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MeiraGTx (MGTX) Financials

MeiraGTx logo
$9.94 -0.44 (-4.24%)
Closing price 04:00 PM Eastern
Extended Trading
$9.94 0.00 (0.00%)
As of 04:10 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.
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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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 20 -20 -49 -39 -39 -40 -36 -51 15 -46 161
Consolidated Net Income / (Loss)		 20 -20 -49 -39 -39 -40 -39 -51 15 -46 321
Net Income / (Loss) Continuing Operations		 20 -20 -49 -39 -39 -40 -36 -51 15 -46 161
Total Pre-Tax Income 		-44 -49 -49 -39 -65 -40 -36 -51 15 -43 235
Total Operating Income		 -44 -47 -46 -40 -31 -42 -45 -46 26 -41 244
Total Gross Profit		 2.54 0.70 0.28 11 21 1.93 3.69 0.41 75 0.29 314
Total Revenue		 2.54 0.70 0.28 11 21 1.93 3.69 0.41 75 0.29 321
Operating Revenue		 2.54 0.70 0.28 11 21 1.93 3.69 0.41 75 0.29 321
Total Cost of Revenue		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 7.16
Operating Cost of Revenue		 - - - - - - - - - - 7.16
Total Operating Expenses		 46 47 46 51 53 44 46 46 49 41 70
Selling, General & Admin Expense		 12 13 11 13 17 9.36 12 14 18 8.93 12
Research & Development Expense		 34 34 35 26 24 33 33 33 31 32 58
Total Other Income / (Expense), net		 0.02 -2.69 -2.71 1.30 -33 1.62 6.00 -4.46 -11 -2.66 -9.49
Interest Expense		 3.45 3.25 3.25 3.36 3.41 3.04 3.03 3.07 3.06 2.85 3.51
Interest & Investment Income		 0.55 1.10 0.83 1.19 1.03 0.97 0.41 0.16 0.28 0.19 0.71
Other Income / (Expense), net		 - -0.54 -0.28 3.46 - 3.69 8.62 -1.56 -8.61 - -6.69
Income Tax Expense		 - - - - - - 0.00 - - - 2.36
Other Gains / (Losses), net		 - 29 0.00 -0.58 - - - 0.00 - -2.84 -72
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - - - - - -0.05
Basic Earnings per Share		 $0.40 ($0.32) ($0.76) ($0.55) ($0.49) ($0.51) ($0.48) ($0.62) $0.19 ($0.57) $1.76
Weighted Average Basic Shares Outstanding		 56.49M 64.07M 64.38M 71.63M 69.82M 79.03M 80.59M 80.95M 80.43M 81.30M 91.42M
Diluted Earnings per Share		 $0.40 ($0.32) ($0.76) ($0.55) ($0.49) ($0.51) ($0.48) ($0.62) $0.19 ($0.57) $1.71
Weighted Average Diluted Shares Outstanding		 56.49M 64.07M 64.38M 71.63M 69.82M 79.03M 80.59M 80.95M 80.43M 81.30M 93.81M
Weighted Average Basic & Diluted Shares Outstanding		 64.22M 64.31M 64.90M 78.15M 78.85M 80.37M 80.45M 80.49M 81.45M 92.61M 96.04M

