Cryoport runs temperature-controlled supply chains for the life sciences, specializing in shipping and storing cell and gene therapies in ultra-cold cryogenic conditions. Its MVE Biological Solutions makes the freezers, dewars, and transport systems, while services like Cryoport Express and BioStorage move and hold these delicate biological materials worldwide. The company was founded in 1999 by six doctors and went public in 2005 through a reverse merger. Its name blends "cryo," for freezing, with "port," a place of arrival and departure.
Cryoport Q1 2026 revenue up 16% to $47.8M; raises full-year guidance to $192M-$196M
Total revenue for Q1 2026 was $47.8 million, up 16% year-over-year from $41.0 million.
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Commercial cell and gene therapy revenue grew 26% to $9.1 million; supported 766 global clinical trials and 21 approved CGTs as of March 31, 2026.
Life Sciences Services revenue increased 18% to $26.9 million; Life Sciences Products revenue increased 15% to $20.9 million.
Gross margin was 45.8% for Q1 2026, up from 45.4% in Q1 2025; adjusted EBITDA from continuing operations improved to negative $0.6 million from negative $2.8 million.
Company raised full-year 2026 revenue guidance to $192 million-$196 million.
Net loss attributable to common stockholders was $12.5 million, or $0.25 per share, compared to $14.0 million, or $0.28 per share in Q1 2025.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Cryoport completes CRYOPDP divestiture to DHL for ~$200M cash
Cryoport completed the sale of its CRYOPDP specialty courier business to DHL Supply Chain International Holding B.V. on June 11, 2025.
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The transaction includes cash payments of approximately $200 million to Cryoport, comprising $133.0 million for the sale and repayment of ~$77.2 million in intercompany loans.
Cryoport and DHL entered into a strategic partnership to collaborate on life sciences and healthcare supply chain services, with a focus on APAC and EMEA regions.
The divestiture is expected to provide a capital infusion and improve Cryoport's growth trajectory and path to sustainable profitability.
Pro forma financial statements reflecting the disposition are included in the filing.
2.01 Completion of Acquisition or Disposition of Assets · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Cryoport shareholders elect six directors and approve executive compensation at 2025 annual meeting
At the June 6, 2025 annual meeting, all six director nominees were elected: Linda Baddour, Daniel M. Hancock, Robert Hariri, Ram M. Jagannath, Ramkumar Mandalam, and Jerrell W. Shelton.
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Shareholders ratified Deloitte & Touche LLP as independent auditor for fiscal year 2025 with 36,599,870 votes for.
The advisory say-on-pay proposal passed with 31,308,283 votes for and 1,549,637 against.
Shareholders selected a one-year frequency for future say-on-pay votes (31,819,718 votes for one year).
The company will hold an annual advisory say-on-pay vote until the next required frequency vote.
5.07 Submission of Matters to a Vote of Security Holders