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How Maravai Lifesciences Holdings (MRVI) makes money

Maravai Lifesciences Holdings (MRVI) made $45.9M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. TriLink brought in $28.4M (62%); Cygnus brought in $17.5M (38%).

Drawing the Sankey…

Maravai Lifesciences Holdings revenue by segment, Q3 2026Maravai Lifesciences Holdings revenue by segment, Q3 2026TriLink$28.4MCygnus$17.5M
Maravai Lifesciences Holdings: revenue by line, Q1 2026 to Q3 2026Maravai Lifesciences Holdings: revenue by line, Q1 2026 to Q3 2026TriLinkCygnusTriLink: $28.4M latest$28.4MCygnus: $17.5M latest$17.5MQ1 2026Q2 2026Q3 2026
TriLink went from 72% of revenue in Q1 2026 to 62% in Q3 2026, the largest shift in the mix.
Maravai Lifesciences Holdings revenue by quarterMaravai Lifesciences Holdings revenue by quarter$46.9MQ1 2025$47.4MQ2 2025$41.6MQ3 2025$49.9MQ4 2025$65.8MQ1 2026$51.4MQ2 2026$45.9MQ3 2026
Maravai Lifesciences Holdings: where each dollar of revenue goesMaravai Lifesciences Holdings: where each dollar of revenue goesOperating cash flow11¢Free cash flow10¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
TriLink$28.4M61.8%-18%+12%
Cygnus$17.5M38.2%+4%+8%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$45.9M100.0%
Operating cash flow$5.0M10.9%
Free cash flow$4.5M9.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$45.9M+10%
Q2 2026$51.4M+8%
Q1 2026$65.8M+40%
Q4 2025$49.9M-12%
Q3 2025$41.6M-40%
Q2 2025$47.4M-32%
Q1 2025$46.9M-27%

From Maravai Lifesciences Holdings' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Maravai Lifesciences Holdings make money?

Maravai Lifesciences Holdings (MRVI) made $45.9M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. TriLink brought in $28.4M (62%); Cygnus brought in $17.5M (38%).

What is Maravai Lifesciences Holdings' biggest business?

TriLink: $28.4M in the third quarter 2026, 62% of revenue, +12% 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.