QHSLab (USAQ) Shares Outstanding (Diluted) (2022 - 2025)
QHSLab's Shares Outstanding (Diluted) was 19.34 million in Q4 2025, up 88.0% from 10.29 million a year earlier and up 0.1% from the prior quarter.
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Analysis
QHSLab (USAQ) Shares Outstanding (Diluted) (2022 - 2025) Analysis & Trends
From Q2 2022 onward, QHSLab has reported Shares Outstanding (Diluted) for 15 quarters.
- Shares Outstanding (Diluted) has now increased for three consecutive years, with a three-year compound annual growth rate of 29.1% (FY2022 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 10.29 million in FY2024 (+9.3%), 9.42 million in FY2023 (+4.7%) and 9 million in FY2022.
- The Q4 2025 figure marks the highest quarterly Shares Outstanding (Diluted) in data going back to Q2 2022.
- Compared with a year earlier, Shares Outstanding (Diluted) has increased for 11 straight quarters, with growth averaging 30.0% over the last eight quarters.
- Over the past five years, the year-over-year growth in Shares Outstanding (Diluted) ranged from 2.7% (Q3 2023) to 99.0% (Q3 2024).
- Per Business Quant data, USAQ's Shares Outstanding (Diluted) in the three quarters before Q4 2025 was 19.33 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 (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 51.57 Bn | 23.82 Bn | 695.95 Mn | 165.06 Mn |
| 3 | Samsara | 23.54 Bn | 20.31 Bn | 392.58 Mn | 590.46 Mn |
| 4 | Ptc | 22.16 Bn | 20.97 Bn | 490.47 Mn | 114.98 Mn |
| 5 | Toast | 18.20 Bn | 10.87 Bn | 516.00 Mn | 590.00 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 | 59.00 Mn |
| 8 | Costar | 12.85 Bn | 6.80 Bn | 728.00 Mn | 404.40 Mn |
| 9 | Bentley Systems | 11.44 Bn | 10.90 Bn | 336.74 Mn | 318.96 Mn |
| 10 | QHSLab | 3.50 Mn | 2.48 Mn | 488,259.00 | 19.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 19.34 Mn |
| Sep 30, 2025 | 19.33 Mn |
| Jun 30, 2025 | 11.28 Mn |
| Mar 31, 2025 | 11.19 Mn |
| Dec 31, 2024 | 10.29 Mn |
| Sep 30, 2024 | 18.54 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 |
API Access
QHSLab 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=USAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=USAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();