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MeiraGTx (MGTX) Financials

MeiraGTx logo
$9.49 -0.09 (-0.94%)
Closing price 04:00 PM Eastern
Extended Trading
$9.98 +0.49 (+5.15%)
As of 05:06 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for MeiraGTx

Annual Income Statements for MeiraGTx

This table shows MeiraGTx's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-32 -85 -55 -58 -80 -130 -84 -148 -114
Consolidated Net Income / (Loss)
-31 -83 -55 -58 -80 -130 -84 -148 -114
Net Income / (Loss) Continuing Operations
-31 -83 -55 -58 -79 -130 -85 -148 -114
Total Pre-Tax Income
-31 -83 -58 -58 -73 -130 -148 -176 -114
Total Operating Income
-32 -78 -58 -63 -73 -116 -137 -164 -106
Total Gross Profit
0.00 0.00 13 16 37 16 15 33 81
Total Revenue
0.00 0.00 13 16 37 16 15 33 81
Operating Revenue
- - 13 16 37 16 15 33 81
Total Cost of Revenue
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses
32 78 72 78 110 132 151 197 187
Selling, General & Admin Expense
9.33 44 47 44 44 47 47 54 53
Marketing Expense
- - - - - - 0.00 24 4.84
Research & Development Expense
22 34 25 34 67 86 104 119 130
Total Other Income / (Expense), net
0.64 -5.32 0.32 4.56 -0.08 -13 -11 -12 -8.23
Interest Expense
0.60 0.03 0.05 0.14 0.29 4.95 13 13 12
Interest & Investment Income
0.03 0.05 0.37 1.28 0.21 0.78 2.27 4.15 1.82
Other Income / (Expense), net
1.21 -5.34 - 3.43 - -9.09 - -2.89 2.15
Other Gains / (Losses), net
0.00 0.08 3.20 - -6.29 - 64 28 0.00
Basic Earnings per Share
($3.72) ($4.47) ($1.65) ($1.54) ($1.80) ($2.87) ($1.49) ($2.12) ($1.42)
Weighted Average Basic Shares Outstanding
8.57M 18.95M 33.16M 37.72M 44.14M 45.18M 56.49M 69.82M 80.43M
Diluted Earnings per Share
($3.72) ($4.47) ($1.65) ($1.54) ($1.80) ($2.87) ($1.49) ($2.12) ($1.42)
Weighted Average Diluted Shares Outstanding
8.57M 18.95M 33.16M 37.72M 44.14M 45.18M 56.49M 69.82M 80.43M
Weighted Average Basic & Diluted Shares Outstanding
8.57M 18.95M 33.16M 37.72M 48.67M - 64.22M 78.85M 81.45M

Quarterly Income Statements for MeiraGTx

This table shows MeiraGTx's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
-44 20 -20 -49 -39 -39 -40 -39 -51 15 -46
Consolidated Net Income / (Loss)
-44 20 -20 -49 -39 -39 -40 -39 -51 15 -46
Net Income / (Loss) Continuing Operations
-44 20 -20 -49 -39 -39 -40 -39 -51 15 -46
Total Pre-Tax Income
-44 -44 -49 -49 -39 -65 -40 -39 -51 15 -43
Total Operating Income
-33 -44 -47 -46 -40 -31 -42 -45 -46 26 -41
Total Gross Profit
5.10 2.54 0.70 0.28 11 21 1.93 3.69 0.41 75 0.29
Total Revenue
5.10 2.54 0.70 0.28 11 21 1.93 3.69 0.41 75 0.29
Operating Revenue
5.10 2.54 0.70 0.28 11 21 1.93 3.69 0.41 75 0.29
Total Cost of Revenue
0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Operating Expenses
38 46 47 46 51 53 44 48 46 49 41
Selling, General & Admin Expense
10 12 13 11 13 17 9.36 12 14 18 8.93
Marketing Expense
0.00 - 0.00 0.00 12 - 1.38 2.68 0.31 0.48 0.20
Research & Development Expense
28 34 34 35 26 24 33 33 33 31 32
Total Other Income / (Expense), net
-12 0.02 -2.69 -2.71 1.30 -33 1.62 6.00 -4.46 -11 -2.66
Interest Expense
3.38 3.45 3.25 3.25 3.36 3.41 3.04 3.03 3.07 3.06 2.85
Interest & Investment Income
0.52 0.55 1.10 0.83 1.19 1.03 0.97 0.41 0.16 0.28 0.19
Other Gains / (Losses), net
- - 29 0.00 -0.58 - - 0.00 0.00 - -2.84
Basic Earnings per Share
($0.74) $0.40 ($0.32) ($0.76) ($0.55) ($0.49) ($0.51) ($0.48) ($0.62) $0.19 ($0.57)
Weighted Average Basic Shares Outstanding
59.53M 56.49M 64.07M 64.38M 71.63M 69.82M 79.03M 80.59M 80.95M 80.43M 81.30M
Diluted Earnings per Share
($0.74) $0.40 ($0.32) ($0.76) ($0.55) ($0.49) ($0.51) ($0.48) ($0.62) $0.19 ($0.57)
Weighted Average Diluted Shares Outstanding
59.53M 56.49M 64.07M 64.38M 71.63M 69.82M 79.03M 80.59M 80.95M 80.43M 81.30M
Weighted Average Basic & Diluted Shares Outstanding
63.60M 64.22M 64.31M 64.90M 78.15M 78.85M 80.37M 80.45M 80.49M 81.45M 92.61M

