Repligen Corp (RGEN)

Repligen Corporation, a life sciences company, develops and commercializes bioprocessing technologies and systems in North America, Europe, the Asia Pacific, and internationally. The company's products include hollow fiber consumables, KRM chromatography system, resins for new modalities, PATsmart MAVERICK and PATsmart MAVEN for real-time monitoring and control of critical bioprocess parameters, PATsmart REBEL, an at-line cell culture media analyzer; and PATsmart ZipChip, a high-resolution sample separations device, PATsmart SoloVPE slope spectroscopy system, and SoloVPE PLUS System. It offers Protien A ligands that are the binding components of Protein A affinity chromatography resins; and cell culture growth factor products. The company also provides chromatography products, including OPUS pre-packed chromatography columns, which are used in the purification and quality control of biological drugs, as well as ELISA test kits. In addition, it offers filtration products, such as XCell ATF Cell Retention Systems that are filtration devices used in upstream perfusion and cell culture processing; TangenX flat sheet cassettes, which are used in downstream biologic drug concentration, buffer exchange, and formulation processes; KrosFlo tangential flow filtration and tangential flow depth filtration systems; and ProConnex TFDF flow paths. Further, it provides process analytics products, such as slope spectroscopy systems. The company offers its products under the OPUS, XCell, XCell ATF, TFDF, KrosFlo, SIUS, ProConnex, Spectra/Por, NGL-Impact, SoloVPE, FlowVPE, RPM, XO, Metenova MixOne, and AVIPure and FlowVPX brands. The company sells its products to life sciences, biopharmaceutical, and diagnostics companies; laboratory researchers; and contract manufacturing organizations. Repligen Corporation has a collaboration agreement with Navigo Proteins GmbH to develop multiple affinity ligands. The company was incorporated in 1981 and is headquartered in Waltham, Massachusetts.

Symbol
RGEN
Exchange
Nasdaq
Sector
Healthcare
Industry
Medical Instruments & Supplies
Market cap
$10.54B
52 week range
100.99 - 188.95

Valuation

Share price
$184.53 (close of 2026-09-23)
P/E (TTM)
249.00x
Price to book
4.99x
Price to free cash flow
94.12x
Enterprise value
$10.62B
Book value per share
$37.43

Price performance

PeriodChange
1 day+2.11%
5 days+5.61%
1 month+1.88%
3 months+46.02%
6 months+58.60%
Year to date+12.61%
1 year+48.87%
3 years+14.94%
5 years-43.08%
10 years+474.68%
All time+1540.27%

Profitability and growth

Return on equity
2.32%
Return on invested capital
1.87%
Return on assets
1.66%
Return on capital employed
1.96%
Gross margin
52.32%
Net margin
6.62%
EBITDA margin
18.14%
Revenue growth
16.36%
Net income growth
291.64%
Free cash flow growth
-37.28%

Cash flow and balance sheet

Free cash flow yield (TTM)
1.06%
Current ratio
9.05x
Net debt to EBITDA
0.49x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$738.26M
Cost of revenue
$352.01M
Gross profit
$386.25M
EBITDA
$133.91M
Net income
$48.89M
Earnings per share
$0.87
Research and development
$54.18M
Shares outstanding
56.23M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$738.26M$386.25M$48.89M$0.87
2024-12-31$634.44M$274.64M$-25.51M$-0.46
2023-12-31$632.36M$278.44M$35.60M$0.64
2022-12-31$801.54M$455.71M$185.96M$3.35
2021-12-31$670.53M$391.25M$128.29M$2.33
2020-12-31$366.26M$209.63M$59.93M$1.14
2019-12-31$270.25M$151.15M$21.41M$0.44
2018-12-31$194.03M$107.50M$16.62M$0.38
2017-12-31$141.24M$74.19M$28.35M$0.74
2016-12-31$104.54M$57.42M$11.68M$0.35

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3152.32%6.62%2.32%1.87%
2024-12-3143.29%-4.02%-1.29%-1.77%
2023-12-3144.03%5.63%1.81%1.38%
2022-12-3156.85%23.20%9.73%10.58%
2021-12-3158.35%19.13%7.33%11.30%
2020-12-3157.23%16.36%3.92%8.28%
2019-12-3155.93%7.92%2.02%5.58%
2018-12-3155.40%8.56%2.70%5.02%
2017-12-3152.53%20.07%4.79%3.35%
2016-12-3154.93%11.17%6.92%59.16%

Cash and debt by year

Period endCashDebt
2025-12-31$566.02M$542.21M
2024-12-31$757.36M$525.57M
2023-12-31$751.32M-
2022-12-31$523.46M-
2021-12-31$603.81M-
2020-12-31$717.29M-
2019-12-31$528.39M-
2018-12-31$193.82M-
2017-12-31$173.76M-
2016-12-31$141.78M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$93.90M$32.60M
2024-12-31$149.72M$48.07M
2023-12-31$77.70M$25.57M
2022-12-31$87.25M$27.32M
2021-12-31$51.93M$27.50M
2020-12-31$40.17M$17.01M
2019-12-31$48.71M$12.85M
2018-12-31$22.14M$10.19M
2017-12-31$12.00M$6.75M
2016-12-31$3.20M$4.59M

Investor relations

Next earnings report

Next confirmed report
2026-10-27
Consensus EPS estimate
$0.46

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-28Jun/2026$0.45
2026-05-05--
2026-02-24--
2025-10-28--
2025-07-29--
2025-04-29--
2025-02-20--
2024-11-12--

Filings and sources

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

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