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$1.33
+29.13% 1Y
Mkt Cap$451.02M
P/E-5.12
P/B-21.63
52W High$2.48
52W Low$1.00
Book Value$-0.05
EPS (TTM)$-0.26

Company Overview

Ocugen, Inc., a biopharmaceutical company, focuses on discovering, developing, and commercializing novel gene and cell therapies, biologic, and vaccines that improve patients' health. The company's pipeline product includes OCU400, a novel gene therapy product candidate restoring retinal integrity and function across a range of genetically diverse inherited retinal diseases, currently under Phase 3 trials for the treatment of retinitis pigmentosa and Phase 1/2 trials for the treatment of leber congenital amaurosis; OCU410, a gene therapy under phase 1/2 for the treatment of dry age-related macular degeneration (AMD); and OCU410ST, a gene therapy under phase 1/2 for the treatment of Stargardt disease. It is involved in the development of OCU200, a novel recombinant fusion protein for the treatment of diabetic macular edema, diabetic retinopathy, and wet age-related macular degeneration; and NeoCart, an autologous chondrocyte-derived neocartilage for the repair of knee cartilage injuries in adult. In addition, the company is developing OCU500, a COVID-19 vaccine; OCU510, a seasonal quadrivalent flu vaccine; and OCU520, a combination quadrivalent seasonal flu and COVID-19 vaccine. It has collaboration agreements with National Institute of Allergy and Infectious Diseases for early clinical studies for the OCU500 program; and a strategic partnership with CanSino Biologics Inc. for manufacturing its modifier gene therapy pipeline product candidates. The company was founded in 2013 and is headquartered in Malvern, Pennsylvania.

Recent Developments

  • Dec 2025 Revenue of $4.41M (+8.8% YoY); net profit $-67.85M.
  • Trailing 12 Months Year-on-year growth — revenue +8.4%.

Growth & Price Performance

Compounded Sales Growth

5 Years:-
1 Year:8.40%

Stock Price Performance

1 Year:+29.13%
6 Months:-19.88%
3 Months:+5.56%
1 Month:+3.91%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 22% of range
$1.00 $2.48
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)47.74 · Neutral
Price Performance
1M+3.91%
3M+5.56%
6M-19.88%
1Y+29.13%

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

No notable strengths flagged.

CONS

  • Trading 46.4% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
-5.12
Industry PE
24.83
Forward P/E
-4.99
PEG Ratio
-
Book Value
$-0.05
Price to Book
-21.63
P/S
78.47
EV/EBITDA
-5.02
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
-
Profit 5Y
-
Revenue (YoY)
8.40%
Earnings (YoY)
-

Profitability & Returns

ROCE
-
ROE
-
ROA
-48.44%
Profit Margin
0.00%
Op Margin
-
Gross Margin
0.00%
EPS (Latest Qtr)
$-0.07
EPS (TTM)
$-0.26

Balance Sheet & Liquidity

Debt/Equity
5.74
Quick Ratio
0.75
Current Ratio
0.80
Debt
$87.99M
Total Assets
$124.21M
Current Assets
$38.55M
Working Capital
$1.30M

