Ludwig Enterprises (LUDG) Shares Outstanding (2022 - 2026)
Ludwig Enterprises (LUDG) reported Shares Outstanding of 163.59 million for Q1 2026, up 1.5% from 161.18 million a year earlier and up 1.1% from the prior quarter.
Powered by 
Analysis
Ludwig Enterprises (LUDG) Shares Outstanding (2022 - 2026) Analysis & Trends
For FY2025, Ludwig Enterprises posted Shares Outstanding of 161.82 million, up 2.0% from FY2024.
- Shares Outstanding has a three-year compound annual growth rate of -19.8% (FY2022 to FY2025).
- By year, Shares Outstanding came in at 158.61 million in FY2024 (-44.7%), 286.56 million in FY2023 (-8.7%) and 313.74 million in FY2022.
- The Q1 2026 figure ranks as the highest quarterly Shares Outstanding since Q4 2023.
- Year over year, Shares Outstanding has now increased in each of the last five quarters, with an average decline of 16.7% over the last eight quarters.
- The high point for year-over-year Shares Outstanding in five years was Q1 2025 (growth of 3.7%); the low point was Q1 2024 (a decline of 50.8%).
- Per Business Quant data, the three quarters before Q1 2026 came in at 161.82 million (Q4 2025), 161.96 million (Q3 2025) and 161.57 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.06 Bn | 92.50 Bn | - | 220.54 Mn |
| 2 | Natera | 59.36 Bn | 55.04 Bn | 485.19 Mn | 143.28 Mn |
| 3 | Quest Diagnostics | 25.72 Bn | 24.15 Bn | 1.03 Bn | 111.00 Mn |
| 4 | Labcorp Holdings | 24.93 Bn | 22.69 Bn | 1.11 Bn | 81.70 Mn |
| 5 | Guardant Health | 23.83 Bn | 19.89 Bn | 219.03 Mn | 132.87 Mn |
| 6 | Tenet Healthcare | 20.58 Bn | 11.72 Bn | - | 83.52 Mn |
| 7 | Tempus AI | 14.35 Bn | 11.38 Bn | 246.50 Mn | 179.92 Mn |
| 8 | Encompass Health | 11.99 Bn | 12.46 Bn | - | 98.80 Mn |
| 9 | BrightSpring Health Services | 11.21 Bn | 9.55 Bn | 492.75 Mn | 206.04 Mn |
| 10 | Ludwig Enterprises | 1.67 Mn | 1.67 Mn | - | 163.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 163.59 Mn |
| Dec 31, 2025 | 161.82 Mn |
| Sep 30, 2025 | 161.96 Mn |
| Jun 30, 2025 | 161.57 Mn |
| Mar 31, 2025 | 161.18 Mn |
| Dec 31, 2024 | 158.61 Mn |
| Sep 30, 2024 | 159.36 Mn |
| Jun 30, 2024 | 159.00 Mn |
| Mar 31, 2024 | 155.46 Mn |
| Dec 31, 2023 | 286.56 Mn |
| Sep 30, 2023 | 315.19 Mn |
| Jun 30, 2023 | 319.36 Mn |
| Mar 31, 2023 | 316.06 Mn |
| Dec 31, 2022 | 313.74 Mn |
API Access
Ludwig Enterprises Shares Outstanding 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&ticker=LUDG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "LUDG", "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&ticker=LUDG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();