MeiraGTx (MGTX) Financials

$5.07 -0.30 (-5.59%)

Closing price 04/10/2025 04:00 PM Eastern

Extended Trading

$5.35 +0.28 (+5.44%)

As of 07:00 AM Eastern

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	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-130	-84	-148
Consolidated Net Income / (Loss)	-130	-84	-148
Net Income / (Loss) Continuing Operations	-130	-85	-148
Total Pre-Tax Income	-130	-148	-173
Total Operating Income	-116	-137	-164
Total Gross Profit	16	15	33
Total Revenue	16	15	33
Operating Revenue	16	15	33
Total Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	132	151	197
Selling, General & Admin Expense	47	47	54
Marketing Expense	-	0.00	24
Research & Development Expense	86	104	119
Total Other Income / (Expense), net	-13	-11	-9.13
Interest Expense	4.95	13	13
Interest & Investment Income	0.78	2.27	4.15
Other Gains / (Losses), net	-	64	26
Basic Earnings per Share	($2.87)	($1.49)	($2.12)
Weighted Average Basic Shares Outstanding	45.18M	56.49M	69.82M
Diluted Earnings per Share	($2.87)	($1.49)	($2.12)
Weighted Average Diluted Shares Outstanding	45.18M	56.49M	69.82M
Weighted Average Basic & Diluted Shares Outstanding	-	64.22M	78.85M

This table shows MeiraGTx's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-37	-27	-30	-30	-44	20	-20	-49	-39	-39
Consolidated Net Income / (Loss)	-37	-27	-30	-30	-44	20	-20	-49	-39	-39
Net Income / (Loss) Continuing Operations	-37	-27	-30	-30	-44	20	-20	-49	-39	-39
Total Pre-Tax Income	-24	-40	-30	-30	-44	-44	-20	-49	-39	-65
Total Operating Income	-23	-41	-32	-29	-33	-44	-47	-46	-40	-31
Total Gross Profit	4.78	-5.25	3.33	3.54	5.10	2.54	0.70	0.28	11	21
Total Revenue	4.78	-5.25	3.33	3.54	5.10	2.54	0.70	0.28	11	21
Operating Revenue	4.78	-5.25	3.33	3.54	5.10	2.54	0.70	0.28	11	21
Total Operating Expenses	28	36	35	32	38	46	47	46	51	53
Selling, General & Admin Expense	11	14	13	12	10	12	13	11	13	17
Research & Development Expense	17	22	22	20	28	34	34	35	26	24
Total Other Income / (Expense), net	-1.60	1.12	1.34	-0.80	-12	0.02	26	-2.71	0.71	-33
Interest Expense	1.89	2.90	3.06	3.36	3.38	3.45	3.25	3.25	3.36	3.41
Interest & Investment Income	0.29	0.43	0.55	0.66	0.52	0.55	1.10	0.83	1.19	1.03
Basic Earnings per Share	($0.83)	($0.58)	($0.62)	($0.53)	($0.74)	$0.40	($0.32)	($0.76)	($0.55)	($0.49)
Weighted Average Basic Shares Outstanding	44.69M	45.18M	48.64M	55.35M	59.53M	56.49M	64.07M	64.38M	71.63M	69.82M
Diluted Earnings per Share	($0.83)	($0.58)	($0.62)	($0.53)	($0.74)	$0.40	($0.32)	($0.76)	($0.55)	($0.49)
Weighted Average Diluted Shares Outstanding	44.69M	45.18M	48.64M	55.35M	59.53M	56.49M	64.07M	64.38M	71.63M	69.82M
Weighted Average Basic & Diluted Shares Outstanding	44.73M	0.00	59.50M	59.54M	63.60M	64.22M	64.31M	64.90M	78.15M	78.85M

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	2022	2023	2024
Net Change in Cash & Equivalents	-23	13	-26
Net Cash From Operating Activities	-73	-105	-104
Net Cash From Continuing Operating Activities	-73	-105	-104
Net Income / (Loss) Continuing Operations	-130	-84	-148
Consolidated Net Income / (Loss)	-130	-84	-148
Depreciation Expense	8.72	14	13
Amortization Expense	0.44	1.08	1.10
Non-Cash Adjustments To Reconcile Net Income	38	-35	-1.25
Changes in Operating Assets and Liabilities, net	9.47	-1.21	31
Net Cash From Investing Activities	-45	34	23
Net Cash From Continuing Investing Activities	-45	34	23
Purchase of Property, Plant & Equipment	-45	-20	-4.96
Other Investing Activities, net	0.00	54	28
Net Cash From Financing Activities	95	84	55
Net Cash From Continuing Financing Activities	95	84	55
Repurchase of Common Equity	-	-6.42	-2.52
Issuance of Common Equity	25	92	59
Other Financing Activities, net	-2.54	-1.51	-2.34
Cash Interest Paid	0.33	13	12