Ownership

Promoter Holding
1.54%
Chg in Prom Hold
-0.14%
FII / Inst Holding
43.31%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
$451.02M
Total Revenue (TTM)
$4.58M
EBITDA
$-67.17M
Free Cash Flow
$-1.97M
Operating Cash Flow
$-60.87M
Shares Outstanding
339.11M
Gross Margin
0.00%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 OCGN Ocugen, Inc. R3KPHARMA 1.33 -5.12 $451.02M 0.00% - - - -
2 LLY Eli Lilly and Company SPXR3KPHARMA 1,123.91 37.80 $1.00T 0.60% - 102.29% 7.20% 11.41%
3 JNJ Johnson & Johnson SPXR3KPHARMA 269.12 31.22 $648.55B 1.98% 14.88% 25.74% 2.43% 4.76%
4 ABBV AbbVie Inc. SPXR3KPHARMA 248.78 70.48 $439.62B 2.78% 10.47% -129.24% 1.75% -29.06%
5 MRK Merck & Co., Inc. SPXR3KPHARMA 148.46 118.77 $366.28B 2.31% - 6.96% 5.64% 10.01%
6 UNH UnitedHealth Group Incorporated SPXR3KPHARMA 400.84 25.74 $359.79B 2.47% 9.74% 14.15% 10.40% 5.43%
7 NVS Novartis AG PHARMA 137.70 20.80 $261.73B 3.36% 21.09% 30.35% 9.25% 26.22%
8 AZN AstraZeneca PLC NDXPHARMA 160.04 23.99 $248.20B 2.00% 15.97% 21.96% 9.82% 45.96%
9 TMO Thermo Fisher Scientific Inc. SPXR3KPHARMA 603.02 32.49 $222.97B 0.29% 8.14% 13.51% 8.81% 12.95%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Mar 2014Jun 2014Sep 2014Mar 2015Jun 2015Sep 2015Mar 2016Jun 2016Sep 2016Mar 2017Jun 2017Sep 2017Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue ----------000000--------500.00K643.00K466.00K443.00K485.00K3.70M1.01M1.14M1.14M1.48M1.37M1.75M-193.00K1.53M1.49M
Cost of Revenue ---------------------------------------
Gross Profit ---------------------------------------
Operating Expenses ---------------------------------15.98M15.17M19.38M16.80M19.37M-
Operating Income -5.17M-6.01M-14.94M-7.87M-7.59M-8.04M-7.80M-7.96M-6.65M-6.83M-6.37M-5.71M-6.09M-7.28M-2.40M-4.84M-2.33M-2.71M-3.93M-3.37M-10.18M-7.06M-25.61M-10.79M-19.03M-21.58M-25.11M-18.04M-23.54M-12.43M-12.22M-15.45M-13.25M-14.50M-13.79M-17.62M-17.00M-17.84M-16.44M
EBITDA ----------------------------------13.50M-12.55M-17.79M-16.37M-17.27M-
Interest Expense ---------------------------------1.26M-1.31M1.33M1.32M-
Pretax Income ----------------------------------15.35M-14.74M-20.05M-17.71M-19.18M-
Tax Provision ---------------------------------------
Net Income -3.44M-8.30M-11.97M-7.96M-7.63M-8.08M-7.92M-8.04M-9.31M-7.08M-6.54M-6.00M-5.04M-5.29M-1.93M-6.31M-3.54M-22.77M-3.94M-3.61M-10.47M-7.08M-25.95M-10.76M-19.02M-21.48M-23.91M-17.33M-23.07M-11.72M-11.92M-15.28M-12.97M-15.35M-14.74M-20.05M-17.71M-19.18M-24.88M
Diluted EPS ------------0.23---0.24-----0.19-0.07-0.04-0.13-0.05-0.09-0.10-0.11-0.08-0.10-0.05-0.05-0.04--0.05-0.05-0.06-0.06-0.06-0.07
R&D Expense -3.37M4.67M13.24M5.76M5.86M5.85M5.59M5.79M4.88M4.50M4.21M3.49M3.29M4.46M1.56M3.79M446.00K1.31M1.65M-----------6.83M8.90M8.11M9.53M8.40M11.15M-11.26M10.69M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 00000043.00K-2.49M6.04M4.05M4.41M
Cost of Revenue ------------
Gross Profit ------------
Operating Expenses --------91.56M71.57M58.81M67.33M
Operating Income -32.66M-31.82M-30.31M-24.95M-16.14M-14.16M-21.29M--89.07M-65.53M-54.76M-62.92M
EBITDA ---------88.59M-64.83M-51.40M-60.27M
Interest Expense -------79.00K--688.00K5.19M
Pretax Income ---------86.80M-63.08M-54.05M-67.85M
Tax Provision --------52.00K0---
Net Income -22.79M-32.02M-16.21M-26.41M-18.22M-20.24M-21.82M--86.80M-63.08M-54.05M-67.85M
Diluted EPS --2.42-2.18-0.99-0.79-1.46-0.31--0.38-0.26-0.20-0.23
R&D Expense 26.04M23.24M21.58M15.57M10.32M8.09M---39.57M32.13M39.75M

