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.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)47.74 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
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.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | 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 2014 | Jun 2014 | Sep 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | 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 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 500.00K | 643.00K | 466.00K | 443.00K | 485.00K | 3.70M | 1.01M | 1.14M | 1.14M | 1.48M | 1.37M | 1.75M | -193.00K | 1.53M | 1.49M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.98M | 15.17M | 19.38M | 16.80M | 19.37M | - |
| 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 | - | 1.31M | 1.33M | 1.32M | - |
| 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 | -3.37M | 4.67M | 13.24M | 5.76M | 5.86M | 5.85M | 5.59M | 5.79M | 4.88M | 4.50M | 4.21M | 3.49M | 3.29M | 4.46M | 1.56M | 3.79M | 446.00K | 1.31M | 1.65M | - | - | - | - | - | - | - | - | - | - | - | 6.83M | 8.90M | 8.11M | 9.53M | 8.40M | 11.15M | - | 11.26M | 10.69M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 43.00K | - | 2.49M | 6.04M | 4.05M | 4.41M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | 91.56M | 71.57M | 58.81M | 67.33M |
| 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 | - | - | 688.00K | 5.19M |
| Pretax Income | - | - | - | - | - | - | - | - | -86.80M | -63.08M | -54.05M | -67.85M |
| Tax Provision | - | - | - | - | - | - | - | -52.00K | 0 | - | - | - |
| 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 | 26.04M | 23.24M | 21.58M | 15.57M | 10.32M | 8.09M | - | - | - | 39.57M | 32.13M | 39.75M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 65.50M | 36.79M | 36.08M | 11.04M | 2.45M | 16.81M | 27.38M | - | 141.73M | 130.09M | 116.24M | 108.63M | 96.30M | 88.98M | 74.69M | 64.55M | 82.44M | 43.52M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | 98.49M | - | - | - | 42.97M | 61.68M | 24.34M |
| Cash & Equivalents | 8.73M | 58.53M | 30.91M | 31.91M | 7.08M | 1.63M | 7.44M | 24.04M | - | 129.77M | 115.00M | 101.60M | 77.56M | 68.26M | 70.58M | 53.48M | 39.46M | 58.51M | 18.57M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | 11.29M | 8.59M | 22.51M | 22.30M | 15.16M | 5.79M | 5.83M | - | 16.21M | 23.61M | 30.55M | 34.65M | 31.40M | 29.73M | 24.89M | 23.98M | 52.81M | 55.68M |
| Current Liabilities | - | 7.60M | 6.36M | 5.17M | 3.81M | 14.11M | 4.54M | 3.61M | - | 13.30M | 17.96M | 24.52M | 28.53M | 26.58M | 24.50M | 19.73M | 17.09M | 21.59M | 23.04M |
| Long Term Debt | - | - | - | - | - | 1.02M | 1.07M | 1.82M | - | 1.73M | 1.75M | 2.27M | 2.29M | 1.06M | 1.47M | 1.50M | 2.80M | 27.34M | 27.54M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | 6.37M | - | - | - | 6.94M | 32.50M | 33.14M |
| Total Equity | -75.55M | 54.21M | 28.20M | 13.57M | 4.43M | -12.71M | 11.02M | 21.55M | - | 125.52M | 106.48M | 85.69M | 73.98M | 64.90M | 59.24M | 49.80M | 40.56M | 29.63M | -12.17M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | 221.72M | - | - | - | 256.69M | 291.49M | 312.50M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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 | - | -16.97M | 3.08M | -3.38M | -311.00K |
| Financing Cash Flow | - | - | - | -577.00K | 7.18M | 25.07M | 31.61M | - | 59.48M | 20.88M | 64.86M | 17.33M |
| 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 | -38.10M | 19.33M | -39.95M |
| Share Buybacks | - | - | - | - | 0 | 48.00K | 0 | 0 | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 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 | $3.61M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for OCGN
Ocugen Stock Price Forecast. Should You Buy OCGN? - StockInvest.us
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Ocugen (OCGN) Stock Draws Fresh Price Target Split After Cautious Analyst View - finance.yahoo.com
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Why Did OCGN Stock Rise Today? - Stocktwits
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$OCGN stock is up 7% today. Here's what we see in our data. - Quiver Quantitative
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BlackRock (OCGN holder) discloses 8.0% beneficial stake in Ocugen common stock - Stock Titan
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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.