MeiraGTx (MGTX) Financials

$5.09 -0.21 (-3.96%)

As of 03:20 PM 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-148	-84	-130
Consolidated Net Income / (Loss)	-148	-84	-130
Net Income / (Loss) Continuing Operations	-148	-85	-130
Total Pre-Tax Income	-173	-148	-130
Total Operating Income	-164	-137	-116
Total Gross Profit	33	15	16
Total Revenue	33	15	16
Operating Revenue	33	15	16
Total Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	197	151	132
Selling, General & Admin Expense	54	47	47
Marketing Expense	24	0.00	-
Research & Development Expense	119	104	86
Total Other Income / (Expense), net	-9.13	-11	-13
Interest Expense	13	13	4.95
Interest & Investment Income	4.15	2.27	0.78
Other Gains / (Losses), net	26	64	-
Basic Earnings per Share	($2.12)	($1.49)	($2.87)
Weighted Average Basic Shares Outstanding	69.82M	56.49M	45.18M
Diluted Earnings per Share	($2.12)	($1.49)	($2.87)
Weighted Average Diluted Shares Outstanding	69.82M	56.49M	45.18M
Weighted Average Basic & Diluted Shares Outstanding	78.85M	64.22M	-

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-39	-39	-49	-20	20	-44	-30	-30	-27	-37
Consolidated Net Income / (Loss)	-39	-39	-49	-20	20	-44	-30	-30	-27	-37
Net Income / (Loss) Continuing Operations	-39	-39	-49	-20	20	-44	-30	-30	-27	-37
Total Pre-Tax Income	-65	-39	-49	-20	-44	-44	-30	-30	-40	-24
Total Operating Income	-31	-40	-46	-47	-44	-33	-29	-32	-41	-23
Total Gross Profit	21	11	0.28	0.70	2.54	5.10	3.54	3.33	-5.25	4.78
Total Revenue	21	11	0.28	0.70	2.54	5.10	3.54	3.33	-5.25	4.78
Operating Revenue	21	11	0.28	0.70	2.54	5.10	3.54	3.33	-5.25	4.78
Total Operating Expenses	53	51	46	47	46	38	32	35	36	28
Selling, General & Admin Expense	17	13	11	13	12	10	12	13	14	11
Research & Development Expense	24	26	35	34	34	28	20	22	22	17
Total Other Income / (Expense), net	-33	0.71	-2.71	26	0.02	-12	-0.80	1.34	1.12	-1.60
Interest Expense	3.41	3.36	3.25	3.25	3.45	3.38	3.36	3.06	2.90	1.89
Interest & Investment Income	1.03	1.19	0.83	1.10	0.55	0.52	0.66	0.55	0.43	0.29
Basic Earnings per Share	($0.49)	($0.55)	($0.76)	($0.32)	$0.40	($0.74)	($0.53)	($0.62)	($0.58)	($0.83)
Weighted Average Basic Shares Outstanding	69.82M	71.63M	64.38M	64.07M	56.49M	59.53M	55.35M	48.64M	45.18M	44.69M
Diluted Earnings per Share	($0.49)	($0.55)	($0.76)	($0.32)	$0.40	($0.74)	($0.53)	($0.62)	($0.58)	($0.83)
Weighted Average Diluted Shares Outstanding	69.82M	71.63M	64.38M	64.07M	56.49M	59.53M	55.35M	48.64M	45.18M	44.69M
Weighted Average Basic & Diluted Shares Outstanding	78.85M	78.15M	64.90M	64.31M	64.22M	63.60M	59.54M	59.50M	0.00	44.73M

