Maravai LifeSciences Holdings, Inc(NASDAQ:MRVI)

Maravai LifeSciences Holdings, Inc., a life sciences company, provides products to enable the development of drug therapies, diagnostics, novel vaccines, and support research on human diseases in the United States and internationally. The company's products address the key phases of biopharmaceutica...
Website: https://www.maravai.com/
Founded: 2014
CEO: Carl W. Hull
Sector: Healthcare
Industry: Biotechnology
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 65,837,000 | 49,866,000 | 41,630,000 | 47,397,000 | 46,850,000 | 56,406,000 | 65,200,000 | 73,400,000 | 64,179,000 | 74,141,000 | 66,865,000 | 68,914,000 | 79,025,000 | 204,713,000 | 191,263,000 | 242,732,000 | 244,293,000 | 228,444,000 | 204,810,000 | 217,775,000 | 148,211,000 | |
yoy | 40.53% | -11.59% | -36.15% | -35.43% | -27.00% | -23.92% | -2.49% | 6.51% | -18.79% | -63.78% | -65.04% | -71.61% | -67.65% | -10.39% | -6.61% | 11.46% | 64.83% | |||||
qoq | 32.03% | 19.78% | -12.17% | 1.17% | -16.94% | -13.49% | -11.17% | 14.37% | -13.44% | 10.88% | -2.97% | -12.79% | -61.40% | 7.03% | -21.20% | -0.64% | 6.94% | 11.54% | -5.95% | 46.94% | ||
cost of revenue | 32,136,000 | 37,024,000 | 35,975,000 | 39,629,000 | 39,125,000 | 37,444,000 | 36,826,000 | 38,271,000 | 38,335,000 | 35,108,000 | 36,686,000 | 43,273,000 | 33,676,000 | 53,253,000 | 38,176,000 | 37,496,000 | 40,032,000 | 40,633,000 | 32,047,000 | 37,513,000 | 30,368,000 | |
gross profit | 33,701,000 | 12,842,000 | 5,655,000 | |||||||||||||||||||
yoy | ||||||||||||||||||||||
qoq | 162.43% | 127.09% | ||||||||||||||||||||
gross margin % | 51.19% | 25.75% | 13.58% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
operating expenses: | ||||||||||||||||||||||
selling, general and administrative | 29,092,000 | 31,583,000 | 35,396,000 | 38,575,000 | 39,564,000 | 41,243,000 | 39,087,000 | 40,556,000 | 40,885,000 | 38,478,000 | 38,864,000 | 35,377,000 | 38,671,000 | 37,203,000 | 30,795,000 | 28,061,000 | 33,200,000 | 27,553,000 | 25,189,000 | 24,085,000 | 23,237,000 | |
research and development | 3,889,000 | 3,788,000 | 3,844,000 | 4,882,000 | 4,888,000 | 4,561,000 | 4,344,000 | 5,284,000 | 5,032,000 | 4,594,000 | 4,347,000 | 4,194,000 | 4,145,000 | 5,011,000 | 5,389,000 | 4,274,000 | 3,695,000 | 9,173,000 | 1,950,000 | 1,932,000 | 2,164,000 | |
goodwill impairment | 10,721,000 | 30,449,000 | 12,435,000 | 11,912,000 | 154,239,000 | |||||||||||||||||
restructuring | 2,878,000 | 10,441,000 | 7,386,000 | 6,000 | -4,000 | -4,000 | -1,212,000 | |||||||||||||||
total operating expenses | 35,859,000 | 71,637,000 | 46,686,000 | 113,675,000 | 96,012,000 | 94,536,000 | 234,314,000 | 82,912,000 | 83,040,000 | 81,291,000 | 82,282,000 | 80,528,000 | 76,492,000 | 95,467,000 | 74,360,000 | 62,031,000 | 76,927,000 | 77,359,000 | 47,937,000 | 63,530,000 | 55,769,000 | |
income from operations | -2,158,000 | -58,795,000 | -41,031,000 | -66,278,000 | -49,162,000 | -38,130,000 | -169,114,000 | -9,512,000 | -18,861,000 | -7,150,000 | -15,417,000 | -11,614,000 | 2,533,000 | 109,246,000 | 116,903,000 | 180,701,000 | 167,366,000 | 151,085,000 | 156,873,000 | 154,245,000 | 92,442,000 | |
yoy | -95.61% | 54.20% | -75.74% | 596.78% | 160.65% | 433.29% | 996.93% | -18.10% | -844.61% | -106.54% | -113.19% | -106.43% | -98.49% | -27.69% | -25.48% | 17.15% | 81.05% | |||||
qoq | -96.33% | 43.29% | -38.09% | 34.82% | 28.93% | -77.45% | 1677.90% | -49.57% | 163.79% | -53.62% | 32.74% | -558.51% | -97.68% | -6.55% | -35.31% | 7.97% | 10.78% | -3.69% | 1.70% | 66.86% | ||
operating margin % | -3.28% | -117.91% | -98.56% | -139.84% | -104.93% | -67.60% | -259.38% | -12.96% | -29.39% | -9.64% | -23.06% | -16.85% | 3.21% | 53.37% | 61.12% | 74.44% | 68.51% | 66.14% | 76.59% | 70.83% | 62.37% | |
other income: | ||||||||||||||||||||||
interest expense | -5,749,000 | -6,555,000 | -6,844,000 | -6,815,000 | -6,778,000 | -11,263,000 | -13,634,000 | -11,939,000 | -10,864,000 | -15,400,000 | -11,637,000 | -7,022,000 | -11,833,000 | -10,180,000 | -3,136,000 | -4,434,000 | -2,664,000 | -4,433,000 | -8,545,000 | -8,512,000 | -8,770,000 | |
interest income | 1,873,000 | 2,384,000 | 2,797,000 | 3,030,000 | 3,225,000 | 6,036,000 | 7,071,000 | 7,086,000 | 7,210,000 | 7,459,000 | 7,432,000 | 6,791,000 | 6,045,000 | |||||||||
other income | -494,000 | -1,027,250 | -71,000 | 24,000 | -596,000 | 72,000 | 106,000 | 49,000 | 66,000 | 168,000 | 914,000 | -4,000 | 7,000 | 201,000 | 78,000 | -3,000 | 3,000 | |||||
income before income taxes | -6,528,000 | -63,009,000 | -45,149,000 | -74,125,000 | -52,691,000 | -46,502,000 | -175,644,000 | -16,927,000 | -22,409,000 | 656,186,000 | -20,563,000 | -13,364,000 | -4,523,000 | 95,876,000 | 113,763,000 | 174,992,000 | 166,841,000 | 143,822,000 | 151,652,000 | 145,730,000 | 89,561,000 | |
income tax expense | -151,000 | 6,000 | -92,000 | 162,000 | -7,000 | 311,000 | 271,000 | 766,168,000 | -5,461,000 | -1,421,000 | -3,175,000 | 8,447,000 | 14,110,000 | 18,271,000 | 19,981,000 | 17,578,000 | 18,842,000 | 11,386,000 | 13,709,000 | |||
