What is BHVN's dilution risk score?

BHVN has a latest available DilutionScore record of 52/100, categorized as high dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for BHVN, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for BHVN?

DilutionWatch tracks 25 SEC filing types for BHVN including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect BHVN shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For BHVN, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for BHVN tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for BHVN. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

BHVN Dilution Risk Score: 52/100 (HIGH)

Score Breakdown

📋 Offering Ability

💰 Cash Runway

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

☀️

Clear

No significant dilution signals

model est. 7%

💰 Capital Raise model 15%

• Under 12 months cash (6mo)

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Market Data

Market Cap$1.78B

Shares Outstanding151.04M

Float124.00M

Cash$267.87M

Debt$286.18M

Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

Field	Current Value	Basis
DilutionScore	52/100	DilutionWatch score record
Shares Outstanding	151.04M	Verified float table or market cache
Public Float	124.00M	Verified float table or market cache
Market Cap	$1.78B	Market data cache
Cash Runway	6.5 months	DilutionWatch score inputs
Shelf Capacity	None in current score inputs	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	None in current score inputs	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 6.

Recent SEC source mix: 4 5, XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 37.7% shares (2026Q1 vs prior)

278 institutional holders · 176.27M shares

#1 JANUS HENDERSON GROUP PLC 35.07M shares

#2 BlackRock, Inc. 11.22M shares

#3 SUVRETTA CAPITAL MANAGEMENT, LLC 10.29M shares

+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest19.05M

Days to Cover6.4

% of Float15.4%

FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-03-02

4 INSIDER TRANSACTION 2026-03-19

4 INSIDER TRANSACTION 2026-03-03

Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual BHVN Dilution Snapshot

Biohaven Ltd. (BHVN) has a DilutionScore of 52/100, rated High dilution risk. Score date: October 13, 2026.

Recent SEC activity tracked for BHVN: 4 on 2026-03-19; 4 on 2026-03-03; 4 on 2026-03-03.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

BHVN's DilutionScore is currently 52/100 (High risk), with 1 score change tracked over 89 days. The score deteriorated from 54/100 (High risk).

Period	Score	Risk Level	Duration
Sep 30 – Oct 13, 2026	52/100	HIGH	14 days
Jul 16 – Sep 29, 2026	54/100	HIGH	75 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

BHVN shares outstanding have increased 13.5% from 132.69M (Mar 2026) to 150.56M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 09, 2026	150.56M	124.00M	▲ 0.02%
May 07, 2026	150.56M	123.97M	▲ 0.10%
Apr 21, 2026	150.42M	123.86M	▼ 0.02%
Mar 07, 2026	132.69M	123.89M	▲ 2.95%
Mar 05, 2026	132.69M	120.34M	▲ 13.29%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track BHVN Dilution Risk in Real-Time

DilutionWatch monitors SEC filings 24/7 and alerts you the moment BHVN files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.

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