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Precigen (PGEN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Precigen (PGEN) Q3 2026 earnings results →

Q3 2026 Revenue up 2438% year over year to $74.1M · 48¢ of every $1 of revenue kept as net profit · operating margin 52.1%

Precigen made $74.1M in Q3 2026 (25× Y/Y): Product revenues, net $73.0M, Service revenues $1.2M. Operating margin 52.1%, net earnings $35.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$74.1M
Year over year25×
Operating margin52.1%
Net earnings$35.8M
Operating cash flow$11.9M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $74.1M in Q3 2026, up 2438% year over year and up 35% from the previous quarter. Product revenues, net was the largest line at 98% of revenue. Product revenues, net added $72.8M year over year (up 44936%), 102% of the total change.

Operating profit was $38.6M, a 52.1% margin (up 1232.2 points year over year). Total costs fell 5% while revenue rose 2438%. The fastest-growing cost line was Other operating costs (+529%). Net earnings were $35.8M. The effective tax rate was 0.6%.

Operating cash flow was $11.9M, 33% of net earnings. Non-cash charges added back $1.1M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $28.8M. Capital expenditures of $435K left free cash flow of $11.4M.

Quarterly history

Precigen revenue by quarterPrecigen revenue by quarter$1.3MQ1 2025$856KQ2 2025$23.3MQ1 2026$55.0MQ2 2026$74.1MQ3 2026
Precigen net earnings by quarterPrecigen net earnings by quarter−$54.2MQ1 2025−$26.6MQ2 2025−$7.9MQ1 2026$20.1MQ2 2026$35.8MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$74.1M25×52.1%$35.8M$11.9M
Q2 202610-QAug 4, 2026$55.0M64×41.2%$20.1M−$17.8M
Q1 202610-QMay 13, 2026$23.3M17×-25.8%−$7.9M−$43.8M
Q2 202510-QAug 12, 2025$856K—n/m−$26.6M−$19.0M
Q1 202510-QMay 14, 2025$1.3M—n/m−$54.2M−$16.3M

Charts

Precigen: revenue growth, year over year and quarter over quarterPrecigen: revenue growth, year over year and quarter over quarterY/YQ/Q-36%Q2 2025+400%+400%Q1 2026+400%+136%Q2 2026+400%+35%Q3 2026
Latest (Q3 2026): Y/Y +400%, Q/Q +35%.
Precigen: where the cash came from (+) and went (−), TTM to Q3 2026Precigen: where the cash came from (+) and went (−), TTM to Q3 2026Other investing$74.7MOperating cash flow−$73.2MShares issued$2.7MTaxes on employees’ shares−$1.7MCapital spending−$1.1MNet borrowing (+) / repaid (−)−$654KCash drawn (+) / kept (−)−$637KExchange rates$6K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Precigen: profit against cash, quarter by quarterPrecigen: profit against cash, quarter by quarterNet incomeOperating cash flow−$19.7M−$8.2MQ4 2024−$54.2M−$16.3MQ1 2025−$26.6M−$19.0MQ2 2025−$146M−$29.1MQ3 2025−$23.5M−$23.5MQ4 2025−$7.9M−$43.8MQ1 2026$20.1M−$17.8MQ2 2026$35.8M$11.9MQ3 2026
Latest (Q3 2026): Net income $35.8M, Operating cash flow $11.9M.
Precigen: diluted shares by fiscal yearPrecigen: diluted shares by fiscal year167MFY2020198MFY2021200MFY2022245MFY2023268MFY2024313MFY2025
+87.3% since FY2020: more shares outstanding (issuance, stock pay).
Precigen: long-term debt falling due (FY2025)Precigen: long-term debt falling due (FY2025)$12.5M2028$50.0M2029$37.5M2030
Cash $30.2M, short-term investments $67.6M, long-term debt $93.2M at 2025-12-31.
Precigen in its industry: growth against margin (225 companies, SIC 2834)Precigen in its industry: growth against margin (225 companies, SIC 2834)revenue growth, year over year →↑ operating marginmedian +11%median -50%JNJLLYMRKABBVPFEBMYABTREGNTEVAVTRSVRTXBHCZTSONCOGNALNYELANJAZZBMRNPRGOAMRXUTHRRPRXNRIXINSMKeenova Therapeutics plcALKSMDGLPAHCSRPTPTCTINDVBBIOACADCORTPBHANIPKNSAPTGXHRMYIONSAXSMTGTXSUPNTVTXCOLLVREOFAMPHMIRMPCRXRARELQDAARQTIRWDARDXNATRXNCREBSZLABXERSINVACRMDMNKDRYTMURGNPHATAUPHSNDXRIGLLGNDEOLSARWRHROWVNDAOPKSDGRGERNETONAGIOPBYITNGXCYRXCYTKMRVIORGONUVBLFVNSIGAKROSAMRNZVRASPRYHRTXAKBABCYCKPTIGYREMGNXELTPSEPNVRDNLFCRCrinetics Pharmaceuticals, Inc.VSTMKURATBPHLABADCTNAMSFBIOXLODERMARCTRMTIAYTUFHTXENTATNXPOCULASMBWVEAPMDBFRIABEOSTOKLXRXCAPRIDYANKTRZOMDFINBPJANXSBFMGOSSETSTRCUSCPIXLIFDCUEAQSTPRAXWHWKVERUEMMAGENBVRCACELUQUREZYMEEQABCLIMNMKYNBAKTSRNACVSICNTBTRAWISCOEVFMTVRDLPCNCAMPAtaiBeckley Inc.CTMXALMSPMHSACRSVTGNROIVKRROJAGXENSCKRSAABUSPRPHSTTKCPHITRDATXMDGOVXNWBOBIOEUPBIRDOVIDSPRBXBIOPRTAMCRBARVNMNOVSLNIGCBIOALGVNDNTHCPMDSPRORFLCOYASCYXBFRGSXTPBTAIQHCWBSERYARWRNACRGBPAVTXCLNNNTHIHINDAAGHALTONCOCRVOSKVIBOLTBDPTLYELIBOPULMPGEN (+300%, 52%)
Pharmaceutical Preparations; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Precigen