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	42	0.07	-47	24	-28	64	-11	-19	24	-20
Net Cash From Operating Activities	-21	-16	-37	-29	-24	-15	-37	-19	-25	-23
Net Cash From Continuing Operating Activities	-21	-16	-37	-29	-24	-15	-37	-19	-25	-23
Net Income / (Loss) Continuing Operations	-37	-27	-30	-30	-44	20	-20	-49	-39	-39
Consolidated Net Income / (Loss)	-37	-27	-30	-30	-44	20	-20	-49	-39	-39
Depreciation Expense	2.03	2.49	3.09	3.25	3.48	3.91	3.28	3.22	3.26	3.07
Amortization Expense	0.09	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.28	0.28
Non-Cash Adjustments To Reconcile Net Income	13	-9.23	2.57	5.41	16	-59	-21	6.58	3.46	10
Changes in Operating Assets and Liabilities, net	1.42	18	-13	-8.36	0.27	20	1.63	19	7.31	2.58
Net Cash From Investing Activities	-10	-8.49	-8.61	-4.98	-3.56	51	27	-1.33	-1.31	-1.22
Net Cash From Continuing Investing Activities	-10	-8.49	-8.61	-4.98	-3.56	51	27	-1.33	-1.31	-1.22
Purchase of Property, Plant & Equipment	-10	-8.49	-8.61	-4.98	-3.56	-3.03	-1.68	-1.33	-0.73	-1.22
Net Cash From Financing Activities	73	25	-1.23	58	-0.40	28	-1.27	1.60	50	4.24
Net Cash From Continuing Financing Activities	73	25	-1.23	58	-0.40	28	-1.27	1.60	50	4.24
Repurchase of Common Equity	-	-	0.00	-4.00	-0.12	-2.30	-0.64	-0.01	-1.86	-0.01
Issuance of Common Equity	-	25	0.00	62	-	30	1.59	1.61	52	4.26
Cash Interest Paid	0.09	0.16	1.57	5.42	2.98	3.09	2.95	2.94	2.97	3.17

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	2022	2023	2024
Total Assets	318	327	270
Total Current Assets	154	160	124
Cash & Equivalents	116	130	104
Accounts Receivable	21	10	0.71
Inventories, net	-	0.00	0.39
Prepaid Expenses	8.13	5.63	6.83
Current Deferred & Refundable Income Taxes	7.69	13	8.97
Other Current Assets	1.67	1.02	2.97
Plant, Property, & Equipment, net	109	116	103
Total Noncurrent Assets	55	51	43
Long-Term Investments	6.33	6.77	6.75
Noncurrent Note & Lease Receivables	25	24	22
Intangible Assets	1.34	1.12	0.82
Other Noncurrent Operating Assets	22	19	14
Total Liabilities & Shareholders' Equity	318	327	270
Total Liabilities	200	189	202
Total Current Liabilities	82	67	61
Accounts Payable	17	16	24
Accrued Expenses	40	43	27
Current Deferred Revenue	15	2.93	4.83
Other Current Liabilities	11	5.47	4.96
Total Noncurrent Liabilities	118	121	141
Long-Term Debt	71	72	73
Asset Retirement Reserve & Litigation Obligation	2.18	2.40	2.82
Noncurrent Deferred Revenue	27	34	58
Other Noncurrent Operating Liabilities	17	13	7.52
Total Equity & Noncontrolling Interests	118	138	68
Total Preferred & Common Equity	118	138	68
Total Common Equity	118	138	68
Common Stock	582	694	774
Retained Earnings	-470	-554	-702
Accumulated Other Comprehensive Income / (Loss)	6.05	-1.44	-3.72

