SequelSEC

MARAVAI LIFESCIENCES HOLDINGS, INC. MRVI

Pharmaceutical Preparations · CIK 0001823239 · Fiscal year ends 1231

Revenue
$185.74M
Fiscal year ended 2025-12-31
Operating income
-$215.27M
Fiscal year ended 2025-12-31
Free cash flow
-$70.72M
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$300.00MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float / revenue1.6×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.8×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Pharmaceutical Preparations filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Gross margin18.3%9th
R&D / revenue9.4%14th
CapEx / revenue7.1%71th
Revenue YoY growth-28.3%30th
Current ratio6.60x67th
Long-term debt / equity0.77x65th
Net margin-70.4%58th
FCF margin-38.1%57th
Operating margin-115.9%57th
SBC / revenue16.2%43th

MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI) reported revenue of $185.74M and net income of -$130.77M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from MARAVAI LIFESCIENCES HOLDINGS, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Pharmaceutical Preparations.

Income

MARAVAI LIFESCIENCES HOLDINGS, INC. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$185.74M$259.18M$288.94M$883.00M$799.24M$284.10M$143.14M
Cost of revenue$151.75M$150.88M$148.74M$168.96M$140.56M$79.65M$66.85M
Gross profit$33.99M$108.31M$140.20M$714.04M$658.68M$204.45M$76.29M
Operating income-$215.27M-$235.62M-$31.65M$574.22M$554.64M$119.90M$23.99M
Net income-$130.77M-$144.85M-$119.03M$220.20M$182.04M$88.97M-$4.47M
Research & development$17.40M$19.22M$17.28M$18.37M$15.22M$9.30M$3.63M
Weighted-average diluted sharesshares 144.36Mshares 137.91Mshares 131.92Mshares 255.32Mshares 257.80Mshares 28.91Mshares 253.92M
Pretax income-$234.97M-$261.48M$617.74M$551.47M$530.76M$81.70M-$5.85M
Income tax expense-$4.21M-$1.86M$756.11M$60.81M$61.52M$2.88M-$652.00K
Diluted EPS$-0.90$-1.05$-0.90$1.67$1.56$2.36$-0.03
Selling, general & administrative$145.12M$161.77M$151.39M$129.26M$100.06M$94.24M$48.35M
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

MARAVAI LIFESCIENCES HOLDINGS, INC. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$216.89M$322.40M$574.96M$632.14MUnavailableUnavailableUnavailable
Total assets$770.58M$1.01B$1.49B$2.28B$1.92B$1.27BUnavailable
Current assets$296.25M$429.15M$699.91M$847.90M$740.04M$331.60MUnavailable
Total liabilities$397.87M$431.04M$697.57M$1.38B$1.37B$1.12BUnavailable
Current liabilities$44.92M$56.97M$87.47M$110.14M$93.78M$130.78MUnavailable
Total equity incl. NCI$372.71M$577.21M$789.88M$905.24M$545.36M$154.75M$144.63M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$40.50M$50.08M$51.40M$43.15M$51.56M$33.30MUnavailable
Accounts receivable$25.50M$38.52M$54.60M$138.62M$117.51M$51.02MUnavailable
Goodwill$129.43M$159.88M$326.03M$283.67M$152.77M$224.28MUnavailable
Long-term debt$286.33M$290.49M$518.71M$522.00M$524.59M$528.61MUnavailable
Accounts payable$2.91M$11.96MUnavailable$5.99M$8.15M$8.17MUnavailable

Cash flow

MARAVAI LIFESCIENCES HOLDINGS, INC. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow-$57.57M$7.46M$126.22M$535.98M$368.57M$152.19M$24.12M
Capital expenditures$13.15M$29.66M$65.55M$17.09M$14.85M$25.41M$17.15M
Investing cash flow-$31.40M-$24.32M-$122.31M-$267.61M$105.66M$6.07M-$17.15M
Financing cash flow-$16.50M-$235.71M-$61.09M-$187.50M-$159.05M$53.21M-$4.17M
Net change in cash-$105.51M-$252.56M-$57.18M$80.87M$315.09M$211.48M$2.83M
Stock-based compensation$30.17M$49.42M$34.59M$18.67M$10.46M$24.63M$1.68M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailable$0$0$33.66M$0
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

MARAVAI LIFESCIENCES HOLDINGS, INC. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow-$70.72M-$22.19M$60.67M$518.89M$353.72M$126.78M$6.97M
Gross margin18.3%41.8%48.5%80.9%82.4%72.0%53.3%
Operating margin-115.9%-90.9%-11.0%65.0%69.4%42.2%16.8%
FCF margin-38.1%-8.6%21.0%58.8%44.3%44.6%4.9%
SBC / revenue16.2%19.1%12.0%2.1%1.3%8.7%1.2%
Current ratio6.60x7.53x8.00x7.70x7.89x2.54xUnavailable
Revenue YoY growth-28.3%-10.3%-67.3%10.5%181.3%98.5%Unavailable
Net margin-70.4%-55.9%-41.2%24.9%22.8%31.3%-3.1%
R&D / revenue9.4%7.4%6.0%2.1%1.9%3.3%2.5%
CapEx / revenue7.1%11.4%22.7%1.9%1.9%8.9%12.0%
Long-term debt / equity0.77xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailable122.4%11.0%11.6%3.5%Unavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MRVI in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-07View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-11View SEC filing
10-Q · Filed 2025-05-12View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.