MARAVAI LIFESCIENCES HOLDINGS, INC.
For the period ended Dec 31, 2024. Filed Mar 18, 2025.
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FY2024 · Filed Mar 18, 2025
MRVI$7.86-2.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations
(in thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $259,185 | $288,945 | $883,001 |
| Operating expenses: | |||
| Cost of revenue | 150,876 | 148,743 | 168,957 |
| Selling, general and administrative | 161,771 | 151,390 | 129,259 |
| Research and development | 19,221 | 17,280 | 18,369 |
| Change in estimated fair value of contingent consideration | (2,003) | (3,286) | (7,800) |
| Goodwill impairment | 166,151 | — | — |
| Restructuring | (1,214) | 6,466 | — |
| Total operating expenses | 494,802 | 320,593 | 308,785 |
| (Loss) income from operations | (235,617) | (31,648) | 574,216 |
| Other income (expense): | |||
| Interest expense | (47,700) | (45,892) | (20,414) |
| Interest income | 27,403 | 27,727 | 2,338 |
| Loss on extinguishment of debt | (3,187) | — | (208) |
| Change in payable to related parties pursuant to the Tax Receivable Agreement | (40) | 668,886 | (4,102) |
| Other expense | (2,341) | (1,337) | (358) |
| (Loss) income before income taxes | (261,482) | 617,736 | 551,472 |
| Income tax (benefit) expense | (1,860) | 756,111 | 60,809 |
| Net (loss) income | (259,622) | (138,375) | 490,663 |
| Net (loss) income attributable to non-controlling interests | (114,776) | (19,346) | 270,458 |
| Net (loss) income attributable to Maravai LifeSciences Holdings, Inc. | $(144,846) | $(119,029) | $220,205 |
| Net (loss) income per Class A common share attributable to Maravai LifeSciences Holdings, Inc.: | |||
| Basic | $(1.05) | $(0.90) | $1.67 |
| Diluted | $(1.05) | $(0.90) | $1.67 |
| Weighted average number of Class A common shares outstanding: | |||
| Basic | 137,906 | 131,919 | 131,545 |
| Diluted | 137,906 | 131,919 | 255,323 |
The accompanying notes are an integral part of these consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.