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43 /100
MEDIUM RISK
Score updated Oct 13, 2026

ORKA — Oruka Therapeutics, Inc. Dilution Risk Tracker

Track ORKA dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Oruka Therapeutics, Inc. (ORKA) has a DilutionWatch DilutionScore of 43/100, rated MEDIUM dilution risk. Oruka Therapeutics, Inc. has a market capitalization of $5.32B, 66.21M shares outstanding, 188 institutional holders tracked. Stored dilution-related fields include shelf registration capacity of $1.00B, ATM program capacity of $700.35M, 135.9K outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
80
💰 Cash Runway
0
📊 Float Risk
25
⚠️ Warrant Exposure
15
🔄 Convertible Debt
15

Dilution Forecast

⛅
Watch
Minor dilution signals detected
model est. 19%
💰 Capital Raise model 38%
• Active shelf registration ($1000M, 19% of market cap)
• Active ATM program with $700M remaining capacity
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Market Data

Market Cap$5.32B
Shares Outstanding66.21M
Float51.05M
Cash$873.56M
Debt$1.81M
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.

FieldCurrent ValueBasis
DilutionScore43/100DilutionWatch score record
Shares Outstanding66.21MVerified float table or market cache
Public Float51.05MVerified float table or market cache
Market Cap$5.32BMarket data cache
Cash Runway220.4 monthsDilutionWatch score inputs
Shelf Capacity$1.00BSEC-derived dilution fields
ATM Capacity$700.35MSEC-derived dilution fields
Outstanding Warrants135.9KSEC-derived dilution fields

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

Recent SEC source mix: FORM 4 5, 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: ↑ 15.1% shares (2026Q1 vs prior)
188 institutional holders · 61.09M shares
#1 FMR LLC 7.43M shares
#2 Venrock Adviser, LLC 4.15M shares
#3 VANGUARD CAPITAL MANAGEMENT LLC 3.72M 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 Interest7.78M
Days to Cover6.3
% of Float15.2%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2026-03-12
xbrl XBRL WARRANT 2026-03-12
Form 4 INSIDER TRANSACTION 2026-09-21
Form 4 INSIDER TRANSACTION 2026-09-21
Form 4 INSIDER TRANSACTION 2026-09-21
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual ORKA Dilution Snapshot

Oruka Therapeutics, Inc. (ORKA) has a DilutionScore of 43/100, rated Medium dilution risk. Score date: October 13, 2026.

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

ORKA's DilutionScore is currently 43/100 (Medium risk), with 2 score changes tracked over 89 days. The score deteriorated from 45/100 (Medium risk).

Period Score Risk Level Duration
Oct 10 – Oct 13, 202643/100MEDIUM4 days
Aug 22 – Oct 09, 202645/100MEDIUM49 days
Jul 16 – Aug 21, 202642/100MEDIUM36 days

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

Share Dilution History

ORKA shares outstanding have increased 24.6% from 48.41M (Mar 2026) to 60.31M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 24, 202660.31M51.05M▲ 0.08%
May 18, 202660.31M51.00M▲ 0.14%
May 15, 202660.31M50.93M▲ 21.74%
May 07, 202659.86M41.84M▲ 10.91%
Apr 26, 202650.20M37.72M▲ 0.42%
Apr 18, 202649.54M37.57M▲ 7.13%
Mar 20, 202649.54M35.07M▲ 0.01%
Mar 17, 202648.41M35.06M▲ 0.98%
Mar 14, 202648.41M34.72M▲ 2.34%

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

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