net income | -6,377,000 | -63,015,000 | -45,057,000 | -69,837,000 | -52,853,000 | -46,495,000 | -175,955,000 | -14,492,000 | -22,680,000 | -109,982,000 | -15,102,000 | -11,943,000 | -1,348,000 | 87,429,000 | 99,653,000 | 156,721,000 | 146,860,000 | 126,244,000 | 132,810,000 | 134,344,000 | 75,852,000 | |
yoy | -87.93% | 35.53% | -74.39% | 381.90% | 133.04% | -57.72% | 1065.11% | 21.34% | 1582.49% | -225.80% | -115.15% | -107.62% | -100.92% | -30.75% | -24.97% | 16.66% | 93.61% | |||||
qoq | -89.88% | 39.86% | -35.48% | 32.13% | 13.67% | -73.58% | 1114.15% | -36.10% | -79.38% | 628.26% | 26.45% | 785.98% | -101.54% | -12.27% | -36.41% | 6.71% | 16.33% | -4.94% | -1.14% | 77.11% | ||
net income margin % | -9.69% | -126.37% | -108.23% | -147.34% | -112.81% | -82.43% | -269.87% | -19.74% | -35.34% | -148.34% | -22.59% | -17.33% | -1.71% | 42.71% | 52.10% | 64.57% | 60.12% | 55.26% | 64.85% | 61.69% | 51.18% | |
net loss attributable to non-controlling interests | -2,644,000 | -27,334,000 | -19,501,000 | -30,246,000 | -22,908,000 | -23,606,500 | -76,917,000 | -6,907,000 | -10,602,000 | |||||||||||||
net loss attributable to maravai lifesciences holdings, inc. | -3,733,000 | -35,681,000 | -25,556,000 | -39,591,000 | -29,945,000 | -29,675,250 | -99,038,000 | -7,585,000 | -12,078,000 | |||||||||||||
net loss per class a common share attributable to maravai lifesciences holdings, inc., basic and diluted | -20 | -240 | -180 | -270 | -210 | -217.5 | -700 | -50 | -90 | |||||||||||||
weighted-average number of class a common shares outstanding, basic and diluted | 146,426,000 | 144,360,000 | 144,683,000 | 144,236,000 | 143,425,000 | 141,555,000 | 135,842,000 | 132,333,000 | ||||||||||||||
change in estimated fair value of contingent consideration | 60,000 | 140,000 | -630,000 | -178,000 | -1,195,000 | -3,355,000 | 2,385,000 | -2,316,000 | -7,800,000 | |||||||||||||
change in payable to related parties pursuant to the tax receivable agreement | -1,000 | -39,000 | 671,228,000 | -1,007,000 | 101,000 | -1,436,000 | -6,442,000 | |||||||||||||||
other expense | -4,062,000 | -2,562,000 | -1,620,000 | -1,275,000 | ||||||||||||||||||
income tax benefit | -4,288,000 | -2,435,000 | ||||||||||||||||||||
loss on extinguishment of debt | -208,000 | |||||||||||||||||||||
net income attributable to non-controlling interests | -4,023,000 | -8,640,000 | -5,402,000 | -1,281,000 | 49,795,000 | 55,184,000 | 85,481,000 | 79,998,000 | 70,803,000 | 78,536,000 | 85,269,000 | 52,605,000 | ||||||||||
net income attributable to maravai lifesciences holdings, inc. | -105,959,000 | -6,462,000 | -6,541,000 | -67,000 | 37,634,000 | 44,469,000 | 71,240,000 | 66,862,000 | 55,441,000 | 54,274,000 | 49,075,000 | 23,247,000 | ||||||||||
net income per class a common share attributable to maravai lifesciences holdings, inc.: | ||||||||||||||||||||||
basic | -800 | -50 | -50 | 280 | 340 | 540 | 510 | 430 | 460 | 440 | 240 | |||||||||||
diluted | -800 | -50 | -50 | 300 | 340 | 530 | 500 | 420 | 450 | 440 | 240 | |||||||||||
weighted-average number of class a common shares outstanding: | ||||||||||||||||||||||
basic | 137,906,000 | 131,919,000 | 131,930,000 | 131,864,000 | 131,739,000 | 131,545,000 | 131,540,000 | 131,524,000 | 131,489,000 | 114,791,000 | 118,433,000 | 112,203,530,000 | 96,646,515,000 | |||||||||
diluted | 137,906,000 | 131,919,000 | 131,930,000 | 131,864,000 | 131,739,000 | 255,323,000 | 131,651,000 | 255,361,000 | 255,287,000 | 257,803,000 | 258,028,000 | 112,280,375,000 | 96,672,968,000 | |||||||||
gain on sale of business | -11,249,000 | |||||||||||||||||||||
change in payable to related parties pursuant to a tax receivable agreement | 2,340,000 | -3,031,000 | 3,246,000 | 5,886,000 | ||||||||||||||||||
gain on sale and leaseback transaction | ||||||||||||||||||||||
net income per class a common share/unit attributable to maravai lifesciences holdings, inc.: | ||||||||||||||||||||||
basic | -800 | -50 | -50 | 280 | 340 | 540 | 510 | 430 | 460 | 440 | 240 | |||||||||||
diluted | -800 | -50 | -50 | 300 | 340 | 530 | 500 | 420 | 450 | 440 | 240 | |||||||||||
weighted-average number of class a common shares/units outstanding: | ||||||||||||||||||||||
basic | 137,906,000 | 131,919,000 | 131,930,000 | 131,864,000 | 131,739,000 | 131,545,000 | 131,540,000 | 131,524,000 | 131,489,000 | 114,791,000 | 118,433,000 | 112,203,530,000 | 96,646,515,000 | |||||||||
diluted | 137,906,000 | 131,919,000 | 131,930,000 | 131,864,000 | 131,739,000 | 255,323,000 | 131,651,000 | 255,361,000 | 255,287,000 | 257,803,000 | 258,028,000 | 112,280,375,000 | 96,672,968,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||
current assets: | ||||||||||||||||||||||
cash and cash equivalents | 165,922,000 | 216,890,000 | 243,574,000 | 269,907,000 | 285,053,000 | 322,399,000 | 578,157,000 | 573,171,000 | 561,691,000 | 574,962,000 | 579,605,000 | 580,176,000 | 628,273,000 | 632,138,000 | 617,446,000 | 550,676,000 | 431,469,000 | 551,272,000 | 547,898,000 | 374,710,000 | 247,675,000 | 236,184,000 |