Annual Cash Flow Statements for MeiraGTx

This table details how cash moves in and out of MeiraGTx's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
-9.25 60 159 -18 -71 -23 13 -26 -38
Net Cash From Operating Activities
-18 -59 20 -64 -11 -73 -105 -104 -46
Net Cash From Continuing Operating Activities
-18 -59 20 -64 -11 -73 -105 -104 -46
Net Income / (Loss) Continuing Operations
-31 -83 -55 -58 -80 -130 -84 -148 -114
Consolidated Net Income / (Loss)
-31 -83 -55 -58 -80 -130 -84 -148 -114
Depreciation Expense
0.68 2.05 2.24 4.17 7.87 8.72 14 13 13
Amortization Expense
0.02 -0.04 0.02 0.14 0.15 0.44 1.08 1.10 1.12
Non-Cash Adjustments To Reconcile Net Income
4.08 17 14 23 44 38 -35 2.76 27
Changes in Operating Assets and Liabilities, net
8.14 4.50 59 -33 17 9.47 -1.21 27 27
Net Cash From Investing Activities
-11 -11 -9.37 -37 -62 -45 34 23 -4.11
Net Cash From Continuing Investing Activities
-11 -11 -9.37 -37 -62 -45 34 23 -4.11
Purchase of Property, Plant & Equipment
-11 -11 -8.98 -21 -46 -45 -20 -4.96 -3.83
Acquisitions
- - -0.39 -2.13 - - - 0.00 -0.41
Sale of Property, Plant & Equipment
- - - - - - - 0.00 0.13
Other Investing Activities, net
- - 0.00 -14 -8.87 0.00 54 28 0.00
Net Cash From Financing Activities
19 130 148 83 1.71 95 84 55 12
Net Cash From Continuing Financing Activities
19 130 148 83 1.71 95 84 55 12
Repurchase of Common Equity
0.00 -4.12 -7.50 -5.14 - - -6.42 -2.52 -0.04
Issuance of Common Equity
0.00 70 155 87 - 25 92 59 15
Other Financing Activities, net
0.01 9.00 0.53 0.82 1.71 -2.54 -1.51 -2.34 -2.76
Cash Interest Paid
0.02 0.03 0.00 0.00 0.14 0.33 13 12 11

Quarterly Cash Flow Statements for MeiraGTx

This table details how cash moves in and out of MeiraGTx's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents
-28 64 -11 -19 24 -20 -37 -39 -13 51 5.44
Net Cash From Operating Activities
-24 -15 -37 -19 -25 -23 -37 -44 -12 47 18
Net Cash From Continuing Operating Activities
-24 -15 -37 -19 -25 -23 -37 -44 -12 47 18
Net Income / (Loss) Continuing Operations
-44 20 -20 -49 -39 -39 -40 -39 -51 15 -46
Consolidated Net Income / (Loss)
-44 20 -20 -49 -39 -39 -40 -39 -51 15 -46
Depreciation Expense
3.48 3.91 3.28 3.22 3.26 3.07 3.08 3.19 3.16 3.12 3.01
Amortization Expense
0.27 0.27 0.27 0.27 0.28 0.28 0.27 0.28 0.28 0.28 0.23
Non-Cash Adjustments To Reconcile Net Income
16 -59 -21 6.58 3.46 10 4.78 -2.64 7.87 21 7.73
Changes in Operating Assets and Liabilities, net
0.27 20 1.63 19 7.31 2.58 -4.98 -5.98 27 6.72 53
Net Cash From Investing Activities
-3.56 51 27 -1.33 -1.31 -1.22 -1.71 -0.76 -0.55 -1.09 -2.26
Net Cash From Continuing Investing Activities
-3.56 51 27 -1.33 -1.31 -1.22 -1.71 -0.76 -0.55 -1.09 -2.26
Purchase of Property, Plant & Equipment
-3.56 -3.03 -1.68 -1.33 -0.73 -1.22 -1.71 -1.23 -0.61 -0.27 -2.01
Acquisitions
- - - - - - 0.00 - - - -0.25
Net Cash From Financing Activities
-0.40 28 -1.27 1.60 50 4.24 1.71 5.45 -0.22 5.33 -10
Net Cash From Continuing Financing Activities
-0.40 28 -1.27 1.60 50 4.24 1.71 5.45 -0.22 5.33 -10
Repurchase of Common Equity
-0.12 -2.30 -0.64 -0.01 -1.86 -0.01 -0.01 -0.01 - -0.01 -18
Issuance of Common Equity
- 30 1.59 1.61 52 4.26 4.48 5.43 - 5.16 14
Other Financing Activities, net
-0.29 0.01 -2.22 - -0.12 - -2.76 0.03 -0.22 0.18 -5.91
Cash Interest Paid
2.98 3.09 2.95 2.94 2.97 3.17 2.86 2.69 2.72 2.76 2.71

