10x Insights
Loading account…
Companies / Health Care / Ocugen, Inc.
OCGN

Ocugen, Inc.

Health CareBiological Products
Ticker OCGNMALVERN, PAFiscal year ends DecemberBook value per share $-0.05Diluted shares 335.2M

Ocugen, Inc. (Nasdaq: OCGN) is a biotechnology company developing gene therapies and other treatments for inherited and degenerative retinal diseases, as well as cell therapies and vaccines. Its modifier gene therapy platform uses nuclear hormone receptor genes to target multiple disease pathways; its leading… From the company’s description.

Over the twelve months to Sep 30, 2026, Ocugen, Inc. reported revenue of $4.78M, down 11.0% from a year earlier, and a net loss of $65.36M. Operations used $63.69M in cash. In fiscal 2025, it reported revenue of $4.41M, up 8.8% from fiscal 2024, and a net loss of $67.85M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$4.41MFY2025
+8.8% year over year
Last 12 mo $4.78M
-1425.70%FY2025
−75.3 percentage points
Last 12 mo -1444.14%
$-67.85MFY2025
−25.5% year over year
Last 12 mo $-65.36M
557.67%FY2025
+740.1 percentage points
Last 12 mo 369.66%
Cash & financing
$-56.96MFY2025
−35.2% year over year
Last 12 mo $-63.69M
$-57.15MFY2025
−25.5% year over year
Last 12 mo $-63.90M
-2.37FY2025
Was 0.97× a year earlier
Last 12 mo -4.80
300.2MFY2025
+10.8% year over year
Last 12 mo 335.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Ocugen, Inc. does

In the company’s own words

Ocugen, Inc. (Nasdaq: OCGN) is a biotechnology company developing gene therapies and other treatments for inherited and degenerative retinal diseases, as well as cell therapies and vaccines. Its modifier gene therapy platform uses nuclear hormone receptor genes to target multiple disease pathways; its leading candidates address retinitis pigmentosa, Stargardt disease and geographic atrophy. Ocugen also develops OCU200, a biologic candidate for diabetic macular edema, diabetic retinopathy and wet age-related macular degeneration. Its regenerative medicine program includes NeoCart, an autologous cartilage implant for knee injuries, and its inhaled vaccine platform includes candidates for COVID-19 and seasonal influenza. The company’s pipeline also includes OCU500, OCU510 and OCU520 vaccine candidates. Ocugen’s programs span clinical development, including a Phase 3 trial for OCU400 and a Phase 2/3 trial for OCU410ST. In 2025, it transferred NeoCart-related assets to its wholly owned subsidiary OrthoCellix. Its website is www.ocugen.com.

Company details
Sector
Health Care
Industry (SIC)
Biological Products
Headquarters
MALVERN, PA
Fiscal year end
December
CIK
1372299
SIC
2836

Financial performance, year by year

Fiscal 2015–2025 · USD
$-96.09M$-68.24M$-40.38M$-12.53M$15.32M20152016201720182019202020212023202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Ocugen, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

72
funds hold it
0 of 35
superinvestors hold it
$80.43M
held by funds, at market
15.6%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Ocugen, Inc.’s weight in each

0.20%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Ocugen, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Ocugen, Inc.’s debt, $2.27M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.75%, maturing 2034 to 2034.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Ocugen, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Ocugen, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Ocugen, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.