Madrigal Pharmaceuticals (MDGL) Shares Outstanding (2010 - 2026)
Madrigal Pharmaceuticals (MDGL) reported Weighted Average Shares Outstanding of 29.25 million for Q3 2026, up 30.1% from 22.48 million a year earlier and up 0.4% from the prior quarter.
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Analysis
Madrigal Pharmaceuticals (MDGL) Shares Outstanding (2010 - 2026) Analysis & Trends
For FY2025, Madrigal Pharmaceuticals posted Weighted Average Shares Outstanding of 22.43 million, up 5.5% from FY2024.
- Weighted Average Shares Outstanding has increased for nine consecutive years, with a five-year compound annual growth rate of 7.7% (FY2020 to FY2025).
- By year, Weighted Average Shares Outstanding came in at 21.27 million in FY2024 (+13.8%), 18.69 million in FY2023 (+9.0%), 17.14 million in FY2022 (+3.6%) and 16.54 million in FY2021 (+7.0%).
- The Q3 2026 figure ranks as the highest quarterly Weighted Average Shares Outstanding since Q2 2016.
- Year over year, Weighted Average Shares Outstanding has now increased in each of the last 37 quarters, with growth averaging 16.2% over the last eight quarters.
- Across the past five years, year-over-year growth in Weighted Average Shares Outstanding ran from 2.8% in Q3 2022 to 31.4% in Q1 2026.
- Per Business Quant data, the three quarters before Q3 2026 came in at 29.15 million (Q2 2026), 29.03 million (Q1 2026) and 22.43 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,264.65 Bn | 1,238.27 Bn | 20.46 Bn | 891.90 Mn |
| 2 | Johnson & Johnson | 677.74 Bn | 597.60 Bn | 17.30 Bn | 2.41 Bn |
| 3 | AbbVie | 517.10 Bn | 485.11 Bn | 13.12 Bn | 1.77 Bn |
| 4 | Merck | 362.23 Bn | 325.17 Bn | 13.19 Bn | 2.47 Bn |
| 5 | Novartis Ag | 315.90 Bn | 276.16 Bn | 11.24 Bn | 1.94 Bn |
| 6 | Astrazeneca | 289.40 Bn | 266.24 Bn | 12.86 Bn | 1.55 Bn |
| 7 | Amgen | 249.90 Bn | 201.56 Bn | 7.58 Bn | 541.00 Mn |
| 8 | Gilead Sciences | 209.15 Bn | 184.26 Bn | 6.73 Bn | 1.24 Bn |
| 9 | Pfizer | 165.88 Bn | 113.23 Bn | 12.56 Bn | 5.70 Bn |
| 10 | Madrigal Pharmaceuticals | 12.86 Bn | 9.26 Bn | - | 29.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 29.25 Mn |
| Jun 30, 2026 | 29.15 Mn |
| Mar 31, 2026 | 29.03 Mn |
| Dec 31, 2025 | 22.43 Mn |
| Sep 30, 2025 | 22.48 Mn |
| Jun 30, 2025 | 22.21 Mn |
| Mar 31, 2025 | 22.09 Mn |
| Dec 31, 2024 | 21.27 Mn |
| Sep 30, 2024 | 21.75 Mn |
| Jun 30, 2024 | 21.40 Mn |
| Mar 31, 2024 | 20.00 Mn |
| Dec 31, 2023 | 18.69 Mn |
| Sep 30, 2023 | 18.48 Mn |
| Jun 30, 2023 | 18.31 Mn |
| Mar 31, 2023 | 18.19 Mn |
| Dec 31, 2022 | 17.14 Mn |
| Sep 30, 2022 | 17.10 Mn |
| Jun 30, 2022 | 17.10 Mn |
| Mar 31, 2022 | 17.10 Mn |
| Dec 31, 2021 | 16.54 Mn |
API Access
Madrigal Pharmaceuticals 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=MDGL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "MDGL", "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=MDGL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();