Annual Balance Sheets for MeiraGTx

This table presents MeiraGTx's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
26 97 324 364 320 318 327 270 244
Total Current Assets
11 75 269 273 183 154 160 124 92
Cash & Equivalents
8.55 68 227 210 138 116 130 104 66
Accounts Receivable
- - 23 38 22 21 10 0.71 3.00
Prepaid Expenses
1.96 1.94 4.46 7.08 8.10 8.13 5.63 6.83 6.02
Current Deferred & Refundable Income Taxes
- 3.42 12 13 13 7.69 13 8.97 15
Other Current Assets
0.97 1.22 1.97 4.57 2.42 1.67 1.02 2.97 1.53
Plant, Property, & Equipment, net
14 22 24 44 76 109 116 103 105
Total Noncurrent Assets
0.12 0.23 31 47 61 55 51 43 47
Long-Term Investments
- - - 0.00 6.66 6.33 6.77 6.75 6.75
Noncurrent Note & Lease Receivables
- - - 22 28 25 24 22 24
Intangible Assets
- - 0.00 2.12 1.79 1.34 1.12 0.82 0.58
Other Noncurrent Operating Assets
0.12 0.23 31 23 25 22 19 14 16
Total Liabilities & Shareholders' Equity
26 97 324 364 320 318 327 270 244
Total Liabilities
22 16 133 125 135 200 189 202 250
Total Current Liabilities
21 15 49 54 68 82 67 61 123
Short-Term Debt
1.47 - - - - - - 0.00 25
Accounts Payable
7.92 3.04 3.76 7.13 15 17 16 24 10
Accrued Expenses
9.33 12 18 21 28 40 43 27 33
Current Deferred Revenue
- - 26 24 22 15 2.93 4.83 1.78
Other Current Liabilities
2.68 0.46 1.67 2.61 3.37 11 5.47 4.96 53
Total Noncurrent Liabilities
0.48 0.34 84 71 67 118 121 141 128
Long-Term Debt
- - - 0.00 0.95 71 72 73 50
Capital Lease Obligations
0.03 - - - - - - 0.00 0.11
Asset Retirement Reserve & Litigation Obligation
0.18 0.13 1.65 1.81 2.08 2.18 2.40 2.82 1.40
Noncurrent Deferred Revenue
0.27 0.20 61 49 43 27 34 58 65
Other Noncurrent Operating Liabilities
- 0.01 22 20 20 17 13 7.52 11
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 - - 0.00 0.00
Total Equity & Noncontrolling Interests
-47 81 191 239 185 118 138 68 -5.79
Total Preferred & Common Equity
-47 81 191 239 185 118 138 68 -5.79
Total Common Equity
-47 81 191 239 185 118 138 68 -5.79
Common Stock
20 229 396 504 529 582 694 774 808
Retained Earnings
-65 -148 -203 -261 -341 -470 -554 -702 -816
Treasury Stock
- - - - - - - - 0.00
Accumulated Other Comprehensive Income / (Loss)
-2.02 0.29 -1.79 -4.90 -2.67 6.05 -1.44 -3.72 2.41

Quarterly Balance Sheets for MeiraGTx

This table presents MeiraGTx's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets
301 288 310 267 309 267 299 224 199 189 245
Total Current Assets
155 121 143 104 149 111 139 80 47 34 96
Cash & Equivalents
115 69 93 63 119 100 123 67 32 15 72
Accounts Receivable
24 36 33 22 11 1.63 3.28 0.73 2.32 2.81 3.26
Prepaid Expenses
10 6.98 8.11 7.00 5.08 4.96 7.03 6.93 7.03 7.20 6.03
Current Deferred & Refundable Income Taxes
4.90 7.86 8.03 10 13 3.56 5.15 4.22 4.47 9.00 15
Other Current Assets
1.56 1.56 1.55 0.76 0.93 0.66 0.71 0.88 0.78 0.33 0.67
Plant, Property, & Equipment, net
94 113 114 112 111 109 113 104 111 108 103
Total Noncurrent Assets
53 54 53 52 49 47 48 40 41 48 46
Long-Term Investments
6.66 6.33 6.33 6.33 6.77 6.77 6.77 6.75 6.75 6.75 6.75
Noncurrent Note & Lease Receivables
23 25 25 24 24 23 24 23 24 24 23
Intangible Assets
1.29 1.30 1.25 1.87 1.04 0.97 0.95 0.77 0.74 0.65 0.49
Other Noncurrent Operating Assets
22 22 21 20 17 16 16 9.47 9.17 16 16
Total Liabilities & Shareholders' Equity
301 288 310 267 309 267 299 224 199 189 245
Total Liabilities
179 198 187 175 188 187 204 191 196 230 303
Total Current Liabilities
72 81 72 64 48 47 59 52 53 153 176
Short-Term Debt
- - - - - - - - - 74 25
Accounts Payable
22 30 28 21 21 21 30 20 26 22 17
Accrued Expenses
25 31 25 28 17 17 19 24 15 24 25
Current Deferred Revenue
19 14 12 7.92 3.77 3.50 5.11 4.24 2.91 2.74 2.00
Other Current Liabilities
7.02 6.59 6.36 6.57 5.20 5.18 5.47 3.88 9.46 31 107
Total Noncurrent Liabilities
106 117 115 112 140 140 144 139 142 77 127
Long-Term Debt
71 72 72 72 72 73 73 73 74 0.00 50
Capital Lease Obligations
- - - - - - - - - - 0.10
Asset Retirement Reserve & Litigation Obligation
2.08 2.24 2.30 2.32 2.44 2.49 2.88 1.34 1.45 1.37 1.41
Noncurrent Deferred Revenue
15 26 25 23 53 54 59 60 63 64 65
Other Noncurrent Operating Liabilities
17 16 16 14 12 11 9.61 4.09 4.05 12 11
Commitments & Contingencies
0.00 0.00 0.00 - - - - - - - 0.00
Total Equity & Noncontrolling Interests
123 90 124 92 122 80 96 33 2.96 -41 -58
Total Preferred & Common Equity
123 90 124 92 122 80 96 33 2.96 -41 -58
Total Common Equity
123 90 124 92 122 80 96 33 2.96 -41 -58
Common Stock
550 587 653 659 700 707 763 780 791 797 820
Retained Earnings
-443 -501 -530 -574 -575 -623 -663 -742 -781 -831 -863
Treasury Stock
- - - - - - - - - - -18
Accumulated Other Comprehensive Income / (Loss)
15 3.69 1.15 7.16 -3.13 -3.61 -4.85 -5.07 -7.53 -6.31 2.58