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 12/31/2022 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -9.25 60 159 -18 -23 -23 13 -26 -38
Net Cash From Operating Activities		 -18 -59 20 -64 -73 -73 -105 -104 -46
Net Cash From Continuing Operating Activities		 -18 -59 20 -64 -73 -73 -105 -104 -46
Net Income / (Loss) Continuing Operations		 -31 -83 -55 -58 -130 -130 -84 -148 -114
Consolidated Net Income / (Loss)		 -31 -83 -55 -58 -130 -130 -84 -148 -114
Depreciation Expense		 0.68 2.05 2.24 4.17 8.72 8.72 14 13 13
Amortization Expense		 0.02 -0.04 0.02 0.14 0.61 0.44 1.08 1.10 1.12
Non-Cash Adjustments To Reconcile Net Income		 4.08 17 14 23 38 38 -35 2.76 27
Changes in Operating Assets and Liabilities, net		 8.14 4.50 59 -33 8.94 9.47 -1.21 27 27
Net Cash From Investing Activities		 -11 -11 -9.37 -37 -45 -45 34 23 -4.11
Net Cash From Continuing Investing Activities		 -11 -11 -9.37 -37 -45 -45 34 23 -4.11
Purchase of Property, Plant & Equipment		 -11 -11 -8.98 -21 -45 -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 0.00 0.00 54 28 0.00
Net Cash From Financing Activities		 19 130 148 83 95 95 84 55 12
Net Cash From Continuing Financing Activities		 19 130 148 83 95 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 -4.80 -2.54 -1.51 -2.34 -2.76
Cash Interest Paid		 0.02 0.03 0.00 0.00 0.33 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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 64 -11 -19 24 -20 -37 -39 -13 51 5.44 72
Net Cash From Operating Activities		 -15 -37 -19 -25 -23 -37 -44 -12 47 18 -39
Net Cash From Continuing Operating Activities		 -15 -37 -19 -25 -23 -37 -44 -12 47 18 -39
Net Income / (Loss) Continuing Operations		 20 -20 -49 -39 -39 -40 -39 -51 15 -46 161
Consolidated Net Income / (Loss)		 20 -20 -49 -39 -39 -40 -39 -51 15 -46 161
Depreciation Expense		 3.91 3.28 3.22 3.26 3.07 3.08 3.19 3.16 3.12 3.01 2.82
Amortization Expense		 0.27 0.27 0.27 0.28 0.28 0.27 0.28 0.28 0.28 0.23 0.44
Non-Cash Adjustments To Reconcile Net Income		 -59 -21 6.58 3.46 10 4.78 -2.64 7.87 21 7.73 -24
Changes in Operating Assets and Liabilities, net		 20 1.63 19 7.31 2.58 -4.98 -5.98 27 6.72 53 -178
Net Cash From Investing Activities		 51 27 -1.33 -1.31 -1.22 -1.71 -0.76 -0.55 -1.09 -2.26 -24
Net Cash From Continuing Investing Activities		 51 27 -1.33 -1.31 -1.22 -1.71 -0.76 -0.55 -1.09 -2.26 -24
Purchase of Property, Plant & Equipment		 -3.03 -1.68 -1.33 -0.73 -1.22 -1.71 -1.23 -0.61 -0.27 -2.01 -0.33
Acquisitions		 - - - - - 0.00 - - - -0.25 -24
Net Cash From Financing Activities		 28 -1.27 1.60 50 4.24 1.71 5.45 -0.22 5.33 -10 134
Net Cash From Continuing Financing Activities		 28 -1.27 1.60 50 4.24 1.71 5.45 -0.22 5.33 -10 134
Repurchase of Common Equity		 -2.30 -0.64 -0.01 -1.86 -0.01 -0.01 -0.01 - -0.01 -18 -6.04
Issuance of Common Equity		 30 1.59 1.61 52 4.26 4.48 5.43 - 5.16 14 114
Other Financing Activities, net		 0.01 -2.22 - -0.12 - -2.76 0.03 -0.22 0.18 -5.91 0.75
Cash Interest Paid		 3.09 2.95 2.94 2.97 3.17 2.86 2.69 2.72 2.76 2.71 5.18

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
Current Deferred & Payable Income Tax Liabilities		 - - - - - - - - 0.00
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
Noncontrolling Interest		 - - - - - - - - 0.00