accounts receivable | 33,415,000 | 25,498,000 | 22,537,000 | 27,882,000 | 28,493,000 | 38,520,000 | 28,873,000 | 38,651,000 | 36,685,000 | 54,605,000 | 45,674,000 | 48,987,000 | 56,273,000 | 138,624,000 | 114,069,000 | 120,354,000 | 120,355,000 | 117,512,000 | 65,939,000 | 83,534,000 | 121,821,000 | 51,018,000 |
inventory | 40,462,000 | 40,495,000 | 45,326,000 | 46,667,000 | 49,773,000 | 50,082,000 | 50,409,000 | 49,294,000 | 49,846,000 | 51,397,000 | 49,142,000 | 47,402,000 | 54,819,000 | 43,152,000 | 62,424,000 | 60,113,000 | 51,409,000 | 51,557,000 | 56,246,000 | 47,781,000 | 47,129,000 | 33,301,000 |
prepaid expenses and other current assets | 11,937,000 | 13,368,000 | 14,430,000 | 15,305,000 | 12,963,000 | 18,145,000 | 21,659,000 | 17,063,000 | 16,818,000 | 17,830,000 | 22,916,000 | 22,515,000 | 25,532,000 | 25,798,000 | 23,432,000 | 19,664,000 | 15,902,000 | 19,698,000 | 17,395,000 | 13,432,000 | 8,918,000 | 11,095,000 |
total current assets | 251,736,000 | 296,251,000 | 325,867,000 | 359,761,000 | 376,282,000 | 429,146,000 | 679,098,000 | 685,362,000 | 667,884,000 | 699,912,000 | 700,865,000 | 699,312,000 | 765,513,000 | 847,902,000 | 835,526,000 | 759,382,000 | 619,135,000 | 740,039,000 | 687,478,000 | 644,491,000 | 425,543,000 | 331,598,000 |
property and equipment | 146,930,000 | 151,479,000 | 158,624,000 | 162,727,000 | 166,428,000 | 164,474,000 | 164,555,000 | 165,503,000 | 161,628,000 | 162,900,000 | 153,565,000 | 141,619,000 | 87,721,000 | 52,694,000 | 48,420,000 | 46,956,000 | 47,702,000 | 46,332,000 | 108,322,000 | 104,751,000 | 105,133,000 | 101,305,000 |
goodwill | 129,429,000 | 129,429,000 | 129,429,000 | 129,429,000 | 159,878,000 | 159,878,000 | 171,790,000 | 326,029,000 | 326,029,000 | 326,029,000 | 326,029,000 | 326,459,000 | 326,569,000 | 283,668,000 | 283,535,000 | 283,535,000 | 283,535,000 | 152,766,000 | 152,766,000 | 152,766,000 | 224,275,000 | 224,275,000 |
intangible assets | 144,887,000 | 151,543,000 | 185,876,000 | 193,066,000 | 199,581,000 | 194,957,000 | 201,858,000 | 207,249,000 | 214,118,000 | 220,987,000 | 227,856,000 | 234,726,000 | 241,578,000 | 216,663,000 | 222,899,000 | 229,153,000 | 235,405,000 | 117,571,000 | 121,225,000 | 125,116,000 | 172,616,000 | 177,656,000 |
other assets | 40,235,000 | 41,875,000 | 49,395,000 | 51,983,000 | 57,582,000 | 59,789,000 | 60,914,000 | 63,465,000 | 74,982,000 | 77,622,000 | 85,579,000 | 92,735,000 | 127,035,000 | 115,589,000 | 87,399,000 | 72,419,000 | 64,243,000 | 53,451,000 | 4,106,000 | 4,026,000 | 4,300,000 | 4,158,000 |
total assets | 713,217,000 | 770,577,000 | 849,191,000 | 896,966,000 | 959,751,000 | 1,008,244,000 | 1,278,215,000 | 1,447,608,000 | 1,444,641,000 | 1,487,450,000 | 2,267,553,000 | 2,264,437,000 | 2,315,388,000 | 2,282,315,000 | 2,248,899,000 | 2,171,799,000 | 2,043,230,000 | 1,918,276,000 | 1,894,683,000 | 1,601,247,000 | 1,351,768,000 | 1,270,691,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||
accounts payable | 8,535,000 | 2,910,000 | 7,998,000 | 11,525,000 | 9,525,000 | 11,957,000 | 9,494,000 | 12,536,000 | 8,226,000 | 10,729,000 | 9,424,000 | 6,658,000 | 4,784,000 | 5,991,000 | 9,459,000 | 23,267,000 | 10,384,000 | 8,154,000 | 8,917,000 | 11,704,000 | 9,806,000 | 8,171,000 |
accrued expenses and other current liabilities | 28,647,000 | 36,567,000 | 48,136,000 | 50,202,000 | 44,603,000 | 36,407,000 | 38,498,000 | 40,719,000 | 35,405,000 | 60,237,000 | 56,042,000 | 50,344,000 | 70,065,000 | 53,371,000 | 60,187,000 | 43,641,000 | 32,411,000 | 34,574,000 | 31,422,000 | 24,794,000 | 28,973,000 | 38,546,000 |
current portion of long-term debt | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 5,440,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 |
total current liabilities | 42,622,000 | 44,917,000 | 61,574,000 | 69,682,000 | 63,158,000 | 56,971,000 | 63,241,000 | 68,552,000 | 59,022,000 | 87,468,000 | 78,253,000 | 74,919,000 | 124,896,000 | 110,144,000 | 115,655,000 | 112,530,000 | 86,675,000 | 93,777,000 | 114,352,000 | 164,773,000 | 165,252,000 | 130,778,000 |
long-term debt, less current portion | 235,571,000 | 286,331,000 | 287,381,000 | 288,436,000 | 289,499,000 | 290,492,000 | 516,283,000 | 517,083,000 | 517,893,000 | 518,707,000 | 519,520,000 | 520,336,000 | 521,161,000 | 521,997,000 | 522,824,000 | 523,655,000 | 524,499,000 | 524,591,000 | 525,584,000 | 526,583,000 | 527,593,000 | 528,614,000 |
finance lease liabilities, less current portion | 29,869,000 | 30,141,000 | 30,407,000 | 30,651,000 | 30,881,000 | 31,106,000 | 31,327,000 | 31,527,000 | 31,714,000 | 31,897,000 | 32,077,000 | 32,236,000 | ||||||||||
other long-term liabilities | 36,072,000 | 36,477,000 | 37,970,000 | 38,186,000 | 43,966,000 | 52,466,000 | 54,237,000 | 54,032,000 | 58,623,000 | 59,494,000 | 64,531,000 | 62,862,000 | 66,052,000 | 68,975,000 | 57,519,000 | 50,590,000 | 66,522,000 | 41,066,000 | 1,553,000 | 1,057,000 | 2,310,000 | 2,231,000 |