Annual Metrics And Ratios for MeiraGTx

This table displays calculated financial ratios and metrics derived from MeiraGTx's official financial filings.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2022 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
0.00 27,386,632.00 36,571,722.00 38,412,163.00 - - - - 80,490,889.00
DEI Adjusted Shares Outstanding
0.00 27,386,632.00 36,571,722.00 38,412,163.00 - - - - 80,490,889.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 -3.09 -1.50 -1.51 - - - - -1.42
Growth Metrics
- - - - - - - - -
Profitability Metrics
- - - - - - - - -
Net Operating Profit after Tax (NOPAT)
-22 -55 -41 -44 -81 -81 -96 -115 -74
Return On Investment Capital (ROIC_SIMPLE)
- - - - -43.09% - -45.62% -81.50% -108.05%
Earnings before Interest and Taxes (EBIT)
-30 -83 -58 -59 -116 -125 -137 -164 -104
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-30 -81 -56 -55 -107 -116 -122 -150 -90
Valuation Ratios
- - - - - - - - -
Leverage & Solvency
- - - - - - - - -
Liquidity Ratios
- - - - - - - - -
Cash Flow Metrics
- - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -71 8.62 -109 -120 -107 -103 -72 -40
Efficiency Ratios
- - - - - - - - -
Capital & Investment Metrics
- - - - - - - - -
Invested Capital
-3.07 13 -36 29 67 67 74 31 -4.03
Increase / (Decrease) in Invested Capital
0.00 16 -49 65 38 25 6.77 -43 -35
Book Value per Share
($5.53) $2.96 $5.22 $6.21 $2.63 $2.63 $2.17 $0.87 ($0.07)
Tangible Book Value per Share
($5.53) $2.96 $5.22 $6.16 $2.60 $2.60 $2.16 $0.86 ($0.08)
Total Capital
5.48 81 191 239 189 189 210 141 69
Total Debt
1.51 0.00 0.00 0.00 71 71 72 73 74
Total Long-Term Debt
0.03 0.00 0.00 0.00 71 71 72 73 50
Net Debt
-7.04 -68 -227 -210 -51 -51 -64 -37 1.77
Capital Expenditures (CapEx)
11 11 8.98 21 45 45 20 4.96 3.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-17 -8.93 -7.45 8.91 -43 -43 -37 -41 -72
Debt-free Net Working Capital (DFNWC)
-8.45 59 220 218 72 72 93 63 -6.15
Net Working Capital (NWC)
-9.93 59 220 218 72 72 93 63 -31
Net Nonoperating Expense (NNE)
8.87 28 14 14 48 48 -12 33 40
Net Nonoperating Obligations (NNO)
-7.04 -68 -227 -210 -51 -51 -64 -37 1.77
Total Depreciation and Amortization (D&A)
0.70 2.01 2.26 4.31 9.34 9.17 15 14 14
Earnings Adjustments
- - - - - - - - -
Adjusted Basic Earnings per Share
($3.72) ($4.47) ($1.65) ($1.54) ($2.87) $0.00 ($1.49) ($2.12) ($1.42)
Adjusted Weighted Average Basic Shares Outstanding
8.57M 33.18M 36.82M 44.26M 45.18M 0.00 56.49M 69.82M 80.43M
Adjusted Diluted Earnings per Share
($3.72) ($4.47) ($1.65) ($1.54) ($2.87) $0.00 ($1.49) ($2.12) ($1.42)
Adjusted Weighted Average Diluted Shares Outstanding
8.57M 33.18M 36.82M 44.26M 45.18M 0.00 56.49M 69.82M 80.43M
Adjusted Basic & Diluted Earnings per Share
($3.72) ($4.47) ($1.65) ($1.54) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
8.57M 18.95M 33.16M 37.72M 48.67M 0.00 64.22M 78.85M 81.45M
Normalized Net Operating Profit after Tax (NOPAT)
-22 -55 -41 -44 -81 -81 -96 -115 -74
Debt Service Ratios
- - - - - - - - -
Payout Ratios
- - - - - - - - -