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Total Assets		 288 310 267 309 267 299 224 199 189 245 396
Total Current Assets		 121 143 104 149 111 139 80 47 34 96 218
Cash & Equivalents		 69 93 63 119 100 123 67 32 15 72 143
Accounts Receivable		 36 33 22 11 1.63 3.28 0.73 2.32 2.81 3.26 30
Prepaid Expenses		 6.98 8.11 7.00 5.08 4.96 7.03 6.93 7.03 7.20 6.03 3.99
Current Deferred & Refundable Income Taxes		 7.86 8.03 10 13 3.56 5.15 4.22 4.47 9.00 15 14
Other Current Assets		 1.56 1.55 0.76 0.93 0.66 0.71 0.88 0.78 0.33 0.67 27
Plant, Property, & Equipment, net		 113 114 112 111 109 113 104 111 108 103 100
Total Noncurrent Assets		 54 53 52 49 47 48 40 41 48 46 78
Long-Term Investments		 6.33 6.33 6.33 6.77 6.77 6.77 6.75 6.75 6.75 6.75 40
Noncurrent Note & Lease Receivables		 25 25 24 24 23 24 23 24 24 23 22
Intangible Assets		 1.30 1.25 1.87 1.04 0.97 0.95 0.77 0.74 0.65 0.49 0.42
Other Noncurrent Operating Assets		 22 21 20 17 16 16 9.47 9.17 16 16 15
Total Liabilities & Shareholders' Equity		 288 310 267 309 267 299 224 199 189 245 396
Total Liabilities		 198 187 175 188 187 204 191 196 230 303 181
Total Current Liabilities		 81 72 64 48 47 59 52 53 153 176 58
Short-Term Debt		 - - - - - - - - 74 25 0.00
Accounts Payable		 30 28 21 21 21 30 20 26 22 17 12
Accrued Expenses		 31 25 28 17 17 19 24 15 24 25 21
Current Deferred Revenue		 14 12 7.92 3.77 3.50 5.11 4.24 2.91 2.74 2.00 5.44
Current Deferred & Payable Income Tax Liabilities		 - - - - - - - - - - 2.36
Other Current Liabilities		 6.59 6.36 6.57 5.20 5.18 5.47 3.88 9.46 31 107 17
Total Noncurrent Liabilities		 117 115 112 140 140 144 139 142 77 127 123
Long-Term Debt		 72 72 72 72 73 73 73 74 0.00 50 100
Capital Lease Obligations		 - - - - - - - - - 0.10 0.09
Asset Retirement Reserve & Litigation Obligation		 2.24 2.30 2.32 2.44 2.49 2.88 1.34 1.45 1.37 1.41 1.45
Noncurrent Deferred Revenue		 26 25 23 53 54 59 60 63 64 65 11
Other Noncurrent Operating Liabilities		 16 16 14 12 11 9.61 4.09 4.05 12 11 9.94
Commitments & Contingencies		 0.00 0.00 - - - - - - - 0.00 0.00
Total Equity & Noncontrolling Interests		 90 124 92 122 80 96 33 2.96 -41 -58 216
Total Preferred & Common Equity		 90 124 92 122 80 96 33 2.96 -41 -58 216
Total Common Equity		 90 124 92 122 80 96 33 2.96 -41 -58 216
Common Stock		 587 653 659 700 707 763 780 791 797 820 932
Retained Earnings		 -501 -530 -574 -575 -623 -663 -742 -781 -831 -863 -702
Treasury Stock		 - - - - - - - - - -18 -18
Accumulated Other Comprehensive Income / (Loss)		 3.69 1.15 7.16 -3.13 -3.61 -4.85 -5.07 -7.53 -6.31 2.58 3.26
Noncontrolling Interest		 - - - - - - - - - - 0.21

