Molecular Partners (MOLN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MOLN SEC filings page.
Molecular Partners AG (MOLN) 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 7 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 (20-F and 6-K reports).
Financial Health Signals
Molecular Partners AG 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.
Molecular Partners AG scores -2.14, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $392.8M against total assets of $128.7M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Molecular Partners AG passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) does not pass.
Molecular Partners AG reported a net loss of $77.7M while operations used $64.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Molecular Partners AG reported an operating loss of $73.2M against $6.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Molecular Partners AG generated $0 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Molecular Partners AG's EBITDA was -$70.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Molecular Partners AG reported a net loss of $77.7M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Molecular Partners AG earned -$2.08 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Molecular Partners AG recorded an outflow of $65.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Molecular Partners AG held $104.1M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
Molecular Partners AG's ROE was -76.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 38.6 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Molecular Partners AG invested $50.6M in research and development in fiscal year 2025. This represents a decrease of 5.5% from the prior year.
Molecular Partners AG invested $900K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 15.7% from the prior year.
Not reported for fiscal year 2025.
MOLN 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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Revenue | $0-100.0% | $5.5M-34.5% | $8.4M-95.9% | $205.2M+1823.8% | $10.7M+0.9% | $10.6M-49.8% | $21.1M |
| R&D Expenses | $50.6M-5.5% | $53.6M-7.7% | $58.0M+5.7% | $54.9M-9.9% | $60.9M-4.0% | $63.4M+41.1% | $44.9M |
| Operating Income | -$73.2Mn/m | -$67.5Mn/m | -$72.7M-157.6% | $126.2Mn/m | -$69.3Mn/m | -$66.0Mn/m | -$37.9M |
| EBITDA | -$70.5Mn/m | -$64.9Mn/m | -$69.8M-154.2% | $128.8Mn/m | -$66.5Mn/m | -$62.7Mn/m | -$35.3M |
| Interest Expense | $6.4M+15076.1% | $42K-99.3% | $6.1M+815.6% | $670K+10.2% | $608K-88.8% | $5.4M+335.7% | $1.3M |
| Income Tax | $3K+14.3% | $2Kn/m | $0n/m | $0-100.0% | $2Kn/m | -$12K-170.8% | $18K |
| Net Income | -$77.7Mn/m | -$59.6Mn/m | -$73.7M-157.8% | $127.5Mn/m | -$69.7Mn/m | -$71.0Mn/m | -$37.5M |
| EPS (Basic) | -$2.08n/m | -$1.75n/m | -$2.25-157.2% | $3.93n/m | -$2.25n/m | -$2.84n/m | -$1.75 |
| EPS (Diluted) | -$2.08n/m | -$1.75n/m | -$2.25-158.7% | $3.83n/m | -$2.25n/m | -$2.84n/m | -$1.75 |
| Diluted Shares (Avg) | 37M+9.5% | 34M+3.9% | 33M-1.5% | 33M+7.3% | 31M+24.0% | 25M+16.8% | 21M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, SG&A Expenses.
MOLN 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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Total Assets | $128.7M-26.4% | $174.8M-25.9% | $236.0M-16.8% | $283.8M+50.3% | $188.8M-11.0% | $212.1M | N/A |
| Current Assets | $122.1M-28.3% | $170.1M-25.7% | $229.0M-16.9% | $275.7M+53.6% | $179.5M-10.7% | $201.1M | N/A |
| Cash & Equivalents | $104.1M+47.9% | $70.4M-12.0% | $80.1M-15.9% | $95.2M+21.2% | $78.5M-48.1% | $151.3M+93.3% | $78.2M |
| Accounts Receivable | $2.3M-9.6% | $2.6M+10.0% | $2.3M+110.7% | $1.1M-96.1% | $28.0M+774.0% | $3.2M | N/A |
| Total Liabilities | $27.4M+47.3% | $18.6M-28.6% | $26.1M-11.0% | $29.3M-59.0% | $71.5M-21.3% | $90.9M | N/A |
| Current Liabilities | $13.9M+16.8% | $11.9M-30.7% | $17.2M-8.1% | $18.7M-63.6% | $51.2M-21.4% | $65.2M | N/A |
| Non-Current Liabilities | $13.5M+101.1% | $6.7M-24.6% | $8.9M-16.1% | $10.6M-47.4% | $20.2M-21.0% | $25.6M | N/A |
| Total Equity | $101.2M-35.2% | $156.2M-25.6% | $209.9M-17.5% | $254.5M+116.9% | $117.3M-3.3% | $121.3M+116.8% | $55.9M |
| Retained Earnings | -$392.8Mn/m | -$271.6Mn/m | -$228.1Mn/m | -$138.3Mn/m | -$274.4Mn/m | -$220.8M | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Long-Term Debt.
