Ocugen (OCGN) EBITDA (2014 - 2026)

Ocugen (OCGN) reported EBITDA of -$19.3 million for Q1 2026, down 25.54% on a YoY basis from -$25.9 million in Q1 2025, and down 8.91% quarter-over-quarter from -$17.7 million in Q4 2025.

Ocugen (OCGN) EBITDA (2014 - 2026) Analysis & Trends

Ocugen has reported EBITDA for 13 years, with the latest figure at -$19.3 million in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA fell 25.54% year-over-year to -$19.3 million; the trailing twelve-month figure through Mar 2026 stood at -$71.8 million (down 24.87% YoY), and the FY2025 full-year result was -$67.8 million, down 25.56% from the prior year.
  • EBITDA for Q1 2026 stood at -$19.3 million, down from -$17.7 million in the prior quarter.
  • The five-year high for EBITDA was -$11.0 million in Q4 2023, with the low at -$23.9 million in Q3 2022.
  • Historically, EBITDA has averaged -$17.1 million across 5 years, with a median of -$17.3 million in 2023.
  • Annual changes were most pronounced in 2022 — EBITDA sank 168.69% — and 2023, when it soared 50.99%.
  • Ocugen's EBITDA stood at -$22.4 million in 2022, then soared by 50.99% to -$11.0 million in 2023, then slipped by 26.22% to -$13.9 million in 2024, then declined by 27.77% to -$17.7 million in 2025, then declined by 8.91% to -$19.3 million in 2026.
  • The last three EBITDA figures came in at -$19.3 million (Q1 2026), -$17.7 million (Q4 2025), and -$20.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -26.92 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -13.63 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -19.70 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -14.44 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -752,618.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.14 Bn
9 Abivax 91.96 Bn 91.96 Bn - -65.83 Mn
10 Ocugen 411.07 Mn 411.07 Mn - -19.28 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -19.28 Mn
Dec 31, 2025 -17.70 Mn
Sep 30, 2025 -20.01 Mn
Jun 30, 2025 -14.77 Mn
Mar 31, 2025 -15.36 Mn
Dec 31, 2024 -13.86 Mn
Sep 30, 2024 -12.98 Mn
Jun 30, 2024 -15.28 Mn
Mar 31, 2024 -11.92 Mn
Dec 31, 2023 -10.98 Mn
Sep 30, 2023 -11.71 Mn
Jun 30, 2023 -23.07 Mn
Mar 31, 2023 -17.33 Mn
Dec 31, 2022 -22.40 Mn
Sep 30, 2022 -23.89 Mn
Jun 30, 2022 -21.47 Mn
Mar 31, 2022 -19.02 Mn
Dec 31, 2021 -14.58 Mn
Sep 30, 2021 -10.76 Mn
Jun 30, 2021 -25.95 Mn