MADRIGAL PHARMACEUTICALS, INC. (MDGL)
Madrigal Pharmaceuticals, Inc. is a biopharmaceutical company in the clinical development phase, concentrating its efforts on discovering and commercializing innovative treatments for cardiovascular, metabolic, and liver disorders. Its most advanced drug candidate, resmetirom, functions as a liver-targeted selective thyroid hormone receptor-ß agonist, currently undergoing late-stage (Phase III) clinical trials for managing non-alcoholic steatohepatitis (NASH). The company's pipeline also features MGL-3745, which serves as a secondary or backup compound to resmetirom. Madrigal holds a collaborative agreement with Hoffmann-La Roche, encompassing research, development, and commercialization activities. The company's operations are based out of West Conshohocken, Pennsylvania.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Madrigal Pharmaceuticals, Inc.
NASDAQ:MDGLHealthcare · Biotechnology
-0.31%$430.36
AH$433.06+0.63%vs close
Mkt Cap$9.94B
Float14.91M
O/S23.1M
Vol
$ Vol
RVOL
Inst Own101.9%
SI14.7%
Earnings
Dilution
Financials Summary
Revenue$958.4M
Net Income-$288.28M
Total Assets$1.26B
Free Cash Flow-$190.02M
Debt & Equity
Debt 37%
Equity 63%
Total Debt$354.36M
Total Equity$602.69M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:35Reverse splitJul 25, 201635 shares → 1
Balance Sheet Details
Assets$1.26B
Liabilities$656.9M
Accounts Receivable$134.48M
Accounts Payable$48.88M
Inventory$74.84M
PP&E (Net)$6.44M
Goodwill$0
Intangible Assets$7.38M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 |
| Revenue | $958.4M | $180.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.58M | $14.8M | $144.25M | $2.62M | $743K | $0 | $0 | $173K | $1.3M | $0 | $0 |
| YoY Growth | 432.1% | - | - | - | - | - | - | - | - | - | - | - | - | - | -48.8% | -89.7% | 5416.1% | 252.0% | - | - | - | -86.7% | - | - | - |
| Cost of Revenue | $56.15M | $6.23M | $0 | $0 | $0 | $471K | $112K | $96K | $77K | $156 | $0 | $673K | $516K | $738K | $1.46M | $0 | $3.7M | $0 | $0 | $3.65M | $0 | $3.13M | $0 | $0 | $0 |
| Gross Profit | $902.25M | $173.9M | $0 | $0 | $0 | -$471K | -$112K | -$96K | -$77K | -$156 | $0 | -$673K | -$516K | -$738K | $6.12M | $0 | $140.55M | $0 | $0 | -$3.65M | $0 | -$2.96M | $1.3M | $0 | $0 |
| Gross Margin | 94.1% | 96.5% | - | - | - | - | - | - | - | - | - | - | - | - | 80.7% | - | 97.4% | - | - | - | - | -1709.2% | 100.0% | - | - |
| Research and Development | $388.52M | $236.72M | $272.35M | $245.44M | $205.16M | $184.81M | $72.32M | $25.39M | $24.39M | $15.93M | $54.22M | $68.2M | $71.86M | $49.41M | $41.46M | $40.25M | $51.05M | $81.58M | $52.02M | $50.5M | $59.9M | $38.14M | $24.34M | $7.29M | $277K |
| Selling, General, and Administrative | $813.83M | $435.06M | $108.15M | $48.13M | $37.32M | $21.86M | $22.65M | $14.97M | $7.67M | $9.29M | $13.39M | $15.75M | $15.7M | $11.68M | $11.55M | $11.45M | $12.65M | $14.74M | $14.93M | $8.65M | $11.28M | $7.38M | $5.26M | $0 | $124K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $1.2B | $671.77M | $380.5M | $293.57M | $242.48M | $205.85M | $94.86M | $40.36M | $31.81M | $24.98M | $3.17M | $83.28M | $87.04M | $60.35M | $51.55M | $49.77M | $61.24M | $96.11M | $63.61M | $55.5M | $68.72M | $43.97M | $29.6M | $7.29M | $401K |
