NASDAQ$MRVI
Maravai LifeSciences Holdings Inc. · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Maravai LifeSciences reported Q4 2025 revenue of $49.9 million with positive adjusted EBITDA of $0.5 million.
Maravai posted Q4 2025 revenue of $49.9 million with a GAAP net loss of $63.0 million and adjusted EBITDA of $0.5 million, returning to positive adjusted EBITDA in the quarter. Full-year revenue was $185.7 million with adjusted EBITDA loss of $31.2 million. The company guides 2026 revenue of $200–210 million and adjusted EBITDA of $18–20 million as the nucleic acid production model scales.
- Q4 revenue $49.9M; adjusted EBITDA $0.5M (positive).
- Exceeded revenue expectations; operating leverage improving.
- 2026 revenue guide $200–210M; adj. EBITDA $18–20M.
- Focus on CleanCap and nucleotide products for biopharma manufacturing.
Headline financials
Revenue & EPS history
Maravai · Revenue · Quarterly
$49.9M
Revenue by segment
Maravai · $66.9M total across 2 segments · Q3 2023
- TriLink$51.2M-70.7%76.6%
- Cygnus$15.6M-4.5%23.4%
Forward guidance
For 2026, Maravai guides revenue of $200–210 million and adjusted EBITDA of $18–20 million as it drives operational excellence and revenue growth.
Tailwinds
- Q4 return to positive adjusted EBITDA ahead of plan.
- 2026 guidance implies meaningful EBITDA inflection.
- Critical inputs for mRNA and nucleic acid therapeutics demand.
Headwinds
- Large GAAP losses from impairments and restructuring.
- Post-pandemic biotech funding cyclicality.
- Customer inventory destocking risk in nucleotide demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
-0.2%
Avg return
Earnings day
+2.1%
Avg return
5 days after
+1.1%
Avg return
30 days after
42%
10 / 24 earnings
Positive
+58.9%
Q4 2023
Best reaction
-36.7%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +23.4% | +10.9% | +27.5% | |
| Q4 2025 | +9.9% | +13.2% | -12.3% | |
| Q3 2025 | -0.7% | +12.5% | +28.0% | |
| Q1 2025 | -2.4% | -0.9% | +6.6% | |
| Q4 2024 | -6.4% | -13.2% | -31.4% | |
| Q3 2024 | -36.7% | -29.0% | -37.1% | |
| Q2 2024 | -6.7% | -4.3% | -0.4% | |
| Q1 2024 | +10.0% | +17.5% | -3.9% | |
| Q4 2023 | +58.9% | +57.0% | +66.5% | |
| Q3 2023 | -31.3% | -25.0% | -24.3% | |
| Q2 2023 | -3.5% | -10.1% | -5.7% | |
| Q1 2023 | -16.4% | +2.5% | -3.3% | |
| Q4 2022 | +6.9% | +3.2% | -2.4% | |
| Q3 2022 | -11.7% | -13.8% | -15.3% | |
| Q2 2022 | +2.2% | -3.5% | -20.7% | |
| Q1 2022 | +6.1% | -2.9% | +6.7% | |
| Q4 2019 | +1.4% | +1.1% | -9.7% | |
| Q4 2021 | -1.6% | +14.8% | +7.0% | |
| Q3 2020 | -1.7% | -0.4% | +6.3% | |
| Q3 2021 | +1.6% | +3.1% | +10.1% | |
| Q2 2021 | -5.7% | +8.8% | +0.6% | |
| Q1 2020 | +4.0% | +8.6% | +26.5% | |
| Q1 2021 | -4.8% | +2.1% | +13.1% | |
| Q4 2020 | -0.4% | -2.4% | -6.3% | |
| Q2 2020 | — | — | — |
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