QHSLab (USAQ) Shares Outstanding (2011 - 2025)
QHSLab (USAQ) recorded Shares Outstanding of 11.3 million in Q4 2025, up 9.8% from 10.29 million a year earlier and up 0.1% from the prior quarter.
Powered by 
Analysis
QHSLab (USAQ) Shares Outstanding (2011 - 2025) Analysis & Trends
Starting with Q3 2011, QHSLab's Shares Outstanding history includes 58 quarters.
- Annual Shares Outstanding has increased for seven straight years, with a five-year compound annual growth rate of 12.7% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 10.29 million in FY2024 (+9.3%), 9.42 million in FY2023 (+4.7%), 9 million in FY2022 (+14.5%) and 7.86 million in FY2021 (+26.8%).
- The Q4 2025 figure is the highest quarterly Shares Outstanding in data going back to Q3 2011.
- On a year-over-year basis, Shares Outstanding has increased for 25 consecutive quarters, with growth averaging 9.8% over the last eight quarters.
- Over the past five years, the year-over-year growth in Shares Outstanding ranged from 2.7% (Q3 2023) to 35.3% (Q3 2021).
- Per Business Quant, the preceding three quarters came in at 11.28 million (Q3 2025), 11.28 million (Q2 2025) and 11.19 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | 450.00 Mn |
| 2 | Veeva Systems | 51.57 Bn | 23.82 Bn | 695.95 Mn | 162.34 Mn |
| 3 | Samsara | 23.54 Bn | 20.31 Bn | 392.58 Mn | 584.14 Mn |
| 4 | Ptc | 22.16 Bn | 20.97 Bn | 490.47 Mn | 114.68 Mn |
| 5 | Toast | 18.20 Bn | 10.87 Bn | 516.00 Mn | 578.00 Mn |
| 6 | Trimble | 13.96 Bn | 13.03 Bn | 674.90 Mn | 233.00 Mn |
| 7 | Manhattan Associates | 13.22 Bn | 12.21 Bn | 168.33 Mn | 58.76 Mn |
| 8 | Costar | 12.85 Bn | 6.80 Bn | 728.00 Mn | 404.10 Mn |
| 9 | Bentley Systems | 11.44 Bn | 10.90 Bn | 336.74 Mn | 311.78 Mn |
| 10 | QHSLab | 3.50 Mn | 2.48 Mn | 488,259.00 | 11.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 11.30 Mn |
| Sep 30, 2025 | 11.28 Mn |
| Jun 30, 2025 | 11.28 Mn |
| Mar 31, 2025 | 11.19 Mn |
| Dec 31, 2024 | 10.29 Mn |
| Sep 30, 2024 | 10.49 Mn |
| Jun 30, 2024 | 10.22 Mn |
| Mar 31, 2024 | 9.88 Mn |
| Dec 31, 2023 | 9.42 Mn |
| Sep 30, 2023 | 9.32 Mn |
| Jun 30, 2023 | 9.32 Mn |
| Mar 31, 2023 | 9.32 Mn |
| Dec 31, 2022 | 9.00 Mn |
| Sep 30, 2022 | 9.07 Mn |
| Jun 30, 2022 | 8.80 Mn |
| Mar 31, 2022 | 8.78 Mn |
| Dec 31, 2021 | 7.86 Mn |
| Sep 30, 2021 | 8.65 Mn |
| Jun 30, 2021 | 7.21 Mn |
| Mar 31, 2021 | 6.83 Mn |
API Access
QHSLab 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=USAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "USAQ", "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=USAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();