| Operating Income (EBIT) | -$300.1M | -$497.88M | -$380.5M | -$293.57M | -$242.48M | -$206.32M | -$94.97M | -$40.46M | -$31.89M | -$24.98M | -$3.17M | -$83.95M | -$87.56M | -$61.09M | -$45.43M | -$36.9M | $80.54M | -$93.71M | -$66.22M | -$59.15M | -$71.18M | -$45.35M | -$28.29M | -$36.26M | -$401K |
| Operating Margin | -31.3% | -276.4% | - | - | - | - | - | - | - | - | - | - | - | - | -599.1% | -249.3% | 55.8% | -3583.5% | -8912.0% | - | - | -26211.6% | -2169.8% | - | - |
| Interest Expense | $22.31M | $14.67M | $12.71M | $3.96M | $0 | $0 | $0 | $0 | $0 | $1.16M | $1.06M | $2.21M | $2.63M | $1.85M | $1.95M | $569K | $312K | $489K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $37.36M | $46.65M | $19.58M | $2.19M | $363K | $4.33M | $11.02M | $7.67M | $558K | $48K | $0 | $0 | $0 | $0 | $0 | $0 | $96K | $1.58M | $2.72M | $1.88M | $2.32M | $995K | $0 | $0 | $0 |
| Other Income (Expense) | $11.81M | $31.98M | $6.87M | -$1.78M | $636K | $4.08M | $11.02M | $7.64M | $732K | -$1.41M | -$3.67M | -$2.21M | -$2.63M | -$1.7M | -$1.95M | -$569K | -$1.45M | $1.09M | $2.72M | $1.88M | $2.32M | -$588K | $416K | -$18.09M | $0 |
| Income Before Tax (EBT) | -$288.28M | -$465.89M | -$373.63M | -$295.35M | -$241.85M | -$202.24M | -$83.95M | -$32.81M | -$31.15M | -$26.39M | -$68.67M | -$86.16M | -$90.19M | -$62.79M | -$47.38M | -$37.47M | $79.09M | -$92.62M | -$63.49M | -$59.13M | -$68.86M | -$45.93M | -$27.88M | -$54.35M | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$18.2M | $381K |
| Net Income | -$288.28M | -$465.89M | -$373.63M | -$295.35M | -$241.85M | -$202.24M | -$83.95M | -$32.81M | -$31.15M | -$26.39M | -$6.84M | -$86.16M | -$90.19M | -$62.79M | -$47.38M | -$37.47M | $79.09M | -$92.62M | -$63.49M | -$57.27M | -$68.86M | -$45.93M | -$27.88M | -$36.15M | -$381K |
| Net Income Margin | -30.1% | -258.6% | - | - | - | - | - | - | - | - | - | - | - | - | -624.7% | -253.1% | 54.8% | -3541.8% | -8545.8% | - | - | -26551.4% | -2137.9% | - | - |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | -12.85 | -21.90 | -19.99 | -17.23 | -14.63 | -13.09 | -4.73 | -2.22 | -2.54 | -5.07 | -401.56 | -30.62 | -44.48 | -36.99 | -35.14 | -32.49 | 81.55 | -96.09 | -68.45 | -90.03 | -108.31 | -85.96 | -44.65 | -105.09 | -4.55 |
| Diluted EPS | -12.85 | -21.90 | -19.99 | -17.23 | -14.63 | -13.09 | -4.73 | -2.22 | -2.54 | -5.07 | -401.56 | -30.62 | -44.48 | -36.99 | -35.14 | -32.49 | 81.20 | -96.09 | -68.45 | -90.03 | -108.31 | -85.96 | -44.65 | -105.09 | -4.55 |
| Weighted Average OS | 22.43M | 21.27M | 18.69M | 17.14M | 16.54M | 15.45M | 15.39M | 14.80M | 12.24M | 5.21M | 171,012 | 2.81M | 2.03M | 1.70M | 1.35M | 1.15M | 968,207 | 963,859 | 927,586 | 636,140 | 635,802 | 534,389 | 624,366 | 344,042 | 83,735 |
| EBITDA | -$264.47M | -$450.13M | -$360.39M | -$290.92M | -$241.44M | -$201.77M | -$83.84M | -$32.72M | -$31.08M | -$25.18M | -$3.23M | -$83.28M | -$87.04M | -$60.2M | -$43.97M | -$34.97M | $81.86M | -$89.41M | -$60.14M | -$53.62M | -$66.41M | -$44.39M | -$27.29M | $10.8M | -$401K |
| EBITDA Margin | -27.6% | -249.9% | - | - | - | - | - | - | - | - | - | - | - | - | -579.7% | -236.2% | 56.8% | -3419.2% | -8094.8% | - | - | -25657.2% | -2092.6% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2001-12-31 |
| Assets | ||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||
