Madrigal Pharmaceuticals Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	740.64	180.13	-	-	-	-
Cost of Revenue	35.15	6.23	-	-	-	-
Gross Profit	705.5	173.9	-	-	-	-
Selling, General & Admin	715.07	435.06	108.15	48.13	37.32	21.86
Research & Development	297.91	236.72	272.35	245.44	205.16	184.81
Operating Expenses	1,013	671.78	380.5	293.57	242.48	206.67
Operating Income	-307.48	-497.88	-380.5	-293.57	-242.48	-206.67
Interest Expense	-17.51	-14.67	-12.71	-3.96	-	-
Interest & Investment Income	38.98	46.65	19.58	2.19	0.36	4.33
Other Non Operating Income (Expenses)	-0.34	-	-	-	0.27	0.1
EBT Excluding Unusual Items	-286.35	-465.89	-373.63	-295.35	-241.85	-202.24
Pretax Income	-289.13	-465.89	-373.63	-295.35	-241.85	-202.24
Net Income	-289.13	-465.89	-373.63	-295.35	-241.85	-202.24
Net Income to Common	-289.13	-465.89	-373.63	-295.35	-241.85	-202.24
Shares Outstanding (Basic)	22	21	19	17	17	15
Shares Outstanding (Diluted)	22	21	19	17	17	15
Shares Change (YoY)	6.98%	13.83%	9.05%	3.64%	7.05%	0.34%
EPS (Basic)	-13.04	-21.90	-19.99	-17.23	-14.63	-13.09
EPS (Diluted)	-13.04	-21.90	-19.99	-17.23	-14.63	-13.09
Free Cash Flow	-161.63	-457.03	-325.71	-225.07	-184.13	-157.9
Free Cash Flow Per Share	-7.29	-21.48	-17.43	-13.13	-11.13	-10.22
Gross Margin	95.25%	96.54%	-	-	-	-
Operating Margin	-41.52%	-276.39%	-	-	-	-
Profit Margin	-39.04%	-258.64%	-	-	-	-
Free Cash Flow Margin	-21.82%	-253.72%	-	-	-	-
EBITDA	-306.01	-496.78	-379.97	-293.1	-242.08	-206.2
EBITDA Margin	-41.32%	-275.78%	-	-	-	-
D&A For EBITDA	1.48	1.1	0.53	0.47	0.41	0.47
EBIT	-307.48	-497.88	-380.5	-293.57	-242.48	-206.67
EBIT Margin	-41.52%	-276.39%	-	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.