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Stock research / United States / RGEN · Biological Products, (No Diagnostic Substances) · Nasdaq

Repligen Corp. (RGEN)

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Repligen Corp. (RGEN) reported revenue of $204 million for Q2 FY2026, the quarter ended 30 June 2026, up 11.9% on the same quarter a year earlier. Net income was $5 million, down 66.3% on the year, and diluted earnings per share $0.09. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$204 millionup 11.9%
Net income$5 milliondown 66.3%
Diluted EPS$0.09
QuarterQ2 FY2026ended 30 June 2026

Repligen (RGEN) in brief

Repligen (RGEN) reported revenue of $738 million for fiscal 2025, the year ended 31 December 2025, up 16.4% on the year before.
Read moreNet income was $49 million and diluted earnings per share $0.86. Revenue was $634 million in fiscal 2024, $632 million in fiscal 2023, $802 million in fiscal 2022 and $671 million in fiscal 2021. Net income in the same years was a loss of $26 million, $36 million, $186 million and $128 million. Over the twelve months to 30 June 2026, Repligen reported revenue of $785 million and net income of $42 million. Revenue grew 15.0% a year, compounded, over the five years to fiscal 2025. Repligen had 56 million shares outstanding at the latest filed count. At 30 June 2026 it carried $551 million of debt and $607 million of cash. At the close of 8 October 2026 the market cap of Repligen was $9.2 billion, 224.4 times its earnings over the last twelve months.

Ratios

From the filings

ROE2.0%
ROCE2.4%
Operating margin8.2%
Net margin5.3%
FCF margin14.3%
Interest cover2.92
Debt to equity0.26
Cash conversion3.25
Share count, 1 year0.3%
Sales CAGR, 3 years-2.7%
Profit CAGR, 3 years-35.9%
EPS, TTM$0.73

At the close of 8 October 2026

Price$163.84
Market cap$9.2 billion
Stock P/E224.44
Price to book4.38
EV / EBITDA64.08
Dividend yieldn/a
Market cap / sales11.78
52-week high$194.57
52-week low$102.87
Price, 1 year8.6%
Price CAGR, 3 years1.9%
Price CAGR, 5 years-8.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Repligen Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
RGENgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on RGEN