| Cash and Cash Equivalents | $198.69M | $100.02M | $99.92M | $331.55M | $36.27M | $54M | $46.7M | $57.38M | $148.63M | $40.5M | $34.97M | $46.02M | $48.49M | $81.51M | $30.07M | $31.31M | $44.16M | $52.05M | $115.58M | $33.69M | $23.81M | $42.74M | $36.06M | $0 |
| Short-Term Investments | $784.87M | $826.23M | $534.22M | $27.23M | $234.08M | $230.15M | $392.35M | $426.34M | $42.9M | $0 | $31.61M | $51.67M | $42.99M | $19.09M | $9.65M | $19.66M | $0 | $21.52M | $0 | $13.14M | $38.25M | $82.23M | $40.16M | $0 |
| Cash and Short-Term Investments | $983.56M | $926.25M | $634.13M | $358.77M | $270.35M | $284.15M | $439.05M | $483.72M | $191.53M | $40.5M | $66.57M | $97.69M | $91.48M | $100.6M | $39.73M | $50.97M | $44.16M | $73.56M | $115.58M | $46.82M | $62.06M | $124.97M | $76.23M | $0 |
| Accounts Receivable | $134.48M | $53.82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $0 | $0 | $0 | $0 | $116K | $0 | $16M | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $74.84M | $34.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $52.89M | $18.79M | $3.15M | $2.6M | $0 | $0 | $1.15M | $1.48M | $485K | $0 | $0 | $1.66M | $0 | $0 | $0 | $0 | $419K | $151K | $83K | $540K | $457K | $457K | $345K | $0 |
| Total Current Assets | $1.25B | $1.03B | $637.28M | $361.37M | $271.68M | $285.16M | $440.2M | $485.2M | $192.01M | $41.21M | $364K | $99.35M | $92.24M | $101.39M | $40.29M | $51.52M | $44.57M | $91.22M | $117M | $47.63M | $62.95M | $126.02M | $77.06M | $0 |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $6.44M | $4.59M | $3.27M | $1.2M | $1.65M | $1.83M | $1.86M | $227K | $301K | $3K | $420K | $1.02M | $1.55M | $1.17M | $1.41M | $2.18M | $3.98M | $5.93M | $5.58M | $6.07M | $8.13M | $4.8M | $3.25M | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $7.38M | $4.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $305K | $1.41M | $458K | $631K | $366K | $358K | $103K | $76K | $1.09M | $133K | $1.2M | $82K | $0 |
| Total Long-Term Assets | $13.82M | $9.32M | $3.27M | $1.2M | $1.65M | $1.83M | $1.86M | $227K | $301K | $3K | $420K | $1.33M | $2.96M | $1.63M | $2.04M | $2.55M | $4.34M | $6.03M | $5.65M | $7.16M | $8.26M | $6M | $3.33M | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.77M |
| Total Assets | $1.26B | $1.04B | $640.55M | $362.57M | $273.33M | $287M | $442.06M | $485.43M | $192.31M | $41.21M | $68.19M | $100.67M | $95.2M | $103.02M | $42.32M | $54.07M | $48.91M | $97.25M | $122.65M | $54.79M | $71.21M | $132.02M | $80.39M | $2.77M |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts Payable | $48.88M | $43.6M | $28.04M | $23.83M | $21.38M | $1.02M | $1.18M | $2.49M | $1.93M | $762K | $102K | $3.14M | $6.59M | $5.66M | $3.47M | $1.93M | $3.96M | $3.33M | $2.49M | $2.63M | $3.36M | $2.88M | $209K | $0 |
| Short-Term Debt | $1.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $49.1M | $9.26M | $9.49M | $7.94M | $4.23M | $0 | $0 | $2.17M | $2.41M | $2.33M | $1.92M | $537K | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$43K | -$42K | -$42K | -$13K | -$12K | $4.57M | $4.65M | $12.59M | $5.35M | $457K | $457K | $457K | $345K | $0 |
| Other Current Liabilities | $260.39M | $34.96M | $17.03M | $14.86M | $6.77M | $4.69M | $2.78M | $1.8M | $0 | $0 | $43K | $14.64M | $12.95M | $6.6M | $4.52M | $3.33M | $3.81M | $12.3M | $1.34M | $4.93M | $7.85M | $8.35M | $0 | $0 |