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	301	288	310	267	309	267	299
Total Current Assets	155	121	143	104	149	111	139
Cash & Equivalents	115	69	93	63	119	100	123
Accounts Receivable	24	36	33	22	11	1.63	3.28
Prepaid Expenses	10	6.98	8.11	7.00	5.08	4.96	7.03
Current Deferred & Refundable Income Taxes	4.90	7.86	8.03	10	13	3.56	5.15
Other Current Assets	1.56	1.56	1.55	0.76	0.93	0.66	0.71
Plant, Property, & Equipment, net	94	113	114	112	111	109	113
Total Noncurrent Assets	53	54	53	52	49	47	48
Long-Term Investments	6.66	6.33	6.33	6.33	6.77	6.77	6.77
Noncurrent Note & Lease Receivables	23	25	25	24	24	23	24
Intangible Assets	1.29	1.30	1.25	1.87	1.04	0.97	0.95
Other Noncurrent Operating Assets	22	22	21	20	17	16	16
Total Liabilities & Shareholders' Equity	301	288	310	267	309	267	299
Total Liabilities	179	198	187	175	188	187	204
Total Current Liabilities	72	81	72	64	48	47	59
Accounts Payable	22	30	28	21	21	21	30
Accrued Expenses	25	31	25	28	17	17	19
Current Deferred Revenue	19	14	12	7.92	3.77	3.50	5.11
Other Current Liabilities	7.02	6.59	6.36	6.57	5.20	5.18	5.47
Total Noncurrent Liabilities	106	117	115	112	140	140	144
Long-Term Debt	71	72	72	72	72	73	73
Asset Retirement Reserve & Litigation Obligation	2.08	2.24	2.30	2.32	2.44	2.49	2.88
Noncurrent Deferred Revenue	15	26	25	23	53	54	59
Other Noncurrent Operating Liabilities	17	16	16	14	12	11	9.61
Total Equity & Noncontrolling Interests	123	90	124	92	122	80	96
Total Preferred & Common Equity	123	90	124	92	122	80	96
Total Common Equity	123	90	124	92	122	80	96
Common Stock	550	587	653	659	700	707	763
Retained Earnings	-443	-501	-530	-574	-575	-623	-663
Accumulated Other Comprehensive Income / (Loss)	15	3.69	1.15	7.16	-3.13	-3.61	-4.85

This table displays calculated financial ratios and metrics derived from MeiraGTx's official financial filings.

