Bavarian Nordic (BAVA.CO) - Shares outstanding

Number of shares outstanding as of December 2025 : 80,570,889

According to Bavarian Nordic's latest financial reports and stock price the company's current number of shares outstanding is 80,570,889. At the end of 2025 the company had 80,570,889 shares outstanding. The number of outstanding shares is usually impacted by stock plits and shares buy back.

Shares outstanding history for Bavarian Nordic from 2009 to 2025

Shares Outstanding at the end of each year

Year	Shares Outstanding	Change
2025	80.57 M	2.87%
2024	78.32 M	1.17%
2023	77.41 M	27.88%
2022	60.54 M	-3.36%
2021	62.64 M	18.88%
2020	52.69 M	64.71%
2019	31.99 M	-20.21%
2018	40.09 M	0.32%
2017	39.96 M	6.67%
2016	37.47 M	7.52%
2015	34.85 M	4.87%
2014	33.23 M	-4.15%
2013	34.67 M	10.82%
2012	31.28 M	-6.32%
2011	33.39 M	71.48%
2010	19.47 M	52.88%
2009	12.74 M

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Number of shares outstanding for Bavarian Nordic (BAVA.CO)