# Ocugen share price today (Ocugen, Inc., OCGN)

> Ocugen, Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. The latest quarter's profit comes from a one-off item larger than a full quarter's revenue, not from the business. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. OCGN · Healthcare · Biotechnology · data as of 4 November 2026. Page: https://www.sectoralpha.in/us/stocks/ocgn

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## Key numbers

- Price: $0.87 (−36.0% in a year)
- Revenue (Jun 2026): $1.5 M (+8.4% on a year ago)
- Profit (Jun 2026), incl. one-off: −$24.9 M (one-off item, see below)
- ROE: 558%, FY25

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Ocugen share price today? Ocugen, Inc.'s share price was $0.87 at the close on 4 November 2026. That is 38.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between $1 and $2, and at that close it sat 10% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 9 weeks running. Over the last 1 year the share price moved −24% while the S&P 500 moved +18%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 4 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Ocugen pay? Ocugen, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Ocugen on? Ocugen is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Ocugen profitable? Ocugen, Inc. posted a net loss of $24.9 M in the Jun 2026 quarter. That quarter includes a one-off gain bigger than its revenue, so the comparison with last year does not reflect normal business. The full FY25 year was a loss of $67.8 M. That loss is 1,671.8% of the quarter's revenue. The same quarter a year earlier lost $14.7 M. 12 of the last 12 reported quarters were loss-making. Read this profit with care: at −$24.9 M it is bigger than the quarter's whole revenue of $1.5 M. No business earns more than it takes in from sales, so this is a one-off item (for example a debt settlement, a tax write-back or an asset sale), not money the business earned. The underlying business is running at a −1,105.1% operating margin. The jump on last year, and any P/E built on this profit, come from the one-off, not from a real turn in earnings. ## How much revenue does Ocugen make, and is it growing? Ocugen, Inc. reported $1.5 M of revenue in the Jun 2026 quarter, +8.4% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 3 years it has grown 21.0% a year on average. The last full year, FY25, came in at $4.4 M. The last four reported quarters add to $4.6 M. FY25 revenue was $4.4 M, +8.8% on the year before. Recent pace: the last four quarters grew −14.8% on average, against 21.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −3.7%, against −20.6% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Ocugen keep? Ocugen, Inc. has almost no sales yet: FY25 revenue was $4.4 M. On sales that small an operating margin is not a useful reading, so this section is left out until sales grow. ## Is Ocugen's profit turning into cash? Ocugen, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 its operations used $57.0 M of cash, against −$67.8 M of profit. After $185 K of spending on assets, free cash was −$57.1 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Ocugen's cash go? Ocugen, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $14.0 M on assets over the last 3 years. Averaged over those years that is 106.1% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $14.0 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is Ocugen's P/E ratio, and how does it compare with its own history? Ocugen, Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Ocugen, Inc. at 67.2× its FY25 revenue of $4.4 M. The P/E comes back here once profit turns positive. ## Is the Ocugen business getting better or worse? Ocugen, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 8 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Ocugen earn on its capital? Ocugen, Inc. earned a ROE of 558% in FY25. That is up from a low of −182% in FY24. Its return on capital used (ROIC) is left out: on sales this small it reads −80%, a number that says nothing useful about the business. ## Does Ocugen have too much debt? Ocugen, Inc.'s net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from 0.03 in FY21 to −2.72 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Ocugen shareholding pattern? 32.0% of Ocugen, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 14.3 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Ocugen from balance-sheet trouble? For Ocugen, Inc., the Z-score is −5.17. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of −5.17 is inside the danger zone, so the balance sheet is a real risk. ## How does Ocugen rank in its industry? There is no score against its industry: Ocugen, Inc. is not among the largest members shown in this industry comparison for Biotechnology. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Ocugen compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Ocugen in size? Ocugen is the 174th largest of 211 Biotechnology companies on Sector Alpha by market value (scores of 5 November 2026). Just above it: ARS Pharmaceuticals, Inc., Century Therapeutics, Inc. and vTv Therapeutics Inc. Just below it: SAB Biotherapeutics, Inc., Fulcrum Therapeutics, Inc. and Inhibikase Therapeutics, Inc. ### Biotechnology companies close in size

1. [ARS Pharmaceuticals, Inc.](https://www.sectoralpha.in/us/stocks/spry) $303 million
2. [Century Therapeutics, Inc.](https://www.sectoralpha.in/us/stocks/ipsc) $302 million
3. [vTv Therapeutics Inc.](https://www.sectoralpha.in/us/stocks/vtvt) $299 million
4. Ocugen, Inc. $297 million
5. [SAB Biotherapeutics, Inc.](https://www.sectoralpha.in/us/stocks/sabs) $289 million
6. [Fulcrum Therapeutics, Inc.](https://www.sectoralpha.in/us/stocks/fulc) $288 million
7. [Inhibikase Therapeutics, Inc.](https://www.sectoralpha.in/us/stocks/ikt) $285 million

[All 211 Biotechnology companies, largest first](https://www.sectoralpha.in/us/sectors/biotechnology#all-companies)

### Companies close in size in other industries

1. [Amarin Corporation plc](https://www.sectoralpha.in/us/stocks/amrn) $254 million · Drug Manufacturers - General
2. [Oatly Group AB](https://www.sectoralpha.in/us/stocks/otly) $253 million · Packaged Foods
3. Ocugen, Inc. $253 million
4. [Gencor Industries, Inc.](https://www.sectoralpha.in/us/stocks/genc) $253 million · Farm & Heavy Construction Machinery
5. [Apartment Investment and Management Company](https://www.sectoralpha.in/us/stocks/aiv) $252 million · REIT - Residential

## What else do people ask about Ocugen? ### What were Ocugen's latest quarterly results? Ocugen, Inc. reported revenue of $1.5 M and a net loss of $24.9 M for the Jun 2026 quarter. Earnings per share were −$0.07. The operating margin was −1,105.1%, 100.4 percentage points lower than a year earlier (as of 4 November 2026). ### What is Ocugen's market cap? Ocugen, Inc.'s market capitalisation is $297 M at a stock price of $0.87. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Ocugen performing? Ocugen, Inc.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 9 weeks running. This describes what the data did, not a rating (as of 4 November 2026). ### Will Ocugen's stock price go up? This page does not forecast Ocugen, Inc.'s stock price. What it shows instead: the stock price is $0.87. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026). ### Does Ocugen have too much debt? Yes, Ocugen, Inc. has a lot of debt: its debt is 5.74× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### What could break the Ocugen story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Ocugen a stock worth studying right now? What the numbers show: Ocugen, Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. The latest quarter's profit comes from a one-off item larger than a full quarter's revenue, not from the business. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). This is research, not advice. We’re not SEBI-registered.