Metric	2021	2022	2023	2024
Growth Metrics	-	-	-	-
Revenue Growth	4.61%	-57.28%	-8.82%	129.26%
EBITDA Growth	-95.22%	-7.33%	-5.13%	-22.93%
EBIT Growth	-96.78%	-7.81%	-9.26%	-19.81%
NOPAT Growth	-86.01%	0.00%	-17.80%	-19.81%
Net Income Growth	-123.51%	-62.91%	35.17%	-75.89%
EPS Growth	-86.36%	-59.44%	48.08%	-42.28%
Operating Cash Flow Growth	-14.27%	-594.19%	-44.14%	0.83%
Free Cash Flow Firm Growth	-9.47%	-12.97%	3.68%	30.27%
Invested Capital Growth	131.38%	60.00%	10.08%	-58.57%
Revenue Q/Q Growth	-20.37%	-61.90%	115.92%	130.66%
EBITDA Q/Q Growth	-46.77%	-58.90%	-1.06%	7.07%
EBIT Q/Q Growth	-45.03%	-51.16%	-2.01%	6.95%
NOPAT Q/Q Growth	-48.63%	-40.20%	-2.01%	6.95%
Net Income Q/Q Growth	-75.92%	-15.51%	36.13%	-67.61%
EPS Q/Q Growth	0.00%	-14.80%	39.68%	-72.36%
Operating Cash Flow Q/Q Growth	-24.06%	27.32%	1.61%	-9.11%
Free Cash Flow Firm Q/Q Growth	-29.17%	-14.62%	11.15%	-4.51%
Invested Capital Q/Q Growth	78.99%	-7.31%	-21.35%	-21.51%
Profitability Metrics	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-657.33%	-730.40%	-842.16%	-451.58%
Operating Margin	-714.67%	-730.87%	-944.21%	-493.44%
EBIT Margin	-714.67%	-787.98%	-944.21%	-493.44%
Profit (Net Income) Margin	-796.11%	-814.16%	-578.86%	-444.10%
Tax Burden Percent	107.54%	100.00%	56.76%	85.26%
Interest Burden Percent	103.58%	103.32%	108.01%	105.56%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-169.28%	-149.19%	-135.94%	-219.78%
ROIC Less NNEP Spread (ROIC-NNEP)	-132.24%	-99.52%	-156.71%	-155.00%
Return on Net Nonoperating Assets (RNNOA)	96.52%	81.97%	70.27%	76.29%
Return on Equity (ROE)	-72.76%	-67.22%	-65.67%	-143.48%
Cash Return on Invested Capital (CROIC)	-248.57%	-195.34%	-145.54%	-136.94%
Operating Return on Assets (OROA)	-34.13%	-39.42%	-42.50%	-55.06%
Return on Assets (ROA)	-38.01%	-40.73%	-26.06%	-49.55%
Return on Common Equity (ROCE)	-72.76%	-67.22%	-65.67%	-143.48%
Return on Equity Simple (ROE_SIMPLE)	-110.09%	-110.09%	-60.81%	-217.89%
Net Operating Profit after Tax (NOPAT)	-81	-81	-96	-115
NOPAT Margin	-500.27%	-511.61%	-660.94%	-345.41%
Net Nonoperating Expense Percent (NNEP)	-37.04%	-49.67%	20.77%	-64.78%
Return On Investment Capital (ROIC_SIMPLE)	-43.09%	-	-45.62%	-81.50%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	285.92%	292.40%	325.80%	162.91%
R&D to Revenue	526.53%	538.47%	714.97%	359.04%
Operating Expenses to Revenue	812.45%	830.87%	1,040.77%	593.44%
Earnings before Interest and Taxes (EBIT)	-116	-125	-137	-164
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-107	-116	-122	-150
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	2.48	2.48	3.23	7.02
Price to Tangible Book Value (P/TBV)	2.51	2.51	3.26	7.10
Price to Revenue (P/Rev)	17.91	18.32	30.76	14.30
Price to Earnings (P/E)	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.59	3.59	5.17	14.32
Enterprise Value to Revenue (EV/Rev)	14.81	15.14	26.33	13.18
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.61	0.61	0.52	1.08
Long-Term Debt to Equity	0.61	0.61	0.52	1.08
Financial Leverage	-0.73	-0.82	-0.45	-0.49
Leverage Ratio	1.91	2.70	2.52	2.90
Compound Leverage Factor	1.98	2.79	2.72	3.06
Debt to Total Capital	37.72%	37.72%	34.29%	51.91%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	37.72%	37.72%	34.29%	51.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	62.28%	62.28%	65.71%	48.09%
Debt to EBITDA	-0.67	-0.61	-0.59	-0.49
Net Debt to EBITDA	0.47	0.43	0.53	0.25
Long-Term Debt to EBITDA	-0.67	-0.61	-0.59	-0.49
Debt to NOPAT	-0.88	-0.88	-0.75	-0.64
Net Debt to NOPAT	0.62	0.62	0.67	0.32
Long-Term Debt to NOPAT	-0.88	-0.88	-0.75	-0.64
Altman Z-Score	-2.08	-2.17	-1.95	-3.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	1.88	1.88	2.38	2.03
Quick Ratio	1.67	1.67	2.08	1.72
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	-120	-107	-103	-72
Operating Cash Flow to CapEx	-162.57%	-162.57%	-522.28%	-2,108.88%
Free Cash Flow to Firm to Interest Expense	-24.18	-21.56	-7.76	-5.40
Operating Cash Flow to Interest Expense	-14.78	-14.78	-7.96	-7.87
Operating Cash Flow Less CapEx to Interest Expense	-23.87	-23.87	-9.48	-8.25
Efficiency Ratios	-	-	-	-
Asset Turnover	0.05	0.05	0.05	0.11
Accounts Receivable Turnover	0.54	0.75	0.92	6.14
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.21	0.15	0.13	0.30
Accounts Payable Turnover	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	670.47	489.13	395.68	59.47
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	670.47	489.13	395.68	59.47
Capital & Investment Metrics	-	-	-	-
Invested Capital	67	67	74	31
Invested Capital Turnover	0.34	0.29	0.21	0.64
Increase / (Decrease) in Invested Capital	38	25	6.77	-43
Enterprise Value (EV)	241	241	382	439
Market Capitalization	292	292	446	476
Book Value per Share	$2.63	$2.63	$2.17	$0.87
Tangible Book Value per Share	$2.60	$2.60	$2.16	$0.86
Total Capital	189	189	210	141
Total Debt	71	71	72	73
Total Long-Term Debt	71	71	72	73
Net Debt	-51	-51	-64	-37
Capital Expenditures (CapEx)	45	45	20	4.96
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-43	-43	-37	-41
Debt-free Net Working Capital (DFNWC)	72	72	93	63
Net Working Capital (NWC)	72	72	93	63
Net Nonoperating Expense (NNE)	48	48	-12	33
Net Nonoperating Obligations (NNO)	-51	-51	-64	-37
Total Depreciation and Amortization (D&A)	9.34	9.17	15	14
Debt-free, Cash-free Net Working Capital to Revenue	-265.64%	-271.66%	-255.04%	-122.97%
Debt-free Net Working Capital to Revenue	443.87%	453.94%	637.53%	188.51%
Net Working Capital to Revenue	443.87%	453.94%	637.53%	188.51%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	($2.87)	$0.00	($1.49)	($2.12)
Adjusted Weighted Average Basic Shares Outstanding	45.18M	0.00	56.49M	69.82M
Adjusted Diluted Earnings per Share	($2.87)	$0.00	($1.49)	($2.12)
Adjusted Weighted Average Diluted Shares Outstanding	45.18M	0.00	56.49M	69.82M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.67M	0.00	64.22M	78.85M
Normalized Net Operating Profit after Tax (NOPAT)	-81	-81	-96	-115
Normalized NOPAT Margin	-500.27%	-511.61%	-660.94%	-345.41%
Pre Tax Income Margin	-740.27%	-814.16%	-1,019.80%	-520.87%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	-23.53	-25.36	-10.35	-12.37
NOPAT to Interest Expense	-16.47	-16.47	-7.24	-8.66
EBIT Less CapEx to Interest Expense	-32.62	-34.45	-11.87	-12.75
NOPAT Less CapEx to Interest Expense	-25.56	-25.56	-8.77	-9.03
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-7.64%	-1.70%

