Shares outstanding (filed) (Shares out)
The number of shares outstanding the company states on the cover of its newest 10-K or 10-Q.
Every new share is a smaller claim on the same business, and a microcap can double its count between two quarterly filings.
How it is computed here
Cover-page count of the newest 10-K or 10-Q, times the confirmed splits since its date
Combines more than one basis. See the note. The newest cover-page count of a 10-K or 10-Q, an instant rather than an average, put on today's share count by any confirmed split after its date. Filed under risk. Lower is the stronger reading, other things equal.
No published threshold exists for this figure, so this page prints none. Read it against the company's own history and its peers instead.
When it misleads
- A count as of a date a few days before the filing, not a live figure: shares issued since then are not in it.
- After a split the count is put on today's share count, and the split is named beside it.
- A company that tags no cover-page count has no figure here, and says why.
Questions
How is shares outstanding (filed) calculated?
Cover-page count of the newest 10-K or 10-Q, times the confirmed splits since its date. Combines more than one basis. See the note. The newest cover-page count of a 10-K or 10-Q, an instant rather than an average, put on today's share count by any confirmed split after its date.
What does shares outstanding (filed) tell a value investor?
Every new share is a smaller claim on the same business, and a microcap can double its count between two quarterly filings.
When does shares outstanding (filed) mislead?
A count as of a date a few days before the filing, not a live figure: shares issued since then are not in it. After a split the count is put on today's share count, and the split is named beside it. A company that tags no cover-page count has no figure here, and says why.