Ocugen, Inc. (OCGN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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OCGN Revenue Growth
OCGN Revenue Analysis (2014–2025)
As of May 8, 2026, Ocugen, Inc. (OCGN) generated trailing twelve-month (TTM) revenue of $4.4 million, reflecting significant decline in growth of -125.3% year-over-year. The most recent quarter (Q4 2025) recorded $-193,000 in revenue, down 111.0% sequentially.
Looking at the longer-term picture, OCGN's 5-year compound annual growth rate (CAGR) stands at +152.5%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $6.0 million in 2023.
When compared to Healthcare sector peers including BEAM (+108.0% YoY), NTLA (+16.9% YoY), and CRSP (-88.9% YoY), OCGN has underperformed the peer group in terms of revenue growth. Compare OCGN vs BEAM →
OCGN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OCGNCurrent | $4M | -125.3% | +152.5% | -1425.7% | |
 BEAM | $140M | +108.0% | +466.3% | -274.6% | |
 NTLA | $68M | +16.9% | +3.1% | -651.7% | |
 CRSP | $4M | -88.9% | +37.3% | -16191.4% |
OCGN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.4M | +8.8% | $2.0M | 45.9% | $-62,916,000 | -1425.7% |
| 2024 | $4.1M | -32.8% | $2.1M | 51.5% | $-54,757,000 | -1350.4% |
| 2023 | $6.0M | +142.6% | $5.3M | 88.3% | $-65,531,000 | -1085.7% |
| 2022 | $2.5M | - | $2.5M | 100.0% | $-89,071,000 | -3580.0% |
| 2021 | $0 | -100.0% | $0 | - | $-58,028,000 | - |
| 2020 | $43K | - | $-6,311,000 | -14676.7% | $-21,285,000 | -49500.0% |
| 2019 | $0 | - | $-8,086,000 | - | $-14,163,000 | - |
| 2018 | $0 | - | $-49,623 | - | $-30,108,000 | - |
| 2017 | $0 | - | $-1,534,000 | - | $-24,950,000 | - |
| 2016 | $0 | - | $-1,673,000 | - | $-30,307,000 | - |
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Start ComparisonOCGN — Frequently Asked Questions
Quick answers to the most common questions about buying OCGN stock.
Is OCGN's revenue growth accelerating or slowing?
OCGN revenue declined -125.3% year-over-year, contrasting with the 5-year CAGR of +152.5%. TTM revenue fell to $4M. This reverses the prior growth trend.
What is OCGN's long-term revenue growth rate?
Ocugen, Inc.'s 5-year revenue CAGR of +152.5% reflects the variable expansion pattern. Current YoY growth of -125.3% is below this long-term average.
How is OCGN's revenue distributed by segment?
OCGN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.