total liabilities | 344,134,000 | 397,866,000 | 417,332,000 | 428,983,000 | 429,478,000 | 431,035,000 | 665,088,000 | 671,194,000 | 667,252,000 | 697,566,000 | 1,375,272,000 | 1,366,799,000 | 1,414,750,000 | 1,377,072,000 | 1,407,230,000 | 1,398,007,000 | 1,388,928,000 | 1,372,915,000 | 1,441,067,000 | 1,268,106,000 | 1,142,012,000 | 1,115,945,000 |
commitments and contingencies | ||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||
class a common stock | 1,475,000 | 1,453,000 | 1,447,000 | 1,446,000 | 1,440,000 | 1,420,000 | 1,416,000 | 1,415,000 | 1,327,000 | 1,322,000 | 1,319,000 | 1,319,000 | 1,318,000 | 1,317,000 | 1,315,000 | 1,315,000 | 1,315,000 | 1,315,000 | 1,314,000 | 1,143,000 | 966,000 | 966,000 |
class b common stock | 1,107,000 | 1,107,000 | 1,107,000 | 1,107,000 | 1,107,000 | 1,107,000 | 1,107,000 | 1,107,000 | 1,191,000 | 1,191,000 | 1,191,000 | 1,191,000 | 1,191,000 | 1,237,000 | 1,237,000 | 1,237,000 | 1,237,000 | 1,237,000 | 1,262,000 | 1,433,000 | 1,610,000 | 1,610,000 |
additional paid-in capital | 202,131,000 | 199,177,000 | 196,511,000 | 191,377,000 | 186,797,000 | 181,874,000 | 175,581,000 | 168,337,000 | 134,482,000 | 128,503,000 | 125,088,000 | 119,903,000 | 114,309,000 | 137,898,000 | 134,077,000 | 131,373,000 | 128,584,000 | 128,386,000 | 172,611,000 | 118,208,000 | 85,976,000 | 85,125,000 |
retained earnings | 6,385,000 | 10,118,000 | 45,799,000 | 71,355,000 | 110,946,000 | 140,891,000 | 167,036,000 | 266,074,000 | 273,659,000 | 285,737,000 | 391,696,000 | 398,158,000 | 404,699,000 | 404,766,000 | 367,132,000 | 322,663,000 | 251,423,000 | 184,561,000 | 127,450,000 | 73,176,000 | 24,101,000 | 854,000 |
accumulated other comprehensive income | 466,000 | 524,000 | 579,000 | 574,000 | 324,000 | |||||||||||||||||
total stockholders’ equity attributable to maravai lifesciences holdings, inc. | 211,564,000 | 212,379,000 | 245,443,000 | 265,859,000 | 300,614,000 | 325,292,000 | 345,140,000 | 436,933,000 | 410,659,000 | 416,753,000 | 519,294,000 | 520,571,000 | 521,517,000 | 545,218,000 | 503,761,000 | |||||||
non-controlling interest | 157,519,000 | 160,332,000 | 186,416,000 | 202,124,000 | 229,659,000 | 251,917,000 | 267,987,000 | 339,481,000 | 366,730,000 | 373,131,000 | 372,987,000 | 377,067,000 | 379,121,000 | 360,025,000 | 337,908,000 | 317,204,000 | 271,743,000 | 229,862,000 | 150,979,000 | |||
total stockholders’ equity | 369,083,000 | 372,711,000 | 431,859,000 | 467,983,000 | 530,273,000 | 577,209,000 | 613,127,000 | 776,414,000 | 777,389,000 | 789,884,000 | 892,281,000 | 897,638,000 | 900,638,000 | 905,243,000 | 841,669,000 | |||||||
total liabilities and stockholders’ equity | 713,217,000 | 770,577,000 | 849,191,000 | 896,966,000 | 959,751,000 | 1,008,244,000 | 1,278,215,000 | 1,447,608,000 | 1,444,641,000 | 1,487,450,000 | 2,267,553,000 | 2,264,437,000 | 2,315,388,000 | 2,282,315,000 | 2,248,899,000 | |||||||
deferred revenue | 1,639,000 | 2,756,000 | 2,375,000 | 1,834,000 | 2,078,000 | 2,210,000 | 3,360,000 | 2,553,000 | 2,459,000 | 2,053,000 | 3,088,000 | 5,822,000 | 5,435,000 | 3,693,000 | 10,211,000 | 66,715,000 | 109,490,000 | 119,175,000 | 78,061,000 | |||
current portion of finance lease liabilities | 876,000 | 834,000 | 792,000 | 750,000 | 710,000 | 672,000 | 633,000 | 596,000 | 560,000 | |||||||||||||
deferred tax liabilities | 2,028,000 | 1,974,000 | 6,690,000 | 8,512,000 | 8,680,000 | 8,571,000 | 8,609,000 | |||||||||||||||
interest rate cap | 6,575,000 | |||||||||||||||||||||
current portion of payable to related parties pursuant to the tax receivable agreement | 7,225,000 | 7,069,000 | 7,069,000 | 7,069,000 | 4,198,000 | 9,458,000 | 42,254,000 | 42,254,000 | 34,747,000 | |||||||||||||
government funding receivable | 608,000 | 2,844,000 | 1,118,000 | 3,528,000 | 232,000 | 616,000 | 8,190,000 | 18,155,000 | 8,575,000 | |||||||||||||
deferred tax assets | 773,659,000 | 769,586,000 | 766,972,000 | 765,799,000 | 771,120,000 | 780,354,000 | 793,210,000 | 808,117,000 | 820,786,000 | 570,097,000 | 419,901,000 | 431,699,000 | ||||||||||
payable to related parties pursuant to the tax receivable agreement, less current portion | 674,201,000 | 667,934,000 | 677,392,000 | 675,956,000 | 711,232,000 | |||||||||||||||||
current portion of finance lease obligations | 300,000 | |||||||||||||||||||||
finance lease obligations, less current portion | 16,569,000 | |||||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||
current portion of payable to related parties pursuant to a tax receivable agreement | 34,747,000 | 34,747,000 | 34,838,000 | 1,298,000 | 1,298,000 | |||||||||||||||||
payable to related parties pursuant to a tax receivable agreement, less current portion | 711,232,000 | 711,232,000 | 713,481,000 | |||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||
total stockholders' equity attributable to maravai lifesciences holdings, inc. | 456,588,000 | 382,559,000 | 315,499,000 | 302,637,000 | 193,921,000 | 112,611,000 | ||||||||||||||||
total stockholders' equity | 773,792,000 | 654,302,000 | 545,361,000 | 453,616,000 | 333,141,000 | 209,756,000 | ||||||||||||||||
total liabilities and stockholders' equity | 2,171,799,000 | 2,043,230,000 | 1,918,276,000 | 1,894,683,000 | 1,601,247,000 | 1,351,768,000 | ||||||||||||||||
