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

Lumentum Holdings Inc. (LITE)

CIK 1633978 · all EDGAR filings →

Overall dilution risk
LOWworst 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
LOWno live registration found
= is there a registration (S-1/S-3 family) on file without a later withdrawal
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+13% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOWoperating cash flow positive
= 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

2020-08-182026-04-30

Latest: 77.8M shares as of Apr 30, 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

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
Convertible Senior Notes Due 2032$1.26B$1.26B$187.770.375%~6.7M sh
Convertible Senior Notes Due 2028$861.0M$858.5M$131.030.5%~6.6M sh
Convertible Senior Notes Due 2029$603.7M$600.9M$69.541.5%~8.7M sh
Convertible Senior Notes Due 2026$468.7M$468.3M$99.290.5%~4.7M sh

If every note above converted at its tagged price: ~26.7M new shares on 77.8M 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 May 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 outstanding77.8MApr 30, 2026
+ Convertible Senior Notes Due 2032 (if fully converted)6.7MMar 28, 2026
+ Convertible Senior Notes Due 2028 (if fully converted)6.6MMar 28, 2026
+ Convertible Senior Notes Due 2029 (if fully converted)8.7MMar 28, 2026
+ Convertible Senior Notes Due 2026 (if fully converted)4.7MMar 28, 2026
Fully diluted estimate104.5M+34.3% 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: 4 executed · 0 registered.

EXECUTEDJun 1, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDApr 8, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMar 2, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDSep 8, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJun 16, 2023Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMar 8, 2022Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDDec 12, 2019Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDNov 13, 2018Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEJun 1, 2018Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEMay 31, 2018SEC declared a registration effective — selling can beginEFFECT
EXECUTEDMar 8, 2017Unregistered 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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