Kaival Brands Innovations (KAVL) Shares Outstanding (Diluted) (2022 - 2026)
Kaival Brands Innovations (KAVL) posted Shares Outstanding (Diluted) of 15.14 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 31.1% from 11.54 million a year earlier but down 3.1% from the prior quarter.
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Analysis
Kaival Brands Innovations (KAVL) Shares Outstanding (Diluted) (2022 - 2026) Analysis & Trends
For FY2025 (ended Oct 31, 2025), Kaival Brands Innovations' Shares Outstanding (Diluted) came in at 11.03 million, up 155.7% from FY2024.
- Annual Shares Outstanding (Diluted) has increased for three consecutive fiscal years, with a three-year compound annual growth rate of 80.0% (FY2022 to FY2025).
- In prior fiscal years, Kaival Brands Innovations' Shares Outstanding (Diluted) was 4.31 million in FY2024 (+58.5%), 2.72 million in FY2023 (+43.9%) and 1.89 million in FY2022.
- Quarterly Shares Outstanding (Diluted) has run from a low of 1.89 million in fiscal Q4 2022 to a high of 57.58 million in fiscal Q3 2023 over five years.
- On a year-over-year basis, Shares Outstanding (Diluted) has increased in each of the last eight quarters, with growth averaging 126.5% over the last eight quarters.
- The strongest year-over-year quarter for Shares Outstanding (Diluted) in the past five years was fiscal Q2 2025, with growth of 303.2%; the weakest was fiscal Q3 2024, with a decline of 92.2%.
- According to Business Quant data, Shares Outstanding (Diluted) for the three prior fiscal quarters was 15.63 million (Q2 2026), 13.11 million (Q1 2026) and 11.03 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 310.95 Bn | 289.94 Bn | 7.85 Bn | 1.56 Bn |
| 2 | British American Tobacco p.l.c | 137.57 Bn | 114.22 Bn | - | 2.20 Bn |
| 3 | Altria | 124.10 Bn | 110.30 Bn | 3.82 Bn | 1.67 Bn |
| 4 | RLX Technology | 2.51 Bn | -1.24 Bn | 52.74 Mn | 1.22 Bn |
| 5 | Verano Holdings | 2.17 Bn | 1.84 Bn | 99.70 Mn | 73.01 Mn |
| 6 | Curaleaf Holdings | 2.09 Bn | 1.70 Bn | 169.91 Mn | 270.70 Mn |
| 7 | Trulieve Cannabis | 2.00 Bn | 614.45 Mn | 162.29 Mn | 192.71 Mn |
| 8 | Turning Point Brands | 1.28 Bn | 415.13 Mn | 93.70 Mn | 20.16 Mn |
| 9 | Cronos | 1.24 Bn | -1.98 Bn | 28.45 Mn | 375.06 Mn |
| 10 | Kaival Brands Innovations | 312,505.79 | -1.43 Mn | - | 15.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 15.14 Mn |
| Apr 30, 2026 | 15.63 Mn |
| Jan 31, 2026 | 13.11 Mn |
| Oct 31, 2025 | 11.03 Mn |
| Jul 31, 2025 | 11.54 Mn |
| Apr 30, 2025 | 11.54 Mn |
| Jan 31, 2025 | 9.50 Mn |
| Oct 31, 2024 | 4.31 Mn |
| Jul 31, 2024 | 4.48 Mn |
| Apr 30, 2024 | 2.86 Mn |
| Jan 31, 2024 | 2.85 Mn |
| Oct 31, 2023 | 2.72 Mn |
| Jul 31, 2023 | 57.58 Mn |
| Apr 30, 2023 | 2.67 Mn |
| Jan 31, 2023 | 2.67 Mn |
| Oct 31, 2022 | 1.89 Mn |
| Jul 31, 2022 | 41.49 Mn |
API Access
Kaival Brands Innovations 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=KAVL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "KAVL", "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=KAVL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();