Maravai LifeSciences Holdings, Inc. MRVI R2K
Maravai LifeSciences Holdings, Inc., a life sciences company, provides products that enable the development of drug therapies, vaccines, drug therapies, cell and gene therapies, and diagnostics North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin and Central America. It operates through two segments: TRILINK and CYGNUS. The TRILINK segment manufactures and sells products for use in the fields of gene therapy, vaccines, nucleoside chemistry, and oligonucleotide therapy, as well as molecular diagnostics, including reagents used in the chemical synthesis, modification, labelling, and purification of deoxyribonucleic acid (DNA) and ribonucleic acid (RNA). This segment also offers messenger RNA, oligonucleotides, CleanCap capping technology-based oligonucleotide building blocks, and custom enzyme development and manufacturing; and research products for labeling and detecting proteins in cells and tissue samples. The CYGNUS segment sells analytical products for use in biologic manufacturing process development, including custom product-specific development antibody and assay development services. This segment also provides HCP ELISA kits, other bioprocess impurity and contaminant ELISA kits, ancillary reagents, viral clearance prediction kits, and custom services. The company's products address the key phases of biopharmaceutical development and include nucleic acids for diagnostic and therapeutic applications, and antibody-based products to detect impurities during the production of biopharmaceutical products. It serves biopharmaceutical companies, and emerging biopharmaceutical and life sciences research companies; and academic research institutions and diagnostics companies. Maravai LifeSciences Holdings, Inc. was founded in 2014 and is headquartered in San Diego, California.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -40.5% CAGR over 5 years.
- Earnings shrank at -53.1% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MRVI Maravai LifeSciences Holdings, Inc. R2K | 4.80 | - | $1.77B | - | -28.66% | -40.98% | -40.53% | -53.13% |
| 2 | LLY Eli Lilly and Company SPX | 1,105.00 | 39.21 | $985.37B | 0.63% | 38.44% | 107.46% | 31.69% | 48.96% |
| 3 | JNJ Johnson & Johnson SPX | 225.33 | 26.11 | $542.42B | 2.38% | 23.13% | 26.42% | 5.60% | 14.32% |
| 4 | UNH UnitedHealth Group Incorporated SPX | 380.31 | 28.66 | $345.38B | 2.32% | 9.60% | 12.18% | 11.35% | -15.69% |
| 5 | MRK Merck & Co., Inc. SPX | 118.72 | 33.44 | $293.22B | 2.86% | 20.66% | 18.94% | 3.12% | 7.93% |
| 6 | TMO Thermo Fisher Scientific Inc. SPX | 492.51 | 27.11 | $183.03B | 0.38% | 9.17% | 13.52% | -0.27% | -1.19% |
| 7 | AMGN Amgen Inc. NDXSPX | 336.79 | 23.42 | $181.77B | 2.99% | 18.02% | 101.32% | 11.77% | 5.58% |
| 8 | GILD Gilead Sciences, Inc. NDXSPX | 134.43 | 18.29 | $166.90B | 2.44% | 22.92% | 43.36% | 2.57% | 22.83% |
| 9 | ISRG Intuitive Surgical, Inc. NDXSPXAI | 424.64 | 51.53 | $150.39B | - | 15.96% | 17.23% | 17.39% | 29.26% |
Quarterly Results
Figures in USD.
| Metric | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 50.98M | 46.91M | 87.86M | 148.21M | 217.78M | 204.81M | 244.29M | 242.73M | 191.26M | 79.03M | 68.91M | 66.86M | 64.18M | 69.42M | 69.03M | 46.85M | 47.40M | 41.63M | 49.87M | 65.84M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 39.12M | 39.63M | 35.98M | 37.02M | 32.14M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 32.23M | 7.72M | 7.77M | 5.66M | 12.84M | 33.70M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 44.45M | 43.46M | 39.24M | 35.37M | 32.98M |
| Operating Income | 34.82M | 8.12M | 45.72M | 91.19M | 153.53M | 155.38M | 167.37M | 180.70M | 116.90M | 2.53M | -11.61M | -15.42M | -18.86M | -13.44M | -165.61M | -36.73M | -35.69M | -33.59M | -22.53M | 720.00K |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -31.00M | -51.92M | -22.86M | -41.72M | 12.20M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.78M | 6.82M | 6.84M | 6.55M | 5.75M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -52.69M | -74.12M | -45.15M | -63.01M | -6.53M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 162.00K | -4.29M | -92.00K | 6.00K | -151.00K |
| Net Income | 23.39M | 1.42M | 38.95M | 23.10M | 49.14M | 53.96M | 66.86M | 71.24M | 44.47M | -67.00K | -6.54M | -6.46M | -12.08M | -9.79M | -97.07M | -29.95M | -39.59M | -25.56M | -35.68M | -3.73M |
