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Companies / Healthcare / Ocugen, Inc.
OCGN

Ocugen, Inc.

HealthcareBiological Products
Ticker OCGNMALVERN, PAFiscal year ends DecemberBook value per share $-0.05Diluted shares 333.1M

Ocugen, Inc. (NASDAQ: OCGN) is a late-stage biotechnology company focused on developing novel gene therapies and regenerative medicine treatments for serious eye diseases and other conditions. The company's website is www.ocugen.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$4.41M
+8.8% year over year
Last 12 mo $4.58M
-1425.70%
−75.3 percentage points
Last 12 mo -1504.08%
$-67.85M
−25.5% year over year
Last 12 mo $-81.81M
557.67%
+740.1 percentage points
Last 12 mo 494.15%
Cash & financing
$-56.96M
−35.2% year over year
Last 12 mo $-60.87M
$-57.15M
−25.5% year over year
Last 12 mo $-61.02M
-2.37
Was 0.97× a year earlier
Last 12 mo -5.08
300.2M
+10.8% year over year
Last 12 mo 333.1M

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 late-stage biotechnology company focused on developing novel gene therapies and regenerative medicine treatments for serious eye diseases and other conditions. The company's website is www.ocugen.com.

The company's primary focus is its modifier gene therapy platform, which represents a paradigm shift from traditional gene therapy approaches. Rather than targeting individual gene mutations, Ocugen's platform utilizes nuclear hormone receptors to address multiple genetic and multifactorial retinal diseases with single therapeutic candidates. OCU400, the company's lead program, is in Phase 3 clinical development for retinitis pigmentosa and has demonstrated durable, clinically meaningful visual acuity improvements across multiple genetic mutations in earlier trials. OCU410 and OCU410ST, also based on the modifier gene therapy platform, are in development for geographic atrophy secondary to dry age-related macular degeneration and Stargardt disease, respectively. OCU410ST recently initiated a Phase 2/3 pivotal trial with anticipated enrollment completion in early 2026.

Beyond its core gene therapy programs, Ocugen maintains a diversified pipeline including OCU200, a novel biologic fusion protein in Phase 1 development for diabetic macular edema and diabetic retinopathy, and NeoCart, an autologous cartilage tissue-engineered implant for knee cartilage repair that has been transferred to a wholly-owned subsidiary. The company also develops an inhaled mucosal vaccine platform including OCU500 for COVID-19, with clinical trials anticipated to begin in 2026 through a partnership with the National Institute of Allergy and Infectious Diseases.

Ocugen operates through strategic partnerships with leading institutions including Harvard Medical School's Schepens Eye Research Institute, Washington University in St. Louis, and the University of Colorado. The company has established manufacturing capabilities through partnerships with CanSino Biologics and operates a renovated GMP facility to support clinical development and commercial manufacturing. The company's intellectual property portfolio includes 80 patents and 66 pending applications covering composition of matter, pharmaceutical compositions, and methods of use for its product candidates.

Company details
Sector
Healthcare
Industry
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$15.32M20152016201720182019202020212022202320242025Last 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.

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