Quarterly Metrics And Ratios for MeiraGTx

This table displays calculated financial ratios and metrics derived from MeiraGTx's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding
- - - - - - 78,854,936.00 80,365,359.00 80,447,477.00 80,490,889.00 81,446,126.00
DEI Adjusted Shares Outstanding
- - - - - - 78,854,936.00 80,365,359.00 80,447,477.00 80,490,889.00 81,446,126.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - -0.51 -0.48 -0.63 0.19 -0.57
Growth Metrics
- - - - - - - - - - -
Revenue Growth
6.71% 148.33% -79.09% -92.03% 113.80% 742.46% 176.33% 1,208.87% -96.24% - -84.79%
EBITDA Growth
-82.13% -3.34% 39.94% -82.77% 10.79% 28.88% 21.04% 23.41% -33.69% - -8.76%
EBIT Growth
-81.69% -6.57% 34.46% -71.85% 10.32% 28.03% 19.87% 21.70% -30.16% - -7.67%
NOPAT Growth
-43.64% -6.57% -47.27% -59.49% -22.22% 28.03% 11.07% 2.43% -15.01% - 1.87%
Net Income Growth
-18.81% 174.01% 32.68% -64.36% 11.21% -294.90% -95.58% 20.21% -28.43% - -15.84%
EPS Growth
10.84% 168.97% 48.39% -43.40% 25.68% -222.50% -59.38% 36.84% -12.73% - -11.76%
Operating Cash Flow Growth
-17.79% 10.57% 1.74% 32.94% -2.49% -60.01% -0.24% -125.88% 51.18% - 148.36%
Free Cash Flow Firm Growth
12.64% -30.14% 78.84% 134.00% 160.64% 156.90% 140.03% -229.67% -118.93% - 1,063.99%
Invested Capital Growth
29.73% 10.08% -21.32% -52.12% -58.49% -58.57% -51.11% -17.72% -69.50% - -285.34%
Revenue Q/Q Growth
44.15% -50.25% -72.55% -59.54% 3,768.79% 96.06% -91.00% 91.64% -88.89% - -99.61%
EBITDA Q/Q Growth
-61.33% -4.99% 62.75% -189.65% 21.25% 16.31% -22.79% 5.36% -35.08% - -276.74%
EBIT Q/Q Growth
-54.16% -5.59% 58.20% -152.57% 19.55% 15.26% -20.38% 4.59% -31.63% - -328.47%
NOPAT Q/Q Growth
-13.82% -33.55% -6.90% 1.85% 12.78% 21.36% -32.09% -7.69% -2.81% - -207.93%
Net Income Q/Q Growth
-49.75% 145.64% -201.12% -137.84% 19.11% -0.18% -1.48% 2.97% -30.20% - -406.95%
EPS Q/Q Growth
-39.62% 154.05% -180.00% -137.50% 27.63% 10.91% -4.08% 5.88% -29.17% - -400.00%
Operating Cash Flow Q/Q Growth
15.85% 40.42% -152.57% 47.05% -28.61% 6.98% -58.22% -19.33% 72.21% - -61.81%
Free Cash Flow Firm Q/Q Growth
15.49% 15.92% 61.84% 225.41% 50.69% -21.10% -73.15% -506.19% 78.01% - 8.78%
Invested Capital Q/Q Growth
-2.04% -21.35% -7.86% -32.56% -15.07% -21.51% 8.75% 13.49% -68.51% - -1,433.60%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
EBITDA Margin
-738.57% -1,558.41% -2,114.92% -15,141.13% -308.19% -131.56% -1,794.08% -885.97% -10,773.41% - -12,826.28%
Operating Margin
-642.01% -1,723.28% -6,710.47% -16,279.79% -367.01% -147.22% -2,159.71% -1,213.57% -11,231.95% - -13,930.72%
EBIT Margin
-812.05% -1,723.28% -2,623.96% -16,380.50% -340.62% -147.22% -1,968.28% -979.92% -11,611.95% - -13,930.72%
Profit (Net Income) Margin
-868.06% 796.18% -2,932.86% -17,241.13% -360.50% -184.19% -2,075.86% -1,051.07% -12,320.24% - -15,806.48%
Tax Burden Percent
100.00% -46.22% 100.00% 100.00% 100.00% 60.66% 100.00% 100.00% 100.00% - 106.53%
Interest Burden Percent
106.90% 99.97% 111.77% 105.25% 105.83% 206.25% 105.47% 107.26% 106.10% - 106.51%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)
-36.29% -248.10% -721.05% -1,384.07% -55.71% -65.57% -1,028.22% -768.91% -8,462.22% - 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
52.68% -336.71% -764.06% -1,330.56% -14.27% -31.34% -987.49% -2,669.27% -7,598.46% - 0.00%
Return on Net Nonoperating Assets (RNNOA)
-11.79% 150.99% 206.13% 402.65% 4.15% 15.43% 340.31% -25.18% 582.77% - 0.00%
Return on Equity (ROE)
-48.08% -97.11% -514.92% -981.42% -51.56% -50.15% -687.91% -794.09% -7,879.45% - 963.07%
Cash Return on Invested Capital (CROIC)
-138.84% -145.54% -113.69% -96.37% -103.00% -136.94% -150.76% -244.44% -343.97% - 0.00%
Operating Return on Assets (OROA)
-19.20% -77.57% -104.36% -489.56% -17.34% -16.43% -254.75% -159.68% -1,302.22% - -4,741.45%
Return on Assets (ROA)
-20.53% 35.84% -116.64% -515.28% -18.36% -20.55% -268.67% -171.28% -1,381.65% - -5,379.89%
Return on Common Equity (ROCE)
-48.08% -97.11% -514.92% -981.42% -51.56% -50.15% -687.91% -794.09% -7,879.45% - 963.07%
