Meiragtx Holdings Plc Financials
This page shows Meiragtx Holdings Plc (MGTX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Meiragtx Holdings Plc has an operating margin of -493.4%, meaning the company retains $-493 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -977.8% the prior year.
Meiragtx Holdings Plc's revenue surged 137.4% year-over-year to $33.3M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Meiragtx Holdings Plc has elevated debt relative to equity (D/E of 2.98), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 1/100, reflecting increased financial risk.
Meiragtx Holdings Plc's current ratio of 2.03 indicates adequate short-term liquidity, earning a score of 61/100. The company can meet its near-term obligations, though with limited headroom.
While Meiragtx Holdings Plc generated -$104.5M in operating cash flow, capex of $5.0M consumed most of it, leaving -$109.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Meiragtx Holdings Plc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Meiragtx Holdings Plc generates $5.11 in operating cash flow (-$104.5M OCF vs -$20.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Meiragtx Holdings Plc earns $-12.4 in operating income for every $1 of interest expense (-$164.2M vs $13.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Meiragtx Holdings Plc generated $33.3M in revenue in fiscal year 2024. This represents an increase of 137.4% from the prior year.
Meiragtx Holdings Plc's EBITDA was -$160.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 30.5% from the prior year.
Meiragtx Holdings Plc generated -$109.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 12.8% from the prior year.
Meiragtx Holdings Plc reported -$20.4M in net income in fiscal year 2024. This represents an increase of 75.7% from the prior year.
Meiragtx Holdings Plc earned $-2.12 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 42.3% from the prior year.
Meiragtx Holdings Plc held $103.7M in cash against $0 in long-term debt as of fiscal year 2024.
Meiragtx Holdings Plc had 78M shares outstanding in fiscal year 2024. This represents an increase of 23.3% from the prior year.
Meiragtx Holdings Plc's operating margin was -493.4% in fiscal year 2024, reflecting core business profitability. This is up 484.4 percentage points from the prior year.
Meiragtx Holdings Plc's net profit margin was -61.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 538.0 percentage points from the prior year.
Meiragtx Holdings Plc invested $119.5M in research and development in fiscal year 2024. This represents an increase of 15.1% from the prior year.
Meiragtx Holdings Plc invested $5.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 75.4% from the prior year.
MGTX Income Statement
| Metric | Q3'25 | Q2'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $410K-88.9% | $3.7M-82.7% | $21.4M+7485.1% | $282K-59.5% | $697K-65.8% | $2.0M-60.0% | $5.1M+44.2% | $3.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $32.5M-2.9% | $33.5M+39.6% | $24.0M-31.3% | $34.9M+1.8% | $34.3M+1.9% | $33.7M+20.9% | $27.9M+39.7% | $19.9M |
| SG&A Expenses | $13.6M+10.6% | $12.3M-27.9% | $17.1M+51.8% | $11.3M-14.4% | $13.1M+8.4% | $12.1M+21.1% | $10.0M-19.2% | $12.4M |
| Operating Income | -$46.1M-2.8% | -$44.8M-42.2% | -$31.5M+31.4% | -$45.9M+1.8% | -$46.8M-6.9% | -$43.8M-33.6% | -$32.8M-13.8% | -$28.8M |
| Interest Expense | $3.1M+1.0% | $3.0M-11.1% | $3.4M+4.8% | $3.3M+0.1% | $3.3M-5.8% | $3.4M+2.0% | $3.4M+0.8% | $3.4M |
