Inovio Pharmaceuticals (INO) Shares Outstanding (Diluted) (2012 - 2026)
Inovio Pharmaceuticals' Shares Outstanding (Diluted) was 81.62 million in Q2 2026, up 110.2% from 38.83 million a year earlier and up 18.1% from the prior quarter.
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Analysis
Inovio Pharmaceuticals (INO) Shares Outstanding (Diluted) (2012 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Inovio Pharmaceuticals came in at 46.89 million, up 72.6% from FY2024.
- Shares Outstanding (Diluted) has now increased for 13 consecutive years, with a five-year compound annual growth rate of 29.4% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 27.16 million in FY2024 (+22.5%), 22.17 million in FY2023 (+11.5%), 19.88 million in FY2022 (+14.3%) and 17.4 million in FY2021 (+34.6%).
- The Q2 2026 figure marks the highest quarterly Shares Outstanding (Diluted) in data going back to Q4 2012.
- Compared with a year earlier, Shares Outstanding (Diluted) has increased for 39 straight quarters, with growth averaging 63.0% over the last eight quarters.
- Over the past five years, the year-over-year growth in Shares Outstanding (Diluted) ranged from 7.7% (Q3 2023) to 110.2% (Q2 2026).
- Per Business Quant data, INO's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 69.1 million (Q1 2026), 46.89 million (Q4 2025) and 52.17 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,082.65 Bn | 1,051.23 Bn | 19.71 Bn | 893.70 Mn |
| 2 | Johnson & Johnson | 623.68 Bn | 542.21 Bn | 17.26 Bn | 2.44 Bn |
| 3 | AbbVie | 459.43 Bn | 432.59 Bn | 12.70 Bn | 1.77 Bn |
| 4 | Merck | 354.80 Bn | 309.23 Bn | 12.21 Bn | 2.47 Bn |
| 5 | Novartis Ag | 269.16 Bn | 225.03 Bn | 11.24 Bn | 1.96 Bn |
| 6 | Astrazeneca | 244.40 Bn | 217.97 Bn | 12.86 Bn | 1.56 Bn |
| 7 | Amgen | 220.17 Bn | 175.57 Bn | 7.24 Bn | 544.00 Mn |
| 8 | Gilead Sciences | 183.05 Bn | 157.16 Bn | 6.22 Bn | 1.24 Bn |
| 9 | Pfizer | 160.27 Bn | 107.22 Bn | 10.94 Bn | 5.70 Bn |
| 10 | Inovio Pharmaceuticals | 98.76 Mn | 98.76 Mn | - | 81.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 81.62 Mn |
| Mar 31, 2026 | 69.10 Mn |
| Dec 31, 2025 | 46.89 Mn |
| Sep 30, 2025 | 52.17 Mn |
| Jun 30, 2025 | 38.83 Mn |
| Mar 31, 2025 | 38.61 Mn |
| Dec 31, 2024 | 27.16 Mn |
| Sep 30, 2024 | 28.14 Mn |
| Jun 30, 2024 | 27.20 Mn |
| Mar 31, 2024 | 23.29 Mn |
| Dec 31, 2023 | 22.17 Mn |
| Sep 30, 2023 | 22.38 Mn |
| Jun 30, 2023 | 22.03 Mn |
| Mar 31, 2023 | 21.54 Mn |
| Dec 31, 2022 | 19.88 Mn |
| Sep 30, 2022 | 20.78 Mn |
| Jun 30, 2022 | 19.61 Mn |
| Mar 31, 2022 | 18.24 Mn |
| Dec 31, 2021 | 17.40 Mn |
| Sep 30, 2021 | 17.52 Mn |
API Access
Inovio Pharmaceuticals 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=INO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "INO", "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=INO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();