OCGN's Q3 revenues beat estimates. Shares surge 17.4%.
Ocugen's fundamental picture remains pre-commercial and loss-making, with revenue stuck near $1.5M per quarter against operating expenses of roughly $17.9M in 2026Q2 — a ratio of roughly 12x — while R&D held at $10.7M without any visible revenue inflection.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 4, 2026 | -$0.06+0.0% vs -$0.06 | $2M+48.1% vs $1M |
Q3 2026 Aug 6, 2026 | -$0.07-31.3% vs -$0.05 | $1M+67.4% vs $888,833 |
Q2 2026 May 5, 2026 | -$0.06-20.0% vs -$0.05 | $2M+266.9% vs $417,833 |
Q2 2026 Mar 4, 2026 | -$0.06+0.0% vs -$0.06 | $193,000-118.0% vs $1M |
OCGN's Q3 revenues beat estimates. Shares surge 17.4%.
Ocugen, Inc. ( OCGN ) Q3 2026 Earnings Call November 4, 2026 8:30 AM EST Company Participants Chris Clark - VP of Corporate Communications Shankar Musunuri - Co-Founder, CEO & Chairman Rita Johnson-Greene - CFO & Principal Accounting Officer Mohamed Genead - Chief Medical Officer Abhi Gupta - Executive Vice President of Commercial and Business Development Conference Call Participants Swayampakula Ramakanth - H.C. Wainwright & Co, LLC, Research Division Robert LeBoyer - NOBLE Capital Markets, Inc., Research Division Michael Okunewitch - Maxim Group LLC, Research Division Elemer Piros - Lucid Capital Markets, LLC, Research Division Leland Gershell - Oppenheimer & Co. Inc., Research Division Whitney Ijem - Canaccord Genuity Corp., Research Division Presentation Operator Good morning, and welcome to Ocugen's Third Quarter 2026 Financial Results and Business Update.
Ocugen NASDAQ: OCGN said its third-quarter progress centered on advancing three retinal gene therapy programs in late-stage development, expanding regional partnerships and establishing a European presence to support future commercialization efforts.
Ocugen (OCGN) came out with a quarterly loss of $0.06 per share in line with the Zacks Consensus Estimate. This compares to a loss of $0.07 per share a year ago.
Benchmark OCGN against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Ocugen, Inc. (OCGN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.93 | $313.68M | -4.80 | 8.83% | -1367.61% | -776.89% | — | |
| $21.62 | $1.82B | -8.39 | — | — | -157.78% | — | |
| $2.57 | $394.4M | -4.15 | 25.39% | -157.32% | -196.63% | — | |
| $26.41 | $2.72B | -25.82 | 120.01% | -73.04% | -9.69% | — | |
| $11.35 | $1.27B | -3.73 | 16.92% | -805.75% | -64.73% | — | |
| $50.07 | $4.83B | -10.62 | -89.97% | -1812.07% | -25.59% | — |
Ocugen, Inc. (OCGN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Ocugen, Inc. (OCGN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Jul 13, 2026·SEC
Jun 11, 2026·SEC
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Ocugen, Inc. (OCGN) stock FAQ — growth, dividends, profitability & financials explained
Ocugen, Inc. (OCGN) reported $4.8M in revenue over the trailing twelve months. Revenue was $4.4M in fiscal year 2025. That is 16873% more than the $0.0M of fiscal year 2012.
Ocugen, Inc. (OCGN) revenue fell by 11.0% over the trailing twelve months, compared with the twelve months before.
No. Ocugen, Inc. (OCGN) reported a net loss of $65.4M over the trailing twelve months.
Ocugen, Inc. (OCGN) had a return on equity (ROE) of -776.9% in fiscal year 2025. A negative ROE means the company lost money over the period.
Ocugen, Inc. (OCGN) had negative free cash flow of $63.9M over the trailing twelve months.