lease facility financing obligation, less current portion | 55,324,000 | 55,626,000 | 55,924,000 | 56,167,000 | ||||||||||||||||||
accumulated other comprehensive loss | -39,000 | -42,000 | -44,000 | |||||||||||||||||||
payable to related parties pursuant to a tax receivable agreement | 744,254,000 | 520,067,000 | 382,362,000 | 389,546,000 | ||||||||||||||||||
lease commitments | ||||||||||||||||||||||
assets held for sale | 125,034,000 | |||||||||||||||||||||
liabilities related to assets held for sale | 11,487,000 | |||||||||||||||||||||
non-controlling interests | 139,220,000 | 97,145,000 | 66,235,000 | |||||||||||||||||||
current portion of payable to related parties pursuant to tax receivable agreement | 1,298,000 | |||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||
liabilities and stockholders'/member’s equity | ||||||||||||||||||||||
stockholders' / member's equity | ||||||||||||||||||||||
member’s equity | ||||||||||||||||||||||
total stockholders' / member's equity attributable to maravai lifesciences holdings, inc. | 88,511,000 | |||||||||||||||||||||
total stockholders' / member’s equity | 154,746,000 | |||||||||||||||||||||
total liabilities and stockholders' / member’s equity | 1,270,691,000 | |||||||||||||||||||||
revenue | 284,098,000 | |||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||
cost of revenue | 79,649,000 | |||||||||||||||||||||
research and development | 9,304,000 | |||||||||||||||||||||
selling, general and administrative | 94,245,000 | |||||||||||||||||||||
change in estimated fair value of contingent consideration | ||||||||||||||||||||||
gain on sale and leaseback transaction | -19,002,000 | |||||||||||||||||||||
total operating expenses | 164,196,000 | |||||||||||||||||||||
income from operations | 119,902,000 | |||||||||||||||||||||
other income: | ||||||||||||||||||||||
interest expense | -30,740,000 | |||||||||||||||||||||
loss on extinguishment of debt | -7,592,000 | |||||||||||||||||||||
other income | 126,000 | |||||||||||||||||||||
income before income taxes | 81,696,000 | |||||||||||||||||||||
income tax benefit | 2,880,000 | |||||||||||||||||||||
net income | 78,816,000 | |||||||||||||||||||||
net (loss) attributable to non-controlling interests | -10,156,000 | |||||||||||||||||||||
net income attributable to maravai lifesciences holdings, inc. | 88,972,000 | |||||||||||||||||||||
net income per class a common share/unit attributable to maravai lifesciences holdings, inc.: | ||||||||||||||||||||||
basic | 7,430 | |||||||||||||||||||||
diluted | 2,360 | |||||||||||||||||||||
weighted-average number of class a common shares/units outstanding: |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | |||||||||||||||||||||
net loss | -6,377,000 | -63,015,000 | -45,057,000 | -69,837,000 | -52,853,000 | -175,955,000 | -14,492,000 | -22,680,000 | |||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||
depreciation | 4,900,000 | 5,933,000 | 5,975,000 | 5,957,000 | 5,693,000 | 5,466,000 | 5,044,000 | 5,556,000 | 4,786,000 | 3,932,000 | 4,071,000 | 2,815,000 | 2,080,000 | 1,962,000 | 1,857,000 | 1,892,000 | 1,855,000 | -210,000 | 2,472,000 | 2,297,000 | 1,854,000 |
amortization of intangible assets | 6,472,000 | 6,512,000 | 7,209,000 | 7,200,000 | 7,030,000 | 6,902,000 | 6,891,000 | 6,869,000 | 6,869,000 | 6,869,000 | 6,870,000 | 6,852,000 | 6,765,000 | 6,236,000 | 6,254,000 | 6,252,000 | 5,527,000 | 3,654,000 | 4,604,000 | 5,041,000 | 5,040,000 |
amortization of operating lease right-of-use assets | 1,606,000 | 2,288,000 | 2,259,000 | 2,229,000 | 2,187,000 | 2,158,000 | 2,104,000 | 2,122,000 | 2,098,000 | 2,179,000 | 2,155,000 | ||||||||||
stock-based compensation expense | 6,743,000 | 3,926,000 | 9,056,000 | 6,789,000 | 10,403,000 | 10,545,000 | 13,050,000 | 13,763,000 | 12,057,000 | 9,987,000 | 9,272,000 | 5,987,000 | 4,740,000 | ||||||||
impairment | 605,000 | ||||||||||||||||||||
other | 541,000 | -1,079,000 | 334,000 | 1,193,000 | -236,000 | -645,000 | 1,349,000 | -94,000 | 223,000 | 2,161,000 | -985,000 | -4,041,000 | 552,000 | -2,464,000 | -4,246,000 | -298,000 | -985,000 | 594,000 | -486,000 | -245,000 | -144,000 |
changes in operating assets and liabilities, net of acquisitions: | |||||||||||||||||||||
accounts receivable | -7,914,000 | -2,961,000 | 5,116,000 | 501,000 | 10,160,000 | -11,345,000 | 9,842,000 | -2,021,000 | 17,883,000 | -8,785,000 | 3,212,000 | 7,561,000 | 82,407,000 | -25,774,000 | 5,834,000 | -115,000 | -2,217,000 | -51,540,000 | 17,620,000 | 34,341,000 | -70,812,000 |
inventory | 33,000 | 3,092,000 | 1,350,000 | 3,108,000 | 449,000 | 327,000 | -1,521,000 | 751,000 | 820,000 | -2,184,000 | -1,495,000 | 7,711,000 | -3,383,000 | 19,273,000 | -2,312,000 | -8,703,000 | 1,201,000 | 4,689,000 | -8,190,000 | -4,245,000 | -13,828,000 |
prepaid expenses and other current assets | 1,433,000 | -2,862,000 | 2,241,000 | ||||||||||||||||||