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 - - - - - 78,854,936.00 80,365,359.00 80,447,477.00 80,490,889.00 81,446,126.00 92,609,516.00
DEI Adjusted Shares Outstanding		 - - - - - 78,854,936.00 80,365,359.00 80,447,477.00 80,490,889.00 81,446,126.00 92,609,516.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - -0.51 -0.48 -0.63 0.19 -0.57 1.74
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 148.33% -79.09% -92.03% 113.80% 742.46% 176.33% 1,208.87% -96.24% - -84.79% 8,608.59%
EBITDA Growth		 -3.34% 39.94% -82.77% 10.79% 28.88% 21.04% 23.41% -33.69% - -8.76% 836.96%
EBIT Growth		 -6.57% 34.46% -71.85% 10.32% 28.03% 19.87% 21.70% -30.16% - -7.67% 757.29%
NOPAT Growth		 -6.57% -47.27% -59.49% -22.22% 28.03% 11.07% 2.43% -15.01% - 1.87% 871.70%
Net Income Growth		 174.01% 32.68% -64.36% 11.21% -294.90% -95.58% 20.21% -28.43% - -15.84% 928.43%
EPS Growth		 168.97% 48.39% -43.40% 25.68% -222.50% -59.38% 36.84% -12.73% - -11.76% 456.25%
Operating Cash Flow Growth		 10.57% 1.74% 32.94% -2.49% -60.01% -0.24% -125.88% 51.18% - 148.36% 12.31%
Free Cash Flow Firm Growth		 -30.14% 78.84% 134.00% 160.64% 156.90% 140.03% -229.67% -118.93% - 1,063.99% 733.04%
Invested Capital Growth		 10.08% -21.32% -52.12% -58.49% -58.57% -51.11% -17.72% -69.50% - -285.34% 251.32%
Revenue Q/Q Growth		 -50.25% -72.55% -59.54% 3,768.79% 96.06% -91.00% 91.64% -88.89% - -99.61% 109,604.44%
EBITDA Q/Q Growth		 -4.99% 62.75% -189.65% 21.25% 16.31% -22.79% 5.36% -35.08% - -276.74% 741.27%
EBIT Q/Q Growth		 -5.59% 58.20% -152.57% 19.55% 15.26% -20.38% 4.59% -31.63% - -328.47% 682.44%
NOPAT Q/Q Growth		 -33.55% -6.90% 1.85% 12.78% 21.36% -32.09% -7.69% -2.81% - -207.93% 946.87%
Net Income Q/Q Growth		 145.64% -201.12% -137.84% 19.11% -0.18% -1.48% 2.97% -30.20% - -406.95% 793.95%
EPS Q/Q Growth		 154.05% -180.00% -137.50% 27.63% 10.91% -4.08% 5.88% -29.17% - -400.00% 400.00%
Operating Cash Flow Q/Q Growth		 40.42% -152.57% 47.05% -28.61% 6.98% -58.22% -19.33% 72.21% - -61.81% -316.38%
Free Cash Flow Firm Q/Q Growth		 15.92% 61.84% 225.41% 50.69% -21.10% -73.15% -506.19% 78.01% - 8.78% 120.91%
Invested Capital Q/Q Growth		 -21.35% -7.86% -32.56% -15.07% -21.51% 8.75% 13.49% -68.51% - -1,433.60% 315.13%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00% 97.77%
EBITDA Margin		 -1,558.41% -2,114.92% -15,141.13% -308.19% -131.56% -1,794.08% -885.97% -10,773.41% - -12,826.28% 74.97%
Operating Margin		 -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% 76.04%
EBIT Margin		 -1,723.28% -2,623.96% -16,380.50% -340.62% -147.22% -1,968.28% -979.92% -11,611.95% - -13,930.72% 73.96%
Profit (Net Income) Margin		 796.18% -2,932.86% -17,241.13% -360.50% -184.19% -2,075.86% -1,051.07% -12,320.24% - -15,806.48% 99.99%
Tax Burden Percent		 -46.22% 100.00% 100.00% 100.00% 60.66% 100.00% 100.00% 100.00% - 106.53% 136.80%
Interest Burden Percent		 99.97% 111.77% 105.25% 105.83% 206.25% 105.47% 107.26% 106.10% - 106.51% 98.82%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 1.01%
