Madrigal Pharmaceuticals Balance Sheet

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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	295.69	100.02	99.92	331.55	36.27	54	Upgrade
Short-Term Investments	814.06	826.23	534.22	27.23	234.08	230.15	Upgrade
Cash & Short-Term Investments	1,110	926.25	634.13	358.77	270.35	284.15	Upgrade
Cash Growth	11.13%	46.07%	76.75%	32.71%	-4.86%	-35.28%	Upgrade
Accounts Receivable	113.29	53.82	-	-	-	-	Upgrade
Receivables	113.29	53.82	-	-	-	-	Upgrade
Inventory	69.32	34.07	-	-	-	-	Upgrade
Prepaid Expenses	49.33	13.79	3.15	2.6	1.34	1.01	Upgrade
Restricted Cash	5	5	-	-	-	-	Upgrade
Total Current Assets	1,347	1,033	637.28	361.37	271.68	285.16	Upgrade
Property, Plant & Equipment	8.3	4.59	3.27	1.2	1.65	1.83	Upgrade
Other Intangible Assets	7.48	4.73	-	-	-	-	Upgrade
Total Assets	1,362	1,042	640.55	362.57	273.33	287	Upgrade
Accounts Payable	44.94	43.6	28.04	23.83	21.38	1.02	Upgrade
Accrued Expenses	345.38	124.7	89.98	91.46	55.05	45.22	Upgrade
Current Portion of Leases	1.08	0.98	0.53	0.6	0.41	0.32	Upgrade
Total Current Liabilities	391.41	169.28	118.55	115.89	76.84	46.56	Upgrade
Long-Term Debt	339.75	117.57	115.48	49.29	-	-	Upgrade
Long-Term Leases	5.57	1.02	1.19	-	0.39	0.47	Upgrade
Total Liabilities	736.73	287.86	235.21	165.18	77.23	47.03	Upgrade
Common Stock	0	0	0	0	0	0	Upgrade
Additional Paid-In Capital	2,657	2,556	1,741	1,160	863.5	665.39	Upgrade
Retained Earnings	-2,032	-1,802	-1,336	-962.66	-667.31	-425.46	Upgrade
Comprehensive Income & Other	1.07	0.47	0.47	-0.03	-0.08	0.05	Upgrade
Shareholders' Equity	625.73	754.38	405.33	197.39	196.11	239.97	Upgrade
Total Liabilities & Equity	1,362	1,042	640.55	362.57	273.33	287	Upgrade
Total Debt	346.4	119.57	117.19	49.89	0.8	0.79	Upgrade
Net Cash (Debt)	763.35	806.68	516.94	308.88	269.55	283.36	Upgrade
Net Cash Growth	-13.21%	56.05%	67.36%	14.59%	-4.88%	-35.36%	Upgrade
Net Cash Per Share	34.42	37.92	27.66	18.02	16.30	18.34	Upgrade
Filing Date Shares Outstanding	22.71	22.08	19.9	18.14	17.1	16.02	Upgrade
Total Common Shares Outstanding	22.7	22	19.88	18.1	17.1	15.51	Upgrade
Working Capital	955.27	863.65	518.73	245.48	194.85	238.61	Upgrade
Book Value Per Share	27.56	34.28	20.39	10.90	11.47	15.47	Upgrade
Tangible Book Value	618.26	749.65	405.33	197.39	196.11	239.97	Upgrade
Tangible Book Value Per Share	27.23	34.07	20.39	10.90	11.47	15.47	Upgrade

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