, 2023
+ Tranche Two Warrant (if exercised)5.8MJun 30, 2026
+ Pre Funded Warrant (if exercised)1.2MJun 30, 2026
Fully diluted estimate230.6M+5.8% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $250.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3ASRMar 16, 2026fee exhibit found but no total offering amount (fees deferred, typical for automatic shelves)filing →
S-3Aug 7, 2025$250.0M registeredfiling →
S-3Aug 9, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 2 executed · 1 registered.

EXECUTEDMar 18, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
REGISTEREDMar 16, 2026Automatic shelf registration — effective immediately (large filers)S-3ASR
EXECUTEDMar 16, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EFFECTIVEAug 18, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDAug 7, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDMay 12, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EFFECTIVEAug 19, 2024SEC declared a registration effective — selling can beginEFFECT
REGISTEREDAug 9, 2024S-3 registration — capacity to sell shares, not a sale yetS-3
UPDATEAug 28, 2023Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEAug 25, 2023SEC declared a registration effective — selling can beginEFFECT
REGISTEREDAug 16, 2023S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDJul 3, 2023Unregistered share sale disclosed (8-K item 3.02)8-K

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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