Return on Invested Capital (ROIC)		 -248.10% -721.05% -1,384.07% -55.71% -65.57% -1,028.22% -768.91% -8,462.22% - 0.00% 350.63%
ROIC Less NNEP Spread (ROIC-NNEP)		 -336.71% -764.06% -1,330.56% -14.27% -31.34% -987.49% -2,669.27% -7,598.46% - 0.00% 20.13%
Return on Net Nonoperating Assets (RNNOA)		 150.99% 206.13% 402.65% 4.15% 15.43% 340.31% -25.18% 582.77% - 0.00% -4.42%
Return on Equity (ROE)		 -97.11% -514.92% -981.42% -51.56% -50.15% -687.91% -794.09% -7,879.45% - 963.07% 346.21%
Cash Return on Invested Capital (CROIC)		 -145.54% -113.69% -96.37% -103.00% -136.94% -150.76% -244.44% -343.97% - 0.00% 104.27%
Operating Return on Assets (OROA)		 -77.57% -104.36% -489.56% -17.34% -16.43% -254.75% -159.68% -1,302.22% - -4,741.45% 98.79%
Return on Assets (ROA)		 35.84% -116.64% -515.28% -18.36% -20.55% -268.67% -171.28% -1,381.65% - -5,379.89% 133.56%
Return on Common Equity (ROCE)		 -97.11% -514.92% -981.42% -51.56% -50.15% -687.91% -794.09% -7,879.45% - 963.07% 345.88%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -60.87% -116.37% -92.10% 0.00% -505.54% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -31 -33 -32 -28 -22 -29 -31 -32 26 -29 242
NOPAT Margin		 -1,206.29% -4,697.33% -11,395.85% -256.91% -103.05% -1,511.80% -849.50% -7,862.37% - -9,751.50% 75.28%
Net Nonoperating Expense Percent (NNEP)		 88.61% 43.01% -53.52% -41.44% -34.23% -40.72% 1,900.36% -863.77% - -1,042.06% 330.50%
Return On Investment Capital (ROIC_SIMPLE)		 -14.56% - - - -15.63% -27.32% -40.86% -96.23% 38.56% -172.83% 76.60%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 2.23%
SG&A Expenses to Revenue		 477.51% 1,886.23% 3,991.84% 116.62% 79.89% 486.19% 333.60% 3,320.98% - 3,047.10% 3.74%
R&D to Revenue		 1,326.11% 4,924.25% 12,387.94% 240.54% 112.13% 1,701.97% 907.48% 7,934.63% - 10,916.04% 17.99%
Operating Expenses to Revenue		 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% 21.73%
Earnings before Interest and Taxes (EBIT)		 -44 -18 -46 -37 -31 -38 -36 -48 18 -41 238
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -40 -15 -43 -34 -28 -35 -33 -44 21 -38 241
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.23 3.20 3.38 2.83 7.02 16.15 177.02 0.00 - 0.00 5.80
Price to Tangible Book Value (P/TBV)		 3.26 3.23 3.42 2.86 7.10 16.54 236.24 0.00 - 0.00 5.82
Price to Revenue (P/Rev)		 30.76 32.81 31.40 18.76 14.30 15.49 13.82 24.15 - 8.84 3.15
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 16.40
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% 6.10%
Enterprise Value to Invested Capital (EV/IC)		 5.17 4.93 5.15 5.48 14.32 16.05 14.78 60.01 - 0.00 8.79
Enterprise Value to Revenue (EV/Rev)		 26.33 28.30 27.45 14.83 13.18 15.50 14.74 26.06 - 8.80 2.94
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 5.92
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 6.35
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 6.35
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 84.76 85.36
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 32.72 13.13