This table displays calculated financial ratios and metrics derived from MeiraGTx's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-31.17%	-1,289.95%	-40.81%	-67.10%	6.71%	148.33%	-79.09%	-92.03%	113.80%	742.46%
EBITDA Growth	13.21%	20.02%	14.85%	27.13%	-82.13%	-3.34%	39.94%	-82.77%	10.79%	28.88%
EBIT Growth	12.00%	19.95%	9.94%	21.37%	-81.69%	-6.57%	34.46%	-71.85%	10.32%	28.03%
NOPAT Growth	-1.14%	19.95%	-10.53%	-21.16%	-43.64%	-6.57%	-47.27%	-59.49%	-22.22%	28.03%
Net Income Growth	-43.70%	54.45%	2.19%	12.93%	-18.81%	174.01%	32.68%	-64.36%	11.21%	-294.90%
EPS Growth	-40.68%	54.69%	11.43%	30.26%	10.84%	168.97%	48.39%	-43.40%	25.68%	-222.50%
Operating Cash Flow Growth	-20.62%	62.81%	-350.61%	-4.33%	-17.79%	10.57%	1.74%	32.94%	-2.49%	-60.01%
Free Cash Flow Firm Growth	4.96%	61.19%	-44.13%	1.87%	12.64%	-30.14%	78.84%	134.00%	160.64%	156.90%
Invested Capital Growth	93.10%	0.00%	109.21%	51.15%	29.73%	10.08%	-21.32%	-52.12%	-58.49%	-58.57%
Revenue Q/Q Growth	-55.55%	-209.87%	163.46%	6.18%	44.15%	-50.25%	-72.55%	-59.54%	3,768.79%	96.06%
EBITDA Q/Q Growth	35.45%	-85.02%	35.90%	4.82%	-61.33%	-4.99%	62.75%	-189.65%	21.25%	16.31%
EBIT Q/Q Growth	33.28%	-80.00%	32.04%	3.67%	-54.16%	-5.59%	58.20%	-152.57%	19.55%	15.26%
NOPAT Q/Q Growth	4.00%	-80.00%	22.64%	9.37%	-13.82%	-33.55%	-6.90%	1.85%	12.78%	21.36%
Net Income Q/Q Growth	-9.75%	26.74%	-11.17%	2.58%	-49.75%	145.64%	-201.12%	-137.84%	19.11%	-0.18%
EPS Q/Q Growth	-9.21%	30.12%	-6.90%	14.52%	-39.62%	154.05%	-180.00%	-137.50%	27.63%	10.91%
Operating Cash Flow Q/Q Growth	25.46%	21.51%	-129.86%	22.41%	15.85%	40.42%	-152.57%	47.05%	-28.61%	6.98%
Free Cash Flow Firm Q/Q Growth	5.08%	43.56%	-134.70%	21.96%	15.49%	15.92%	61.84%	225.41%	50.69%	-21.10%
Invested Capital Q/Q Growth	14.14%	-7.31%	28.92%	10.83%	-2.04%	-21.35%	-7.86%	-32.56%	-15.07%	-21.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	0.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-432.75%	0.00%	-736.20%	-659.92%	-738.57%	-1,558.41%	-2,114.92%	-15,141.13%	-308.19%	-131.56%
Operating Margin	-476.96%	0.00%	-952.61%	-813.14%	-642.01%	-1,723.28%	-6,710.47%	-16,279.79%	-367.01%	-147.22%
EBIT Margin	-476.96%	0.00%	-836.92%	-759.32%	-812.05%	-1,723.28%	-2,623.96%	-16,380.50%	-340.62%	-147.22%
Profit (Net Income) Margin	-779.67%	0.00%	-910.74%	-835.62%	-868.06%	796.18%	-2,932.86%	-17,241.13%	-360.50%	-184.19%
Tax Burden Percent	152.73%	68.40%	99.82%	100.00%	100.00%	-46.22%	100.00%	100.00%	100.00%	60.66%
Interest Burden Percent	107.03%	97.27%	109.01%	110.04%	106.90%	99.97%	111.77%	105.25%	105.83%	206.25%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-253.56%	0.00%	-141.89%	-45.69%	-36.29%	-248.10%	-721.05%	-1,384.07%	-55.71%	-65.57%
ROIC Less NNEP Spread (ROIC-NNEP)	-232.29%	0.00%	-128.72%	-27.89%	52.68%	-336.71%	-764.06%	-1,330.56%	-14.27%	-31.34%
Return on Net Nonoperating Assets (RNNOA)	149.98%	0.00%	63.20%	11.13%	-11.79%	150.99%	206.13%	402.65%	4.15%	15.43%
Return on Equity (ROE)	-103.58%	0.00%	-78.69%	-34.55%	-48.08%	-97.11%	-514.92%	-981.42%	-51.56%	-50.15%
Cash Return on Invested Capital (CROIC)	-169.12%	-158.72%	-201.19%	-149.92%	-138.84%	-145.54%	-113.69%	-96.37%	-103.00%	-136.94%
Operating Return on Assets (OROA)	-65.91%	0.00%	-39.59%	-17.28%	-19.20%	-77.57%	-104.36%	-489.56%	-17.34%	-16.43%
Return on Assets (ROA)	-107.74%	0.00%	-43.09%	-19.01%	-20.53%	35.84%	-116.64%	-515.28%	-18.36%	-20.55%
Return on Common Equity (ROCE)	-103.58%	0.00%	-78.69%	-34.55%	-48.08%	-97.11%	-514.92%	-981.42%	-51.56%	-50.15%
Return on Equity Simple (ROE_SIMPLE)	-91.48%	0.00%	-142.91%	-100.82%	-143.17%	0.00%	-60.87%	-116.37%	-92.10%	0.00%
