Marpai (MRAI) Shares Outstanding (Entity) (2020 - 2026)
Marpai (MRAI) recorded Shares Outstanding (Entity) of 26.92 million in Q3 2026, up 45.8% from 18.46 million a year earlier and up 0.9% from the prior quarter.
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Analysis
Marpai (MRAI) Shares Outstanding (Entity) (2020 - 2026) Analysis & Trends
For FY2025, Marpai reported Shares Outstanding (Entity) of 17.37 million, up 50.9% from FY2024.
- Annual Shares Outstanding (Entity) has increased for five straight years, with a five-year compound annual growth rate of 95.6% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Entity) came in at 11.51 million in FY2024 (+44.6%), 7.96 million in FY2023 (+49.6%), 5.32 million in FY2022 (+111.2%) and 2.52 million in FY2021 (+314.9%).
- The Q3 2026 figure is the highest quarterly Shares Outstanding (Entity) in data going back to Q3 2020.
- On a year-over-year basis, Shares Outstanding (Entity) has increased for 21 consecutive quarters, with growth averaging 50.1% over the last eight quarters.
- Across the past five years, year-over-year growth in Shares Outstanding (Entity) ran from 6.5% in Q1 2023 to 600.6% in Q1 2022.
- Per Business Quant, the preceding three quarters came in at 26.67 million (Q2 2026), 25.29 million (Q1 2026) and 17.37 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 365.22 Bn | 251.88 Bn | 35.71 Bn | 896.00 Mn |
| 2 | Mckesson | 127.33 Bn | 111.26 Bn | 3.96 Bn | 115.46 Mn |
| 3 | Cvs Health | 114.34 Bn | 63.29 Bn | 47.21 Bn | 1.28 Bn |
| 4 | Elevance Health | 92.86 Bn | -49.61 Bn | 13.65 Bn | 216.11 Mn |
| 5 | Cigna | 78.25 Bn | 47.45 Bn | 15.09 Bn | 263.50 Mn |
| 6 | Cencora | 68.51 Bn | 68.51 Bn | 3.60 Bn | - |
| 7 | Cardinal Health | 64.97 Bn | 48.29 Bn | 2.60 Bn | 231.14 Mn |
| 8 | Humana | 54.10 Bn | -36.68 Bn | 4.83 Bn | 120.10 Mn |
| 9 | Centene | 35.04 Bn | -39.00 Bn | 8.24 Bn | 491.76 Mn |
| 10 | Marpai | 51.68 Mn | 50.85 Mn | 1.02 Mn | 26.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.92 Mn |
| Jun 30, 2026 | 26.67 Mn |
| Mar 31, 2026 | 25.29 Mn |
| Dec 31, 2025 | 17.37 Mn |
| Sep 30, 2025 | 18.46 Mn |
| Jun 30, 2025 | 16.54 Mn |
| Mar 31, 2025 | 14.90 Mn |
| Dec 31, 2024 | 11.51 Mn |
| Sep 30, 2024 | 13.75 Mn |
| Jun 30, 2024 | 11.04 Mn |
| Mar 31, 2024 | 10.31 Mn |
| Dec 31, 2023 | 7.96 Mn |
| Sep 30, 2023 | 7.81 Mn |
| Jun 30, 2023 | 7.26 Mn |
| Mar 31, 2023 | 5.40 Mn |
| Dec 31, 2022 | 5.32 Mn |
| Sep 30, 2022 | 5.23 Mn |
| Jun 30, 2022 | 5.17 Mn |
| Mar 31, 2022 | 5.07 Mn |
| Dec 31, 2021 | 2.52 Mn |
API Access
Marpai Shares Outstanding (Entity) 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-entity&ticker=MRAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "ticker": "MRAI", "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-entity&ticker=MRAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();