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.52 0.59 0.91 0.76 1.08 2.22 24.92 -1.83 - -1.28 0.46
Long-Term Debt to Equity		 0.52 0.59 0.91 0.76 1.08 2.22 24.92 0.00 - -0.86 0.46
Financial Leverage		 -0.45 -0.27 -0.30 -0.29 -0.49 -0.34 0.01 -0.08 - 0.14 -0.22
Leverage Ratio		 2.52 2.82 2.83 3.02 2.90 3.44 5.61 8.86 - -18.72 2.72
Compound Leverage Factor		 2.52 3.15 2.98 3.20 5.97 3.63 6.01 9.40 - -19.94 2.69
Debt to Total Capital		 34.29% 37.29% 47.59% 43.24% 51.91% 68.95% 96.14% 221.07% - 451.62% 31.69%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 221.07% - 150.41% 0.00%
Long-Term Debt to Total Capital		 34.29% 37.29% 47.59% 43.24% 51.91% 68.95% 96.14% 0.00% - 301.21% 31.69%
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% 0.07%
Common Equity to Total Capital		 65.71% 62.71% 52.41% 56.76% 48.09% 31.05% 3.86% -121.07% - -351.62% 68.25%
Debt to EBITDA		 -0.59 -0.53 -0.47 -0.45 -0.49 -0.51 -0.51 -0.49 - -0.81 0.51
Net Debt to EBITDA		 0.53 0.39 0.22 0.35 0.25 0.00 -0.24 -0.35 - 0.04 -0.42
Long-Term Debt to EBITDA		 -0.59 -0.53 -0.47 -0.45 -0.49 -0.51 -0.51 0.00 - -0.54 0.51
Debt to NOPAT		 -0.75 -0.68 -0.61 -0.59 -0.64 -0.66 -0.67 -0.65 - -1.01 0.54
Net Debt to NOPAT		 0.67 0.50 0.29 0.46 0.32 0.00 -0.32 -0.46 - 0.05 -0.45
Long-Term Debt to NOPAT		 -0.75 -0.68 -0.61 -0.59 -0.64 -0.66 -0.67 0.00 - -0.68 0.54
Altman Z-Score		 -1.01 -1.12 -2.65 -2.34 -2.21 -3.21 -4.34 -5.85 - -4.15 5.14
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.10%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.38 3.14 2.36 2.34 2.03 1.53 0.88 0.22 - 0.55 3.76
Quick Ratio		 2.08 2.74 2.16 2.12 1.72 1.28 0.65 0.12 - 0.42 2.98
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -37 -14 18 27 21 5.71 -23 -5.10 61 67 147
Operating Cash Flow to CapEx		 -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% -11,607.53%
Free Cash Flow to Firm to Interest Expense		 -10.84 -4.39 5.50 8.03 6.24 1.88 -7.65 -1.67 - 23.35 41.87
Operating Cash Flow to Interest Expense		 -4.22 -11.30 -5.98 -7.45 -6.82 -12.10 -14.48 -3.99 - 6.25 -10.98
Operating Cash Flow Less CapEx to Interest Expense		 -5.10 -11.82 -6.39 -7.67 -7.18 -12.66 -14.89 -4.16 - 5.55 -11.08
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.04 0.03 0.05 0.11 0.13 0.16 0.11 - 0.34 1.34
Accounts Receivable Turnover		 0.92 0.50 0.50 1.12 6.14 5.92 19.21 9.01 - 39.91 24.62
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		 0.13 0.11 0.08 0.13 0.30 0.32 0.35 0.25 - 0.77 3.77
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.38
Days Sales Outstanding (DSO)		 395.68 725.34 726.49 324.79 59.47 61.61 19.00 40.52 - 9.15 14.83
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 - 0.00 949.03
Cash Conversion Cycle (CCC)		 395.68 725.34 726.49 324.79 59.47 61.61 19.00 40.52 - 9.15 -934.20
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 74 68 46 39 31 33 38 12 -4.03 -62 133
Invested Capital Turnover		 0.21 0.15 0.12 0.22 0.64 0.68 0.91 1.08 - -5.61 4.66
Increase / (Decrease) in Invested Capital		 6.77 -18 -50 -55 -43 -35 -8.15 -27 -35 -95 95
