Repligen Corporation (RGEN) Balance Sheet
RGEN balance sheet, 2025
December 31, 2025 · U.S. dollars$2.95B assets = $843.6M liabilities + $2.11B equity
Both columns are drawn to the same scale: what RGEN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RGEN financial health
Current ratio8.37
Comfortable · current assets cover current liabilities 8.37×
Debt / equity0.33
Low leverage · $0.33 of debt for each $1 of equity
Equity / assets71.4%
Equity-funded · of assets funded by shareholders
Cash / debt111.3%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles50.9%
Mostly intangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
RGEN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $288.9M2016 | $2.95B2025 | +29.5%/yr | |
| Total liabilities | $120.1M2016 | $843.6M2025 | +24.2%/yr | |
| Shareholders’ equity | $168.8M2016 | $2.11B2025 | +32.4%/yr | |
| Cash & short-term investments | $141.8M2016 | $767.6M2025 | +20.6%/yr | |
| Total debt | $95.3M2016 | $689.9M2025 | +24.6%/yr | |
| Net cash (debt) | $46.5M2016 | $77.7M2025 | +$31.2M | |
| Working capital | $163.1M2016 | $1.00B2025 | +$838.5M | |
| Book value per share | $4.952016 | $37.242025 | +25.1%/yr | |
| Current ratio | 8.742016 | 8.372025 | −0.36 | |
| Debt / equity | 0.562016 | 0.332025 | −0.24 | |
| Shares outstanding | 34.1M2016 | 56.6M2025 | +5.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RGEN assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
RGEN liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
RGEN debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RGEN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $767.6M | $757.4M | $751.3M | $623.8M | $603.8M | $717.3M | $528.4M | $193.8M | $173.8M | $141.8M |
| Cash & equivalents | $566.0M | $757.4M | $751.3M | $523.5M | $603.8M | $717.3M | $528.4M | $193.8M | $173.8M | $141.8M |
| Short-term investments | $201.6M | $26.6M | $0 | $100.3M | $0 | — | — | — | $0 | $19.5M |
| Receivables | $158.6M | $134.1M | $124.2M | $116.2M | $117.4M | $71.4M | $43.7M | $35.8M | $27.7M | $16.1M |
| Inventory | $170.5M | $143.0M | $202.3M | $238.3M | $184.5M | $95.0M | $54.8M | $42.3M | $39.0M | $24.7M |
| Other current assets | $40.7M | $31.6M | $33.2M | $19.8M | $25.9M | $18.7M | $14.9M | $3.9M | $2.3M | $1.6M |
| Total current assets | $1.14B | $1.07B | $1.11B | $998.1M | $931.7M | $902.4M | $641.8M | $275.7M | $242.8M | $184.2M |
| Property, plant & equipment (net) | $306.2M | $333.1M | $323.0M | $315.7M | $226.5M | $92.0M | $74.2M | $32.2M | $22.4M | $15.0M |
| Goodwill & intangible assets | $1.50B | $1.43B | $1.39B | $1.22B | $1.20B | $905.4M | $681.0M | $462.2M | $472.1M | $89.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.6M | $1.6M | $2.8M | $1.7M | $2.5M | $3.1M | $3.2M | $0 | $0 | $450,000 |
| Total assets | $2.95B | $2.83B | $2.82B | $2.53B | $2.36B | $1.90B | $1.40B | $139.4M | $120.4M | $288.9M |
| Liabilities | ||||||||||
| Accounts payable | $30.0M | $32.1M | $19.6M | $27.6M | $36.2M | $16.9M | $11.4M | $10.5M | $7.3M | $5.1M |
| Short-term debt | $21.6M | $15.1M | $75.1M | $291.6M | $263.6M | $249.0M | $3.6M | $103.5M | $99.2M | $95.3M |
| Deferred revenue | $14.6M | $13.2M | $10.3M | $19.3M | $14.7M | $15.3M | $5.0M | $1.3M | $960,000 | $408,000 |
| Total current liabilities | $135.8M | $126.8M | $158.2M | $404.2M | $375.3M | $319.0M | $48.3M | $129.8M | $25.2M | $21.1M |
| Long-term debt | $542.2M | $525.6M | $510.1M | $0 | $0 | $0 | $232.8M | $0 | $99.2M | $95.3M |
| Lease obligations | $147.7M | $160.7M | $132.2M | $138.3M | $110.8M | $31.7M | $30.6M | — | — | — |
| Other long-term liabilities | $165.5M | $204.6M | $184.9M | $216.7M | $233.0M | $54.8M | $59.3M | $29.2M | $27.5M | $3.8M |
| Total liabilities | $843.6M | $856.9M | $853.2M | $620.9M | $608.3M | $373.7M | $340.3M | $159.1M | $151.9M | $120.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $563,000 | $561,000 | $558,000 | $556,000 | $553,000 | $548,000 | $521,000 | $439,000 | $436,000 | $338,000 |
