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Ocugen (OCGN) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 6, 2026

Ocugen (OCGN) reported revenue of $1.5M for the second quarter 2026 (Q2 2026), +8% from a year earlier and -3% from the quarter before.

Revenue$1.5M
Year over year+8%
Quarter over quarter-3%
Operating margin—
Net earnings−$24.9M

Ocugen, Q2 2026: revenue $1.5M (+8% year over year), net loss $24.9M, operating cash flow −$12.2M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$1.5M-3%+8%
Operating profit−$16.4M——
Net earnings−$24.9M——
Operating cash flow−$12.2M——

What changed

Revenue was $1.5M in Q2 2026, up 8% year over year and down 3% from the previous quarter.

Operating costs exceeded revenue by $16.4M, an operating margin of -1105.1%. Total costs grew 18% against revenue growth of 8%. The fastest-growing cost line was Research & development (+27%). The quarter ended with a net loss of $24.9M, wider than the previous quarter's $19.2M loss.

Operating cash flow was −$12.2M. Non-cash charges added back $600K of depreciation and $1.8M of share-based compensation. Working capital and other items added $10.2M. Capital expenditures of $21K exceeded it, leaving free cash flow of −$12.2M.

Questions

What was Ocugen's revenue in the second quarter 2026?

Ocugen (OCGN) reported revenue of $1.5M for the second quarter 2026 (Q2 2026), +8% from a year earlier and -3% from the quarter before.

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Source: Ocugen 10-Q on SEC EDGAR.