Return on Equity Simple (ROE_SIMPLE)
-143.17% 0.00% -60.87% -116.37% -92.10% 0.00% -505.54% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)
-23 -31 -33 -32 -28 -22 -29 -31 -32 26 -29
NOPAT Margin
-449.41% -1,206.29% -4,697.33% -11,395.85% -256.91% -103.05% -1,511.80% -849.50% -7,862.37% - -9,751.50%
Net Nonoperating Expense Percent (NNEP)
-88.97% 88.61% 43.01% -53.52% -41.44% -34.23% -40.72% 1,900.36% -863.77% - -1,042.06%
Return On Investment Capital (ROIC_SIMPLE)
- -14.56% - - - -15.63% -27.32% -40.86% -96.23% 38.56% -172.83%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue
196.14% 477.51% 1,886.23% 3,991.84% 116.62% 79.89% 486.19% 333.60% 3,320.98% - 3,047.10%
R&D to Revenue
545.88% 1,326.11% 4,924.25% 12,387.94% 240.54% 112.13% 1,701.97% 907.48% 7,934.63% - 10,916.04%
Operating Expenses to Revenue
742.01% 1,803.62% 6,810.47% 16,379.79% 467.01% 247.22% 2,259.71% 1,313.57% 11,331.95% - 14,030.72%
Earnings before Interest and Taxes (EBIT)
-41 -44 -18 -46 -37 -31 -38 -36 -48 18 -41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-38 -40 -15 -43 -34 -28 -35 -33 -44 21 -38
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
3.18 3.23 3.20 3.38 2.83 7.02 16.15 177.02 0.00 - 0.00
Price to Tangible Book Value (P/TBV)
3.25 3.26 3.23 3.42 2.86 7.10 16.54 236.24 0.00 - 0.00
Price to Revenue (P/Rev)
43.48 30.76 32.81 31.40 18.76 14.30 15.49 13.82 24.15 - 8.84
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)
3.13 5.17 4.93 5.15 5.48 14.32 16.05 14.78 60.01 - 0.00
Enterprise Value to Revenue (EV/Rev)
43.80 26.33 28.30 27.45 14.83 13.18 15.50 14.74 26.06 - 8.80
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 84.76
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 32.72
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.78 0.52 0.59 0.91 0.76 1.08 2.22 24.92 -1.83 - -1.28
Long-Term Debt to Equity
0.78 0.52 0.59 0.91 0.76 1.08 2.22 24.92 0.00 - -0.86
Financial Leverage
-0.22 -0.45 -0.27 -0.30 -0.29 -0.49 -0.34 0.01 -0.08 - 0.14
Leverage Ratio
2.65 2.52 2.82 2.83 3.02 2.90 3.44 5.61 8.86 - -18.72
Compound Leverage Factor
2.83 2.52 3.15 2.98 3.20 5.97 3.63 6.01 9.40 - -19.94
Debt to Total Capital
43.88% 34.29% 37.29% 47.59% 43.24% 51.91% 68.95% 96.14% 221.07% - 451.62%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 221.07% - 150.41%
Long-Term Debt to Total Capital
43.88% 34.29% 37.29% 47.59% 43.24% 51.91% 68.95% 96.14% 0.00% - 301.21%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital
56.12% 65.71% 62.71% 52.41% 56.76% 48.09% 31.05% 3.86% -121.07% - -351.62%
Debt to EBITDA
-0.59 -0.59 -0.53 -0.47 -0.45 -0.49 -0.51 -0.51 -0.49 - -0.81
Net Debt to EBITDA
-0.02 0.53 0.39 0.22 0.35 0.25 0.00 -0.24 -0.35 - 0.04
Long-Term Debt to EBITDA
-0.59 -0.59 -0.53 -0.47 -0.45 -0.49 -0.51 -0.51 0.00 - -0.54
Debt to NOPAT
-0.76 -0.75 -0.68 -0.61 -0.59 -0.64 -0.66 -0.67 -0.65 - -1.01
Net Debt to NOPAT
-0.02 0.67 0.50 0.29 0.46 0.32 0.00 -0.32 -0.46 - 0.05
Long-Term Debt to NOPAT
-0.76 -0.75 -0.68 -0.61 -0.59 -0.64 -0.66 -0.67 0.00 - -0.68
Altman Z-Score
-2.32 -1.01 -1.12 -2.65 -2.34 -2.21 -3.21 -4.34 -5.85 - -4.15
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.63 2.38 3.14 2.36 2.34 2.03 1.53 0.88 0.22 - 0.55
Quick Ratio
1.35 2.08 2.74 2.16 2.12 1.72 1.28 0.65 0.12 - 0.42
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-44 -37 -14 18 27 21 5.71 -23 -5.10 61 67
Operating Cash Flow to CapEx
-685.02% -480.10% -2,189.57% -1,463.96% -3,427.67% -1,911.00% -2,153.68% -3,561.35% -2,233.09% - 886.95%
Free Cash Flow to Firm to Interest Expense
-13.16 -10.84 -4.39 5.50 8.03 6.24 1.88 -7.65 -1.67 - 23.35
Operating Cash Flow to Interest Expense
-7.22 -4.22 -11.30 -5.98 -7.45 -6.82 -12.10 -14.48 -3.99 - 6.25
Operating Cash Flow Less CapEx to Interest Expense
-8.28 -5.10 -11.82 -6.39 -7.67 -7.18 -12.66 -14.89 -4.16 - 5.55
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.02 0.05 0.04 0.03 0.05 0.11 0.13 0.16 0.11 - 0.34
Accounts Receivable Turnover
