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How Celularity (CELU) makes money

Celularity (CELU) made $5.4M of revenue in the second quarter 2026 (Q2 2026), -5% from a year earlier. Product brought in $4.1M (75%); License Royalty and Other brought in $719K (13%); Service brought in $652K (12%).

Drawing the Sankey…

Celularity revenue by segment, Q2 2026Celularity revenue by segment, Q2 2026Product$4.1MLicense Royalty and Other$719KService$652K
Celularity: revenue by line, Q1 2025 to Q2 2026Celularity: revenue by line, Q1 2025 to Q2 2026ProductServiceLicense Royalty and O…License, Royalty and …Product: $4.1M latest$4.1MService: $652K latestLicense Royalty and Other: $719K latestLicense, Royalty and Other: $0 latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
License Royalty and Other went from 9% of revenue in Q1 2025 to 13% in Q2 2026, the largest shift in the mix.
Celularity revenue by quarterCelularity revenue by quarter$18.1MQ4 2024$11.4MQ1 2025$5.7MQ2 2025$5.3MQ3 2025$4.1MQ4 2025$3.8MQ1 2026$5.4MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Product$4.1M74.8%+369%+71%
License Royalty and Other$719K13.2%-58%-65%
Service$652K12.0%-48%-49%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$5.4M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$5.4M-5%
Q1 2026$3.8M-66%
Q4 2025$4.1M-77%
Q3 2025$5.3M-43%
Q2 2025$5.7M-53%
Q1 2025$11.4M-22%
Q4 2024$18.1M+50%

From Celularity's 10-Q filed Oct 20, 2026 (on EDGAR).

Questions

How does Celularity make money?

Celularity (CELU) made $5.4M of revenue in the second quarter 2026 (Q2 2026), -5% from a year earlier. Product brought in $4.1M (75%); License Royalty and Other brought in $719K (13%); Service brought in $652K (12%).

What is Celularity's biggest business?

Product: $4.1M in the second quarter 2026, 75% of revenue, +71% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.