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Ocugen(NASDAQ) OCGN

Market Cap$402.84MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2019)-58%
5 Year-82%
1 Year+16%
1 Month-29%
$1.27
+6.3%
+0.08Today
Ocugen last closing stock price
MetricPriceDate
Last closeUSD 1.192026-07-29
Ocugen stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-7.75%USD 1.292026-07-22
1 month-28.74%USD 1.672026-06-29
3 month-31.21%USD 1.732026-04-30
Year to date-11.85%USD 1.352025-12-31
1 year+15.53%USD 1.032025-07-29
3 year+99.66%USD 0.602023-07-28
5 year-82.27%USD 6.712021-07-30
Since inception-58.25%USD 2.852019-09-30

Ocugen Financials at a Glance

Market Cap

$402.84MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$4.47M

Net Income (TTM)

-$71.67M

EPS (TTM)

-$0.23

P/E Ratio

-5.14

Dividend

$0.00

Beta (Volatility)

2.04 (High)

Price

$1.27

Volume

3,505,045

Open

$1.22

Previous Close

$1.26

Daily Range

$1.19 - $1.27

52-Week Range

$0.93 - $2.73

Estimated Earnings Date

Jul 30, 2026

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About Ocugen

Ocugen develops gene therapies to fix blindness and vision loss. These treatments help people with rare eye diseases. The company also builds vaccines and cartilage repairs.

Tools for Eyes and Beyond

  • Modifier Gene Therapy: Treatments like OCU400 and OCU410 designed to address many genetic causes of blindness with one product.
  • Regenerative Cell Therapy: Technology called NeoCart that uses a patient's own cells to grow new cartilage for knee repairs.
  • Fusion Protein Biologics: Product candidate OCU200 aimed at treating vision complications caused by diabetes and age-related changes.
  • Inhaled Vaccine Platform: Needle-free vaccines for COVID-19 and the flu delivered through inhalation to generate local immunity.

Strategic Partnerships and Global Deals

  • Partnered with Kwangdong Pharmaceutical in September 2025 to develop and sell eye therapies in South Korea.
  • Acquired exclusive rights from Washington University in 2022 to develop a mucosal COVID-19 vaccine.
  • Shifted assets for the NeoCart cartilage repair program to the wholly owned subsidiary OrthoCellix in 2025.
  • Secured selection by the National Institute of Allergy and Infectious Diseases (NIAID) Project NextGen in October 2023 for clinical trial support.

How Ocugen Differentiates Itself

Ocugen utilizes a modifier gene therapy platform designed to treat various blindness diseases using a gene-agnostic approach. Its operations rely on a network of global partners and academic institutions for specialized manufacturing and research technology.

Financial Performance for 2025

  • Revenue fell to $-193,000 in Q4 2025, down 125.3% from $764,000 in Q4 2024.
  • Operating loss was $17 million in Q4 2025, worsening 22.8% from the previous year.
  • Net loss reached $17.7 million in Q4 2025, a 27.6% worsening compared to Q4 2024.
  • Operating cash flow was negative $14 million in Q4 2025, worsening 34.7% year-over-year.

Bottom Line

Ocugen has transitioned from early research into a clinical-stage developer with multiple late-stage programs for vision and respiratory health. Its expansion into vaccines and cell therapy provides a broader operational base beyond its original focus on inherited retinal diseases.

AI Generated • May 5, 2026

Industry

Biotechnology

Employees

116

CEO

Shankar Musunuri, PhD, MBA

Headquarters

Malvern, PA 19355, US

OCGN Financials

Key Financial Metrics (TTM)

Gross Margin

100.00%

Operating Margin

-1483.85%

Net Income Margin

-1605.22%

Return on Equity

-127987.50%

Return on Capital

-299.91%

Return on Assets

-125.95%

Earnings Yield

-19.46%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$402.84MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

338.52M

Volume

3.51M

Avg. Volume

7.61M

Financials (TTM)

Gross Profit

$4.47M

Operating Income

-$66.25M

EBITDA

-$63.06M

Operating Cash Flow

-$59.40M

Capital Expenditure

-$175.00K

Free Cash Flow

-$59.58M

Cash & ST Invst.

$31.86M

Total Debt

$33.30M

Ocugen Performance Analysis

Ocugen annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 2,488,000N/A
20232023-12-31USD 6,036,000142.6%
20242024-12-31USD 4,055,000-32.8%
20252025-12-31USD 4,413,0008.8%
Ocugen sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-7.3%
Q32025-09-3027.6%
Q42025-12-31-111.0%
Q12026-03-31894.3%
Ocugen annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.4035.1%
20232023-12-31USD -0.26-36.2%
20242024-12-31USD -0.20-22.8%
20252025-12-31USD -0.2313.4%
Ocugen sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-304.0%
Q32025-09-30-30.7%
Q42025-12-3114.1%
Q12026-03-31-5.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$1.53M

+3.5%

Gross Profit

$1.53M

+3.5%

Gross Margin

100.00%

N/A

Market Cap

$402.84MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$3.47M

N/A

Employees

116

N/A

Net Income

-$19.18M

-24.9%

EBITDA

-$17.27M

-27.6%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$31.86M

-15.7%

Total Debt

$33.30M

+4.6%

Accounts Receivable

$0.00

N/A

Inventory

$0.00

N/A

Long Term Debt

$27.44M

-11.7%

Short Term Debt

$5.86M

+695.5%

Return on Assets

-1.26%

N/A

Return on Invested Capital

-1.83%

N/A

Free Cash Flow

-$21.80M

-12.5%

Operating Cash Flow

-$21.79M

-12.6%

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Questions About OCGN

What is the current price of Ocugen?

Ocugen is trading at $1.26 per share.

What is the 52-week range for Ocugen?

Over the past 52 weeks, Ocugen has traded between $0.93 and $2.73.

How much debt does Ocugen have?

As of the most recent reporting period, Ocugen reported total debt of $33.30M.

How much cash does Ocugen have on hand?

Ocugen reported $31.86M in cash and cash equivalents in its most recent financial results.

What is Ocugen’s dividend yield?

Ocugen does not currently have a dividend yield.

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