Buyback Radar
Company reports

Proto Labs

PRLB

Proto Labs has retired 13.3% of its shares since 2020, from 27,604,879 to 23,921,897.

13.3%retired since 2020
13.3%last 5 years
-1.0%last 12 months
24Mshares today
Shares outstanding, 2012 to todaysplit adjusted, from SEC filings
28M shares, 202024M201520202025
2012, 25,120,1562026-07-28, 23,921,897
A share bought in 2012
1.1× more of Proto Labs today, without buying another share. It was one of 25,120,156 shares then. It is one of 23,921,897 now.
Every filing we read14 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20122013-03-0825,120,15610-K
20132014-02-2125,580,69910-K
20142015-02-2025,872,43910-K
20152016-02-1726,201,81810-K
20162017-02-1626,527,77010-K
20172018-02-1426,901,19310-K
20182019-02-1526,982,58710-K
20192020-02-1426,787,91010-K
20202021-02-1027,604,87910-K
20212022-02-0927,466,90210-K
20222023-02-0626,679,48410-K
20232024-02-0925,721,95710-K
20242025-02-1024,233,19610-K
20252026-02-1723,775,16010-K

Source: all 10-K filings of Proto Labs on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, fiscal 2021 to 2025cash flow statement against share count
$200Mspent on buybacks
3.8Mfewer shares outstanding
2.1%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $85.65.

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Proto Labs buybacks, answered

Is Proto Labs buying back its stock?

Not on a net basis. Proto Labs has 1.0% more shares outstanding than twelve months ago. Whatever it bought back did not cover the new shares it issued. Over five years the share count is down 13.3%.

How many shares has Proto Labs bought back?

Net of every new share it issued, Proto Labs has 3.7 million fewer shares than at its 2020 peak. That is 13.3% of the company.

How many shares does Proto Labs have outstanding?

23,921,897 shares, as of July 28, 2026, from the cover page of its latest 10-Q. At the 2020 peak it had 27,604,879.

What do Proto Labs' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Proto Labs stock in 2020 owns 1.2 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Proto Labs compare with other cannibal stocks?

Proto Labs ranks No. 435 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Brown-Forman (14.1%), Marsh & Mclennan Companies (14.0%), Interface (13.2%), Align Technology (13.1%).

Every answer is computed from Proto Labs' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Polen CapitalPolen Capital Management35,011 shares, $2.9M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Proto Labs in depth on Cannibal Stocks.

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