Ligand Pharmaceuticals (LGND) Shares Outstanding (Diluted) (2010 - 2026)
Ligand Pharmaceuticals' Shares Outstanding (Diluted) came in at 21.84 million for Q2 2026, up 9.6% from 19.93 million a year earlier and up 9.8% from the prior quarter.
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Analysis
Ligand Pharmaceuticals (LGND) Shares Outstanding (Diluted) (2010 - 2026) Analysis & Trends
For FY2025, Ligand Pharmaceuticals' Shares Outstanding (Diluted) was 20.29 million, up 11.0% from FY2024.
- Shares Outstanding (Diluted) has increased in each of the last three years, with a five-year compound annual growth rate of 4.6% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 18.29 million in FY2024 (+3.0%), 17.76 million in FY2023 (+5.3%), 16.87 million in FY2022 (-2.2%) and 17.25 million in FY2021 (+6.6%).
- The Q2 2026 figure represents the highest quarterly Shares Outstanding (Diluted) since Q4 2018.
- Year-over-year, Shares Outstanding (Diluted) has increased for 14 consecutive quarters, with growth averaging 7.7% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q3 2025 (growth of 12.0%), and the weakest in Q1 2022 (a decline of 2.5%).
- Business Quant data shows LGND's Shares Outstanding (Diluted) at 19.88 million (Q1 2026), 20.29 million (Q4 2025) and 20.63 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 | 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 | Ligand Pharmaceuticals | 6.03 Bn | 2.50 Bn | - | 21.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.84 Mn |
| Mar 31, 2026 | 19.88 Mn |
| Dec 31, 2025 | 20.29 Mn |
| Sep 30, 2025 | 20.63 Mn |
| Jun 30, 2025 | 19.93 Mn |
| Mar 31, 2025 | 19.19 Mn |
| Dec 31, 2024 | 18.29 Mn |
| Sep 30, 2024 | 18.42 Mn |
| Jun 30, 2024 | 18.03 Mn |
| Mar 31, 2024 | 18.12 Mn |
| Dec 31, 2023 | 17.76 Mn |
| Sep 30, 2023 | 17.38 Mn |
| Jun 30, 2023 | 17.73 Mn |
| Mar 31, 2023 | 17.97 Mn |
| Dec 31, 2022 | 16.87 Mn |
| Sep 30, 2022 | 17.13 Mn |
| Jun 30, 2022 | 16.87 Mn |
| Mar 31, 2022 | 16.82 Mn |
| Dec 31, 2021 | 17.25 Mn |
| Sep 30, 2021 | 17.14 Mn |
API Access
Ligand 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=LGND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "LGND", "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=LGND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();