0.29 0.92 0.50 0.50 1.12 6.14 5.92 19.21 9.01 - 39.91
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Fixed Asset Turnover
0.07 0.13 0.11 0.08 0.13 0.30 0.32 0.35 0.25 - 0.77
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Days Sales Outstanding (DSO)
1,251.39 395.68 725.34 726.49 324.79 59.47 61.61 19.00 40.52 - 9.15
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Cash Conversion Cycle (CCC)
1,251.39 395.68 725.34 726.49 324.79 59.47 61.61 19.00 40.52 - 9.15
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
94 74 68 46 39 31 33 38 12 -4.03 -62
Invested Capital Turnover
0.08 0.21 0.15 0.12 0.22 0.64 0.68 0.91 1.08 - -5.61
Increase / (Decrease) in Invested Capital
22 6.77 -18 -50 -55 -43 -35 -8.15 -27 -35 -95
Enterprise Value (EV)
294 382 336 237 214 439 535 559 715 - 702
Market Capitalization
292 446 390 271 271 476 535 524 662 - 705
Book Value per Share
$1.54 $2.17 $1.90 $1.24 $1.48 $0.87 $0.42 $0.04 ($0.50) ($0.07) ($0.71)
Tangible Book Value per Share
$1.51 $2.16 $1.88 $1.23 $1.46 $0.86 $0.41 $0.03 ($0.51) ($0.08) ($0.72)
Total Capital
164 210 194 153 169 141 107 77 33 69 17
Total Debt
72 72 72 73 73 73 73 74 74 74 75
Total Long-Term Debt
72 72 72 73 73 73 73 74 0.00 50 50
Net Debt
2.15 -64 -54 -34 -57 -37 0.22 35 52 1.77 -3.63
Capital Expenditures (CapEx)
3.56 3.03 1.68 1.33 0.73 1.22 1.71 1.23 0.55 0.68 2.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-23 -37 -17 -36 -43 -41 -39 -39 -60 -72 -127
Debt-free Net Working Capital (DFNWC)
40 93 102 64 80 63 28 -6.35 -45 -6.15 -55
Net Working Capital (NWC)
40 93 102 64 80 63 28 -6.35 -119 -31 -80
Net Nonoperating Expense (NNE)
21 -51 -12 16 11 17 11 7.44 18 11 18
Net Nonoperating Obligations (NNO)
2.15 -64 -54 -34 -57 -37 0.22 35 52 1.77 -3.63
Total Depreciation and Amortization (D&A)
3.75 4.19 3.55 3.50 3.54 3.35 3.36 3.47 3.44 3.40 3.24
Debt-free, Cash-free Net Working Capital to Revenue
-347.29% -255.04% -146.89% -419.97% -299.73% -122.97% -113.03% -101.59% -217.14% - -158.73%
Debt-free Net Working Capital to Revenue
595.23% 637.53% 856.61% 739.68% 551.90% 188.51% 79.74% -16.75% -163.01% - -69.03%
Net Working Capital to Revenue
595.23% 637.53% 856.61% 739.68% 551.90% 188.51% 79.74% -16.75% -433.12% - -100.21%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.74) $0.40 ($0.32) ($0.76) ($0.55) ($0.49) ($0.51) ($0.48) ($0.62) $0.19 ($0.57)
Adjusted Weighted Average Basic Shares Outstanding
59.53M 56.49M 64.07M 64.38M 71.63M 69.82M 79.03M 80.59M 80.95M 80.43M 81.30M
Adjusted Diluted Earnings per Share
($0.74) $0.40 ($0.32) ($0.76) ($0.55) ($0.49) ($0.51) ($0.48) ($0.62) $0.19 ($0.57)
Adjusted Weighted Average Diluted Shares Outstanding
59.53M 56.49M 64.07M 64.38M 71.63M 69.82M 79.03M 80.59M 80.95M 80.43M 81.30M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
63.60M 64.22M 64.31M 64.90M 78.15M 78.85M 80.37M 80.45M 80.49M 81.45M 92.61M
Normalized Net Operating Profit after Tax (NOPAT)
-23 -31 -33 -32 -28 -22 -29 -31 -32 19 -29
Normalized NOPAT Margin
-449.41% -1,206.29% -4,697.33% -11,395.85% -256.91% -103.05% -1,511.80% -849.50% -7,862.37% - -9,751.50%
Pre Tax Income Margin
-868.06% -1,722.69% -2,932.86% -17,241.13% -360.50% -303.63% -2,075.86% -1,051.07% -12,320.24% - -14,838.23%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-12.26 -12.69 -5.63 -14.20 -11.07 -9.23 -12.46 -11.92 -15.53 - -14.33
NOPAT to Interest Expense
-6.78 -8.88 -10.07 -9.88 -8.35 -6.46 -9.57 -10.33 -10.52 - -10.03
EBIT Less CapEx to Interest Expense
-13.31 -13.56 -6.14 -14.60 -11.29 -9.59 -13.02 -12.33 -15.71 - -15.04
NOPAT Less CapEx to Interest Expense
-7.84 -9.76 -10.59 -10.28 -8.57 -6.82 -10.13 -10.74 -10.70 - -10.74
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio
0.00% -7.64% 0.00% 0.00% 0.00% -1.70% -1.13% -1.21% -0.02% - -15.15%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from MeiraGTx (NASDAQ:MGTX) for the last four years of quarterly statements, focusing on trends in revenue, profitability, cash flow, and balance sheet metrics. The figures are shown in USD.

