MARAVAI LIFESCIENCES HOLDINGS, INC. MRVI

Healthcare SIC 2834 - Pharmaceutical Preparations NAICS Manufacturing › Chemical Manufacturing › Pharmaceutical and Medicine Manufacturing › Pharmaceutical Preparation Manufacturing derived Nasdaq

Maravai LifeSciences Holdings, Inc. (also referred to in this document as "Maravai," "we," "us," "our" or "the Company") is a life sciences company providing critical products and services to enable the development of drugs, therapeutics, vaccines, and diagnostics, and support research on human disease. Our customers include biopharmaceutical companies, emerging biotech firms, life science research organizations, academic research institutions and diagnostics companies.

Our comprehensive product portfolio addresses the critical stages of biopharmaceutical development, offering:

•antibody-based solutions to detect impurities during the production of biopharmaceutical products.

We operate and report our business in two segments – TriLink, formerly referred to as Nucleic Acid Production, and Cygnus, formerly referred to as Biologics Safety Testing.

Last close 7.32 2026-10-23
Market cap $1.08B estimated share count
52-week range 2.54 - 9.42

Valuation FY2025 figures against the last close

P/S5.8x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.90

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $185.7M$259.2M$288.9M$883.0M$799.2M$284.1M$143.1M—
Cost of revenue $151.8M$150.9M$148.7M$169.0M$140.6M$79.6M$66.8M—
Gross profit $34.0M$108.3M$140.2M$714.0M$658.7M$204.4M$76.3M—
R&D $17.4M$19.2M$17.3M$18.4M$15.2M$9.3M$3.6M—
SG&A $145.1M$161.8M$151.4M$129.3M$100.1M$94.2M$48.4M—
Total operating expenses $249.3M$343.9M$171.8M$308.8M$244.6M$164.2M$119.2M—
Operating income -$215.3M-$235.6M-$31.6M$574.2M$554.6M$119.9M$24.0M—
Interest expense $27.0M$47.7M$45.9M$20.4M$30.3M$30.7M$30.0M—
Pre-tax income -$235.0M-$261.5M$617.7M$551.5M$530.8M$81.7M-$5.9M—
Income tax $4.2M$1.9M$756.1M$60.8M$61.5M$2.9M$652.0K—
Net income -$130.8M-$144.8M-$138.4M$490.7M$469.3M$89.0M-$4.5M—
EPS, basic -0.90-1.05-0.901.671.597.43-0.03—
EPS, diluted -0.90-1.05-0.901.671.562.36-0.03—
Shares, diluted (wtd. avg.) 144.4M137.9M131.9M255.3M257.8M28.9M253.9M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $216.9M$322.4M$575.0M$632.1M$551.3M$236.2M$24.7M$21.9M
Receivables $25.5M$38.5M$54.6M$138.6M$117.5M$51.0M——
Inventory $40.5M$50.1M$51.4M$43.2M$51.6M$33.3M——
Total current assets $296.3M$429.1M$699.9M$847.9M$740.0M$331.6M——
Property, plant and equipment $151.5M$164.5M$162.9M$52.7M$46.3M$101.3M——
Goodwill $129.4M$159.9M$326.0M$283.7M$152.8M$224.3M——
Other intangibles $151.5M$195.0M$221.0M$216.7M$117.6M$177.7M——
Total assets $770.6M$1.01B$1.49B$2.28B$1.92B$1.27B——
Accounts payable $2.9M$12.0M—$6.0M$8.2M$8.2M——
Short-term debt $5.4M$5.4M$5.4M$5.4M$6.0M$6.0M——
Total current liabilities $44.9M$57.0M$87.5M$110.1M$93.8M$130.8M——
Long-term debt $286.3M$290.5M$518.7M$522.0M$524.6M$400.0M——
Total liabilities $397.9M$431.0M$697.6M$1.38B$1.37B$1.12B——
Retained earnings $10.1M$140.9M$285.7M$404.8M$184.6M$854.0K——
Total equity $212.4M$325.3M$789.9M$905.2M$545.4M$154.7M$144.6M—

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow -$57.6M$7.5M$126.2M$536.0M$368.6M$152.2M$24.1M—
Depreciation and amortisation $23.6M$20.9M$12.9M$7.6M$6.4M$5.6M$3.8M—
Stock-based compensation $30.2M$49.4M$34.6M$18.7M$10.5M$24.6M$1.7M—
Capital expenditure $13.1M$29.7M$65.6M$17.1M$14.8M$25.4M$17.1M—
Investing cash flow -$31.4M-$24.3M-$122.3M-$267.6M$105.7M$6.1M-$17.1M—
Financing cash flow -$16.5M-$235.7M-$61.1M-$187.5M-$159.0M$53.2M-$4.2M—
Buybacks ———$0$0$33.7M$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001823239-26-000016.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B Revenue, FY2019: 143.1M Gross profit, FY2019: 76.3M Net income, FY2019: -4.5M Revenue, FY2020: 284.1M Gross profit, FY2020: 204.4M Net income, FY2020: 89M Revenue, FY2021: 799.2M Gross profit, FY2021: 658.7M Net income, FY2021: 469.3M Revenue, FY2022: 883M Gross profit, FY2022: 714M Net income, FY2022: 490.7M Revenue, FY2023: 288.9M Gross profit, FY2023: 140.2M Net income, FY2023: -138.4M Revenue, FY2024: 259.2M Gross profit, FY2024: 108.3M Net income, FY2024: -144.8M Revenue, FY2025: 185.7M Gross profit, FY2025: 34M Net income, FY2025: -130.8M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $143.1M $284.1M $799.2M $883.0M $288.9M $259.2M $185.7M
Gross profit — $76.3M $204.4M $658.7M $714.0M $140.2M $108.3M $34.0M
Net income — -$4.5M $89.0M $469.3M $490.7M -$138.4M -$144.8M -$130.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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