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| Date | Value |
|---|---|
| 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 |