Company research / MDGL

Madrigal Pharmaceuticals, Inc. (MDGL)

SEC name MADRIGAL PHARMACEUTICALS, INC. · CIK 0001157601 · Nasdaq · Pharmaceutical Preparations

  • Sector Manufacturing
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Madrigal Pharmaceuticals, Inc. reported revenue of $958.40M. Revenue grew 432.1% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $1.28B.

Key ratios (year ended 2025-12-31)

-31.3%
Operating margin
-30.1%
Net margin
-47.8%
Return on year-end equity
432.1%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-09-11

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 5-for-4, first reflected in a filing dated 2026-05-06. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$1.28B$958.40M$180.13M$0$0$0$0$0$0$0n/a
Cost of Revenuen/an/a$6.23M$0$0n/an/an/an/an/an/a
R&D Expense$490.14M$388.52M$236.72M$272.35M$245.44M$205.16M$184.81M$72.32M$25.39M$24.39M$15.93M
Operating Income-$322.62M-$300.10M-$497.88M-$380.50M-$293.57M-$242.48M-$206.67M-$94.97M-$40.68M-$32.06M-$25.22M
Depreciation & Amortization$1.52M$1.51M$1.10M$527.0K$467.0K$405.0K$471.0K$112.0K$96.0K$77.0K$156
EBITDA-$321.10M-$298.59M-$496.78M-$379.97M-$293.10M-$242.08M-$206.20M-$94.86M-$40.59M-$31.98M-$25.22M
Net Income-$325.10M-$288.28M-$465.89M-$373.63M-$295.35M-$241.85M-$202.24M-$83.95M-$32.81M-$31.15M-$26.39M
EPS (Diluted)n/a-$12.85-$21.90-$19.99-$17.23-$14.63-$13.09n/an/an/an/a
Total Assets$1.24B$1.26B$1.04B$640.55M$362.57M$273.33M$287.00M$442.06M$485.43M$192.31M$41.21M
Total Liabilities$720.92M$656.90M$287.86M$235.21M$165.18M$77.22M$47.02M$25.49M$8.44M$10.05M$4.80M
Long-Term Debt$340.79M$339.88M$117.57M$115.48M$69.67Mn/an/an/an/an/an/a
Shareholders' Equity$523.72M$602.69M$754.38M$405.33M$197.39M$196.11M$239.97M$416.56M$476.98M$182.26M$36.41M
Cash & Equivalents$292.73M$198.69M$100.02M$99.92M$331.55M$36.27M$54.00M$46.70M$57.38M$148.63M$19.14M
Operating Cash Flow-$197.72M-$189.55M-$455.57M-$324.23M-$224.86M-$183.92M-$157.56M-$41.62M-$25.51M-$22.32M-$17.61M
Capital Expenditures$8.57M$467.0K$1.46M$1.48M$217.0K$209.0K$334.0K$172.0K$22.0K$125.0K$3.0K
Free Cash Flow-$206.28M-$190.02M-$457.03M-$325.71M-$225.07M-$184.13M-$157.90M-$41.80M-$25.53M-$22.44M-$17.61M
Shares Outstanding23.09M22.84M22.00M19.88M18.10M17.10M15.51M15.43M15.41M14.23M11.95M
Weighted Average Diluted Sharesn/a22.43M21.27M18.69M17.14M16.54M15.45Mn/an/an/an/a
EPS (Basic)n/a-$12.85-$21.90-$19.99-$17.23-$14.63-$13.09n/an/an/an/a

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