Net Operating Profit after Tax (NOPAT)	-16	-29	-22	-20	-23	-31	-33	-32	-28	-22
NOPAT Margin	-333.87%	0.00%	-666.83%	-569.19%	-449.41%	-1,206.29%	-4,697.33%	-11,395.85%	-256.91%	-103.05%
Net Nonoperating Expense Percent (NNEP)	-21.27%	2.82%	-13.17%	-17.80%	-88.97%	88.61%	43.01%	-53.52%	-41.44%	-34.23%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-14.56%	-	-	-	-15.63%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	225.05%	0.00%	383.08%	349.94%	196.14%	477.51%	1,886.23%	3,991.84%	116.62%	79.89%
R&D to Revenue	352.61%	0.00%	669.53%	563.19%	545.88%	1,326.11%	4,924.25%	12,387.94%	240.54%	112.13%
Operating Expenses to Revenue	577.67%	0.00%	1,052.61%	913.14%	742.01%	1,803.62%	6,810.47%	16,379.79%	467.01%	247.22%
Earnings before Interest and Taxes (EBIT)	-23	-41	-28	-27	-41	-44	-18	-46	-37	-31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-21	-38	-25	-23	-38	-40	-15	-43	-34	-28
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.07	2.48	2.79	3.24	3.18	3.23	3.20	3.38	2.83	7.02
Price to Tangible Book Value (P/TBV)	3.10	2.51	2.83	3.27	3.25	3.26	3.23	3.42	2.86	7.10
Price to Revenue (P/Rev)	9.00	18.32	18.47	62.46	43.48	30.76	32.81	31.40	18.76	14.30
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.49	3.59	2.86	3.88	3.13	5.17	4.93	5.15	5.48	14.32
Enterprise Value to Revenue (EV/Rev)	7.80	15.14	18.21	58.16	43.80	26.33	28.30	27.45	14.83	13.18
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.61	0.79	0.58	0.78	0.52	0.59	0.91	0.76	1.08
Long-Term Debt to Equity	0.58	0.61	0.79	0.58	0.78	0.52	0.59	0.91	0.76	1.08
Financial Leverage	-0.65	-0.43	-0.49	-0.40	-0.22	-0.45	-0.27	-0.30	-0.29	-0.49
Leverage Ratio	1.95	2.70	2.29	2.12	2.65	2.52	2.82	2.83	3.02	2.90
Compound Leverage Factor	2.08	2.63	2.50	2.33	2.83	2.52	3.15	2.98	3.20	5.97
Debt to Total Capital	36.72%	37.72%	44.21%	36.68%	43.88%	34.29%	37.29%	47.59%	43.24%	51.91%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	36.72%	37.72%	44.21%	36.68%	43.88%	34.29%	37.29%	47.59%	43.24%	51.91%
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%	0.00%
Common Equity to Total Capital	63.28%	62.28%	55.79%	63.32%	56.12%	65.71%	62.71%	52.41%	56.76%	48.09%
Debt to EBITDA	-0.97	-0.61	-0.64	-0.69	-0.59	-0.59	-0.53	-0.47	-0.45	-0.49
Net Debt to EBITDA	0.69	0.43	0.03	0.27	-0.02	0.53	0.39	0.22	0.35	0.25
Long-Term Debt to EBITDA	-0.97	-0.61	-0.64	-0.69	-0.59	-0.59	-0.53	-0.47	-0.45	-0.49
Debt to NOPAT	-1.23	-0.88	-0.86	-0.82	-0.76	-0.75	-0.68	-0.61	-0.59	-0.64
Net Debt to NOPAT	0.86	0.62	0.04	0.32	-0.02	0.67	0.50	0.29	0.46	0.32
Long-Term Debt to NOPAT	-1.23	-0.88	-0.86	-0.82	-0.76	-0.75	-0.68	-0.61	-0.59	-0.64
Altman Z-Score	-0.58	-1.30	-1.77	-1.10	-2.32	-1.01	-1.12	-2.65	-2.34	-2.21
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.14	1.88	1.50	1.99	1.63	2.38	3.14	2.36	2.34	2.03
Quick Ratio	1.91	1.67	1.30	1.75	1.35	2.08	2.74	2.16	2.12	1.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-51	-29	-67	-53	-44	-37	-14	18	27	21
Operating Cash Flow to CapEx	-207.03%	-191.56%	-434.54%	-583.16%	-685.02%	-480.10%	-2,189.57%	-1,463.96%	-3,427.67%	-1,911.00%
Free Cash Flow to Firm to Interest Expense	-26.91	-9.93	-22.04	-15.69	-13.16	-10.84	-4.39	5.50	8.03	6.24
Operating Cash Flow to Interest Expense	-10.95	-5.62	-12.22	-8.65	-7.22	-4.22	-11.30	-5.98	-7.45	-6.82
Operating Cash Flow Less CapEx to Interest Expense	-16.25	-8.55	-15.03	-10.13	-8.28	-5.10	-11.82	-6.39	-7.67	-7.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.05	0.05	0.02	0.02	0.05	0.04	0.03	0.05	0.11
