Companies / XRO

XERO LIMITED

ASX:XROSoftware & Services
170.6M shares on issueASX (delayed) · as of 28 July 2026$65.29price · delayed$10.51Bmarket cap · indicative
B
Dilution grade

2 cash raises in 24 months; share count grew 12% in 24 months

Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)11.8%
Raise cadence (24m)2 cash raises
Options & rights overhang2.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

XERO LIMITED's ordinary share count rose 11.8% between July 2024 and June 2026, to 171M shares. The company raised capital twice in the 24-month window for total proceeds of A$2.1B, most recently a Security Purchase Plan that raised A$129.5M in July 2025. Options and rights on issue could convert into 4M new shares, equal to 2.3% of the current share count, with 0% in the money. The company does not have a current quarterly cash report on record, so no quarterly cash balance or funding-runway figure is disclosed. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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2.3%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
—
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 170.6M per ASX (delayed) (28 July 2026).
156.6M161.7M166.9MDec 24Sept 25July 26Cash raise · 2 July 2025Cash raise · 25 June 2025

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
14 July 20263H · cancellationXRO : ORDINARY FULLY PAID170.6MAppendix 3H
30 June 20262A · quoted issueXRO : ORDINARY FULLY PAID170.6MAppendix 2A
14 June 20262A · quoted issueXRO : ORDINARY FULLY PAID170.6MAppendix 2A
2 June 20263G · unquotedXRO : ORDINARY FULLY PAID170.6MAppendix 3G
28 May 20263G · unquotedORDINARY FULLY PAID170.6MAppendix 3G
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

2 cash raises in the last 24 months · 0 in the last 12 months

$129.5M
Security Purchase Plan
2 July 2025 COMPLETE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

2.3%
Total overhang · of current shares
0.0%
In the money · at current price
3.9M
Potential new shares
—
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
26 May 2026Sukhinder Singh CassidySell35k1.0M$3.1M3Y notice
11 Dec 2025Dale MurrayBuy1k—$148k3Y notice
18 Nov 2025David ThodeyBuy833—$100k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

15 July 2026Xero Financial Assistance Disclosure
15 July 2026Notice of Annual Meeting & Proxy Form & Director Retirement
14 July 2026Notification of cessation of securities - XRO
12 July 2026Change of CEO's Interest Notice
30 June 2026Application for quotation of securities - XRO
30 June 2026Cleansing Notice
14 June 2026Application for quotation of securities - XRO
2 June 2026Change of CEO's Interest Notice
2 June 2026Notification regarding unquoted securities - XRO
28 May 2026Notification regarding unquoted securities - XRO
26 May 2026Change in substantial holding
13 May 2026Appendix 4G & FY26 Corporate Governance Statement
13 May 2026FY26 Sustainability Report
13 May 2026$PFY26 Annual Results Investor Presentation
13 May 2026$PFY26 Annual Results Market Release
13 May 2026$PAppendix 4E & FY26 Annual Report
1 May 2026Application for quotation of securities - XRO
15 Apr 2026Change in substantial holding
13 Apr 2026Notification of cessation of securities - XRO
18 Mar 2026Application for quotation of securities - XRO

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.