Enterprise Value (EV)		 382 336 237 214 439 535 559 715 - 702 1,168
Market Capitalization		 446 390 271 271 476 535 524 662 - 705 1,251
Book Value per Share		 $2.17 $1.90 $1.24 $1.48 $0.87 $0.42 $0.04 ($0.50) ($0.07) ($0.71) $2.33
Tangible Book Value per Share		 $2.16 $1.88 $1.23 $1.46 $0.86 $0.41 $0.03 ($0.51) ($0.08) ($0.72) $2.32
Total Capital		 210 194 153 169 141 107 77 33 69 17 316
Total Debt		 72 72 73 73 73 73 74 74 74 75 100
Total Long-Term Debt		 72 72 73 73 73 73 74 0.00 50 50 100
Net Debt		 -64 -54 -34 -57 -37 0.22 35 52 1.77 -3.63 -83
Capital Expenditures (CapEx)		 3.03 1.68 1.33 0.73 1.22 1.71 1.23 0.55 0.68 2.01 0.33
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -37 -17 -36 -43 -41 -39 -39 -60 -72 -127 17
Debt-free Net Working Capital (DFNWC)		 93 102 64 80 63 28 -6.35 -45 -6.15 -55 160
Net Working Capital (NWC)		 93 102 64 80 63 28 -6.35 -119 -31 -80 160
Net Nonoperating Expense (NNE)		 -51 -12 16 11 17 11 7.44 18 11 18 -79
Net Nonoperating Obligations (NNO)		 -64 -54 -34 -57 -37 0.22 35 52 1.77 -3.63 -83
Total Depreciation and Amortization (D&A)		 4.19 3.55 3.50 3.54 3.35 3.36 3.47 3.44 3.40 3.24 3.26
Debt-free, Cash-free Net Working Capital to Revenue		 -255.04% -146.89% -419.97% -299.73% -122.97% -113.03% -101.59% -217.14% - -158.73% 4.30%
Debt-free Net Working Capital to Revenue		 637.53% 856.61% 739.68% 551.90% 188.51% 79.74% -16.75% -163.01% - -69.03% 40.31%
Net Working Capital to Revenue		 637.53% 856.61% 739.68% 551.90% 188.51% 79.74% -16.75% -433.12% - -100.21% 40.31%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.40 ($0.32) ($0.76) ($0.55) ($0.49) ($0.51) ($0.48) ($0.62) $0.19 ($0.57) $1.76
Adjusted Weighted Average Basic Shares Outstanding		 56.49M 64.07M 64.38M 71.63M 69.82M 79.03M 80.59M 80.95M 80.43M 81.30M 91.42M
Adjusted Diluted Earnings per Share		 $0.40 ($0.32) ($0.76) ($0.55) ($0.49) ($0.51) ($0.48) ($0.62) $0.19 ($0.57) $1.71
Adjusted Weighted Average Diluted Shares Outstanding		 56.49M 64.07M 64.38M 71.63M 69.82M 79.03M 80.59M 80.95M 80.43M 81.30M 93.81M
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		 64.22M 64.31M 64.90M 78.15M 78.85M 80.37M 80.45M 80.49M 81.45M 92.61M 96.04M
Normalized Net Operating Profit after Tax (NOPAT)		 -31 -33 -32 -28 -22 -29 -31 -32 19 -29 242
Normalized NOPAT Margin		 -1,206.29% -4,697.33% -11,395.85% -256.91% -103.05% -1,511.80% -849.50% -7,862.37% - -9,751.50% 75.28%
Pre Tax Income Margin		 -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% 73.09%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -12.69 -5.63 -14.20 -11.07 -9.23 -12.46 -11.92 -15.53 - -14.33 67.75
NOPAT to Interest Expense		 -8.88 -10.07 -9.88 -8.35 -6.46 -9.57 -10.33 -10.52 - -10.03 68.96
EBIT Less CapEx to Interest Expense		 -13.56 -6.14 -14.60 -11.29 -9.59 -13.02 -12.33 -15.71 - -15.04 67.66
NOPAT Less CapEx to Interest Expense		 -9.76 -10.59 -10.28 -8.57 -6.82 -10.13 -10.74 -10.70 - -10.74 68.86
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		 -7.64% 0.00% 0.00% 0.00% -1.70% -1.13% -1.21% -0.02% - -15.15% 10.13%