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

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-20	24	-19	-11	64	-28	24	-47	0.07	42
Net Cash From Operating Activities	-23	-25	-19	-37	-15	-24	-29	-37	-16	-21
Net Cash From Continuing Operating Activities	-23	-25	-19	-37	-15	-24	-29	-37	-16	-21
Net Income / (Loss) Continuing Operations	-39	-39	-49	-20	20	-44	-30	-30	-27	-37
Consolidated Net Income / (Loss)	-39	-39	-49	-20	20	-44	-30	-30	-27	-37
Depreciation Expense	3.07	3.26	3.22	3.28	3.91	3.48	3.25	3.09	2.49	2.03
Amortization Expense	0.28	0.28	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.09
Non-Cash Adjustments To Reconcile Net Income	10	3.46	6.58	-21	-59	16	5.41	2.57	-9.23	13
Changes in Operating Assets and Liabilities, net	2.58	7.31	19	1.63	20	0.27	-8.36	-13	18	1.42
Net Cash From Investing Activities	-1.22	-1.31	-1.33	27	51	-3.56	-4.98	-8.61	-8.49	-10
Net Cash From Continuing Investing Activities	-1.22	-1.31	-1.33	27	51	-3.56	-4.98	-8.61	-8.49	-10
Purchase of Property, Plant & Equipment	-1.22	-0.73	-1.33	-1.68	-3.03	-3.56	-4.98	-8.61	-8.49	-10
Net Cash From Financing Activities	4.24	50	1.60	-1.27	28	-0.40	58	-1.23	25	73
Net Cash From Continuing Financing Activities	4.24	50	1.60	-1.27	28	-0.40	58	-1.23	25	73
Repurchase of Common Equity	-0.01	-1.86	-0.01	-0.64	-2.30	-0.12	-4.00	0.00	-	-
Issuance of Common Equity	4.26	52	1.61	1.59	30	-	62	0.00	25	-
Cash Interest Paid	3.17	2.97	2.94	2.95	3.09	2.98	5.42	1.57	0.16	0.09

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	270	327	318
Total Current Assets	124	160	154
Cash & Equivalents	104	130	116
Accounts Receivable	0.71	10	21
Inventories, net	0.39	0.00	-
Prepaid Expenses	6.83	5.63	8.13
Current Deferred & Refundable Income Taxes	8.97	13	7.69
Other Current Assets	2.97	1.02	1.67
Plant, Property, & Equipment, net	103	116	109
Total Noncurrent Assets	43	51	55
Long-Term Investments	6.75	6.77	6.33
Noncurrent Note & Lease Receivables	22	24	25
Intangible Assets	0.82	1.12	1.34
Other Noncurrent Operating Assets	14	19	22
Total Liabilities & Shareholders' Equity	270	327	318
Total Liabilities	202	189	200
Total Current Liabilities	61	67	82
Accounts Payable	24	16	17
Accrued Expenses	27	43	40
Current Deferred Revenue	4.83	2.93	15
Other Current Liabilities	4.96	5.47	11
Total Noncurrent Liabilities	141	121	118
Long-Term Debt	73	72	71
Asset Retirement Reserve & Litigation Obligation	2.82	2.40	2.18
Noncurrent Deferred Revenue	58	34	27
Other Noncurrent Operating Liabilities	7.52	13	17
Total Equity & Noncontrolling Interests	68	138	118
Total Preferred & Common Equity	68	138	118
Total Common Equity	68	138	118
Common Stock	774	694	582
Retained Earnings	-702	-554	-470
Accumulated Other Comprehensive Income / (Loss)	-3.72	-1.44	6.05

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	299	267	309	267	310	288	301
Total Current Assets	139	111	149	104	143	121	155
Cash & Equivalents	123	100	119	63	93	69	115
Accounts Receivable	3.28	1.63	11	22	33	36	24
Prepaid Expenses	7.03	4.96	5.08	7.00	8.11	6.98	10
Current Deferred & Refundable Income Taxes	5.15	3.56	13	10	8.03	7.86	4.90
Other Current Assets	0.71	0.66	0.93	0.76	1.55	1.56	1.56
Plant, Property, & Equipment, net	113	109	111	112	114	113	94
Total Noncurrent Assets	48	47	49	52	53	54	53
Long-Term Investments	6.77	6.77	6.77	6.33	6.33	6.33	6.66
Noncurrent Note & Lease Receivables	24	23	24	24	25	25	23
Intangible Assets	0.95	0.97	1.04	1.87	1.25	1.30	1.29
Other Noncurrent Operating Assets	16	16	17	20	21	22	22
Total Liabilities & Shareholders' Equity	299	267	309	267	310	288	301
Total Liabilities	204	187	188	175	187	198	179
Total Current Liabilities	59	47	48	64	72	81	72
Accounts Payable	30	21	21	21	28	30	22
Accrued Expenses	19	17	17	28	25	31	25
Current Deferred Revenue	5.11	3.50	3.77	7.92	12	14	19
Other Current Liabilities	5.47	5.18	5.20	6.57	6.36	6.59	7.02
Total Noncurrent Liabilities	144	140	140	112	115	117	106
Long-Term Debt	73	73	72	72	72	72	71
Asset Retirement Reserve & Litigation Obligation	2.88	2.49	2.44	2.32	2.30	2.24	2.08
Noncurrent Deferred Revenue	59	54	53	23	25	26	15
Other Noncurrent Operating Liabilities	9.61	11	12	14	16	16	17
Total Equity & Noncontrolling Interests	96	80	122	92	124	90	123
Total Preferred & Common Equity	96	80	122	92	124	90	123
Total Common Equity	96	80	122	92	124	90	123
Common Stock	763	707	700	659	653	587	550
Retained Earnings	-663	-623	-575	-574	-530	-501	-443
Accumulated Other Comprehensive Income / (Loss)	-4.85	-3.61	-3.13	7.16	1.15	3.69	15

