14 /100
LOW RISK
Score updated Jul 13, 2026

TERN — Terns Pharmaceuticals, Inc. Dilution Risk Tracker

Track TERN 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 July 13, 2026, Terns Pharmaceuticals, Inc. (TERN) has a DilutionWatch DilutionScore of 14/100, rated LOW dilution risk. Terns Pharmaceuticals, Inc. has a market capitalization of $6.12B, 115.52M shares outstanding, 325 institutional holders tracked. Key dilution vectors include approximately 163 months of cash runway.

Source: DilutionWatch (dilutionwatch.com) — data updated daily from SEC EDGAR filings. Not financial advice.

📊 Score Breakdown

📋 Offering Ability
26
💰 Cash Runway
0
📊 Float Risk
2
⚠️ Warrant Exposure
15
🔄Convertible Debt

🌦️ Dilution Forecast

☀️
Clear
No significant dilution signals
0%
No significant dilution signals detected for TERN.
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💹 Market Data

Market Cap$6.12B
Shares Outstanding115.52M
Float115.12M
Cash$1.02B
Debt$1.03M
Short InterestN/A

🏛 Institutional Holdings

QoQ: ↑ 40.0% shares (2026Q1 vs prior)
325 institutional holders · 169.75M shares
#1 MORGAN STANLEY 21.98M shares
#2 Avoro Capital Advisors LLC 10.04M shares
#3 BlackRock, Inc. 9.57M shares
+ 17 more holders Sign up free to view →

📉 Short Interest

Short Interest5.54M
Days to Cover1.5
% of Float4.8%
FINRA data as of Apr 30, 2026

📁 Recent SEC Activity

xbrl XBRL CONVERTIBLE Dec 31, 2021
4 INSIDER TRANSACTION Apr 02, 2026
4 INSIDER TRANSACTION Mar 17, 2026
4 INSIDER TRANSACTION Feb 18, 2026
4 INSIDER TRANSACTION Feb 02, 2026
Full SEC filing analysis available with free account

📰 Recent News

No recent news

📋 What This Means for TERN Shareholders

Terns Pharmaceuticals, Inc. (TERN) has a DilutionScore of 14/100, rated Low dilution risk. At this score level, DilutionWatch's real-time EDGAR monitoring shows limited near-term dilution signals. This does not mean zero dilution risk — shelf registrations can be filed and activated quickly — but the current filing profile shows no major outstanding dilution programs. Score as of July 13, 2026.

DilutionWatch's EDGAR monitoring for TERN shows no major active dilution programs at this time. The primary risk categories — shelf registration capacity, ATM programs, warrant overhang, and cash runway — are each within normal ranges for a company of this profile. This can change quickly if a new S-3 or Form S-1 is filed.

DilutionWatch tracks over 25 SEC filing types for TERN in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for TERN alongside comparable low-risk stocks. Not financial advice — this analysis is for informational purposes only.

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📖 Dilution Education
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🔬 More Research for TERN
📊 TERN FDA Catalyst Timeline & Biotech Grade — BiotechSigns 📡 TERN Signal Convergence & Dark Pool Activity — StonkWhisper

Part of the Guerilla Finance research network. Cross-reference multiple data sources for better due diligence.