Maravai Lifesciences Holdings Inc logo

Maravai Lifesciences Holdings Inc(MRVI)

upturn advisory logo
ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$7.63
09/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close

Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for MRVI

09/28/2026: MRVI (2-star) is currently NOT-A-BUY. Pass it for now.

Maravai Lifesciences is a life sciences tools company that provides essential reagents, specifically its proprietary CleanCap technology, for mRNA drug and vaccine development. The company gained significant attention for its role in the COVID-19 vaccine supply chain, which provided a temporary, high-growth revenue windfall. Its primary opportunity lies in the continued adoption of mRNA technology across various therapeutic fields like oncology. However, investors face risks regarding the normalization of post-pandemic demand and intense competition from larger life science peers. The stock is best suited for growth-oriented investors monitoring the company's ability to successfully expand its customer base and stabilize its long-term financial trajectory.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers exposure to the high-growth mRNA sector but faces ongoing post-COVID revenue normalization challenges.
Momentum investorWeak fitThe stock has experienced significant volatility and is currently not showing strong positive price momentum.
Value investorMixed fitValuation has compressed significantly from its peak, but the business quality and future earnings are still in flux.
Dividend investorWeak fitMaravai does not pay a dividend, making it unsuitable for income-focused portfolios.
Low-risk investorWeak fitHigh sensitivity to biotech pipeline developments and clinical trial outcomes makes this a higher-risk investment.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock's historical performance shows significant swings linked to biotech market cycles.
Valuation riskMedium / highMarket expectations for long-term mRNA growth may not align with current cash flow generation.
Competition risk (Diversified Life Science Tools)Medium / highLarger peers with extensive distribution networks can potentially undercut pricing or offer bundled solutions.
Business qualityMediumWhile the technology is innovative, the firm's reliance on specific customer adoption is a point of concern.
Dividend incomeLow / noneThere is no dividend income for investors.
Execution riskMediumSuccessfully scaling the business beyond the initial pandemic-era product success is critical for long-term health.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -18.57%
Avg. Invested days 25
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MRVI receives a 3-star rating based on the available scored pillars. The rating is constrained by weak unit economics, and limited analyst upside.

Company Fundamentals

★★★★★
MRVI has moderate overall fundamentals (3 stars), with soft financial health, soft growth momentum, and solid ownership. In FY2025 versus FY2024, moderate earnings growth (+9.7%) is partially offset by weak cash generation (FCF margin -38.1%), negative revenue growth (-28.3%), weak profitability (net margin -70.4%).

Financial Health Rating

★★★★★
MRVI's financial health is soft, with the relatively strongest area being moderate liquidity, including working-capital and asset support (WC/assets 32.6%). Profitability is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is MRVI's strongest growth driver at +9.7% FY2025 versus FY2024 (moderate, 3 stars). By comparison, while revenue growth (-28.3%, negative) and free-cash-flow growth (-218.7%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 96.8% and approximately 76.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 7.25% supports management-shareholder alignment.

Top 5 Institutional Investors

GTCR LLC 13.52%
BRAIDWELL LP 6.87%
BlackRock Inc 6.27%
Arnhold & S. Bleichroeder Advisers, LLC 4.93%
12 West Capital Management LP 4.74%

Unit Economics (Per $1K Revenue)

★★★★★
MRVI generates approximately $180 of gross profit, $-36 of operating income, and $-381 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 1.79%

Quantitative Style Profile

★★★★★
MRVI has a liquid, relatively low-volatility profile. Valuation that is moderately attractive rather than deeply discounted is the primary drawback.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.81B USD
Price to earnings Ratio -
1Y Target Price 7.42
Price to earnings Ratio -
1Y Target Price 7.42
Volume (30-day avg) 4.0M shares
Beta 0.6
52 Weeks Range 2.54 - 9.42
Updated Date 09/27/2026
52 Weeks Range 2.54 - 9.42
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.53

How Company Makes Money

Business areaWhat it includesRetail investor read
Nucleic Acid ProductionCleanCap reagents, custom mRNA synthesis, and modified nucleotides.This is the core engine, selling essential 'ingredients' to companies developing the next generation of medicines.
Biologics Safety TestingTesting kits and analytical services for impurities in biopharmaceuticals.Provides regulatory-required safety testing services to biopharma manufacturers.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Advertisement

Valuation

Trailing PE -
Forward PE 370.37
Enterprise Value 1.20B
Price to Sales(TTM) 13.48
Enterprise Value 1.20B
Price to Sales(TTM) 13.48
Enterprise Value to Revenue 5.77
Enterprise Value to EBITDA 1.77
Shares Outstanding 148.99M
Shares Floating 114.21M
Shares Outstanding 148.99M
Shares Floating 114.21M
Percent Insiders 7.25
Percent Institutions 96.79

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Maravai Lifesciences Holdings Inc

Exchange NASDAQ
Headquarters San Diego, CA, United States
IPO Launch date 2020-11-20
CEO & Director Mr. Bernd Brust
Sector Healthcare
Industry Biotechnology
Full time employees 415
Full time employees 415

Maravai LifeSciences Holdings, Inc., a life sciences company, provides products that enable the development of drug therapies, vaccines, drug therapies, cell and gene therapies, and diagnostics North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin and Central America. It operates through two segments: TRILINK and CYGNUS. The TRILINK segment manufactures and sells products for use in the fields of gene therapy, vaccines, nucleoside chemistry, and oligonucleotide therapy, as well as molecular diagnostics, including reagents used in the chemical synthesis, modification, labelling, and purification of deoxyribonucleic acid (DNA) and ribonucleic acid (RNA). This segment also offers messenger RNA, oligonucleotides, CleanCap capping technology-based oligonucleotide building blocks, and custom enzyme development and manufacturing; and research products for labeling and detecting proteins in cells and tissue samples. The CYGNUS segment sells analytical products for use in biologic manufacturing process development, including custom product-specific development antibody and assay development services. This segment also provides HCP ELISA kits, other bioprocess impurity and contaminant ELISA kits, ancillary reagents, viral clearance prediction kits, and custom services. The company's products address the key phases of biopharmaceutical development and include nucleic acids for diagnostic and therapeutic applications, and antibody-based products to detect impurities during the production of biopharmaceutical products. It serves biopharmaceutical companies, and emerging biopharmaceutical and life sciences research companies; and academic research institutions and diagnostics companies. Maravai LifeSciences Holdings, Inc. was founded in 2014 and is headquartered in San Diego, California.