Accounts Receivable Turnover	2.06	0.75	0.55	0.26	0.29	0.92	0.50	0.50	1.12	6.14
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	0.53	0.15	0.14	0.06	0.07	0.13	0.11	0.08	0.13	0.30
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	176.80	489.13	661.56	1,386.34	1,251.39	395.68	725.34	726.49	324.79	59.47
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	0.00
Cash Conversion Cycle (CCC)	176.80	489.13	661.56	1,386.34	1,251.39	395.68	725.34	726.49	324.79	59.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	72	67	87	96	94	74	68	46	39	31
Invested Capital Turnover	0.76	0.24	0.21	0.08	0.08	0.21	0.15	0.12	0.22	0.64
Increase / (Decrease) in Invested Capital	35	0.00	45	32	22	6.77	-18	-50	-55	-43
Enterprise Value (EV)	326	241	248	372	294	382	336	237	214	439
Market Capitalization	376	292	252	400	292	446	390	271	271	476
Book Value per Share	$2.74	$2.63	$1.85	$2.08	$1.54	$2.17	$1.90	$1.24	$1.48	$0.87
Tangible Book Value per Share	$2.71	$2.60	$1.83	$2.06	$1.51	$2.16	$1.88	$1.23	$1.46	$0.86
Total Capital	194	189	162	195	164	210	194	153	169	141
Total Debt	71	71	72	72	72	72	72	73	73	73
Total Long-Term Debt	71	71	72	72	72	72	72	73	73	73
Net Debt	-50	-51	-3.60	-28	2.15	-64	-54	-34	-57	-37
Capital Expenditures (CapEx)	10	8.49	8.61	4.98	3.56	3.03	1.68	1.33	0.73	1.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-32	-43	-28	-21	-23	-37	-17	-36	-43	-41
Debt-free Net Working Capital (DFNWC)	83	72	40	71	40	93	102	64	80	63
Net Working Capital (NWC)	83	72	40	71	40	93	102	64	80	63
Net Nonoperating Expense (NNE)	21	-1.43	8.13	9.43	21	-51	-12	16	11	17
Net Nonoperating Obligations (NNO)	-50	-51	-3.60	-28	2.15	-64	-54	-34	-57	-37
Total Depreciation and Amortization (D&A)	2.11	2.77	3.36	3.52	3.75	4.19	3.55	3.50	3.54	3.35
Debt-free, Cash-free Net Working Capital to Revenue	-76.67%	-271.66%	-208.55%	-334.77%	-347.29%	-255.04%	-146.89%	-419.97%	-299.73%	-122.97%
Debt-free Net Working Capital to Revenue	197.87%	453.94%	296.43%	1,114.35%	595.23%	637.53%	856.61%	739.68%	551.90%	188.51%
Net Working Capital to Revenue	197.87%	453.94%	296.43%	1,114.35%	595.23%	637.53%	856.61%	739.68%	551.90%	188.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.83)	($0.58)	($0.62)	($0.53)	($0.74)	$0.40	($0.32)	($0.76)	($0.55)	($0.49)
Adjusted Weighted Average Basic Shares Outstanding	44.69M	45.18M	48.64M	55.35M	59.53M	56.49M	64.07M	64.38M	71.63M	69.82M
Adjusted Diluted Earnings per Share	($0.83)	($0.58)	($0.62)	($0.53)	($0.74)	$0.40	($0.32)	($0.76)	($0.55)	($0.49)
Adjusted Weighted Average Diluted Shares Outstanding	44.69M	45.18M	48.64M	55.35M	59.53M	56.49M	64.07M	64.38M	71.63M	69.82M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	44.73M	0.00	59.50M	59.54M	63.60M	64.22M	64.31M	64.90M	78.15M	78.85M
Normalized Net Operating Profit after Tax (NOPAT)	-16	-29	-22	-20	-23	-31	-33	-32	-28	-22
Normalized NOPAT Margin	-333.87%	0.00%	-666.83%	-569.19%	-449.41%	-1,206.29%	-4,697.33%	-11,395.85%	-256.91%	-103.05%
Pre Tax Income Margin	-510.50%	0.00%	-912.36%	-835.59%	-868.06%	-1,722.69%	-2,932.86%	-17,241.13%	-360.50%	-303.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-12.06	-14.18	-9.12	-8.01	-12.26	-12.69	-5.63	-14.20	-11.07	-9.23
NOPAT to Interest Expense	-8.44	-9.93	-7.27	-6.01	-6.78	-8.88	-10.07	-9.88	-8.35	-6.46
EBIT Less CapEx to Interest Expense	-17.35	-17.11	-11.93	-9.49	-13.31	-13.56	-6.14	-14.60	-11.29	-9.59
NOPAT Less CapEx to Interest Expense	-13.73	-12.86	-10.08	-7.49	-7.84	-9.76	-10.59	-10.28	-8.57	-6.82
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	0.00%	0.00%	0.00%	0.00%	0.00%	-7.64%	0.00%	0.00%	0.00%	-1.70%