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Dec 2024Dec 2025
Total Assets -65.50M36.79M36.08M11.04M2.45M16.81M27.38M-141.73M130.09M116.24M108.63M96.30M88.98M74.69M64.55M82.44M43.52M
Current Assets ------------98.49M---42.97M61.68M24.34M
Cash & Equivalents 8.73M58.53M30.91M31.91M7.08M1.63M7.44M24.04M-129.77M115.00M101.60M77.56M68.26M70.58M53.48M39.46M58.51M18.57M
Inventory -------------------
Receivables -------------------
Total Liabilities -11.29M8.59M22.51M22.30M15.16M5.79M5.83M-16.21M23.61M30.55M34.65M31.40M29.73M24.89M23.98M52.81M55.68M
Current Liabilities -7.60M6.36M5.17M3.81M14.11M4.54M3.61M-13.30M17.96M24.52M28.53M26.58M24.50M19.73M17.09M21.59M23.04M
Long Term Debt -----1.02M1.07M1.82M-1.73M1.75M2.27M2.29M1.06M1.47M1.50M2.80M27.34M27.54M
Total Debt ------------6.37M---6.94M32.50M33.14M
Total Equity -75.55M54.21M28.20M13.57M4.43M-12.71M11.02M21.55M-125.52M106.48M85.69M73.98M64.90M59.24M49.80M40.56M29.63M-12.17M
Shares Outstanding ------------221.72M---256.69M291.49M312.50M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow ----23.02M-11.63M-16.89M-14.71M--60.08M-62.05M-42.14M-56.96M
Investing Cash Flow ----1.23M-77.41K-2.36M-307.00K--16.97M3.08M-3.38M-311.00K
Financing Cash Flow ----577.00K7.18M25.07M31.61M-59.48M20.88M64.86M17.33M
Capital Expenditure -3.32M-1.95M-320.00K-276.00K-77.41K-30.00K-307.00K--4.46M-10.48M-3.38M-185.00K
Free Cash Flow ----23.30M-11.71M-16.92M-15.02M--64.54M-72.53M-45.53M-57.15M
Net Change in Cash ---------17.57M-38.10M19.33M-39.95M
Share Buybacks ----048.00K00----

Ratios (Annual)

Figures in %.

Metric Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ------------
Operating Margin % -------49,500.0%--3,580.0%-1,085.7%-1,350.4%-1,425.7%
Net Margin % -------50,748.8%--3,488.9%-1,045.0%-1,333.0%-1,537.4%
ROE % -42.0%-113.6%-119.5%-595.6%143.4%-183.7%-101.3%--117.3%-155.5%-182.4%557.7%
ROCE % -56.4%-104.6%-98.1%-345.1%138.5%-115.5%-89.6%--111.2%-138.1%-90.0%-307.3%

Shareholding Pattern

Insiders
1.54%
Institutions
43.31%
Public Float
43.99%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 7.96% 27.00M $28.62M
2 State Street Corporation 6.33% 21.47M $22.76M
3 Vanguard Capital Management LLC 4.24% 14.37M $15.23M
4 Millennium Management Llc 4.11% 13.94M $14.78M
5 Geode Capital Management, LLC 2.62% 8.87M $9.40M
6 RTW Investments LP 1.97% 6.67M $7.07M
7 UBS Group AG 1.53% 5.18M $5.49M
8 Ikarian Capital, LLC 1.17% 3.96M $4.20M
9 GMT Capital Corp 1.03% 3.51M $3.72M
10 Marshall Wace LLP 1.01% 3.41M $3.61M

Analyst View

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Latest News

Recent headlines for OCGN

Google News Sat, 05 Sep 2026

Ocugen Stock Price Forecast. Should You Buy OCGN? - StockInvest.us

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Google News Wed, 24 Jun 2026

Ocugen (OCGN) Stock Draws Fresh Price Target Split After Cautious Analyst View - finance.yahoo.com

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Google News hu, 05 Mar 2026

Why Did OCGN Stock Rise Today? - Stocktwits

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Google News ue, 23 Jun 2026

$OCGN stock is up 7% today. Here's what we see in our data. - Quiver Quantitative

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Google News Wed, 29 Jul 2026

BlackRock (OCGN holder) discloses 8.0% beneficial stake in Ocugen common stock - Stock Titan

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Google News Wed, 03 Jun 2026

Is OCGN Stock Worth the Risk Ahead of 2026-27 Eye Gene Therapy Data? - finance.yahoo.com

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OCGN — Frequently Asked Questions

What is the current share price of Ocugen, Inc. (OCGN)?

As of 2026-09-19 21:16 PDT, Ocugen, Inc. (OCGN) trades at $1.33 on NasdaqCM. Its 52-week range is $1.00 to $2.48.

What is the market capitalisation of OCGN?

Ocugen, Inc. (OCGN) has a market capitalisation of $451.02M on NasdaqCM.

What is the P/E ratio of OCGN?

OCGN trades at a trailing price-to-earnings (P/E) ratio of -5.12. The industry average P/E is 24.83. Its price-to-book (P/B) ratio is -21.63.

Is OCGN a good stock to buy?

This page provides a data-driven analysis of Ocugen, Inc. (OCGN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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