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Repligen (RGEN) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 4, 2025

Repligen (RGEN) reported revenue of $189M for the third quarter 2025 (Q3 2025), +22% from a year earlier and +4% from the quarter before. Operating margin was 8.9%, net earnings $14.9M (7.9% of revenue).

Revenue$189M
Year over year+22%
Quarter over quarter+4%
Operating margin8.9%
Net earnings$14.9M

Repligen, Q3 2025: revenue $189M (+22% year over year), operating margin 8.9%, net earnings $14.9M, operating cash flow $48.1M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$189M+4%+22%
Operating profit$16.8M+21%—
Net earnings$14.9M+0.3%—
Operating cash flow$48.1M+68%-2%
Free cash flow$43.4M+102%+3%

What changed

Revenue was $188.8M in Q3 2025, up 22% year over year and up 4% from the previous quarter. Product was the largest line at 100% of revenue. Product added $33.9M year over year (up 22%), 100% of the total change.

Operating profit was $16.8M, a 8.9% margin (up 14.0 points year over year). Total costs grew 6% against revenue growth of 22%. Net earnings were $14.9M. The effective tax rate was 12.9%.

Operating cash flow was $48.1M (down 2% year over year), 323% of net earnings. Non-cash charges added back $20.0M of depreciation and amortization and $9.0M of share-based compensation. Working capital and other items added $4.2M. Capital expenditures of $4.7M left free cash flow of $43.4M.

Questions

What was Repligen's revenue in the third quarter 2025?

Repligen (RGEN) reported revenue of $189M for the third quarter 2025 (Q3 2025), +22% from a year earlier and +4% from the quarter before.

Was Repligen profitable in the third quarter 2025?

Operating profit was $16.8M (8.9% of revenue) and net earnings $14.9M.

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Source: Repligen 10-Q on SEC EDGAR.