Newest figures come from the 10-K for Q3 FY2026, filed May 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MEIP SEC filings page.
Mei Pharma Inc (MEIP) reported $0 in revenue for fiscal year 2025, down 100.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2024 profitability came from sharp expense compression, while the operating model still consumed cash
In FY2024, net income of$17.8M coexisted with operating cash flow of-$50.5M ; reported profitability did not translate into cash from operations. The$49.1M investing inflow nearly matched that operating cash outflow, indicating that cash movement relied on sources outside the core operating result.
Operating results improved from a
Debt-to-equity fell to 0.3x and the current ratio was 4.9x in FY2024, describing a lightly leveraged balance sheet with substantial current-asset coverage. Total assets fell from
Financial Health Signals
Mei Pharma Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Mei Pharma Inc scores 11.69, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($100.8M) relative to total liabilities ($1.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Mei Pharma Inc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). No profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Mei Pharma Inc reported a net loss of $15.9M while operations used $20.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Mei Pharma Inc generated $54K in revenue in Q3 2026. This represents a decrease of 73.3% from the same quarter a year earlier. Against the prior quarter it is down 10.0%.
Mei Pharma Inc reported -$23.7M in net income in Q3 2026. This represents a decrease of 820.9% from the same quarter a year earlier. Against the prior quarter it is up 23.1%.
Mei Pharma Inc earned -$0.66 per diluted share (EPS) in Q3 2026. Against the prior quarter it is up 19.5%.
Not reported for Q3 2026.
Cash & Balance Sheet
Mei Pharma Inc held $7.5M in cash as of Q3 2026; long-term debt is not reported for that period.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Mei Pharma Inc's ROE was -41.7% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 28.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.1 percentage points.
Not reported for Q3 2026.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Mei Pharma Inc invested $30K in research and development in Q3 2026. This represents a decrease of 91.9% from the same quarter a year earlier. Against the prior quarter it is down 34.8%.
Mei Pharma Inc spent $1.8M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding.
Not reported for Q3 2026.
MEIP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-K | Q2'2610-Q | Q1'2610-K | Q4'2510-K | Q3'25 | Q2'25 | Q1'25 | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $54K-73.3% | $60K-78.5% | N/A | N/A | $202K | $279K | $0-100.0% | N/A |
| R&D Expenses | $30K-91.9% | $46K-85.1% | $10K-99.7% | N/A | $369K-92.9% | $308K-92.1% | $3.2M-9.2% | N/A |
| SG&A Expenses | $2.7M+13.7% | $3.3M+5.2% | $3.1M-40.3% | N/A | $2.4M-47.8% | $3.1M-60.8% | $5.2M-20.5% | N/A |
| Operating Income | -$21.6M-679.0% | -$29.9M-765.5% | -$3.7M+55.2% | N/A | -$2.8M+71.8% | -$3.5M+71.1% | -$8.4M-115.1% | N/A |
| EBITDA | N/A | N/A | -$3.7M+53.2% | N/A | N/A | N/A | -$8.0M-114.4% | N/A |
| Net Income | -$23.7M-820.9% | -$30.8M-1050.5% | -$3.6M+54.6% | N/A | -$2.6M+71.8% | -$2.7M+75.8% | -$8.0M-114.2% | N/A |
| EPS (Basic) | -$0.66-69.2% | -$0.82-105.0% | -$0.12+90.0% | N/A | -$0.39+71.5% | -$0.40+75.9% | -$1.20-114.2% | N/A |
| EPS (Diluted) | -$0.66 | -$0.82 | -$0.12 | N/A | -$0.39+71.5% | -$0.40+75.9% | -$1.20-114.2% | N/A |
| Diluted Shares (Avg) | 36M | 37M | 29M | N/A | 7M0.0% | 7M0.0% | 7M0.0% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Interest Expense, Income Tax.
