Biote (BTMD) Shares Outstanding (Diluted) (2020 - 2026)
Biote's Shares Outstanding (Diluted) came in at 28.63 million for Q2 2026, down 9.8% from 31.74 million a year earlier and down 20.5% from the prior quarter.
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Analysis
Biote (BTMD) Shares Outstanding (Diluted) (2020 - 2026) Analysis & Trends
For FY2025, Biote's Shares Outstanding (Diluted) was 36.67 million, up 7.0% from FY2024.
- Shares Outstanding (Diluted) has increased in each of the last three years, with a five-year compound annual growth rate of 37.4% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 34.27 million in FY2024 (+33.3%), 25.71 million in FY2023 (+219.0%), 8.06 million in FY2022 (-69.3%) and 26.27 million in FY2021 (+250.2%).
- The Q2 2026 figure represents the lowest quarterly Shares Outstanding (Diluted) since Q4 2023.
- Year-over-year, Shares Outstanding (Diluted) increased in five of the last eight quarters, with growth averaging 6.0%.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q2 2022 (growth of 665.8%), and the weakest in Q4 2022 (a decline of 69.3%).
- Business Quant data shows BTMD's Shares Outstanding (Diluted) at 36 million (Q1 2026), 36.67 million (Q4 2025) and 36.71 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.06 Bn | 92.50 Bn | - | 222.83 Mn |
| 2 | Natera | 59.36 Bn | 55.04 Bn | 485.19 Mn | 143.28 Mn |
| 3 | Quest Diagnostics | 25.72 Bn | 24.15 Bn | 1.03 Bn | 112.00 Mn |
| 4 | Labcorp Holdings | 24.93 Bn | 22.69 Bn | 1.11 Bn | 82.00 Mn |
| 5 | Guardant Health | 23.83 Bn | 19.89 Bn | 219.03 Mn | 132.87 Mn |
| 6 | Tenet Healthcare | 20.58 Bn | 11.72 Bn | - | 83.96 Mn |
| 7 | Tempus AI | 14.35 Bn | 11.38 Bn | 246.50 Mn | 182.40 Mn |
| 8 | Encompass Health | 11.99 Bn | 12.46 Bn | - | 100.00 Mn |
| 9 | BrightSpring Health Services | 11.21 Bn | 9.55 Bn | 492.75 Mn | 220.28 Mn |
| 10 | Biote | 49.79 Mn | -11.27 Mn | 28.92 Mn | 28.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.63 Mn |
| Mar 31, 2026 | 36.00 Mn |
| Dec 31, 2025 | 36.67 Mn |
| Sep 30, 2025 | 36.71 Mn |
| Jun 30, 2025 | 31.74 Mn |
| Mar 31, 2025 | 36.95 Mn |
| Dec 31, 2024 | 34.27 Mn |
| Sep 30, 2024 | 32.26 Mn |
| Jun 30, 2024 | 33.07 Mn |
| Mar 31, 2024 | 34.62 Mn |
| Dec 31, 2023 | 25.71 Mn |
| Sep 30, 2023 | 31.04 Mn |
| Jun 30, 2023 | 20.70 Mn |
| Mar 31, 2023 | 17.59 Mn |
| Dec 31, 2022 | 8.06 Mn |
| Sep 30, 2022 | 7.61 Mn |
| Jun 30, 2022 | 57.43 Mn |
| Mar 31, 2022 | 26.27 Mn |
| Dec 31, 2021 | 26.27 Mn |
| Sep 30, 2021 | 7.50 Mn |
API Access
Biote Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=BTMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "BTMD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=BTMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();