  • Q4 2025 revenue and gross profit surged to $75.364 million, with gross profit matching revenue. This suggests a notable revenue spike in the quarter, potentially due to a one-time/licensing event rather than a steady four-quarter run.
  • Q4 2025 operating income turned positive at $26.472 million. This signals a meaningful quarterly improvement in core operations.
  • Q4 2025 net income attributable to common shareholders was $15.088 million, with basic/diluted EPS of $0.19. A positive quarterly bottom-line result after prior losses.
  • Revenue in Q4 2025 rose markedly year over year, from about $21.39 million in Q4 2024 to $75.36 million in Q4 2025. Indicates a significant growth swing in the latest period.
  • Q4 2025 net cash from continuing operating activities was $46.631 million, with net cash from operating activities also at $46.631 million and a net increase in cash of $50.870 million. This shows strong liquidity generation in the quarter.
  • Q4 2025 long-term debt dropped to $0, reducing leverage, and net financing activities were positive ($5.328 million). Improves balance sheet flexibility.
  • Equity activity in Q4 2025 included an issuance of common equity totaling about $5.159 million, supporting liquidity. Provides additional capital without immediate debt obligations.
  • From Q1–Q3 2025, operating cash flow was negative in each quarter (e.g., Q3 -$12.215 million; Q2 -$43.947 million; Q1 -$36.828 million), making the Q4 improvement notable but potentially episodic. Cautionary context for sustainability.
  • R&D expense remains high (e.g., Q4 2025 RD expense around $30.812 million), pointing to continued heavy investment in pipeline efforts rather than immediate profitability. Neutral in terms of near-term financial results but important for long-term value drivers.
  • Despite the Q4 rebound, there are ongoing losses in earlier quarters (Q3 2025 net income of −$50.5 million; Q2 2025 −$38.8 million; Q1 2025 −$39.98 million). This highlights persistent near-term profitability challenges.
  • Total equity remained negative across periods, with negative book value (e.g., Total Common Equity around −$40.6 million in Q4 2025), signaling continued capital adequacy concerns despite recent quarterly improvements.
05/21/26 03:18 PM ETAI Generated. May Contain Errors.

MeiraGTx Financials - Frequently Asked Questions

According to the most recent income statement we have on file, MeiraGTx's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

MeiraGTx's net income appears to be on an upward trend, with a most recent value of -$114.20 million in 2025, rising from -$31.04 million in 2017. The previous period was -$147.79 million in 2024. Check out MeiraGTx's forecast to explore projected trends and price targets.

MeiraGTx's total operating income in 2025 was -$105.97 million, based on the following breakdown:
  • Total Gross Profit: $81.39 million
  • Total Operating Expenses: $187.36 million

Over the last 8 years, MeiraGTx's total revenue changed from $0.00 in 2017 to $81.39 million in 2025, a change of 8,139,100,000.0%.

MeiraGTx's total liabilities were at $250.22 million at the end of 2025, a 23.9% increase from 2024, and a 1,043.6% increase since 2017.

In the past 8 years, MeiraGTx's cash and equivalents has ranged from $8.55 million in 2017 to $227.23 million in 2019, and is currently $65.93 million as of their latest financial filing in 2025.

Over the last 8 years, MeiraGTx's book value per share changed from -5.53 in 2017 to -0.07 in 2025, a change of -98.7%.



Financial statements for NASDAQ:MGTX last updated on 5/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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