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Thursday, February 26, 2026

Maravai returns to ex‑COVID growth

 

Maravai returns to ex‑COVID growth with positive Q4 2025 EBITDA, guides 2026 revenue $200–$210M and EBITDA $18–$20M

  • Ex‑COVID, Q4 revenue grew 18% and adjusted EBITDA turned positive ahead of plan.
  • Maravai beat Q4 2025 EPS and revenue estimates with non-GAAP EPS $-0.04, +33% YoY, on revenue $49.9M, -12% YoY.
  • Full-year 2025 revenue was $185.7M, modestly above guidance by about $0.7M.
  • TriLink base Q4 revenue rose 25% ex‑COVID; full-year base revenue fell 8%.

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