| Total Current Liabilities | $310.29M | $169.28M | $118.55M | $115.89M | $76.84M | $46.56M | $25.13M | $8.44M | $10.05M | $4.8M | $49.28M | $30.89M | $32.21M | $23.49M | $15.15M | $16.74M | $16.47M | $33.32M | $20.77M | $11.55M | $14.47M | $12.88M | $3.5M | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | $346.61M | $117.57M | $115.48M | $49.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.61M | $13.82M | $4.46M | $12.39M | $11.67M | $0 | $6.29M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.16M | $6.73M | $114.42M | $74.17M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$26K | -$799K | -$114.42M | -$74.17M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$6.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $41.82M | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $346.61M | $118.59M | $116.67M | $49.29M | $387K | $468K | $361K | $0 | $0 | $0 | $0 | $4.65M | $13.9M | $4.46M | $12.4M | $13.85M | $7.53M | $122.72M | $76.98M | $44.99M | $4.26M | $1.19M | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29K |
| Total Liabilities | $656.9M | $287.86M | $235.21M | $165.18M | $77.22M | $47.02M | $25.49M | $8.44M | $10.05M | $4.8M | $17.79M | $35.54M | $46.11M | $27.95M | $27.55M | $30.59M | $24M | $156.04M | $97.75M | $56.54M | $18.73M | $14.06M | $3.5M | $29K |
| Stockholders' Equity | ||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $319K | $31K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $41.82M | $2.67M | $7.88M | $1.47M | $0 |
| Common Stock | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $1K | $1K | $14K | $11K | $9K | $7K | $5K | $4K | $3K | $3K | $3K | $2K | $2K | $3K | $3K | $1K |
| Retained Earnings | -$2.09B | -$1.8B | -$1.34B | -$962.66M | -$667.31M | -$425.46M | -$223.22M | -$139.27M | -$106.46M | -$75.31M | -$706.24M | -$637.57M | -$551.41M | -$461.22M | -$398.43M | -$351.05M | -$313.58M | -$392.67M | -$300.05M | -$236.56M | -$179.29M | -$110.42M | -$64.49M | $0 |
| Comprehensive Income & Other | $873K | $468K | $468K | -$32K | -$80K | $47K | $216K | -$319K | -$31K | $25K | $4K | $4K | $17K | $2K | $3K | -$3K | -$16.03M | $15K | -$11.52M | $2K | -$7.27M | -$10.55M | -$2.77M | $0 |
| Other Stockholders' Equity | $2.69B | $2.56B | $1.74B | $1.16B | $863.41M | $665.43M | $639.78M | $616.25M | $288.72M | $111.72M | $756.64M | $702.7M | $600.49M | $536.28M | $413.2M | $374.52M | $338.49M | $333.88M | $324.95M | $234.81M | $231.76M | $228.38M | $141.38M | $2.74M |
| Total Equity | $602.69M | $754.38M | $405.33M | $197.39M | $196.11M | $239.97M | $416.56M | $476.98M | $182.26M | $36.41M | $50.41M | $65.14M | $49.09M | $75.07M | $14.77M | $23.48M | $24.91M | -$58.79M | $24.9M | -$1.75M | $52.48M | $117.96M | $76.89M | $2.74M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.26B | $1.04B | $640.55M | $362.57M | $273.33M | $287M | $442.06M | $485.43M | $192.31M | $41.21M | $68.19M | $100.67M | $95.2M | $103.02M | $42.32M | $54.07M | $48.91M | $97.25M | $122.65M | $54.79M | $71.21M | $132.02M | $80.39M | $2.77M |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $354.36M | $119.57M | $117.19M | $49.89M | $797K | $786K | $676K | $0 | $0 | $0 | $4.65M | $13.91M | $23.4M | $12.4M | $16.65M | $11.89M | $2.06M | $10.48M | $5.22M | $5.5M | $6.17M | $1.73M | $0 | $0 |
| Net Debt | $155.67M | $19.55M | $17.28M | -$281.66M | -$35.47M | -$53.22M | -$46.02M | -$483.72M | -$191.53M | -$40.5M | -$30.32M | -$32.12M | -$25.09M | -$69.11M | -$13.43M | -$19.42M | -$42.09M | -$41.57M | -$110.36M | -$28.19M | -$17.64M | -$41.01M | -$36.06M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 |