Filings19 in twelve months: 10 current reports (8-K), about 5 results of operations; 3 regulation fd disclosure; 2 officer or director change; 2 other events; 1 acquisition or disposition completed
Planned insider sales14 Form 144 notices in twelve months, $15.3 million; latest 5 October 2026
Options tapeput/call 1.47 by open interest at the 8 October 2026 close; the straddle prices a 6.3% move to 16 October 2026
13F holders8 of the followed funds hold it; largest FMR LLC; 7 Schedule 13D or 13G filings in twelve months
Insider trading25 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest6.7 million shares short, 7.09 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023 †Q4 FY2023 * †Q1 FY2024 †Q2 FY2024 †Q3 FY2024Q4 FY2024 * †Q1 FY2025 †Q2 FY2025 †Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue141167153159155168169182189198194204
Cost of revenue10588.176.477.377.412977.889.488.394.186.094.1
Gross profit36.678.576.881.577.538.891.493.0101104108110
Gross margin26%47%50%51%50%23%54%51%53%52%56%54%
R&D10.610.311.210.69.711.712.114.014.213.114.514.4
SG&A55.657.661.765.575.660.670.770.973.774.476.576.6
Operating income4.79.93.85.5-7.8-36.56.613.916.817.915.914.0
Operating margin3%6%2%3%-5%-22%4%8%9%9%8%7%
Interest expense0.31.14.95.05.15.55.25.45.45.55.65.7
Pre-tax income11.41.93.79.0-1.1-38.67.918.217.119.11.814.2
Tax rate-49%982%11%37%n/an/a27%18%13%30%-370%65%
Net income16.9-16.43.35.7-0.7-33.95.814.914.913.38.35.0
Net margin12%-10%2%4%-0%-20%3%8%8%7%4%2%
Diluted EPS$0.32-$0.46$0.04$0.06-$0.01-$0.60$0.10$0.26$0.26$0.23$0.15$0.09
Operating cash flow39.229.144.742.249.339.215.028.648.125.728.332.8
Capital expenditure8.411.18.34.87.05.53.67.14.78.24.75.3
Free cash flow30.818.036.437.442.333.611.421.543.417.623.627.4
Shares outstanding56m56m56m56m56m56m56m56m56m56m56m56m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016FY2017FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Revenue63.583.5105141194270366671802632634738785
Cost of revenue28.035.347.167.086.5119157279346354360352362
Gross profit35.548.357.474.2108151210391456278275386423
Gross margin55.9%57.8%54.9%52.5%55.4%55.9%57.2%58.3%56.9%44.0%43.3%52.3%53.8%
Research and development5.65.77.48.715.819.420.234.343.942.743.254.256.2
Selling, general and administrative17.224.730.951.565.795.6120184216219263291301
Operating income10.713.816.014.026.036.169.816722547.7-35.155.264.6
Operating margin16.8%16.5%15.3%9.9%13.4%13.4%19.1%24.9%28.0%7.5%-5.5%7.5%8.2%
Interest expense0.00.03.86.46.79.310.811.31.22.020.721.522.1
Pre-tax income11.113.411.77.221.426.259.215421956.7-27.062.452.1
Income tax3.04.10.0-21.14.84.7-0.725.333.221.1-1.513.510.6
Effective tax rate26.6%30.4%0.1%-291.2%22.5%18.1%-1.2%16.4%15.1%37.2%n/a21.6%20.3%
Net income8.29.311.728.416.621.459.912818635.6-25.548.941.5
Net margin12.9%11.2%11.2%20.1%8.6%7.9%16.4%19.1%23.2%5.6%-4.0%6.6%5.3%
Diluted EPS$0.25$0.28$0.34$0.72$0.37$0.44$1.11$2.24$3.24$0.74-$0.46$0.86$0.73
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Filtration Products34137340354.6%
Chromatography Products12712315320.7%
Proteins Products10374.497.413.2%
Process Analytics Products56.859.381.211.0%
Other products3.74.73.30.4%
Royalty and other revenue0.40.30.30.0%
Filtration ProductsChromatography ProductsProteins ProductsProcess Analytics ProductsOther productsRoyalty and other revenue
632FY2023634FY2024738FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015FY2016FY2017FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow18.415.17.517.532.867.262.6119172114175117135
Capital expenditure5.62.64.35.510.618.522.567.184.836.225.723.522.9
Free cash flow12.812.43.212.022.148.740.251.987.277.715093.9112
Free cash flow margin20.1%14.9%3.1%8.5%11.4%18.0%11.0%7.7%10.9%12.3%23.6%12.7%14.3%
Cash from investingn/an/a-49.2-98.7-14.0-205-201-221-233-123-86.4-298-223
Cash from financingn/an/a1121303.44853061.0-13.3249-82.9-15.2-11.8
Depreciation and amortisation4.04.65.310.515.820.927.138.451.068.669.778.778.8
Share-based compensation1.83.64.66.710.212.817.027.527.325.648.132.633.3
Buybacksn/an/an/an/an/an/an/a0.00.014.40.00.0n/a
Diluted shares, weighted33m34m34m39m45m49m54m57m57m56m56m57m57m
Shares outstanding at period end33m33m34m44m44m52m55m55m56m56m56m56m56m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016FY2017FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity1121231695926161,0601,5291,7501,9111,9651,9732,1062,112
Debtn/an/an/an/an/a288288n/a285510526542551
Operating lease liabilitiesn/an/an/an/an/a27.026.4102131127146126121
Other liabilities16.623.512015215925.959.8506205230186175167
Total liabilities and equity1281462897447751,4001,9032,3582,5322,8312,8302,9502,950
Owned
Fixed assets14.513.815.022.432.248.566.9125191207198187168
Goodwill14.214.359.53273274686188608569871,0311,1141,104
Intangible assets14.612.829.8145135213287337361407398386358
Investments26.619.319.50.00.0n/an/an/an/an/a0.0202204
Cash and equivalents35.454.1122174194528717604523751757566607
Receivables7.811.315.227.633.043.171.3117116124134159158
Inventory12.418.024.739.042.354.895.0184238202143170187
Other assets2.82.62.98.711.244.447.0130247152169166166
Total assets1281462897447751,4001,9032,3582,5322,8312,8302,9502,950
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded24.3%15.0%-2.7%16.5%
Profit growth, compounded18.0%-4.0%-35.9%n/a
Return on equity, average4.0%4.0%0.9%2.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Pharmaceutical Products