| Retained earnings (deficit) | $456.2M | $407.4M | $438.8M | $397.3M | $194.1M | $65.8M | $5.8M | −$15.6M | −$31.5M | −$59.9M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$2.5M | −$52.5M | −$37.4M | −$34.4M | −$16.9M | $2.1M | −$15.0M | −$11.9M | −$6.4M | −$13.7M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.11B | $1.97B | $1.97B | $1.91B | $1.75B | $1.53B | $1.06B | $615.6M | −$31.5M | $168.8M |
| Key figures | ||||||||||
| Total debt | $689.9M | $686.2M | $711.8M | $423.0M | $366.1M | $275.4M | $263.3M | $103.5M | $99.2M | $95.3M |
| Net cash (debt) | $77.7M | $71.1M | $39.5M | $200.8M | $237.8M | $441.9M | $265.1M | $90.3M | $74.5M | $46.5M |
| Working capital | $1.00B | $939.3M | $952.9M | $593.9M | $556.4M | $583.4M | $593.5M | $145.9M | $217.6M | $163.1M |
| Tangible book value | $605.6M | $543.8M | $583.6M | $694.6M | $552.4M | $623.7M | $378.8M | $153.4M | −$503.6M | $79.4M |
| Book value per share | $37.24 | $35.27 | $34.96 | $33.26 | $30.56 | $28.37 | $21.54 | $13.54 | −$0.80 | $4.95 |
| Shares outstanding | 56.6M | 55.9M | 56.4M | 57.5M | 57.3M | 53.9M | 49.2M | 45.5M | 39.1M | 34.1M |
| Current ratio | 8.37 | 8.41 | 7.02 | 2.47 | 2.48 | 2.83 | 13.28 | 2.12 | 9.63 | 8.74 |
| Quick ratio | 6.82 | 7.03 | 5.54 | 1.83 | 1.92 | 2.47 | 11.84 | 1.77 | 7.99 | 7.49 |
| Debt / equity | 0.33 | 0.35 | 0.36 | 0.22 | 0.21 | 0.18 | 0.25 | 0.17 | — | 0.56 |
| Equity / assets | 71.4% | 69.7% | 69.8% | 75.5% | 74.2% | 80.4% | 75.7% | 441.4% | −26.2% | 58.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $810.4M | $784.5M | $767.6M | $748.7M | $708.9M | $697.2M | $757.4M | $784.0M | $809.1M | $780.6M | $751.3M | $630.8M |
| Cash & equivalents | $606.8M | $582.6M | $566.0M | $748.7M | $708.9M | $697.2M | $757.4M | $784.0M | $809.1M | $780.6M | $751.3M | $630.8M |
| Short-term investments | $203.7M | $201.9M | $201.6M | — | — | — | $0 | — | $809.1M | $1.50B | $0 | $0 |
| Receivables | $157.7M | $151.6M | $158.6M | $149.0M | $157.0M | $147.4M | $134.1M | $129.0M | $123.2M | $115.8M | $124.2M | $106.2M |
| Inventory | $186.6M | $179.3M | $170.5M | $160.3M | $155.9M | $153.1M | $143.0M | $182.5M | $190.5M | $198.0M | $202.3M | $211.4M |
| Other current assets | $45.8M | $46.0M | $40.7M | $38.4M | $35.2M | $34.7M | $31.6M | $36.1M | $36.0M | $38.6M | $33.5M | $30.1M |
| Total current assets | $1.20B | $1.16B | $1.14B | $1.10B | $1.06B | $1.03B | $1.07B | $1.13B | $1.16B | $1.13B | $1.11B | $978.5M |
| Property, plant & equipment (net) | $283.1M | $287.1M | $306.2M | $313.1M | $321.2M | $325.2M | $333.1M | $329.9M | $336.0M | $340.3M | $323.0M | $319.7M |
| Goodwill & intangible assets | $1.46B | $1.48B | $1.50B | $1.51B | $1.52B | $1.49B | $1.43B | $1.37B | $1.37B | $1.37B | $1.39B | $1.21B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.7M | $7.2M | $5.6M | $6.0M | $3.4M | $2.9M | $1.6M | $849,000 | $1.5M | $1.8M | $2.8M | $3.0M |
| Total assets | $2.95B | $2.93B | $2.95B | $2.92B | $2.90B | $2.85B | $2.83B | $2.83B | $2.86B | $2.85B | $2.83B | $2.51B |
| Liabilities | ||||||||||||
| Accounts payable | $33.2M | $34.7M | $30.0M | $29.4M | $25.6M | $26.9M | $32.1M | $21.4M | $20.9M | $18.7M | $19.6M | $19.0M |
| Short-term debt | $19.3M | $21.1M | $21.6M | $19.3M | $16.0M | $15.2M | $15.1M | $12.2M | $81.6M | $79.3M | $75.1M | $289.3M |
| Deferred revenue | $19.6M | $18.3M | $14.6M | $15.7M | $20.8M | $21.2M | $13.2M | $16.4M | $14.0M | $14.4M | $17.1M | $10.9M |
| Total current liabilities | $132.7M | $126.2M | $135.8M | $131.1M | $123.0M | $152.0M | $126.8M | $108.4M | $174.3M | $178.3M | $164.9M | $363.4M |
| Long-term debt | $551.0M | $546.6M | $542.2M | $537.9M | $533.7M | $529.6M | $525.6M | $521.6M | $517.7M | $513.9M | $510.1M | $0 |