| Operating Activities | |||||||||||||||||||||||
| Net Income | -$288.28M | -$465.89M | -$373.63M | -$295.35M | -$241.85M | -$202.24M | -$83.95M | -$32.81M | -$31.15M | -$26.39M | -$68.67M | -$86.16M | -$90.19M | -$62.79M | -$47.38M | -$37.47M | $79.09M | -$92.62M | -$63.49M | -$57.27M | -$68.86M | -$45.93M | -$27.88M |
| Depreciation & Amortization | $1.51M | $1.1M | $527K | $467K | $405K | $471K | $112K | $96K | $77K | $156 | $3K | $673K | $516K | $738K | $1.46M | $1.93M | $2.46M | $2.72M | $3.35M | $3.65M | $2.46M | $1.55M | $1.01M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | -$7.32M | -$21.83M | $0 | $0 | $0 | $0 | $0 | $0 | -$6.03M | $0 | $0 | $0 | $0 | -$7.57M | -$5.42M | -$4.79M | $0 | $0 | $0 |
| Stock-Based Compensation | $98.13M | $79.88M | $49.73M | $31.63M | $26.87M | $20.73M | $22.76M | $13.49M | $3.25M | $8.68M | $4.3M | $7.43M | $6.03M | $3.32M | $3.35M | $4.05M | $4.58M | $7.57M | $5.42M | $4.79M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||
| Accounts Receivable | -$80.65M | -$53.82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.33M | $39K | -$40 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$36.98M | -$34.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$44.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $5.28M | $15.56M | $4.21M | $2.45M | $20.36M | -$161K | -$1.31M | $558K | $917K | -$128K | -$1.84M | -$3.45M | $928K | $2.19M | $1.54M | -$2.03M | $626K | $840K | -$144K | -$729K | $0 | $0 | $0 |
| Other Working Capital | $103.86M | -$13K | -$7.49M | $35.15M | $10.29M | $23.64M | $20.76M | -$6.84M | $4.59M | $36.41M | -$5.89M | $2.58M | $5.31M | $2.4M | -$6.28M | -$4.68M | -$113.57M | $43.55M | $82.09M | -$3.43M | $266K | $7.38M | $866K |
| Total Working Capital Change | -$8.5M | -$72.34M | -$3.28M | $37.6M | $30.65M | $23.48M | $19.45M | -$6.28M | $5.51M | -$1.11M | -$7.74M | -$868K | $6.24M | $4.59M | -$4.74M | -$6.71M | -$112.94M | $44.39M | $81.95M | -$4.16M | $266K | $7.38M | $866K |
| Other Non-Cash Items | $7.59M | $1.69M | $2.41M | $797K | $7.32M | $21.83M | $0 | $13.12M | $2.49M | $1.21M | $659K | $3K | $6.03M | $0 | $0 | $0 | $0 | $7.57M | $5.42M | $4.79M | $4.26M | $3.21M | $2.39M |
| Net Cash from Operating | -$189.55M | -$455.57M | -$324.23M | -$224.86M | -$183.92M | -$157.56M | -$41.62M | -$25.51M | -$22.32M | -$17.61M | -$71.44M | -$78.92M | -$77.41M | -$54.13M | -$47.3M | -$38.2M | -$26.81M | -$37.94M | $27.22M | -$52.98M | -$61.88M | -$33.8M | -$23.61M |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditures | -$467K | -$1.46M | -$1.48M | -$217K | -$209K | -$334K | -$172K | -$22K | -$125K | -$3K | -$58K | -$144K | -$769K | -$505K | -$690K | -$136K | -$454K | -$2.18M | -$2.35M | -$1.58M | -$4.88M | -$1.59M | -$769K |
| Acquisitions | $0 | $0 | $0 | -$3K | $787K | $1.92M | $0 | -$3.67M | $0 | $5.85M | $0 | $9K | $0 | $10K | $0 | $20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$1.05B | -$1.13B | -$834.44M | -$143.48M | -$394.12M | -$329.34M | -$619.3M | -$614.36M | -$70.21M | -$10.7M | -$117.14M | -$93.84M | -$114.15M | -$50.03M | -$50.73M | -$36.92M | -$39.3M | -$21.5M | -$15.01M | -$118.2M | -$184.37M | -$124.71M | -$47.92M |
