Forte Biosciences (FBRX) Shares Outstanding (Diluted) (2021 - 2026)
Forte Biosciences (FBRX) recorded Shares Outstanding (Diluted) of 23.79 million in Q2 2026, up 102.5% from 11.74 million a year earlier and up 33.4% from the prior quarter.
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Analysis
Forte Biosciences (FBRX) Shares Outstanding (Diluted) (2021 - 2026) Analysis & Trends
For FY2025, Forte Biosciences reported Shares Outstanding (Diluted) of 14.72 million, up 404.7% from FY2024.
- Annual Shares Outstanding (Diluted) has increased for four straight years, with a four-year compound annual growth rate of 126.5% (FY2021 to FY2025).
- Across earlier years, Shares Outstanding (Diluted) came in at 2.92 million in FY2024 (+130.9%), 1.26 million in FY2023 (+81.6%), 695,341 in FY2022 (+24.5%) and 558,713 in FY2021.
- The Q2 2026 figure is the highest quarterly Shares Outstanding (Diluted) in data going back to Q2 2021.
- On a year-over-year basis, Shares Outstanding (Diluted) has increased for 17 consecutive quarters, with growth averaging 329.3% over the last eight quarters.
- Across the past five years, year-over-year growth in Shares Outstanding (Diluted) ran from 8.5% in Q2 2022 to 863.1% in Q3 2025.
- Per Business Quant, the preceding three quarters came in at 17.84 million (Q1 2026), 14.72 million (Q4 2025) and 17.79 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 2.44 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 1.77 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 2.47 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | 1.96 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 1.56 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 544.00 Mn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 1.24 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 5.70 Bn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 255.20 Mn |
| 10 | Forte Biosciences | 1.58 Bn | 1.38 Bn | - | 23.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.79 Mn |
| Mar 31, 2026 | 17.84 Mn |
| Dec 31, 2025 | 14.72 Mn |
| Sep 30, 2025 | 17.79 Mn |
| Jun 30, 2025 | 11.74 Mn |
| Mar 31, 2025 | 11.40 Mn |
| Dec 31, 2024 | 2.92 Mn |
| Sep 30, 2024 | 1.85 Mn |
| Jun 30, 2024 | 1.85 Mn |
| Mar 31, 2024 | 1.84 Mn |
| Dec 31, 2023 | 1.26 Mn |
| Sep 30, 2023 | 1.51 Mn |
| Jun 30, 2023 | 841,873.00 |
| Mar 31, 2023 | 840,267.00 |
| Dec 31, 2022 | 695,341.00 |
| Sep 30, 2022 | 757,098.00 |
| Jun 30, 2022 | 590,450.00 |
| Mar 31, 2022 | 590,392.00 |
| Dec 31, 2021 | 558,713.00 |
| Sep 30, 2021 | 569,649.00 |
API Access
Forte Biosciences 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=FBRX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "FBRX", "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=FBRX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();