Repligen Corp (RGEN)
NASDAQ:RGEN
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Repligen
(NASDAQ:RGEN)
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Rating:64Neutral
Price Target:
$126.00
▼(-3.97% Downside)
Action:ReiteratedDate:05/05/26
The score reflects improving fundamentals and a strong, guidance-supported outlook from the latest earnings call, partially offset by weak technical trend signals and a very demanding valuation (high P/E with no dividend support).
Positive Factors
Recurring consumables revenue
Repligen's business relies on consumables and single-use components that are regularly replaced during manufacturing campaigns. That creates durable, repeatable revenue tied to customers' production volumes, supporting predictable top-line and steady cash flows as biopharma customers scale commercial output.
Negative Factors
Margins below historical peaks
Although profitability recovered in 2025, margins are materially lower than earlier peak years. This compresses returns on a sizable equity base and limits excess free cash generation, meaning margin restoration is a prerequisite for sustainably higher ROE and more aggressive capital deployment over the next 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring consumables revenue
Repligen's business relies on consumables and single-use components that are regularly replaced during manufacturing campaigns. That creates durable, repeatable revenue tied to customers' production volumes, supporting predictable top-line and steady cash flows as biopharma customers scale commercial output.
Read all positive factors
Repligen (RGEN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.09B
Dividend YieldN/A
Average Volume (3M)882.42K
Price to Earnings (P/E)199.2
Beta (1Y)0.97
Revenue Growth17.36%
EPS GrowthN/A
CountryUS
Employees1,778
SectorHealthcare
Sector Strength45
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)0.86
Shares Outstanding56,399,273
10 Day Avg. Volume783,136
30 Day Avg. Volume882,418
Financial Highlights & Ratios
PEG Ratio-0.65
Price to Book (P/B)4.38
Price to Sales (P/S)12.48
P/FCF Ratio98.13
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue9.75
Enterprise Value/Gross Profit19.15
Enterprise Value/Ebitda40.75
Forecast
1Y Price Target
$175.07Price Target Upside33.43% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)1.97
Revenue Forecast (FY)$827.32M
Repligen Business Overview & Revenue Model
Company Description
Repligen Corporation develops and commercializes bioprocessing technologies and systems for use in biological drug manufacturing process in North America, Europe, the Asia Pacific, and internationally. It offers Protein A ligands that are the bind...
How the Company Makes Money
Repligen makes money primarily by selling bioprocessing products and related consumables to biopharmaceutical and life sciences customers, generating revenue as these products are used across development and commercial-scale manufacturing. A signi...
Repligen Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 04, 2026
Earnings Call Sentiment Positive
The call was predominantly positive: the company reported healthy top-line growth ($194M, +15% reported, +11% organic), notable margin expansion (gross margin +180 bps, operating margin +160 bps), strong franchise performances (Analytics +50%+, Chromatography >25%, Proteins mid-teens), solid cash position ($785M), and raised adjusted EPS guidance. Management launched a transformation office targeting at least 1 point of annualized margin benefit by end of 2027 and announced a strategic OEM partnership in China. Key headwinds are mostly timing and structural: divestiture of a loss-making Polymem reduced revenue (~$7M), ATF/gene therapy customer timing moderated near-term growth (expected to rebound in 2027), some Q1 margin benefits may normalize, and there is execution risk around customer readiness for capital equipment and competition in China. Overall, positives (growth, margins, guidance, strategic initiatives, cash) materially outweigh the manageable lowlights tied to timing, one-off costs, and a small divestiture impact.Positive Updates
Strong Q1 Revenue and Organic Growth
Reported revenue of $194M in Q1, up 15% year-over-year; 11% organic growth excluding acquisitions and FX; FX contributed ~3 percentage points and two months of inorganic revenue from an upstream Analytics acquisition.
Negative Updates
Polymem Divestiture Reduced Revenue
Sale of noncore Polymem business (France) removed approximately $7M of full-year revenue and reflected a prior adjusted operating loss; divestiture improves margin profile but lowers reported revenue guidance by ~$7M.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Q1 Revenue and Organic Growth
Reported revenue of $194M in Q1, up 15% year-over-year; 11% organic growth excluding acquisitions and FX; FX contributed ~3 percentage points and two months of inorganic revenue from an upstream Analytics acquisition.
