Precigen, Inc. (PGEN)

Precigen, Inc.,a discovery and clinical-stage biopharmaceutical company, develops gene and cell therapies using precision technology to target diseases in areas of immuno-oncology, autoimmune disorders, and infectious diseases. The company offers therapeutic platforms consisting of AdenoVerse platform, which utilizes a library of proprietary adenovectors for gene delivery of therapeutic effectors, immunomodulators, and vaccine antigen; and UltraCAR-T to provide chimeric antigen receptor T cell therapies for cancer patients. It also develops programs based on the UltraCAR-T platform, including PRGN-3005 in Phase 1/1b clinical trial to treat advanced ovarian, fallopian tube, or primary peritoneal cancer; PRGN-3006 in Phase 1b trial for patients with relapsed or refractory acute myeloid leukemia and high-risk myelodysplastic syndromes; and PRGN-3007 in Phase 1/1b trial for the treatment of advanced receptor tyrosine kinase-like orphan receptor 1-positive, hematologic, and solid tumors. In addition, the company is developing programs based on the AdenoVerse immunotherapy platform comprising PRGN-2009 in Phase 2 trial for patients with HPV+ solid tumors; and PRGN-2012 in Phase ½ trial to treat recurrent respiratory papillomatosis. Further, it provides UltraPorator, a proprietary electroporation device. The company was formerly known as Intrexon Corporation and changed its name to Precigen, Inc. in February 2020. Precigen, Inc. was founded in 1998 and is headquartered in Germantown, Maryland.

Ticker
PGEN
Exchange
Nasdaq
Sector
Healthcare
Industry
Biotechnology
Market cap
$1.60B
52-week range
$3.04 - $8.98

Valuation

Share price
$4.47 (close of Nov 6, 2026)
P/E (TTM)
60.90x
Price to book
19.13x
Price to free cash flow
-21.57x
Enterprise value
$1.65B
Book value per share
$0.23

Price performance

PeriodChange
1 day+5.92%
5 days-35.59%
1 month-40.79%
3 months-35.31%
6 months+1.59%
Year to date+6.94%
1 year+14.03%
3 years+285.34%
5 years-12.52%
10 years-82.23%
All time-81.09%

Short interest

As of
Oct 15, 2026
Short % of float
23.84%
Shares short
46.39M
Days to cover
10.21
Change since prior report
-2.43%
Source
FINRA consolidated short interest

Profitability and growth

Return on invested capital
-92.71%
Return on assets
-161.18%
Return on capital employed
-93.49%
Gross margin
9.85%
Net margin
-2,588.21%
EBITDA margin
-1,108.10%
Revenue growth
146.73%

Cash flow and balance sheet

Free cash flow yield (TTM)
-4.64%
Current ratio
5.58x
Net debt to EBITDA
1.17x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$9.68M
Cost of revenue
$8.73M
Gross profit
$954.00K
EBITDA
-$107.31M
Net income
-$250.64M
Earnings per share
$-1.37
Research and development
$41.33M
Interest expense
$3.87M
Shares outstanding
312.98M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$9.68M$954.00K-$250.64M-$1.37
2024-12-31$3.92M--$126.23M-$0.47
2023-12-31$6.22M--$95.90M-$0.39
2022-12-31--$28.32M$0.14
2021-12-31$14.27M--$92.17M-$0.47
2020-12-31$31.99M--$170.52M-$1.02
2019-12-31$90.72M--$322.32M-$2.09
2018-12-31$151.18M$36.78M-$509.34M-$3.93
2017-12-31$230.98M$151.42M-$117.02M-$0.98
2016-12-31$190.93M$129.29M-$186.61M-$1.58

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-319.85%-2,588.21%--92.71%
2024-12-31--3,216.18%--
2023-12-31--1,540.63%-80.93%-79.06%
2022-12-31--22.43%-44.90%*
2021-12-31--646.01%-85.86%-37.26%*
2020-12-31--533.01%-253.85%-41.87%*
2019-12-31--355.29%--56.32%*
2018-12-3124.33%-336.91%-134.49%-83.02%
2017-12-3165.56%-50.66%-21.41%-24.86%
2016-12-3167.72%-97.74%-32.78%-21.01%

* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.

Cash and debt by year

Period endCashDebt
2025-12-31$100.37M$93.17M
2024-12-31$97.91M-
2023-12-31$62.90M-
2022-12-31$55.95M$43.22M
2021-12-31$108.66M$179.88M
2020-12-31$100.12M$171.52M
2019-12-31$75.05M$186.32M
2018-12-31$222.46M$211.22M
2017-12-31$74.38M$7.54M
2016-12-31$237.21M$7.56M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31-$89.83M$10.87M
2024-12-31-$76.76M$9.47M
2023-12-31-$68.47M$9.89M
2022-12-31-$69.97M$10.21M
2021-12-31-$63.02M$13.90M
2020-12-31-$84.55M$18.37M
2019-12-31-$173.81M$18.95M
2018-12-31-$165.83M$36.30M
2017-12-31-$150.39M$41.58M
2016-12-31-$80.62M$42.20M

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-04Sep 2026$0.09
2026-08-04Jun 2026-$0.02
2026-05-13Mar 2026-$0.03
2026-03-25Dec 2025-$0.10
2025-11-13Sep 2025-$0.08
2025-08-12Jun 2025-$0.14
2025-05-14Mar 2025-$0.08
2025-03-19Dec 2024-$0.06

Filings and sources

Company website
precigen.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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