Frequently Asked Questions About MeiraGTx's Financials

When does MeiraGTx's financial year end?

According to the most recent income statement we have on file, MeiraGTx's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has MeiraGTx's net income changed over the last 2 years?

MeiraGTx's net income appears to be on an upward trend, with a most recent value of -$147.79 million in 2024, rising from -$129.62 million in 2022. The previous period was -$84.03 million in 2023.

What is MeiraGTx's operating income?

MeiraGTx's total operating income in 2024 was -$164.21 million, based on the following breakdown:

Total Gross Profit: $33.28 million
Total Operating Expenses: $197.49 million

How has MeiraGTx revenue changed over the last 2 years?

Over the last 2 years, MeiraGTx's total revenue changed from $15.92 million in 2022 to $33.28 million in 2024, a change of 109.0%.

How much debt does MeiraGTx have?

MeiraGTx's total liabilities were at $201.92 million at the end of 2024, a 7.1% increase from 2023, and a 0.7% increase since 2022.

How much cash does MeiraGTx have?

In the past 2 years, MeiraGTx's cash and equivalents has ranged from $103.66 million in 2024 to $129.57 million in 2023, and is currently $103.66 million as of their latest financial filing in 2024.

How has MeiraGTx's book value per share changed over the last 3 years?

Over the last 3 years, MeiraGTx's book value per share changed from 2.63 in 2021 to 0.87 in 2024, a change of -67.0%.

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This page (NASDAQ:MGTX) was last updated on 4/11/2025 by MarketBeat.com Staff

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MeiraGTx (MGTX) Financials

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MeiraGTx (MGTX) Financials

Annual Income Statements for MeiraGTx

Quarterly Income Statements for MeiraGTx

Annual Cash Flow Statements for MeiraGTx

Quarterly Cash Flow Statements for MeiraGTx

Annual Balance Sheets for MeiraGTx

Quarterly Balance Sheets for MeiraGTx

Annual Metrics and Ratios for MeiraGTx

Quarterly Metrics and Ratios for MeiraGTx

Frequently Asked Questions About MeiraGTx's Financials

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