| Income Tax | $0 | N/A | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$50.5M-30.2% | -$38.8M-144.1% | $88.0M+280.9% | -$48.6M-137.8% | -$20.4M-201.1% | $20.2M+145.6% | -$44.3M-49.7% | -$29.6M |
| EPS (Diluted) | $-0.62-29.2% | $-0.48+2.0% | $-0.49+35.5% | $-0.76-137.5% | $-0.32-180.0% | $0.40+154.1% | $-0.74-39.6% | $-0.53 |
MGTX Balance Sheet
| Metric | Q3'25 | Q2'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $189.5M-4.7% | $198.7M-26.3% | $269.8M+1.2% | $266.7M-13.8% | $309.2M-5.4% | $326.7M+22.3% | $267.2M-13.9% | $310.3M |
| Current Assets | $34.2M-27.4% | $47.1M-61.9% | $123.5M+11.5% | $110.8M-25.8% | $149.3M-6.5% | $159.6M+54.2% | $103.5M-27.7% | $143.1M |
| Cash & Equivalents | $14.8M-53.9% | $32.2M-69.0% | $103.7M+3.7% | $100.0M-16.1% | $119.2M-8.0% | $129.6M+104.5% | $63.4M-31.7% | $92.8M |
| Inventory | $607K+93.3% | $314K-18.4% | $385K | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $2.8M+21.1% | $2.3M+228.0% | $707K-56.6% | $1.6M-85.1% | $10.9M+7.7% | $10.1M-54.7% | $22.4M-31.5% | $32.7M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $230.0M+17.5% | $195.8M-3.1% | $201.9M+8.2% | $186.6M-0.5% | $187.5M-0.6% | $188.6M+7.6% | $175.3M-6.1% | $186.7M |
| Current Liabilities | $152.9M+186.2% | $53.4M-12.1% | $60.8M+29.3% | $47.0M-1.1% | $47.5M-29.1% | $67.1M+5.6% | $63.5M-11.5% | $71.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$40.6M-1470.2% | $3.0M-95.6% | $67.8M-15.3% | $80.0M-34.3% | $121.7M-11.9% | $138.2M+50.4% | $91.9M-25.6% | $123.5M |
| Retained Earnings | -$831.3M-6.5% | -$780.8M-11.2% | -$702.0M-12.6% | -$623.3M-8.5% | -$574.7M-3.7% | -$554.2M+3.5% | -$574.4M-8.4% | -$530.1M |
MGTX Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$12.2M+72.2% | -$43.9M-88.8% | -$23.3M-19.6% | -$19.5M+47.0% | -$36.7M-152.6% | -$14.5M+40.4% | -$24.4M+15.8% | -$29.0M |
| Capital Expenditures | $610K-50.6% | $1.2M+1.3% | $1.2M-8.4% | $1.3M-20.8% | $1.7M-44.6% | $3.0M-15.0% | $3.6M-28.4% | $5.0M |
| Free Cash Flow | -$12.8M+71.6% | -$45.2M-84.5% | -$24.5M-17.8% | -$20.8M+45.9% | -$38.4M-118.6% | -$17.6M+37.2% | -$28.0M+17.7% | -$34.0M |
| Investing Cash Flow | -$547K+28.1% | -$761K+37.5% | -$1.2M+8.4% | -$1.3M-104.9% | $27.3M-46.6% | $51.2M+1536.0% | -$3.6M+28.4% | -$5.0M |
| Financing Cash Flow | -$219K-104.0% | $5.5M+28.4% | $4.2M+164.8% | $1.6M+226.2% | -$1.3M-104.6% | $27.7M+6959.2% | -$404K-100.7% | $57.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MGTX Financial Ratios
| Metric | Q3'25 | Q2'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -11232.0%-10018.4pp | -1213.6%-1066.3pp | -147.2%+16132.6pp | -16279.8%-9569.3pp | -6710.5%-4565.7pp | -2144.8%-1502.8pp | -642.0%+171.1pp | -813.1% |
| Net Margin | -12320.2%-11269.2pp | -1051.1%-1462.2pp | 411.2%+17652.3pp | -17241.1%-14308.3pp | -2932.9%-3923.8pp | 990.9%+1859.0pp | -868.1%-32.4pp | -835.6% |
| Return on Equity | N/A | N/A | 129.7% | N/A | N/A | 14.6% | N/A | N/A |
| Return on Assets | -26.7%-7.1pp | -19.5%-52.1pp | 32.6%+50.8pp | -18.2%-11.6pp | -6.6%-12.8pp | 6.2%+22.8pp | -16.6%-7.1pp | -9.5% |
| Current Ratio | 0.22-0.7 | 0.88-1.2 | 2.03-0.3 | 2.36-0.8 | 3.14+0.8 | 2.38+0.7 | 1.63-0.4 | 1.99 |
| Debt-to-Equity | -5.67-71.8 | 66.13+63.2 | 2.98+0.6 | 2.33+0.8 | 1.54+0.2 | 1.36-0.5 | 1.91+0.4 | 1.51 |
| FCF Margin | -3128.1%-1904.0pp | -1224.1%-1109.6pp | -114.5%+7256.1pp | -7370.6%-1858.5pp | -5512.1%-4650.4pp | -861.6%-313.3pp | -548.3%+411.8pp | -960.1% |
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Frequently Asked Questions
What is Meiragtx Holdings Plc's annual revenue?
