Trulieve Cannabis (TRLV) Shares Outstanding (Diluted) (2020 - 2026)
Trulieve Cannabis (TRLV) recorded Shares Outstanding (Diluted) of 192.71 million in Q2 2026, up 0.8% from 191.2 million a year earlier but down 2.6% from the prior quarter.
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Analysis
Trulieve Cannabis (TRLV) Shares Outstanding (Diluted) (2020 - 2026) Analysis & Trends
For FY2025, Trulieve Cannabis reported Shares Outstanding (Diluted) of 191.32 million, up 0.7% from FY2024.
- Annual Shares Outstanding (Diluted) has increased for six straight years, with a five-year compound annual growth rate of 10.1% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Diluted) came in at 189.99 million in FY2024 (+0.5%), 188.97 million in FY2023 (+0.5%), 188 million in FY2022 (+28.1%) and 146.76 million in FY2021 (+24.0%).
- Quarterly Shares Outstanding (Diluted) has ranged from 136.91 million in Q3 2021 to 197.76 million in Q1 2026 over the past five years.
- On a year-over-year basis, Shares Outstanding (Diluted) has increased for 22 consecutive quarters, with growth averaging 1.0% over the last eight quarters.
- Over the past five years, the year-over-year growth in Shares Outstanding (Diluted) ranged from 0.2% (Q3 2023) to 46.6% (Q1 2022).
- Per Business Quant, the preceding three quarters came in at 197.76 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 (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 1.56 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | 2.20 Bn |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 1.67 Bn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 270.70 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 1.22 Bn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 192.71 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 222.78 Mn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 375.06 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 20.16 Mn |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn | 73.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 192.71 Mn |
| Mar 31, 2026 | 197.76 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 | 146.76 Mn |
| Sep 30, 2021 | 136.91 Mn |
API Access
Trulieve Cannabis 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=TRLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=TRLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();