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MARKETS / NASDAQ / MRVI
NASDAQ · PHARMACEUTICAL PREPARATIONS · MID CAP

Maravai Lifesciences Holdings, Inc. MRVI

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$185.7M
▼ 28.3% YoY
$-130.8M
$-70.7M
In brief

What this company does

Maravai LifeSciences Holdings, Inc. 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. As of December 31, 2025, the company had 435 full-time employees globally. The company occupies facilities in San Diego, California, Leland, North Carolina, Sterling, Virginia, and Jupiter, Florida, supporting manufacturing, analytical services, and distribution across its segments. The company operates and reports its business in two segments, TriLink, formerly referred to as Nucleic Acid Production, and Cygnus, formerly referred to as Biologics Safety Testing. TriLink, which accounted for 64% of revenue for the year ended December 31, 2025, is a global provider of highly modified, complex nucleic acids and related products. Cygnus, which accounted for 36% of revenue for the year ended December 31, 2025, provides products and services that enable the detection of impurities present in bioproduction.

Written from the business description in MARAVAI LIFESCIENCES HOLDINGS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 185.7M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 185.7 · Net income -130.8
400M800M-50M-100M2019202020212022202320242025
Compound annual growth
−40.5%
−8.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −8.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−124 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -115.9% · Net -124.2%
20%40%60%-50%-100%2019202020212022202320242025
ROE
FY2025 · ROE -48.6%
50%100%-20%-40%2019202020212022202320242025

Each USD of equity lost 49 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -70.7
200.0M400.0M-25.0M-50.0M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2022 · Dividends — · Net buybacks 0.0
20M2019202020212022

Total assetsUSD 770.6M
EquityUSD 212.4M
CashUSD 216.9M
Gross debtUSD 291.8M
Net debtUSD 74.9M
Current ratio6.60×

Net debt stands at 35% of equity.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.20.30.30.90.80.30.1
Operating income $B−0.2−0.2−0.00.60.60.10.0
EBITDA $B−0.2−0.2−0.00.60.60.10.0
Income tax $B−0.0−0.00.80.10.10.0−0.0
Net income $B−0.1−0.1−0.10.20.20.1−0.0
Free cash flow $B−0.1−0.00.10.50.40.10.0
EPS, diluted $−0.90−1.05−0.901.671.562.36−0.03
Dividend / sh $·······
Payout %·······
ROE %−48.6−39.0−24.751.290.1100.5·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 29 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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