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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.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.
- Q2 2026 profitability reached as PAPZIMEOS revenue soared to $53.1M and adoption accelerated.PGEN
Q2 2026 - All proposals, including board elections and compensation, passed overwhelmingly without shareholder questions.PGEN
AGM 2026 - Rapidly approved gene therapy for RRP sees strong uptake and expansion into new markets.PGEN
Goldman Sachs 47th Annual Global Healthcare Conference 2026 - PAPZIMEOS launch drove $21.6M Q1 revenue, rapid adoption, and a sharply narrowed net loss.PGEN
Q1 2026 - Shareholders will vote on director elections, auditor ratification, executive pay, and a key equity plan amendment.PGEN
Proxy filing - Virtual meeting to vote on directors, auditor, compensation, and incentive plan amendment.PGEN
Proxy filing - PAPZIMEOS sets a new standard for RRP, fueling growth and pipeline expansion via a unique platform.PGEN
Fireside chat - PRGN-2012 pivotal data and cost cuts drive focus as net loss widens and FDA submission nears.PGEN
Q2 2024 - 51% complete response and 86% surgery reduction achieved, with durable efficacy and strong safety.PGEN
Study Result
Next Precigen earnings date
Next Precigen earnings date
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