Ludwig Enterprises (LUDG) Shares Outstanding (Diluted) (2023 - 2026)
Ludwig Enterprises' Shares Outstanding (Diluted) came in at 864.59 million for Q1 2026, up 436.4% from 161.18 million a year earlier and up 434.3% from the prior quarter.
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Analysis
Ludwig Enterprises (LUDG) Shares Outstanding (Diluted) (2023 - 2026) Analysis & Trends
For FY2025, Ludwig Enterprises' Shares Outstanding (Diluted) was 161.82 million, up 2.0% from FY2024.
- Going back by year, Shares Outstanding (Diluted) was 158.61 million in FY2024 (-44.7%) and 286.56 million in FY2023.
- The Q1 2026 figure represents the highest quarterly Shares Outstanding (Diluted) in data going back to Q2 2023.
- Year-over-year, Shares Outstanding (Diluted) has increased for five consecutive quarters, with growth averaging 92.5% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q3 2025 (growth of 440.9%), and the weakest in Q2 2024 (a decline of 50.2%).
- Business Quant data shows LUDG's Shares Outstanding (Diluted) at 161.82 million (Q4 2025), 861.96 million (Q3 2025) and 161.57 million (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 92.33 Bn | 91.77 Bn | - | 222.83 Mn |
| 2 | Natera | 58.66 Bn | 54.34 Bn | 485.19 Mn | 143.28 Mn |
| 3 | Quest Diagnostics | 25.51 Bn | 23.94 Bn | 1.03 Bn | 112.00 Mn |
| 4 | Labcorp Holdings | 24.64 Bn | 22.41 Bn | 1.11 Bn | 82.00 Mn |
| 5 | Guardant Health | 23.35 Bn | 19.41 Bn | 219.03 Mn | 132.87 Mn |
| 6 | Tenet Healthcare | 20.47 Bn | 11.62 Bn | - | 83.96 Mn |
| 7 | Tempus AI | 13.40 Bn | 10.43 Bn | 246.50 Mn | 182.40 Mn |
| 8 | Encompass Health | 11.75 Bn | 12.21 Bn | - | 100.00 Mn |
| 9 | BrightSpring Health Services | 11.31 Bn | 9.65 Bn | 492.75 Mn | 220.28 Mn |
| 10 | Ludwig Enterprises | 1.67 Mn | 1.67 Mn | - | 864.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 864.59 Mn |
| Dec 31, 2025 | 161.82 Mn |
| Sep 30, 2025 | 861.96 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 |
API Access
Ludwig Enterprises 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=LUDG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=LUDG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();