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

HALOZYME THERAPEUTICS, INC. (HALO)

CIK 1159036 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGHS-3ASR on file 2017-02-28
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
LOW-14% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

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

2020-10-282026-07-31

Latest: 113.5M shares as of Jul 31, 2026 (10-Q). Share count fell from 127.3M to 12.8M between May 6, 2015 and Aug 6, 2015, a pattern consistent with a reverse split (roughly 1-for-10); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool · source filing →

Warrants

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
0.00 Convertible Senior Notes Due 2031$750.0M$736.4M$87.20%~8.6M sh
0.875 Convertible Senior Notes Due 2032$750.0M$735.8M$87.20.875%~8.6M sh
100 Convertible Senior Notes Due 2028$470.0M$465.5M$56.021%~8.4M sh
0.25 Convertible Senior Notes Due 2027$209.6M$209.0M$77.170.25%~2.7M sh

If every note above converted at its tagged price: ~28.3M new shares on 113.5M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Aug 6, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay 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 outstanding113.5MJul 31, 2026
+ 0.00 Convertible Senior Notes Due 2031 (if fully converted)8.6MJun 30, 2026
+ 0.875 Convertible Senior Notes Due 2032 (if fully converted)8.6MJun 30, 2026
+ 100 Convertible Senior Notes Due 2028 (if fully converted)8.4MJun 30, 2026
+ 0.25 Convertible Senior Notes Due 2027 (if fully converted)2.7MJun 30, 2026
Fully diluted estimate141.8M+24.9% 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

Last 12 months: 1 executed · 0 registered.

EXECUTEDNov 12, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDAug 18, 2022Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMar 1, 2021Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDNov 18, 2019Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 19, 2017Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDMay 18, 2017Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
REGISTEREDFeb 28, 2017Automatic shelf registration — effective immediately (large filers)S-3ASR
EXECUTEDFeb 5, 2014Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDFeb 3, 2014Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDFeb 10, 2012Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
REGISTEREDFeb 9, 2012Automatic shelf registration — effective immediately (large filers)S-3ASR
EXECUTEDFeb 9, 2012Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5

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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