Stem (STEM) Shares Outstanding (Diluted) (2019 - 2026)
Stem (STEM) reported Shares Outstanding (Diluted) of 9.11 million for Q2 2026, up 7.4% from 8.48 million a year earlier and up 7.0% from the prior quarter.
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Analysis
Stem (STEM) Shares Outstanding (Diluted) (2019 - 2026) Analysis & Trends
For FY2025, Stem posted Shares Outstanding (Diluted) of 8.49 million, up 5.2% from FY2024.
- Shares Outstanding (Diluted) has increased for five consecutive years, with a five-year compound annual growth rate of 33.5% (FY2020 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 8.07 million in FY2024 (+3.8%), 7.78 million in FY2023 (+1.4%), 7.67 million in FY2022 (+45.3%) and 5.28 million in FY2021 (+163.5%).
- The Q2 2026 figure ranks as the highest quarterly Shares Outstanding (Diluted) in data going back to Q4 2019.
- Year over year, Shares Outstanding (Diluted) has now increased in each of the last 21 quarters, with growth averaging 4.5% over the last eight quarters.
- Over the past five years, the year-over-year growth in Shares Outstanding (Diluted) ranged from 0.9% (Q3 2023) to 272.3% (Q1 2022).
- Per Business Quant data, the three quarters before Q2 2026 came in at 8.52 million (Q1 2026), 8.49 million (Q4 2025) and 8.38 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn | 764.00 Mn |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn | 1.04 Bn |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn | 739.90 Mn |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn | 349.26 Mn |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn | 371.02 Mn |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn | 178.81 Mn |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn | 82.54 Mn |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - | 160.22 Mn |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn | 42.88 Mn |
| 10 | Stem | 40.83 Mn | -126.64 Mn | 13.89 Mn | 9.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.11 Mn |
| Mar 31, 2026 | 8.52 Mn |
| Dec 31, 2025 | 8.49 Mn |
| Sep 30, 2025 | 8.38 Mn |
| Jun 30, 2025 | 8.48 Mn |
| Mar 31, 2025 | 8.19 Mn |
| Dec 31, 2024 | 8.07 Mn |
| Sep 30, 2024 | 8.13 Mn |
| Jun 30, 2024 | 8.11 Mn |
| Mar 31, 2024 | 7.91 Mn |
| Dec 31, 2023 | 7.78 Mn |
| Sep 30, 2023 | 7.79 Mn |
| Jun 30, 2023 | 7.79 Mn |
| Mar 31, 2023 | 7.75 Mn |
| Dec 31, 2022 | 7.67 Mn |
| Sep 30, 2022 | 7.72 Mn |
| Jun 30, 2022 | 7.71 Mn |
| Mar 31, 2022 | 7.52 Mn |
| Dec 31, 2021 | 5.28 Mn |
| Sep 30, 2021 | 7.01 Mn |
API Access
Stem 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=STEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "STEM", "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=STEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();