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Amgen Inc. AMGN$220.3 billion25.3274.8%30.0%9.1%4.901.8%
Gilead Sciences, Inc. GILD$182.6 billionn/a-27.4%-8.2%5.5%2.222.1%
Moderna, Inc. MRNA$78.6 billionn/a-46.6%-149.0%-27.6%0.09n/a
argenx SE ARGX *$50.7 billion41.8317.6%n/a89.9%0.00n/a
Biogen Inc. BIIB$32.2 billion38.664.4%10.1%0.3%0.39n/a
BioNTech SE BNTX *$23.1 billionn/a-5.9%-49.0%4.3%0.01n/a
Exelixis, Inc. EXEL$14.7 billion18.5646.7%39.9%9.2%0.00n/a
Neurocrine Biosciences Inc. NBIX$14.4 billion20.7119.1%23.6%34.4%0.00n/a
Halozyme Therapeutics, Inc. HALO$12.5 billion32.79288.1%35.9%41.2%13.50n/a
Bio-Techne Corp. TECH$11.3 billion63.008.6%20.7%-0.4%0.090.4%
Krystal Biotech, Inc. KRYS$9.7 billion41.0217.8%44.9%22.6%0.00n/a
Repligen Corp. RGEN$9.2 billion224.442.0%8.2%16.5%0.26n/a
All 42 in Pharmaceutical Products
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Eli Lilly & Co. LLY$1.10 trillion39.2578.8%n/a49.6%1.410.5%
Johnson & Johnson JNJ$618.1 billion29.7224.8%n/a8.1%0.442.0%
ABBVIE Inc. ABBV$481.4 billion76.95n/a26.2%10.4%n/a2.5%
Merck & Co., Inc. MRK$351.3 billion113.907.6%n/a4.6%1.292.3%
Novartis AG NVS *$273.1 billion20.0230.3%n/a8.4%0.622.9%
AstraZeneca PLC AZN *$246.3 billion24.2821.0%23.4%8.6%0.612.0%
Amgen Inc. AMGN$220.3 billion25.3274.8%30.0%9.1%4.901.8%
Gilead Sciences, Inc. GILD$182.6 billionn/a-27.4%-8.2%5.5%2.222.1%
Abbott Laboratories ABT$171.6 billion31.8710.6%15.8%8.1%0.582.4%
Novo Nordisk A/S NVO *$170.8 billion11.0652.8%41.3%6.4%0.674.6%
Pfizer Inc. PFE$158.6 billion36.615.1%n/a-0.2%0.716.2%
Vertex Pharmaceuticals Inc. VRTX$127.5 billion29.2921.8%38.0%10.2%0.00n/a
Bristol-Myers Squibb Co. BMY$121.7 billion13.1241.6%24.2%3.1%1.924.2%
Sanofi SNY *$98.1 billion11.2210.9%n/a6.2%0.265.5%
GSK plc GSK *$93.4 billion12.6734.9%24.3%4.1%0.883.6%
Moderna, Inc. MRNA$78.6 billionn/a-46.6%-149.0%-27.6%0.09n/a
Regeneron Pharmaceuticals, Inc. REGN$78.4 billion18.2813.7%24.7%9.3%0.060.5%
Takeda Pharmaceutical Company Limited TAK *$58.5 billionn/a-2.1%0.1%-1.7%0.663.5%
argenx SE ARGX *$50.7 billion41.8317.6%n/a89.9%0.00n/a
Teva Pharmaceutical Industries Ltd. TEVA$45.7 billion65.429.1%9.3%4.1%2.140.0%
IDEXX Laboratories Inc. IDXX$40.5 billion36.0970.7%32.0%12.8%0.60n/a
Biogen Inc. BIIB$32.2 billion38.664.4%10.1%0.3%0.39n/a
Zoetis Inc. ZTS$30.3 billion12.0483.1%n/a1.5%2.872.8%
Roivant Sciences Ltd. ROIV$24.7 billionn/a-6.3%-7,914.8%-67.6%0.00n/a
Genmab A/S GMAB *$23.2 billion23.4516.5%28.6%19.2%0.90n/a
BioNTech SE BNTX *$23.1 billionn/a-5.9%-49.0%4.3%0.01n/a
United Therapeutics Corp. UTHR$22.7 billion19.0620.5%44.4%2.5%0.00n/a
Viatris Inc. VTRS$20.0 billionn/a-2.9%-0.6%4.4%0.812.8%
Exelixis, Inc. EXEL$14.7 billion18.5646.7%39.9%9.2%0.00n/a
Jazz Pharmaceuticals plc JAZZ$14.4 billion15.3419.6%19.5%12.6%0.91n/a
Neurocrine Biosciences Inc. NBIX$14.4 billion20.7119.1%23.6%34.4%0.00n/a
Corcept Therapeutics Inc. CORT$12.8 billion282.247.8%0.8%16.0%0.00n/a
Halozyme Therapeutics, Inc. HALO$12.5 billion32.79288.1%35.9%41.2%13.50n/a
Bio-Techne Corp. TECH$11.3 billion63.008.6%20.7%-0.4%0.090.4%
Elanco Animal Health Inc. ELAN$11.3 billionn/a-3.0%n/a12.0%0.56n/a
Biomarin Pharmaceutical Inc. BMRN$10.6 billion148.351.2%4.4%11.2%0.66n/a
Dr. Reddy’s Laboratories Limited RDY *$10.2 billion22.8511.4%15.0%3.2%0.050.7%
Krystal Biotech, Inc. KRYS$9.7 billion41.0217.8%44.9%22.6%0.00n/a
Repligen Corp. RGEN$9.2 billion224.442.0%8.2%16.5%0.26n/a
Cytokinetics Inc. CYTK$8.6 billionn/an/a-1,046.1%-21.1%n/an/a
Arrowhead Pharmaceuticals, Inc. ARWR$8.6 billionn/a-68.7%-33.8%16.8%1.47n/a
Lantheus Holdings, Inc. LNTH$6.5 billion24.1821.0%19.4%2.3%0.43n/a
11 companies share its SEC industry code (Biological Products, (No Diagnostic Substances)); the rest are the names nearest in size in its wider industry, Pharmaceutical Products, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 202529 April 2025EDGAR
10-K31 December 202414 March 2025EDGAR
10-Q30 September 202418 November 2024EDGAR
10-Q/A30 June 202418 November 2024EDGAR
10-Q/A31 March 202418 November 2024EDGAR

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