accounts payable | 6,162,000 | -5,515,000 | -2,906,000 | 1,782,000 | -708,000 | 2,254,000 | -2,420,000 | 4,571,000 | -3,682,000 | 1,659,000 | 1,986,000 | 1,874,000 | -235,000 | -3,468,000 | -4,420,000 | 4,360,000 | 1,950,000 | -867,000 | -2,542,000 | 2,188,000 | 1,897,000 |
accrued expenses and other current liabilities | -5,336,000 | -13,514,000 | 1,514,000 | 5,917,000 | 1,457,000 | -1,636,000 | 1,000 | 2,997,000 | -24,116,000 | 6,146,000 | 2,380,000 | -17,643,000 | 24,225,000 | -5,611,000 | 15,887,000 | 2,289,000 | -4,062,000 | 6,619,000 | 3,840,000 | -2,872,000 | -11,044,000 |
other long-term liabilities | -203,000 | -1,893,000 | -2,060,000 | -6,188,000 | -8,490,000 | -1,150,000 | -298,000 | -3,725,000 | -1,126,000 | -1,640,000 | -1,084,000 | -2,651,000 | -10,603,000 | 2,079,000 | 991,000 | 1,868,000 | -1,109,000 | -4,788,000 | 268,000 | 279,000 | -280,000 |
net cash from operating activities | 8,665,000 | -22,768,000 | -15,150,000 | -10,265,000 | -9,390,000 | -14,638,000 | 13,136,000 | 17,434,000 | -8,467,000 | 7,790,000 | 14,166,000 | 19,194,000 | 85,074,000 | 99,335,000 | 110,059,000 | 164,279,000 | 162,304,000 | 58,167,000 | 105,856,000 | 165,832,000 | 38,715,000 |
capital expenditures | -4,437,000 | -2,114,000 | -2,926,000 | -2,874,000 | -5,235,000 | -5,849,000 | -8,591,000 | -9,553,000 | -5,665,000 | -16,799,000 | -15,827,000 | -25,059,000 | -7,868,000 | -6,214,000 | -6,467,000 | -1,661,000 | -2,748,000 | -5,662,000 | -1,406,000 | -4,202,000 | -3,580,000 |
free cash flows | 4,228,000 | -24,882,000 | -18,076,000 | -13,139,000 | -14,625,000 | -20,487,000 | 4,545,000 | 7,881,000 | -14,132,000 | -9,009,000 | -1,661,000 | -5,865,000 | 77,206,000 | 93,121,000 | 103,592,000 | 162,618,000 | 159,556,000 | 52,505,000 | 104,450,000 | 161,630,000 | 35,135,000 |
investing activities: | |||||||||||||||||||||
cash paid for acquisitions of a business, net of cash acquired | 0 | 0 | -362,000 | -18,628,000 | |||||||||||||||||
purchases of property and equipment | -4,437,000 | -2,114,000 | -2,926,000 | -2,874,000 | -5,235,000 | -5,849,000 | -8,591,000 | -9,553,000 | -5,665,000 | -16,799,000 | -15,827,000 | -25,059,000 | -7,868,000 | -6,214,000 | -6,467,000 | -1,661,000 | -2,748,000 | -5,662,000 | -1,406,000 | -4,202,000 | -3,580,000 |
net cash from investing activities | -4,437,000 | -2,114,000 | -2,926,000 | -3,236,000 | -23,129,000 | -4,931,000 | -8,959,000 | -6,182,000 | -4,244,000 | -12,903,000 | -15,520,000 | -24,157,000 | -69,730,000 | -18,520,000 | -5,847,000 | -1,661,000 | -241,584,000 | -5,662,000 | 118,551,000 | -4,202,000 | -3,032,000 |
financing activities: | |||||||||||||||||||||
principal repayments of long-term debt | -51,360,000 | -1,360,000 | -1,360,000 | -1,360,000 | -1,360,000 | -230,313,000 | -1,360,000 | -1,360,000 | -1,360,000 | -1,360,000 | -1,360,000 | -1,360,000 | -1,360,000 | -1,360,000 | -1,360,000 | -1,360,000 | -9,815,000 | -1,500,000 | -1,500,000 | -1,500,000 | -1,500,000 |
other financing activities | -3,866,000 | ||||||||||||||||||||
net cash from financing activities | -55,226,000 | -1,816,000 | -8,249,000 | -1,534,000 | -4,900,000 | -236,189,000 | 809,000 | 228,000 | -560,000 | 470,000 | 783,000 | -43,134,000 | -19,209,000 | -66,123,000 | -37,442,000 | -43,411,000 | -40,523,000 | -48,998,000 | -51,501,000 | -34,351,000 | -24,199,000 |
effects of exchange rate changes on cash and cash equivalents | 30,000 | -8,000 | -111,000 | 73,000 | |||||||||||||||||
net decrease in cash and cash equivalents | -50,968,000 | -15,146,000 | -37,346,000 | 11,480,000 | -13,271,000 | ||||||||||||||||
cash and cash equivalents, beginning of period | 216,890,000 | 0 | 0 | 0 | 322,399,000 | 0 | 0 | 0 | 574,962,000 | 0 | 0 | ||||||||||
cash and cash equivalents, end of period | 165,922,000 | -26,684,000 | -26,333,000 | -15,146,000 | 285,053,000 | -255,758,000 | 4,986,000 | 11,480,000 | 561,691,000 | -4,643,000 | -571,000 | ||||||||||
supplemental cash flow information: | |||||||||||||||||||||
cash paid for interest | 6,146,000 | 6,119,000 | 6,518,000 | 12,140,000 | 12,068,000 | 9,593,000 | 4,759,000 | 1,373,000 | 4,204,000 | 7,483,000 | 7,600,000 | 7,947,000 | |||||||||
cash paid for income taxes | 139,000 | 12,942,000 | 914,000 | 5,904,000 | 7,482,000 | 6,362,000 | 2,725,000 | ||||||||||||||
supplemental disclosures of non-cash activities: | |||||||||||||||||||||
property and equipment included in accounts payable and accrued expenses | 248,000 | -1,692,000 | 1,742,000 | -55,000 | 1,415,000 | ||||||||||||||||
fair value of contingent consideration liability recorded in connection with acquisition of a business | 0 | ||||||||||||||||||||
accrued consideration payable recorded in connection with acquisitions of a business | |||||||||||||||||||||
amortization of deferred financing costs | 403,000 | 399,000 | 391,000 | 461,000 | 658,000 | 754,000 | 744,000 | 740,000 | 743,000 | 738,000 | 729,000 | 719,000 | 654,000 | 724,000 | 711,000 | 699,000 | 681,000 | 676,000 | 665,000 | 654,000 | |
loss on extinguishment of debt | 0 | 0 | 0 | 208,000 | |||||||||||||||||
deferred income taxes | 764,750,000 | -5,532,000 | -2,756,000 | -1,520,000 | 7,011,000 | 9,234,000 | 12,856,000 | 13,217,000 | 17,466,000 | 11,227,000 | 6,451,000 | 11,760,000 | |||||||||