We are a commercial-stage biopharmaceutical company specializing in the advancement of innovative precision medicines to improve the lives of patients. We are leveraging our proprietary technology platforms to develop product candidates designed to target urgent and intractable diseases in our core therapeutic areas of immuno-oncology, autoimmune disorders, and infectious diseases. We believe that our array of technology platforms uniquely positions us among other biotechnology companies to advance precision medicine. Precision medicine is the practice of therapeutic product development that takes into account specific genetic variations within populations impacted by a disease to design targeted therapies to improve outcomes for a disease or patient population.

In its own words, from its 10-K, filed Mar 25, 2026.

Precigen against its Pharmaceutical Preparations peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: 25× against the peers' median +10%. Operating margin: 52.1% against the peers' median 30.7%.

CompanyQuarterRevenueY/YOp. margin
PGEN PrecigenQ3 2026$74.1M25×52.1%
JNJ Johnson & JohnsonQ3 2026$25.4B+6%0.1%
LLY ELI LillyQ3 2026$24.4B+39%34.5%
MRK MerckQ3 2026$18.1B+5%30.7%
ABBV AbbVieQ3 2026$17.4B+10%36.0%
PFE PfizerQ3 2026$16.6B-0.4%20.4%
BMY Bristol Myers SquibbQ3 2026$13.1B+7%19.4%
ABT Abbott LaboratoriesQ3 2026$13.0B+14%10.4%
REGN Regeneron PharmaceuticalsQ3 2026$5.1B+36%40.0%

Source: Precigen 10-Q on SEC EDGAR · CIK 1356090 · Pharmaceutical Preparations

Guidance and outlook

Precigen: what its forward-looking statements are about (10-Q filed 2026-11-04)Precigen: what its forward-looking statements are about (10-Q filed 2026-11-04)Other6Products3Demand3Financing2Costs1Buybacks & dividends1Legal & regulation1
17 statements; tone +0.23 (−1 all cautious, +1 all confident); 2 hedged.
Precigen: outlook statements against the filing beforePrecigen: outlook statements against the filing beforeConfident4

13F: who owns PGEN and who is buying

Largest holders of PGEN (13F)Largest holders of PGEN (13F)Patient Capital Management, LLC$109MBlackRock$97.7MState Street$68.4MDiametric Capital, LP$52.8MVanguard Capital Management LLC$45.1MVanguard Group$43.8MTang Capital Management LLC$36.6MBoxer Capital Management, LLC$29.4MGeode Capital Management, LLC$28.6MIridian Asset Management LLC$26.2M
Funds' net buying of PGEN by quarter (13F)Funds' net buying of PGEN by quarter (13F)$2.7M2024-09$657K2024-12$7.4M2025-03$2.9M2025-06$85.9M2025-09$93.1M2025-12−$17.7M2026-03$39.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PGEN

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q2 2025 results · Q1 2025 results

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