Candel Therapeutics (CADL) Shares Outstanding (Diluted Average) (2021 - 2025)

Candel Therapeutics recorded quarterly Shares Outstanding (Diluted Average) of $53.0 million in Q4 2025, up 67.19% quarter-over-quarter from $31.7 million in Q4 2024, and up 67.19% year-over-year from $31.7 million in Q4 2024.

Candel Therapeutics' Shares Outstanding (Diluted Average) history runs 5 years deep, the most recent figure standing at $53.0 million for Q4 2025.

  • In Q4 2025, Shares Outstanding (Diluted Average) rose 67.19% year-over-year to $53.0 million; the TTM figure through Dec 2025 stood at $53.0 million (up 67.19% YoY), while the FY2025 annual figure was $53.0 million, up 67.19% from the prior year.
  • Shares Outstanding (Diluted Average) came in at $53.0 million for Q4 2025 at Candel Therapeutics, up from $31.7 million in the prior quarter.
  • In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $53.0 million in Q4 2025 to a low of $11.7 million in Q2 2021.
  • A 5-year average of $28.8 million and a median of $28.9 million in 2023 frame the typical range for Shares Outstanding (Diluted Average).
  • Across the five-year window, Shares Outstanding (Diluted Average) jumped 145.81% in 2022 and increased 0.38% in 2023, its largest moves.
  • Candel Therapeutics' Shares Outstanding (Diluted Average) stood at $18.9 million in 2021, then jumped by 52.72% to $28.8 million in 2022, then advanced by 0.39% to $28.9 million in 2023, then increased by 9.47% to $31.7 million in 2024, then surged by 67.19% to $53.0 million in 2025.
  • According to Business Quant data, Shares Outstanding (Diluted Average) over the past three periods registered $53.0 million, $31.7 million, and $32.0 million for Q4 2025, Q4 2024, and Q3 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares (Diluted Avg.) (Qtr)
1 Quantum Biopharma 961,148.99 Bn 961,148.98 Bn - 3.06 Mn
2 Alterity Therapeutics 744,933.29 Bn 744,933.26 Bn - -
3 Legend Biotech 2,540.00 Bn 2,539.71 Bn 242.10 Mn 810.00
4 Nanobiotix 2,199.85 Bn 2,199.78 Bn - -
5 Akari Therapeutics 1,635.88 Bn 1,635.88 Bn - 118.76 Bn
6 Vertex Pharmaceuticals 111.32 Bn 104.07 Bn 2.59 Bn 256.30 Mn
7 Evaxion A 62.56 Bn 62.54 Bn - -
8 Regeneron Pharmaceuticals 62.55 Bn 53.79 Bn 3.31 Bn 107.70 Mn
9 Alnylam Pharmaceuticals 39.57 Bn 36.56 Bn 959.66 Mn 138.23 Mn
10 Candel Therapeutics 449.62 Mn 449.62 Mn - 52.96 Mn

Historic Data

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DateValue
Dec 31, 2025 52.96 Mn
Dec 31, 2024 31.68 Mn
Sep 30, 2024 32.01 Mn
Jun 30, 2024 29.54 Mn
Mar 31, 2024 29.20 Mn
Dec 31, 2023 28.94 Mn
Sep 30, 2023 28.92 Mn
Jun 30, 2023 28.92 Mn
Mar 31, 2023 28.92 Mn
Dec 31, 2022 28.82 Mn
Sep 30, 2022 28.80 Mn
Jun 30, 2022 28.81 Mn
Mar 31, 2022 28.69 Mn
Dec 31, 2021 18.87 Mn
Sep 30, 2021 23.33 Mn
Jun 30, 2021 11.72 Mn