Precigen
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Precigen (PGEN) investor relations material

Precigen Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary4 Nov, 2026

Executive summary

  • PAPZIMEOS generated $72.9 million in Q3 net product revenue, up 37% QoQ; launch-to-date revenue reached ~$151 million through Q3.

  • Q3 net income was $35.8 million and operating cash flow was $11.9 million, with positive operating cash flow arriving a quarter ahead of guidance.

  • Commercial adoption exceeded 500 treatment starts and 300 treatment completions; AdenoVerse received FDA Platform Technology Designation.

Financial highlights

  • Q3 total revenue was $74.1 million, including $72.9 million of PAPZIMEOS revenue, versus $2.9 million in Q3 2025; 9M revenue was $152.4 million.

  • Q3 operating income was $38.7 million versus a $34.5 million operating loss in Q3 2025; 9M operating income was $55.3 million versus an $88.8 million operating loss.

  • Net income was $35.8 million in Q3 and $47.9 million for 9M 2026.

  • Q3 R&D expense was $6.6 million, down $5.7 million YoY; SG&A was $22.4 million, down $1.6 million YoY.

  • Q3 gross profit was $67.6 million, with a 91% gross margin; Q3 basic/diluted EPS was $0.10/$0.08.

Outlook and guidance

  • Management expects continued PAPZIMEOS revenue momentum and spending discipline; no Q4 revenue guidance was given.

  • U.S. PAPZIMEOS gross margins are expected to stabilize in the high-80% to low-90% range; product costs may rise as a percentage of revenue as pre-launch inventory is depleted.

  • The redosing study is enrolling, with data anticipated in 2028; pediatric development and geographic expansion are lifecycle priorities, and EMA review is ongoing.

  • R&D Day is expected to include Phase II PRGN-2009 data in HPV-associated oropharyngeal cancer and a development update.

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Frequently asked questions

Precigen Inc is an innovator in the discovery and development of next-generation gene and cell therapies, with a mission to enhance the lives of patients through transformational technologies. The company operates in two segments, Precigen, Inc. and Cell Therapy Systems (CTS). The Precigen, Inc. segment discovers and develops the next generation of gene and cellular therapies that address medical needs in cancer, infectious disease and immunological disorders.