Madrigal Pharmaceuticals (MDGL) Shares Outstanding (Diluted) (2009 - 2026)
Madrigal Pharmaceuticals (MDGL) posted Weighted Average Shares Outstanding (Diluted) of 30.31 million for Q3 2026, up 34.8% from 22.48 million a year earlier and up 4.0% from the prior quarter.
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Analysis
Madrigal Pharmaceuticals (MDGL) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Madrigal Pharmaceuticals' Weighted Average Shares Outstanding (Diluted) came in at 22.43 million, up 5.5% from FY2024.
- Annual Weighted Average Shares Outstanding (Diluted) has increased for five consecutive years, with a five-year compound annual growth rate of 7.7% (FY2020 to FY2025).
- In prior years, Madrigal Pharmaceuticals' Weighted Average Shares Outstanding (Diluted) was 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 stands as the highest quarterly Weighted Average Shares Outstanding (Diluted) since Q3 2020.
- On a year-over-year basis, Weighted Average Shares Outstanding (Diluted) has increased in each of the last 20 quarters, with growth averaging 16.8% over the last eight quarters.
- Across the past five years, year-over-year growth in Weighted Average Shares Outstanding (Diluted) ran from 2.8% in Q3 2022 to 34.8% in Q3 2026.
- According to Business Quant data, Weighted Average Shares Outstanding (Diluted) for the three prior quarters was 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 (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,348.13 Bn | 1,321.74 Bn | 20.46 Bn | 893.40 Mn |
| 2 | Johnson & Johnson | 675.90 Bn | 595.76 Bn | 17.30 Bn | 2.45 Bn |
| 3 | AbbVie | 519.45 Bn | 487.50 Bn | 13.12 Bn | 1.77 Bn |
| 4 | Merck | 364.95 Bn | 327.95 Bn | 13.19 Bn | 2.48 Bn |
| 5 | Novartis Ag | 311.58 Bn | 285.16 Bn | - | 1.96 Bn |
| 6 | Astrazeneca | 289.34 Bn | 262.94 Bn | 13.26 Bn | 1.56 Bn |
| 7 | Amgen | 251.64 Bn | 203.30 Bn | 7.58 Bn | 546.00 Mn |
| 8 | Gilead Sciences | 212.05 Bn | 187.07 Bn | 6.73 Bn | 1.25 Bn |
| 9 | Pfizer | 167.35 Bn | 115.00 Bn | 12.56 Bn | 5.75 Bn |
| 10 | Madrigal Pharmaceuticals | 12.65 Bn | 9.06 Bn | 393.45 Mn | 30.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 30.31 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 (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=MDGL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=MDGL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();