change in estimated fair value of contingent consideration | -630,000 | -178,000 | -3,355,000 | 2,385,000 | 0 | 0 | |||||||||||||||
revaluation of liabilities under the tax receivable agreement | 1,000 | -671,228,000 | 1,007,000 | -101,000 | 1,436,000 | 6,442,000 | 0 | 0 | -2,340,000 | ||||||||||||
acquisition related tax adjustment | 0 | 0 | |||||||||||||||||||
other assets | |||||||||||||||||||||
proceeds from government assistance allocated to property and equipment | 0 | 0 | 0 | 734,000 | 1,718,000 | 632,000 | 3,371,000 | 1,421,000 | 3,896,000 | 307,000 | 634,000 | 8,028,000 | |||||||||
other investing activities | |||||||||||||||||||||
refunds (distributions) for tax liabilities to non-controlling interests holder | |||||||||||||||||||||
financing costs paid to acquire long-term debt | |||||||||||||||||||||
proceeds from interest rate cap agreement | 0 | 0 | 0 | 1,375,000 | 2,225,000 | ||||||||||||||||
payments of acquisition related contingent consideration and consideration holdback | 0 | ||||||||||||||||||||
payments pursuant to the tax receivable agreement | |||||||||||||||||||||
effects of exchange rate changes on cash | -133,000 | 32,000 | 6,000 | 7,000 | |||||||||||||||||
cash (refunded) paid for income taxes | 90,000 | ||||||||||||||||||||
accrued receivable for capital expenditures to be reimbursed under a government contract | -2,410,000 | ||||||||||||||||||||
right-of-use assets obtained in exchange for finance lease liabilities | |||||||||||||||||||||
right-of-use assets obtained in exchange for operating lease liabilities | |||||||||||||||||||||
goodwill impairment | 0 | 30,449,000 | 12,435,000 | 11,912,000 | |||||||||||||||||
change in fair value of derivative instruments | -1,919,000 | ||||||||||||||||||||
prepaid expenses and other current and noncurrent assets | 996,000 | ||||||||||||||||||||
purchase of technology | -500,000 | ||||||||||||||||||||
distributions for tax liabilities to non-controlling interest holder | 0 | ||||||||||||||||||||
payments of finance lease liabilities | -200,000 | -187,000 | -183,000 | -180,000 | -160,000 | -148,000 | -145,000 | -142,000 | -124,000 | ||||||||||||
taxes paid for shares withheld under employee equity plans, net of proceeds from issuance of class a common stock | 111,000 | 13,000 | -4,732,000 | -28,000 | -1,433,000 | ||||||||||||||||
net increase in cash and cash equivalents | -255,758,000 | -4,643,000 | |||||||||||||||||||
deferred revenue | -1,116,000 | 381,000 | 540,000 | -244,000 | -132,000 | -1,150,000 | 808,000 | 94,000 | 406,000 | -1,058,000 | -2,735,000 | 388,000 | 1,742,000 | -6,518,000 | -56,505,000 | -42,776,000 | -9,684,000 | 41,114,000 | |||
net income | -109,982,000 | -15,102,000 | -11,943,000 | -1,348,000 | 87,429,000 | 99,653,000 | 156,721,000 | 146,860,000 | 126,244,000 | 132,810,000 | 134,344,000 | 75,852,000 | |||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||
cash paid for acquisition, net of cash acquired | |||||||||||||||||||||
acquisition deposit | |||||||||||||||||||||
prepaid lease payments on finance lease yet to commence | -159,000 | ||||||||||||||||||||
proceeds from sale of business, net of cash divested | 0 | 0 | |||||||||||||||||||
distributions to non-controlling interests holders | |||||||||||||||||||||
proceeds from borrowings of long-term debt, net of discount | |||||||||||||||||||||
payment of acquisition consideration holdback | 0 | 0 | 0 | -9,706,000 | |||||||||||||||||
payments to mlsh 1 pursuant to the tax receivable agreement | 0 | 0 | |||||||||||||||||||
payments to mlsh 2 pursuant to the tax receivable agreement | 0 | 0 | |||||||||||||||||||
(taxes paid for shares withheld) proceeds from issuance of class a common stock under employee equity plans | -602,000 | ||||||||||||||||||||
cash paid (refunded) for income taxes | |||||||||||||||||||||
accrued consideration payable for mychem acquisition | |||||||||||||||||||||
cash paid for acquisition of a business, net of cash acquired | 0 | 109,000 | -69,731,000 | 0 | 0 | -238,836,000 | |||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||
prepaid expenses and other assets | -199,000 | 730,000 | 6,375,000 | 3,479,000 | 21,294,000 | -23,012,000 | -16,498,000 | -26,323,000 | -12,569,000 | 2,517,000 | -1,923,000 | -2,577,000 | -5,111,000 | 98,000 | |||||||
proceeds from derivative instruments | 2,336,000 | 2,378,000 | 2,323,000 | 1,955,000 | 1,398,000 | 492,000 | |||||||||||||||
distributions for tax liabilities to non-controlling interest holders | 0 | ||||||||||||||||||||
equity-based compensation expense | 3,627,000 | 2,230,000 | 3,567,000 | 2,383,000 | 2,278,000 | ||||||||||||||||
gain on sale of business | 0 | ||||||||||||||||||||
government funding receivable | |||||||||||||||||||||
proceeds from sale of building | 0 | 0 | 0 | 548,000 | |||||||||||||||||
shares withheld for employee taxes, net of proceeds from issuance of class a common stock under employee equity plans | -333,000 | ||||||||||||||||||||