MEIP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-K | Q2'2610-Q | Q1'2610-K | Q4'2510-K | Q3'25 | Q2'25 | Q1'25 | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $57.8M+178.1% | $82.9M+240.1% | $113.3M+308.4% | $18.3M-55.8% | $20.8M-70.8% | $24.4M-69.0% | $27.8M-72.6% | $41.4M-65.8% |
| Current Assets | $11.0M-47.2% | $10.9M-55.3% | $13.2M-52.3% | $18.3M-55.1% | $20.8M-65.0% | $24.4M-63.1% | $27.7M-68.6% | $40.8M-62.1% |
| Cash & Equivalents | $7.5M-63.1% | $8.8M-63.1% | $10.1M+45.5% | $18.0M+386.1% | $20.5M+764.5% | $23.7M+358.8% | $7.0M+106.2% | $3.7M-78.1% |
| Accounts Receivable | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $952K-23.1% | $1.1M-52.5% | $1.1M-62.8% | $1.4M-83.8% | $1.2M-93.9% | $2.3M-88.0% | $2.9M-85.6% | $8.4M-91.3% |
| Current Liabilities | $952K-23.1% | $1.1M-52.5% | $1.1M-62.8% | $1.4M-83.8% | $1.2M-87.1% | $2.3M-71.5% | $2.9M-66.5% | $8.4M-58.9% |
| Non-Current Liabilities | $0 | $0 | $0 | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% |
| Total Equity | $56.8M+190.9% | $81.8M+270.4% | $112.3M+351.3% | $16.9M-48.7% | $19.5M-61.7% | $22.1M-62.9% | $24.9M-69.4% | $33.0M+34.1% |
| Retained Earnings | -$462.3M-15.1% | -$438.6M-10.0% | -$407.8M-2.9% | -$404.2M-4.1% | -$401.5M-8.6% | -$398.9M-10.6% | -$396.2M-13.3% | -$388.2M+4.4% |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Long-Term Debt.
MEIP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-K | Q2'2610-Q | Q1'2610-K | Q4'2510-K | Q3'25 | Q2'25 | Q1'25 | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.5M+53.5% | -$1.9M+47.4% | -$4.5M+60.6% | -$2.5M+86.3% | -$3.3M-11.6% | -$3.7M+66.8% | -$11.4M+38.1% | -$18.0M-59.3% |
| Depreciation & Amortization | N/A | N/A | $0-100.0% | N/A | N/A | N/A | $368K+323.0% | N/A |
| Stock-Based Compensation | N/A | N/A | $284K+310.4% | N/A | $16K-97.6% | -$103K-112.1% | -$135K-137.2% | N/A |
| Capital Expenditures | N/A | N/A | N/A | $0 | $0 | N/A | N/A | $0 |
| Free Cash Flow | N/A | N/A | N/A | -$2.5M+86.3% | -$3.3M-11.6% | N/A | N/A | -$18.0M |
| Investing Cash Flow | $2.1M | $569K-97.2% | -$100.0M-780.4% | $0-100.0% | $0-100.0% | $20.5M-16.6% | $14.7M+196.5% | $19.5M+0.8% |
| Financing Cash Flow | -$1.8M | $5K | $96.6M | $0+100.0% | $0 | $0+100.0% | $0 | -$208K |
| Dividends Paid | N/A | N/A | N/A | $0 | $0 | N/A | N/A | $0 |
| Share Buybacks | $1.8M | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
MEIP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-K | Q2'2610-Q | Q1'2610-K | Q4'2510-K | Q3'25 | Q2'25 | Q1'25 | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -40018.5% | -49778.3% | N/A | N/A | -1373.3% | -1236.9% | N/A | N/A |
| Net Margin | -43877.8% | -51331.7% | N/A | N/A | -1273.8% | -959.5% | N/A | N/A |
| Return on Equity | -41.7%-28.5pp | -37.6%-25.5pp | -3.2%+29.0pp | N/A | -13.2%+4.7pp | -12.1%+6.5pp | -32.2%-101.5pp | N/A |
| Return on Assets | -41.0%-28.6pp | -37.1%-26.2pp | -3.2%+25.6pp | N/A | -12.4%+0.4pp | -11.0%+3.1pp | -28.8%-84.5pp | N/A |
| Current Ratio | 11.53-5.3x | 10.04-0.6x | 12.39+2.7x | 13.50+8.6x | 16.78+10.6x | 10.66+2.4x | 9.66-0.7x | 4.88-0.4x |