Financials Breakdown Chart

Key Financial Trends

MeiraGTx’s Q2 2026 results show a sharp improvement in reported profitability and liquidity, but the underlying trends remain uneven. Revenue surged to $321.4 million from $293,000 in Q1 2026 and $3.7 million in Q2 2025. Gross profit reached $314.3 million, and operating income was $244.4 million. However, the quarter also included a $71.9 million net loss under “other gains/(losses)” and a substantial difference between continuing net income of $160.7 million and consolidated net income of $321.4 million. Investors should determine how much of the reported profit is recurring before assigning a valuation to the stock.

Cash and equivalents increased to $143.2 million from $71.5 million in Q1 2026. The improvement was driven primarily by $114.2 million of common-stock issuance, partially offset by a $6.0 million share repurchase and $23.98 million spent on acquisitions. Operating cash flow, however, turned negative at $38.5 million in Q2 after generating $17.8 million in Q1 and $46.6 million in Q4 2025.

The balance sheet improved materially during the quarter. Current liabilities fell to $58.1 million from $176.1 million in Q1, while total liabilities declined to $180.7 million from $302.8 million. Reported equity moved from negative $58.1 million to positive $215.8 million. These changes appear to reflect a combination of equity financing, accounting adjustments and the quarter’s unusually large reported gains, so investors should review the company’s filing for details.

  • Revenue momentum improved dramatically in Q2 2026. Quarterly revenue of $321.4 million was far above the sub-$4 million levels reported in Q1 2026 and most comparable quarters in 2023-2025.
  • Reported profitability reached a new high in the provided data. Q2 operating income was $244.4 million and net income attributable to common shareholders was $160.7 million, compared with losses in Q1 2026 and the first three quarters of 2025.
  • Liquidity strengthened substantially. Cash rose by $71.6 million sequentially to $143.2 million, while the current ratio improved to approximately 3.8 from about 0.5 in Q1 2026.
  • Balance-sheet leverage declined sequentially. Total liabilities decreased by approximately $122.1 million from Q1, and short-term debt fell to zero from $24.9 million.
  • Operating expenses were relatively controlled compared with the revenue increase. Q2 total operating expenses were $69.8 million, including $57.8 million of research and development spending, producing substantial operating leverage if the revenue level can be sustained.
  • Cash generation remains inconsistent. Operating cash flow was positive in Q4 2025 and Q1 2026 but returned to a $38.5 million outflow in Q2, partly reflecting a $178.1 million use of operating assets and liabilities.
  • The quarter’s earnings quality requires additional scrutiny. The large difference between continuing net income and consolidated net income, along with the $71.9 million other loss item, makes it difficult to use Q2 earnings as a standalone measure of recurring performance.
  • MeiraGTx continues to depend heavily on external financing. Q2 financing inflows totaled $133.9 million, including $114.2 million from issuing common equity, indicating that internally generated cash did not fund the quarter’s liquidity improvement.
  • Shareholder dilution accelerated. Weighted-average basic shares increased to 91.4 million in Q2 from 81.3 million in Q1 and approximately 80.4 million in Q4 2025, reducing the benefit of higher aggregate earnings on a per-share basis.
  • Research and development spending and interest costs remain significant. Q2 R&D expense climbed to $57.8 million, while interest expense was $3.5 million and cash interest paid was $5.2 million, contributing to continued cash burn risk if revenue does not remain elevated.

Overall, MeiraGTx’s financial position improved considerably in Q2 2026, with stronger cash reserves, lower current liabilities and positive reported equity. The key risks are the lack of consistent operating cash flow, dependence on equity issuance, rising share count and uncertainty over the recurring nature of the quarter’s exceptional revenue and earnings.

10/13/26 04:28 PM ETAI Generated. May Contain Errors.

MeiraGTx Financials - Frequently Asked Questions

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

MeiraGTx's net income appears to be on a downward trend, with a most recent value of -$114.20 million in 2025, falling from -$31.04 million in 2017. The previous period was -$147.79 million in 2024. View MeiraGTx's forecast to see where analysts expect MeiraGTx to go next.

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%.

In the past 13 quarters, MeiraGTx's cash and equivalents has ranged from $14.84 million in Q3 2025 to $143.17 million in Q2 2026, and is currently $143.17 million as of their latest financial filing in Q2 2026.

MeiraGTx had total debt of $74.45 million at the end of 2025, a 1.7% increase from 2024, and a 4,839.5% increase since 2017.

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%.


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Financial statements for NASDAQ:MGTX last updated on 8/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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