right-of-use assets obtained in exchange for new finance lease liabilities | 0 | ||||||||||||||||||||
right-of-use assets obtained in exchange for new operating lease liabilities | 0 | 773,000 | |||||||||||||||||||
recognition of deferred tax assets as a result of exchanges of llc units and cash contribution | |||||||||||||||||||||
recognition of liabilities under the tax receivable agreement | |||||||||||||||||||||
proceeds from borrowings of long-term debt | 0 | 0 | 8,455,000 | ||||||||||||||||||
proceeds from issuance of class a common stock under employee equity plans, net of shares withheld for employee taxes | 312,000 | ||||||||||||||||||||
amortization of right-of-use assets | 2,062,000 | 1,831,000 | 1,798,000 | ||||||||||||||||||
distributions for tax liabilities to non-controlling interests holders | -8,302,000 | -36,812,000 | -42,588,000 | -39,889,000 | -50,095,000 | -33,075,000 | -23,128,000 | ||||||||||||||
net decrease in cash | -3,865,000 | ||||||||||||||||||||
cash, beginning of period | 632,138,000 | 0 | 0 | 0 | 551,272,000 | 0 | 0 | 0 | 236,184,000 | ||||||||||||
cash, end of period | 628,273,000 | 14,692,000 | 66,770,000 | 119,207,000 | 431,469,000 | 3,374,000 | 173,188,000 | 127,035,000 | 247,675,000 | ||||||||||||
gain on sale and leaseback transaction | |||||||||||||||||||||
acquired and in-process research and development costs | |||||||||||||||||||||
financing costs incurred for line of credit | |||||||||||||||||||||
financing costs incurred for long-term debt | |||||||||||||||||||||
repurchase of incentive units | |||||||||||||||||||||
payment of contingent consideration | |||||||||||||||||||||
payments made on facility financing lease obligation and capital lease | -217,000 | -224,000 | -141,000 | ||||||||||||||||||
payment for non-controlling interests in mlsc | |||||||||||||||||||||
payment to mlsh 2 for blocker mergers | |||||||||||||||||||||
proceeds from issuance of class a common stock sold in ipo, net of offering costs | |||||||||||||||||||||
proceeds from issuance of class b common stock sold to mlsh 1 | |||||||||||||||||||||
purchase of llc units from mlsh 1 | |||||||||||||||||||||
repurchase of class a common stock from mlsh 2 | |||||||||||||||||||||
net increase in cash | 14,692,000 | 66,770,000 | 119,207,000 | -119,803,000 | 3,374,000 | 173,188,000 | |||||||||||||||
financing cost deducted from long-term debt proceeds | |||||||||||||||||||||
building and improvements capitalized under lease financing transaction | |||||||||||||||||||||
exchange of units for mlsc non-controlling interests | |||||||||||||||||||||
exchange of class a common stock for the blocker mergers | |||||||||||||||||||||
recognition of deferred tax assets from organizational transactions, subsequent exchanges and cash contribution | |||||||||||||||||||||
ipo issuance costs included in accounts payable and accrued expenses | |||||||||||||||||||||
receivable from lessor funded financing | |||||||||||||||||||||
proceeds from employee stock purchase plan and exercise of stock options, net of shares withheld for employee taxes | 730,000 | 537,000 | 726,000 | ||||||||||||||||||
net increase in cash including cash classified within current assets held for sale | |||||||||||||||||||||
less: net increase in cash classified within current assets held for sale | |||||||||||||||||||||
non-cash operating lease expense | 1,874,000 | ||||||||||||||||||||
supplemental disclosures of non-cash investing and financing activities: | |||||||||||||||||||||
operating activities | |||||||||||||||||||||
loss on long-term debt refinancing | |||||||||||||||||||||
revaluation of liabilities payable to related parties pursuant to a tax receivable agreement | |||||||||||||||||||||
investing activities | |||||||||||||||||||||
cash paid for asset acquisition, net of cash acquired | |||||||||||||||||||||
financing activities | |||||||||||||||||||||
supplemental cash flow information | |||||||||||||||||||||
supplemental disclosures of non-cash investing and financing activities | |||||||||||||||||||||
building and improvements capitalized under lease financing transactions | |||||||||||||||||||||
property and equipment under new capital lease | |||||||||||||||||||||
revaluation of liabilities under tax receivable agreement | -3,246,000 | 0 | -5,886,000 | ||||||||||||||||||
proceeds from employee stock purchase plan | 311,000 | 448,000 | 570,000 | ||||||||||||||||||
non-cash interest expense recognized on lease facility financing obligation | 0 | 162,000 | |||||||||||||||||||
recognition of liabilities under tax receivable agreement | |||||||||||||||||||||
recognition of deferred tax assets as a result of exchange of llc units | |||||||||||||||||||||
net increase in cash, and restricted cash | 11,491,000 | ||||||||||||||||||||
change in provision for doubtful accounts | |||||||||||||||||||||
earn-out liability | |||||||||||||||||||||
working capital adjustment for acquisition in prior year | |||||||||||||||||||||
acquisition of patents | |||||||||||||||||||||
recognition of deferred tax assets from organizational transactions |
