MARAVAI LIFESCIENCES HOLDINGS, INC.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue $143.1m $284.1m $799.2m $883.0m $288.9m $259.2m $185.7m
Cost of revenue $66.8m $79.6m $140.6m $169.0m $148.7m $150.9m $151.8m
Gross profit (derived) $76.3m $204.4m $658.7m $714.0m $140.2m $108.3m $34.0m
Research and development $3.6m $9.3m $15.2m $18.4m $17.3m $19.2m $17.4m
Selling, general and administrative $48.4m $94.2m $100.1m $129.3m $151.4m $161.8m $145.1m
Total operating expenses $119.2m $164.2m $244.6m $308.8m $320.6m $494.8m $249.3m
Change in estimated fair value of contingent consideration $322k $0 $0 ($7.8m) ($3.3m) ($2.0m) $200k
Impairment of goodwill and long-lived assets $0 $166.2m $68.7m
Restructuring $0 $0 $6.5m ($1.2m) $17.8m
Loss from operations $24.0m $119.9m $554.6m $574.2m ($31.6m) ($235.6m) ($215.3m)
Interest income $0 $0 $2.3m $27.7m $27.4m $11.4m
Loss on extinguishment of debt $0 ($7.6m) $0 ($208k) $0 ($3.2m) $0
Change in payable to related parties pursuant to the Tax Receivable Agreement $0 $0 $6.1m ($4.1m) $668.9m ($40k) $0
Net loss ($5.2m) $78.8m $469.2m $490.7m ($138.4m) ($259.6m) ($230.8m)
Net loss attributable to non-controlling interests ($731k) ($10.2m) $287.2m $270.5m ($19.3m) ($114.8m) ($100.0m)
Net loss attributable to Maravai LifeSciences Holdings, Inc. ($4.5m) $89.0m $182.0m $220.2m ($119.0m) ($144.8m) ($130.8m)
(Loss) income before income taxes ($5.9m) $81.7m $530.8m $551.5m $617.7m ($261.5m) ($235.0m)
Net loss per Class A common share attributable to Maravai LifeSciences Holdings, Inc. - basic (in usd per share) ($0) $7 $2 $2 ($1) ($1) ($1)
Net loss per Class A common share attributable to Maravai LifeSciences Holdings, Inc. - diluted (in usd per share) ($0) $2 $2 $2 ($1) ($1) ($1)
Weighted average Class A common shares outstanding—basic (in shares) 253.9m 10.4m 114.8m 131.5m 131.9m 137.9m 144.4m
Weighted average Class A common shares outstanding - diluted (in shares) 253.9m 28.9m 257.8m 255.3m 131.9m 137.9m 144.4m
Interest expense ($30.0m) ($30.7m) ($30.3m) ($20.4m) ($45.9m) ($47.7m) ($27.0m)
Other expense $118k $126k $279k ($358k) ($1.3m) ($2.3m) ($4.2m)
Income tax (benefit) expense ($652k) $2.9m $61.5m $60.8m $756.1m ($1.9m) ($4.2m)