| Lease obligations | $139.9M | $141.0M | $147.7M | $150.9M | $152.3M | $154.1M | $160.7M | $150.9M | $155.6M | $154.3M | $132.2M | $133.9M |
| Other long-term liabilities | $154.4M | $152.5M | $165.5M | $171.6M | $183.1M | $185.1M | $204.6M | $184.0M | $183.5M | $186.4M | $191.3M | $162.2M |
| Total liabilities | $838.1M | $825.3M | $843.6M | $840.6M | $839.9M | $866.7M | $856.9M | $814.0M | $875.6M | $878.7M | $866.3M | $525.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $564,000 | $564,000 | $563,000 | $563,000 | $563,000 | $562,000 | $561,000 | $560,000 | $559,000 | $559,000 | $558,000 | $558,000 |
| Retained earnings (deficit) | $469.6M | $464.6M | $456.2M | $443.0M | $428.1M | $413.2M | $407.4M | $441.2M | $444.3M | $440.9M | $432.9M | $464.3M |
| Accumulated other comprehensive income | −$19.8M | −$14.3M | −$2.5M | −$4.1M | −$1.7M | −$47.8M | −$52.5M | −$34.6M | −$44.2M | −$42.7M | −$37.8M | −$43.6M |
| Total shareholders' equity | $2.11B | $2.11B | $2.11B | $2.08B | $2.06B | $1.99B | $1.97B | $2.02B | $1.99B | $1.97B | $1.96B | $1.99B |
| Key figures | ||||||||||||
| Total debt | $690.9M | $687.6M | $689.9M | $688.9M | $686.1M | $683.7M | $686.2M | $672.5M | $742.9M | $737.7M | $711.8M | $419.9M |
| Net cash (debt) | $119.5M | $96.9M | $77.7M | $59.9M | $22.8M | $13.5M | $71.1M | $111.5M | $66.3M | $42.9M | $39.5M | $210.9M |
| Working capital | $1.07B | $1.04B | $1.00B | $965.3M | $933.9M | $880.5M | $939.3M | $1.02B | $984.6M | $954.7M | $946.4M | $615.1M |
| Tangible book value | $650.2M | $630.4M | $605.6M | $574.9M | $541.5M | $493.8M | $543.8M | $648.3M | $620.9M | $596.5M | $570.8M | $775.6M |
| Book value per share | $37.27 | $37.16 | $37.26 | $36.86 | $36.49 | $35.11 | $35.19 | $35.42 | $35.20 | $34.86 | $35.20 | $34.92 |
| Shares outstanding | 56.7M | 56.7M | 56.5M | 56.5M | 56.5M | 56.6M | 56.1M | 56.9M | 56.4M | 56.5M | 55.8M | 56.9M |
| Current ratio | 9.05 | 9.20 | 8.37 | 8.36 | 8.59 | 6.79 | 8.41 | 10.44 | 6.65 | 6.35 | 6.74 | 2.69 |
| Quick ratio | 7.30 | 7.42 | 6.82 | 6.85 | 7.04 | 5.56 | 7.03 | 8.43 | 5.35 | 5.03 | 5.31 | 2.03 |
| Debt / equity | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.34 | 0.35 | 0.33 | 0.37 | 0.37 | 0.36 | 0.21 |
| Equity / assets | 71.6% | 71.8% | 71.4% | 71.2% | 71.1% | 69.6% | 69.7% | 71.2% | 69.4% | 69.2% | 69.4% | 79.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
RGEN financial position
At the end of fiscal 2025 (December 31, 2025), Repligen had total assets of $2.9 billion (up 4.2% from a year earlier), total liabilities of $843.6 million and shareholders' equity of $2.1 billion. It held $767.6 million in cash and short-term investments against $689.9 million of debt, a net cash position of $77.7 million. Its current ratio was 8.37. In the latest quarter (ended June 30, 2026) total assets were $3.0 billion and equity $2.1 billion.
Related: RGEN income statement, RGEN cash flow statement, RGEN key metrics. See the RGEN stock overview for the latest quote and news.
RGEN balance sheet FAQ
What are Repligen's total assets?
Repligen reported total assets of $2.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.8 billion a year earlier.
How much debt does Repligen have?
Repligen had $689.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.33.
How much cash does Repligen have?
Repligen held $767.6 million in cash and short-term investments at the end of fiscal 2025; with $689.9 million of debt that is net cash of $77.7 million.
What is Repligen's book value?
Repligen's shareholders' equity (book value) was $2.1 billion at the end of fiscal 2025, or $37.24 per share.
What is Repligen's current ratio?
Repligen had current assets of $1.1 billion and current liabilities of $135.8 million, a current ratio of 8.37 (it can cover its short-term obligations).
How much goodwill does Repligen have?
Repligen carried $1.5 billion of goodwill and intangible assets, 50.9% of total assets, at the end of fiscal 2025.