| Debt-to-Equity | 0.020.0x | 0.01-0.1x | 0.01-0.1x | 0.08-0.2x | 0.06-0.3x | 0.10-0.2x | 0.12-0.1x | 0.25-3.7x |
| Asset Turnover | 0.000.0x | 0.000.0x | N/A | N/A | 0.010.0x | 0.010.0x | 0.00-0.6x | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | -1617.3% | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Mei Pharma Inc MEIP | FY2025 | $0 | -$15.9M | N/A | $100.8M | — |
| Tscan Therapeutics, Inc. TCRX | FY2025 | $10.3M | -$129.8M | N/A | $23.4M | 38/100 |
| HilleVax, Inc. HLVX | FY2024 | N/A | -$147.3M | N/A | $104.8M | — |
| Macrogenics Inc MGNX | FY2025 | $149.5M | -$75K | -0.1% | $275.2M | 56/100 |
| Pliant Therapeutics, Inc. PLRX | FY2025 | $0 | $149.3M | N/A | $70.3M | — |
| Oramed Pharmaceuticals Inc ORMP | FY2025 | $2.0M | $75K | 3.8% | $207.2M | 51/100 |
Where Mei Pharma Inc Ranks
Frequently Asked Questions
What is Mei Pharma Inc's annual revenue?
Mei Pharma Inc (MEIP) reported $0 in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mei Pharma Inc's revenue growing?
Mei Pharma Inc (MEIP) revenue declined by 100.0% year-over-year, from $65.3M to $0 in fiscal year 2025.
Is Mei Pharma Inc profitable?
No, Mei Pharma Inc (MEIP) reported a net income of -$15.9M in fiscal year 2025.
What is Mei Pharma Inc's EBITDA?
Mei Pharma Inc (MEIP) had EBITDA of -$17.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Mei Pharma Inc's return on equity (ROE)?
Mei Pharma Inc (MEIP) has a return on equity of -94.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Mei Pharma Inc's free cash flow?
Mei Pharma Inc (MEIP) recorded an outflow of $20.8M in free cash flow during fiscal year 2025. This represents a 58.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Mei Pharma Inc's operating cash flow?
Mei Pharma Inc (MEIP) recorded an outflow of $20.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Mei Pharma Inc's total assets?
Mei Pharma Inc (MEIP) had $18.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Mei Pharma Inc's capital expenditures?
Mei Pharma Inc (MEIP) reported no capital expenditure during fiscal year 2025.
How much does Mei Pharma Inc spend on research and development?
Mei Pharma Inc (MEIP) invested $3.9M in research and development during fiscal year 2025.
What is Mei Pharma Inc's current ratio?
Mei Pharma Inc (MEIP) had a current ratio of 13.50 as of fiscal year 2025, which is generally considered healthy.
What is Mei Pharma Inc's debt-to-equity ratio?
Mei Pharma Inc (MEIP) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mei Pharma Inc's return on assets (ROA)?
Mei Pharma Inc (MEIP) had a return on assets of -87.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Mei Pharma Inc's Altman Z-Score?
Mei Pharma Inc (MEIP) has an Altman Z-Score of 11.69, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Mei Pharma Inc's Piotroski F-Score?
Mei Pharma Inc (MEIP) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mei Pharma Inc's earnings high quality?
Mei Pharma Inc (MEIP) reported a net loss of $15.9M while operations used $20.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.