MOLN 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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$64.6Mn/m | -$65.3Mn/m | -$70.2M-154.7% | $128.3Mn/m | -$99.4Mn/m | -$32.8Mn/m | -$1.2M |
| Depreciation & Amortization | $2.7M+3.4% | $2.6M-9.3% | $2.9M+11.4% | $2.6M-7.9% | $2.8M-14.1% | $3.3M+28.0% | $2.6M |
| Capital Expenditures | $900K+15.7% | $777K+13.6% | $684K-46.3% | $1.3M+24.9% | $1.0M-37.8% | $1.6M+54.0% | $1.1M |
| Free Cash Flow | -$65.5Mn/m | -$66.1Mn/m | -$70.9M-155.8% | $127.0Mn/m | -$100.5Mn/m | -$34.4Mn/m | -$2.3M |
| Investing Cash Flow | $91.4M+104.8% | $44.6M-15.9% | $53.1Mn/m | -$109.4Mn/m | -$24.3Mn/m | -$24.6Mn/m | -$20.5M |
| Financing Cash Flow | -$1.4M-109.1% | $15.9Mn/m | -$1.4Mn/m | -$1.7M-103.1% | $55.3M-56.8% | $128.0Mn/m | -$235K |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
MOLN 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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | -1231.7% | -868.3% | 61.5% | -650.2% | -624.2% | -179.9% |
| Net Margin | N/A | -1087.4% | -880.7% | 62.2% | -653.9% | -671.7% | -178.0% |
| Return on Equity | -76.7%-38.6pp | -38.2%-3.0pp | -35.1%-85.2pp | 50.1%+109.6pp | -59.5%-0.9pp | -58.5%+8.5pp | -67.0% |
| Return on Assets | -60.4%-26.3pp | -34.1%-2.8pp | -31.3%-76.2pp | 44.9%+81.9pp | -36.9%-3.5pp | -33.5% | N/A |
| Current Ratio | 8.79-5.5x | 14.31+1.0x | 13.35-1.4x | 14.77+11.3x | 3.50+0.4x | 3.08 | N/A |
| Liabilities-to-Equity | 0.27+0.2x | 0.120.0x | 0.120.0x | 0.12-0.5x | 0.61-0.1x | 0.75 | N/A |
| Asset Turnover | 0.000.0x | 0.030.0x | 0.04-0.7x | 0.72+0.7x | 0.060.0x | 0.05 | N/A |
| FCF Margin | N/A | -1206.3% | -846.5% | 61.9% | -942.0% | -325.7% | -10.9% |
Not reported in any period shown, so not listed: Gross Margin, Debt-to-Equity.
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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Molecular Partners AG MOLN | FY2025 | $0 | -$77.7M | N/A | $137.2M | — |
| Cue Biopharma, Inc. CUE | FY2025 | $27.5M | -$26.6M | -96.9% | $151.6M | 64/100 |
| Sutro Biopharma, Inc. STRO | FY2025 | $102.5M | -$191.1M | N/A | $150.9M | 41/100 |
| Compass Therapeutics, Inc. CMPX | FY2025 | $0 | -$66.5M | N/A | $141.6M | — |
| Jyong Biotech Ltd. MENS | FY2025 | N/A | -$4.7M | N/A | $139.6M | — |
Where Molecular Partners AG Ranks
Frequently Asked Questions
Molecular Partners AG (MOLN) 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.
Molecular Partners AG (MOLN) revenue declined by 100.0% year-over-year, from $5.5M to $0 in fiscal year 2025.
No, Molecular Partners AG (MOLN) reported a net loss of $77.7M in fiscal year 2025.
Molecular Partners AG (MOLN) had EBITDA of -$70.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Molecular Partners AG (MOLN) has a return on equity of -76.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Molecular Partners AG (MOLN) recorded an outflow of $65.5M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Molecular Partners AG (MOLN) recorded an outflow of $64.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Molecular Partners AG (MOLN) had $128.7M in total assets as of fiscal year 2025, including both current and long-term assets.
Molecular Partners AG (MOLN) invested $900K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Molecular Partners AG (MOLN) invested $50.6M in research and development during fiscal year 2025.
Molecular Partners AG (MOLN) had a current ratio of 8.79 as of fiscal year 2025, which is generally considered healthy.
Molecular Partners AG (MOLN) had a liabilities-to-equity ratio of 0.27 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Molecular Partners AG (MOLN) had a return on assets of -60.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Molecular Partners AG (MOLN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $137.2M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Molecular Partners AG (MOLN) has no price-to-sales ratio at the moment: revenue is not positive (FY2025). The market capitalization is $137.2M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Molecular Partners AG (MOLN) has an Altman Z-Score of -2.14, placing it in the Distress Zone (elevated 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.
Molecular Partners AG (MOLN) has a Piotroski F-Score of 1 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.
Molecular Partners AG (MOLN) reported a net loss of $77.7M while operations used $64.6M 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.
Molecular Partners AG (MOLN) reported an operating loss of $73.2M against $6.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.