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

OPKO HEALTH, INC. (OPK)

CIK 944809 · 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
HIGHS-3ASR on file 2019-01-29
= 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
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
LOW-3% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
MEDIUM~20.2 months of runway
= 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

2020-10-202026-07-17

Latest: 746.3M shares as of Jul 17, 2026 (10-Q).

Cash runway

Funded — but tight

~20 months of cash · watch

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 1.0M underlying shares, as reported Aug 31, 2011 (10-Q).

Rough fully diluted estimate: 747.3M = 746.3M O/S + 1.0M 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

NotePrincipalCarryingConv. priceRateIf converted
the 2029 Convertible Notes 1$230.0M$1.153.75%~200.0M sh
the 2029 Convertible 144 A Notesnot tagged$121.4Mnot tagged
the 2029 Convertible Notesnot tagged$89.8Mnot tagged
the 2029 Convertible Affiliate Notes$71.1Mnot tagged3.75%
the 2023 Convertible Notes$55.0Mnot tagged

If every note above converted at its tagged price: ~200.0M new shares on 746.3M 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 Jul 27, 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 outstanding746.3MJul 17, 2026
+ Warrants (aggregate, as tagged) (if exercised)1.0MAug 31, 2011
+ the 2029 Convertible Notes 1 (if fully converted)200.0MJan 9, 2024
Fully diluted estimate947.3M+26.9% 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: 0 executed · 0 registered.

EXECUTEDApr 1, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMar 28, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJan 9, 2024Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDFeb 10, 2023Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 13, 2022Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 21, 2021Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 7, 2021Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDOct 25, 2019Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDOct 24, 2019Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDOct 22, 2019Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDFeb 7, 2019Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDFeb 6, 2019Prospectus supplement priced — shares or notes (large filers: often a bond deal)424B2

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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