Trulieve Cannabis (TRLV) Shares Outstanding (2020 - 2026)
Trulieve Cannabis (TRLV) recorded Shares Outstanding of 192.71 million in Q2 2026, up 0.8% from 191.2 million a year earlier and up 0.1% from the prior quarter.
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Analysis
Trulieve Cannabis (TRLV) Shares Outstanding (2020 - 2026) Analysis & Trends
For FY2025, Trulieve Cannabis reported Shares Outstanding of 191.32 million, up 0.7% from FY2024.
- Annual Shares Outstanding has increased for six straight years, with a five-year compound annual growth rate of 11.0% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 189.99 million in FY2024 (+0.5%), 188.97 million in FY2023 (+0.5%), 188 million in FY2022 (+34.9%) and 139.37 million in FY2021 (+22.7%).
- The Q2 2026 figure is the highest quarterly Shares Outstanding in data going back to Q1 2020.
- On a year-over-year basis, Shares Outstanding has increased for 22 consecutive quarters, with growth averaging 0.7% over the last eight quarters.
- The year-over-year growth in Shares Outstanding has ranged between 0.2% (Q3 2023) and 56.0% (Q1 2022) over the last five years.
- Per Business Quant, the preceding three quarters came in at 192.54 million (Q1 2026), 191.32 million (Q4 2025) and 191.28 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 307.33 Bn | 286.97 Bn | 7.66 Bn | 1.56 Bn |
| 2 | British American Tobacco p.l.c | 128.97 Bn | 105.33 Bn | - | 2.19 Bn |
| 3 | Altria | 123.30 Bn | 109.46 Bn | 3.82 Bn | 1.67 Bn |
| 4 | Trulieve Cannabis | 2.12 Bn | 741.64 Mn | 162.29 Mn | 192.71 Mn |
| 5 | Curaleaf Holdings | 2.12 Bn | 1.72 Bn | 169.91 Mn | 263.07 Mn |
| 6 | RLX Technology | 2.06 Bn | -1.70 Bn | 52.74 Mn | 1.22 Bn |
| 7 | Green Thumb Industries | 1.43 Bn | 279.53 Mn | 137.87 Mn | 221.02 Mn |
| 8 | Turning Point Brands | 1.28 Bn | 389.03 Mn | 93.70 Mn | 19.89 Mn |
| 9 | Cronos | 1.27 Bn | -2.01 Bn | 28.45 Mn | 373.61 Mn |
| 10 | Vireo Growth | 400.82 Mn | -103.73 Mn | 95.30 Mn | 45.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 192.71 Mn |
| Mar 31, 2026 | 192.54 Mn |
| Dec 31, 2025 | 191.32 Mn |
| Sep 30, 2025 | 191.28 Mn |
| Jun 30, 2025 | 191.20 Mn |
| Mar 31, 2025 | 191.13 Mn |
| Dec 31, 2024 | 189.99 Mn |
| Sep 30, 2024 | 190.19 Mn |
| Jun 30, 2024 | 190.33 Mn |
| Mar 31, 2024 | 189.49 Mn |
| Dec 31, 2023 | 188.97 Mn |
| Sep 30, 2023 | 188.92 Mn |
| Jun 30, 2023 | 189.05 Mn |
| Mar 31, 2023 | 188.90 Mn |
| Dec 31, 2022 | 188.00 Mn |
| Sep 30, 2022 | 188.60 Mn |
| Jun 30, 2022 | 187.17 Mn |
| Mar 31, 2022 | 187.05 Mn |
| Dec 31, 2021 | 139.37 Mn |
| Sep 30, 2021 | 128.15 Mn |
API Access
Trulieve Cannabis 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=TRLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "TRLV", "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=TRLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();