| Diluted EPS | 0.09 | 0.00 | 0.12 | 0.24 | 0.44 | 0.44 | 0.50 | 0.53 | 0.34 | 0.00 | -0.05 | -0.05 | -0.09 | -0.07 | -0.68 | -0.21 | -0.27 | -0.18 | -0.24 | -0.02 |
| R&D Expense | 3.74M | 1.60M | 1.87M | 2.16M | 1.93M | 1.95M | 3.69M | 4.27M | 5.39M | 4.14M | 4.19M | 4.35M | 5.03M | 4.92M | 4.70M | 4.89M | 4.88M | 3.84M | - | 3.89M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 143.14M | 284.10M | - | 883.00M | 288.94M | 259.19M | 185.74M |
| Cost of Revenue | - | - | - | 168.96M | 148.74M | 150.88M | 151.75M |
| Gross Profit | - | - | - | 714.04M | 140.20M | 108.31M | 33.99M |
| Operating Expenses | - | - | - | 147.63M | 168.67M | 180.99M | 162.52M |
| Operating Income | 23.99M | 119.90M | - | 566.42M | -28.47M | -72.68M | -128.53M |
| EBITDA | - | - | - | 609.99M | 712.41M | -156.92M | -147.51M |
| Interest Expense | - | - | - | 20.41M | 45.89M | 47.70M | 26.99M |
| Pretax Income | - | - | - | 551.47M | 617.74M | -261.48M | -234.97M |
| Tax Provision | - | - | - | 60.81M | 756.11M | -1.86M | -4.21M |
| Net Income | -4.47M | 88.97M | - | 220.21M | -119.03M | -144.85M | -130.77M |
| Diluted EPS | -0.03 | 2.36 | 1.56 | 1.67 | -0.90 | -1.05 | - |
| R&D Expense | 3.63M | 9.30M | 15.22M | 18.37M | 17.28M | 19.22M | 17.40M |
Compounded Sales Growth
| 5 Years: | -40.53% |
| 1 Year: | 40.50% |
Compounded Profit Growth
| 5 Years: | -53.13% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +113.33% |
| 6 Months: | +27.66% |
| 3 Months: | +34.83% |
| 1 Month: | +37.93% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Oct 2020 | Dec 2020 | Dec 2021 | Jan 2022 | Dec 2022 | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.27B | - | - | 2.28B | 1.49B | 1.44B | 1.28B | 1.01B | 770.58M |
| Current Assets | - | - | - | - | - | 847.90M | 699.91M | - | - | 429.15M | 296.25M |
| Cash & Equivalents | - | - | - | - | - | 632.14M | 574.96M | 573.17M | 578.16M | 322.40M | 216.89M |
| Inventory | - | - | - | - | - | 43.15M | 51.40M | - | - | 50.08M | 40.49M |
| Receivables | - | - | - | - | - | 138.62M | 54.60M | - | - | 38.52M | 25.50M |
| Total Liabilities | - | - | 1.12B | - | - | 1.38B | 697.57M | 671.26M | 665.56M | 431.04M | 397.87M |
| Current Liabilities | - | - | 130.78M | - | - | 110.14M | 87.47M | 68.62M | 63.71M | 56.97M | 44.92M |
| Long Term Debt | - | 400.00M | 528.61M | - | 544.00M | 522.00M | 518.71M | 517.08M | 516.28M | 290.49M | 286.33M |
| Total Debt | - | - | - | - | - | 585.26M | 610.97M | - | - | 376.69M | 364.71M |
| Total Equity | 144.63M | - | 88.51M | - | - | 545.22M | 416.75M | 434.73M | 344.90M | 325.29M | 212.38M |
| Shares Outstanding | - | - | - | - | - | 131.69M | 132.23M | - | - | 141.98M | 145.32M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 24.11M | 152.19M | - | 535.98M | 126.22M | 7.46M | -57.57M |
| Investing Cash Flow | -17.15M | 6.07M | - | -267.61M | -122.31M | -24.32M | -31.41M |
| Financing Cash Flow | -4.17M | 53.21M | - | -187.50M | -61.09M | -235.71M | -16.50M |
| Capital Expenditure | -17.15M | -25.41M | - | -17.09M | -65.55M | -29.66M | -13.15M |
| Free Cash Flow | 6.97M | 126.78M | - | 518.89M | 60.67M | -22.19M | -70.72M |
| Net Change in Cash | - | - | - | 80.87M | -57.18M | -252.56M | -105.48M |
| Share Buybacks | 0 | 33.66M | 0 | 0 | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | 80.9% | 48.5% | 41.8% | 18.3% |
| Operating Margin % | 16.8% | 42.2% | - | 64.1% | -9.9% | -28.0% | -69.2% |
| Net Margin % | -3.1% | 31.3% | - | 24.9% | -41.2% | -55.9% | -70.4% |
| ROE % | -3.1% | 100.5% | - | 40.4% | -28.6% | -44.5% | -61.6% |
| ROCE % | - | 10.5% | - | 26.1% | -2.0% | -7.6% | -17.7% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | GTCR, LLC | 13.66% | 20.15M | $96.72M |
| 2 | Braidwell LP | 6.94% | 10.24M | $49.15M |
| 3 | Blackrock Inc. | 6.34% | 9.35M | $44.86M |
| 4 | 12 West Capital Management Lp | 4.92% | 7.26M | $34.85M |
| 5 | Mackenzie Financial Corporation | 4.28% | 6.31M | $30.27M |
| 6 | Vanguard Capital Management LLC | 3.69% | 5.45M | $26.16M |
| 7 | Renaissance Technologies, LLC | 2.89% | 4.26M | $20.47M |
| 8 | Tejara Capital Ltd | 2.37% | 3.50M | $16.78M |
| 9 | Monaco Asset Management SAM | 2.32% | 3.42M | $16.42M |
| 10 | Morgan Stanley | 2.25% | 3.32M | $15.93M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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