Read all positive updates
Company Guidance
Repligen reiterated full‑year 2026 guidance of $803–$833M of revenue (9%–13% reported and organic growth), reflecting the Polymem divestiture (≈$7M revenue removal) and just under a 1‑point FX benefit; segment assumptions are mid‑single‑digit Filtration, >20% Chromatography, proteins > low‑double‑digits, and Analytics >20%. They expect 110–160 bps of gross‑margin expansion, $124–$132M of adjusted operating income (160–200 bps operating‑margin expansion, ~30 bps higher at the midpoint versus prior guide), $90M of adjusted other income, a 22–23% adjusted tax rate, and adjusted diluted EPS of $1.97–$2.05 (up $0.26–$0.34 y/y and $0.04 above prior guide). Management said Q2 organic growth should be similar to Q1, Q2 gross margin will be slightly below the full‑year range (Q3 likely the lowest‑margin quarter), CapEx of ~3–4% of revenue, a couple million dollars of tariff surcharges, $5–$6M of excluded one‑time transformation charges through 2027, and at least a 1‑point annualized margin benefit from the transformation office by end‑2027.Repligen Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 738.26M | 634.44M | 632.36M | 801.54M | 670.53M |
| Gross Profit | 347.62M | 274.64M | 278.44M | 455.71M | 391.25M |
| EBITDA | 164.30M | 80.26M | 145.32M | 277.31M | 203.27M |
| Net Income | 48.89M | -25.51M | 35.60M | 185.96M | 128.29M |
Balance Sheet | |||||
| Total Assets | 2.95B | 2.83B | 2.83B | 2.53B | 2.36B |
| Cash, Cash Equivalents and Short-Term Investments | 767.63M | 757.36M | 751.32M | 623.76M | 603.81M |
| Total Debt | 689.95M | 686.25M | 711.80M | 422.96M | 366.05M |
| Total Liabilities | 843.57M | 856.95M | 866.34M | 620.90M | 608.29M |
| Stockholders Equity | 2.11B | 1.97B | 1.96B | 1.91B | 1.75B |
Cash Flow | |||||
| Free Cash Flow | 93.90M | 142.49M | 74.93M | 38.74M | 47.74M |
| Operating Cash Flow | 117.42M | 175.39M | 113.92M | 172.08M | 119.02M |
| Investing Cash Flow | -298.47M | -86.38M | -123.28M | -233.24M | -221.17M |
| Financing Cash Flow | -15.21M | -82.90M | 248.96M | -13.34M | 961.00K |
Repligen Technical Analysis
Neutral
131.21
Price Trends
125.20
Positive
144.26
Negative
138.33
Negative
Market Momentum
1.27
Negative
61.45
Neutral
81.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RGEN, the sentiment is Neutral. The current price of 131.21 is above the 20-day moving average (MA) of 119.33, above the 50-day MA of 125.20, and below the 200-day MA of 138.33, indicating a neutral trend. The MACD of 1.27 indicates Negative momentum. The RSI at 61.45 is Neutral, neither overbought nor oversold. The STOCH value of 81.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RGEN.
Repligen Risk Analysis
Repligen disclosed 41 risk factors in its most recent earnings report. Repligen reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Repligen Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $3.68B | 25.02 | 8.52% | ― | 11.34% | 12.26% | |
64 Neutral | $7.09B | 199.20 | 2.46% | ― | 17.36% | ― | |
63 Neutral | $5.19B | 24.79 | 9.72% | 0.29% | 12.70% | 24.60% | |
57 Neutral | $5.45B | -1.89 | -23.70% | 1.11% | -2.75% | -1515.83% | |
55 Neutral | $7.83B | 27.77 | 14.33% | 1.50% | 8.95% | 6.13% | |
55 Neutral | $5.70B | -19.89 | -3.41% | ― | 7.85% | 39.85% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
RGEN
Repligen
125.76
-1.12
-0.88%
ATR
AptarGroup
122.63
-26.61
-17.83%
MMSI
Merit Medical Systems
61.63
-32.59
-34.59%
TFX
Teleflex
123.23
2.54
2.11%
STVN
Stevanato Group
19.00
-2.74
-12.60%
BLCO
Bausch + Lomb Corporation
16.00
4.60
40.35%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.