Meiragtx Holdings Plc (MGTX) reported $33.3M in total revenue for fiscal year 2024. This represents a 137.4% 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 Meiragtx Holdings Plc's revenue growing?
Meiragtx Holdings Plc (MGTX) revenue grew by 137.4% year-over-year, from $14.0M to $33.3M in fiscal year 2024.
Is Meiragtx Holdings Plc profitable?
No, Meiragtx Holdings Plc (MGTX) reported a net income of -$20.4M in fiscal year 2024, with a net profit margin of -61.4%.
What is Meiragtx Holdings Plc's earnings per share (EPS)?
Meiragtx Holdings Plc (MGTX) reported diluted earnings per share of $-2.12 for fiscal year 2024. This represents a -42.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Meiragtx Holdings Plc's EBITDA?
Meiragtx Holdings Plc (MGTX) had EBITDA of -$160.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Meiragtx Holdings Plc's operating margin?
Meiragtx Holdings Plc (MGTX) had an operating margin of -493.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Meiragtx Holdings Plc's net profit margin?
Meiragtx Holdings Plc (MGTX) had a net profit margin of -61.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Meiragtx Holdings Plc's free cash flow?
Meiragtx Holdings Plc (MGTX) generated -$109.5M in free cash flow during fiscal year 2024. This represents a 12.8% 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 Meiragtx Holdings Plc's operating cash flow?
Meiragtx Holdings Plc (MGTX) generated -$104.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Meiragtx Holdings Plc's total assets?
Meiragtx Holdings Plc (MGTX) had $269.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Meiragtx Holdings Plc's capital expenditures?
Meiragtx Holdings Plc (MGTX) invested $5.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Meiragtx Holdings Plc spend on research and development?
Meiragtx Holdings Plc (MGTX) invested $119.5M in research and development during fiscal year 2024.
How many shares does Meiragtx Holdings Plc have outstanding?
Meiragtx Holdings Plc (MGTX) had 78M shares outstanding as of fiscal year 2024.
What is Meiragtx Holdings Plc's current ratio?
Meiragtx Holdings Plc (MGTX) had a current ratio of 2.03 as of fiscal year 2024, which is generally considered healthy.
What is Meiragtx Holdings Plc's debt-to-equity ratio?
Meiragtx Holdings Plc (MGTX) had a debt-to-equity ratio of 2.98 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Meiragtx Holdings Plc's return on assets (ROA)?
Meiragtx Holdings Plc (MGTX) had a return on assets of -7.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Meiragtx Holdings Plc's cash runway?
Based on fiscal year 2024 data, Meiragtx Holdings Plc (MGTX) had $103.7M in cash against an annual operating cash burn of $104.5M. This gives an estimated cash runway of approximately 12 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Meiragtx Holdings Plc's Piotroski F-Score?
Meiragtx Holdings Plc (MGTX) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Meiragtx Holdings Plc's earnings high quality?
Meiragtx Holdings Plc (MGTX) has an earnings quality ratio of 5.11x, considered low quality (accrual-driven). 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.
Can Meiragtx Holdings Plc cover its interest payments?
Meiragtx Holdings Plc (MGTX) has an interest coverage ratio of -12.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Meiragtx Holdings Plc?
Meiragtx Holdings Plc (MGTX) scores 32 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.