What is INO's dilution risk score?

INO has a latest available DilutionScore record of 87/100, categorized as critical dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for INO, 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 INO?

DilutionWatch tracks 25 SEC filing types for INO 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 INO shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For INO, 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 INO tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for INO. 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.

INO Dilution Risk Score: 87/100 (CRITICAL)

Score Breakdown

📋 Offering Ability

💰 Cash Runway

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

⛈️

Warning

High probability of dilution event

model est. 54%

📜 Warrant Exercise model 60%

• Massive warrant overhang: 48% of shares outstanding

• Warrant risk score very high (90/100)

💰 Capital Raise model 53%

• Low cash runway: 4 months remaining

• Active ATM program with $18M remaining capacity

🔄 Reverse Split model est. 45%

• 50-day avg $1.29 approaching $1 threshold

• Only 4 months cash — financial pressure

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Market Data

Market Cap$114.25M

Shares Outstanding103.40M

Float81.93M

Cash$36.67M

Debt$62.76M

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	87/100	DilutionWatch score record
Shares Outstanding	103.40M	Verified float table or market cache
Public Float	81.93M	Verified float table or market cache
Market Cap	$114.25M	Market data cache
Cash Runway	3.9 months	DilutionWatch score inputs
Shelf Capacity	None in current score inputs	SEC-derived dilution fields
ATM Capacity	$17.50M	SEC-derived dilution fields
Outstanding Warrants	49.29M	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 8-K 1, SC 13G 2, SC 13G/A 2, XBRL 2.

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: ↑ 3.1% shares (2026Q1 vs prior)

101 institutional holders · 39.41M shares

#1 FMR LLC 9.34M shares

#2 JANUS HENDERSON GROUP PLC 6.62M shares

#3 VANGUARD CAPITAL MANAGEMENT LLC 5.80M 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 Interest20.82M

Days to Cover7.6

% of Float25.4%

FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-12

xbrl XBRL CONVERTIBLE 2024-03-06

SC 13G/A BENEFICIAL OWNERSHIP 2026-08-12

SC 13G BENEFICIAL OWNERSHIP 2026-08-07

SC 13G/A BENEFICIAL OWNERSHIP 2026-08-06

Full SEC filing analysis available with free account →

Recent News

Inovio Nears FDA Decision on INO-3107 as Oct. 30 PDUFA Date Looms MarketBeat · Sep 11, 2026

Inovio Pharmaceuticals Nears Oct. 30 FDA Decision for INO-3107 in RRP MarketBeat · Sep 10, 2026

INOVIO to Participate in Upcoming Investor Conferences PR Newswire · Sep 01, 2026

--Jefferies Upgrades Inovio Pharmaceuticals to Buy From Hold, Adjusts PT to $3 From $1.80 MT Newswires · Aug 13, 2026

Inovio Pharmaceuticals Inc (INO) (Q2 2026) Earnings Call Highlights: INO-3107 on Track for Yahoo Finance · Aug 13, 2026

Inovio Pharmaceuticals, Inc. Q2 2026 Earnings Call Summary Yahoo Finance · Aug 13, 2026

Inovio Pharmaceuticals Q2 Earnings Call Highlights Yahoo Finance · Aug 13, 2026

INOVIO Reports Second Quarter 2026 Financial Results and Recent Business Highlights Yahoo Finance · Aug 12, 2026

Factual INO Dilution Snapshot

Inovio Pharmaceuticals, Inc. (INO) has a DilutionScore of 87/100, rated Critical dilution risk. Score date: October 13, 2026.

Stored ATM program remaining capacity: $17.5M.
Stored outstanding warrants: 49.3M.
Recent SEC activity tracked for INO: SC 13G/A on 2026-08-12; xbrl on 2026-08-12; SC 13G on 2026-08-07.

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

INO's DilutionScore is currently 87/100 (Critical risk), with 4 score changes tracked over 89 days. The score improved from 77/100 (Critical risk).

Period	Score	Risk Level	Duration
Sep 28 – Oct 13, 2026	87/100	CRITICAL	16 days
Sep 13 – Sep 27, 2026	77/100	CRITICAL	15 days
Aug 22 – Sep 12, 2026	76/100	CRITICAL	22 days
Aug 14 – Aug 21, 2026	79/100	CRITICAL	7 days
Jul 16 – Aug 13, 2026	62/100	HIGH	29 days

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

Share Dilution History

INO shares outstanding have increased 19.8% from 68.70M (Mar 2026) to 82.27M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 15, 2026	82.27M	81.93M	▲ 19.08%
Apr 07, 2026	81.59M	68.81M	▲ 0.08%
Mar 14, 2026	68.70M	68.75M	▲ 28.97%

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

Track INO Dilution Risk in Real-Time

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