| Sales of Investments | $1.09B | $839.19M | $333.4M | $350.38M | $389.27M | $489.46M | $650.18M | $234.3M | $48.33M | $26.06M | $137.19M | $85.15M | $90.27M | $40.59M | $60.74M | $17.25M | $60.81M | $0 | $28.15M | $143.36M | $228.42M | $82.49M | $7.79M |
| Other Investing Activities | -$8.97M | $19.09M | $0 | $3K | -$787K | -$1.92M | $0 | $3.67M | -$22K | $780K | $0 | -$9K | $0 | -$10K | $0 | -$20K | $0 | $0 | $0 | $0 | $0 | $0 | $500K |
| Net Cash from Investing | $32.32M | -$274.39M | -$502.52M | $206.69M | -$5.05M | $159.78M | $30.71M | -$380.08M | -$22.01M | $21.99M | $20M | -$8.84M | -$24.65M | -$9.94M | $9.33M | -$19.8M | $21.05M | -$23.69M | $10.79M | $23.57M | $39.18M | -$43.81M | -$40.4M |
| Financing Activities | |||||||||||||||||||||||
| Debt Repaid | -$217.93M | - | -$65M | -$50M | - | - | - | - | - | -$8.5M | -$3.3M | $9.49M | -$10.87M | $4.25M | -$1.42M | -$13.17M | $2.18M | $1.91M | $2.62M | $2.09M | $1.1M | $153K | $70K |
| Common Stock Issuance | $38.05M | $397.49M | $260.19M | $255.38M | $170.21M | $4.42M | $0 | $311.82M | $173.81M | $5.95M | $6 | $94.79M | $58.17M | $119.79M | $35.31M | $31.99M | $50K | $1K | $44.8M | $39.96M | $134K | $83.3M | $71.19M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$32K | $0 | $0 | $0 | $0 | -$290K | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.86M | $0 | $0 | $0 |
| Other Financing Activities | $0 | $337.57M | $269.93M | $8.07M | $1.03M | $667K | $235K | $2.51M | $0 | -$82 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.99M | $3.27M | $4.75M | $1.13M | $0 |
| Net Cash from Financing | $255.98M | $735.06M | $595.12M | $313.45M | $171.24M | $5.09M | $235K | $314.33M | $173.81M | $14.45M | $40.39M | $85.3M | $69.04M | $115.52M | $36.74M | $45.16M | -$2.13M | -$1.91M | $43.88M | $39.29M | $3.78M | $84.28M | $71.12M |
| Forex Effect | $13K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $98.76M | $5.1M | -$231.63M | $295.28M | -$17.73M | $7.31M | -$10.68M | -$91.25M | $129.48M | $18.84M | -$11.06M | -$2.47M | -$33.02M | $51.44M | -$1.24M | -$12.85M | -$7.89M | -$63.53M | $81.89M | $9.88M | -$18.93M | $6.67M | $7.11M |
| Supplementary Data | |||||||||||||||||||||||
| Operating Cash Flow | -$189.55M | -$455.57M | -$324.23M | -$224.86M | -$183.92M | -$157.56M | -$41.62M | -$25.51M | -$22.32M | -$17.61M | -$71.44M | -$78.92M | -$77.41M | -$54.13M | -$47.3M | -$38.2M | -$26.81M | -$37.94M | $27.22M | -$52.98M | -$61.88M | -$33.8M | -$23.61M |
| Capital Expenditure | -$467K | -$1.46M | -$1.48M | -$217K | -$209K | -$334K | -$172K | -$22K | -$125K | -$3K | -$58K | -$144K | -$769K | -$505K | -$690K | -$136K | -$454K | -$2.18M | -$2.35M | -$1.58M | -$4.88M | -$1.59M | -$769K |
| Free Cash Flow | -$190.02M | -$457.03M | -$325.71M | -$225.07M | -$184.13M | -$157.9M | -$41.8M | -$25.53M | -$22.44M | -$17.61M | -$71.5M | -$79.07M | -$78.18M | -$54.64M | -$47.99M | -$38.34M | -$27.26M | -$40.12M | $24.87M | -$54.56M | -$66.77M | -$35.39M | -$24.38M |
| Cash at Beginning | $105.02M | $99.92M | $331.55M | $36.27M | $54M | $46.7M | $57.38M | $148.63M | $19.14M | $306K | $46.02M | $48.49M | $81.51M | $30.07M | $31.31M | $44.16M | $52.05M | $115.58M | $33.69M | $23.81M | $42.74M | $36.06M | $28.95M |
| Cash at End | $203.78M | $105.02M | $99.92M | $331.55M | $36.27M | $54M | $46.7M | $57.38M | $148.63M | $19.14M | $34.97M | $46.02M | $48.49M | $81.51M | $30.07M | $31.31M | $44.16M | $52.05M | $115.58M | $33.69M | $23.81M | $42.74M | $36.06M |