Liquidia shares outstanding LQDA
Diluted shares outstanding, averaged over each quarter, from 2017.
- Latest quarter, to Jun 30, 2026
- 101.4M
- On a year earlier
- +18.5%
- more shares
Liquidia had 101.4M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.
That is 18.5% more than a year earlier, so each share owns a little less of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 87.1M | +3% |
| FY2024 | 84.6M | +29% |
| FY2023 | 65.7M | +2% |
| FY2022 | 64.6M | +24% |
| FY2021 | 52.2M | +28% |
| FY2020 | 40.8M | +100% |
| FY2019 | 20.3M | +29% |
| FY2018 | 15.7M | +2452% |
| FY2017 | 616.3K | n/a |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 101.4M | +18% | |
| Q1 FY26 | 101.1M | +19% | |
| Q4 FY25 | 87.1M | +3% | |
| Q3 FY25 | 86.3M | +10% | |
| Q2 FY25 | 85.6M | +12% | |
| Q1 FY25 | 85.2M | +13% | |
| Q4 FY24 | 84.6M | +29% | |
| Q3 FY24 | 78.3M | +21% | |
| Q2 FY24 | 76.4M | +18% | |
| Q1 FY24 | 75.4M | +17% | |
| Q4 FY23 | 65.7M | +2% | |
| Q3 FY23 | 64.9M | +1% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on Liquidia
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.