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

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

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	742.46%	113.80%	-92.03%	-79.09%	148.33%	6.71%	-67.10%	-40.81%	-1,289.95%	-31.17%
EBITDA Growth	28.88%	10.79%	-82.77%	39.94%	-3.34%	-82.13%	27.13%	14.85%	20.02%	13.21%
EBIT Growth	28.03%	10.32%	-71.85%	34.46%	-6.57%	-81.69%	21.37%	9.94%	19.95%	12.00%
NOPAT Growth	28.03%	-22.22%	-59.49%	-47.27%	-6.57%	-43.64%	-21.16%	-10.53%	19.95%	-1.14%
Net Income Growth	-294.90%	11.21%	-64.36%	32.68%	174.01%	-18.81%	12.93%	2.19%	54.45%	-43.70%
EPS Growth	-222.50%	25.68%	-43.40%	48.39%	168.97%	10.84%	30.26%	11.43%	54.69%	-40.68%
Operating Cash Flow Growth	-60.01%	-2.49%	32.94%	1.74%	10.57%	-17.79%	-4.33%	-350.61%	62.81%	-20.62%
Free Cash Flow Firm Growth	156.90%	160.64%	134.00%	78.84%	-30.14%	12.64%	1.87%	-44.13%	61.19%	4.96%
Invested Capital Growth	-58.57%	-58.49%	-52.12%	-21.32%	10.08%	29.73%	51.15%	109.21%	0.00%	93.10%
Revenue Q/Q Growth	96.06%	3,768.79%	-59.54%	-72.55%	-50.25%	44.15%	6.18%	163.46%	-209.87%	-55.55%
EBITDA Q/Q Growth	16.31%	21.25%	-189.65%	62.75%	-4.99%	-61.33%	4.82%	35.90%	-85.02%	35.45%
EBIT Q/Q Growth	15.26%	19.55%	-152.57%	58.20%	-5.59%	-54.16%	3.67%	32.04%	-80.00%	33.28%
NOPAT Q/Q Growth	21.36%	12.78%	1.85%	-6.90%	-33.55%	-13.82%	9.37%	22.64%	-80.00%	4.00%
Net Income Q/Q Growth	-0.18%	19.11%	-137.84%	-201.12%	145.64%	-49.75%	2.58%	-11.17%	26.74%	-9.75%
EPS Q/Q Growth	10.91%	27.63%	-137.50%	-180.00%	154.05%	-39.62%	14.52%	-6.90%	30.12%	-9.21%
Operating Cash Flow Q/Q Growth	6.98%	-28.61%	47.05%	-152.57%	40.42%	15.85%	22.41%	-129.86%	21.51%	25.46%
Free Cash Flow Firm Q/Q Growth	-21.10%	50.69%	225.41%	61.84%	15.92%	15.49%	21.96%	-134.70%	43.56%	5.08%
Invested Capital Q/Q Growth	-21.51%	-15.07%	-32.56%	-7.86%	-21.35%	-2.04%	10.83%	28.92%	-7.31%	14.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%	100.00%
EBITDA Margin	-131.56%	-308.19%	-15,141.13%	-2,114.92%	-1,558.41%	-738.57%	-659.92%	-736.20%	0.00%	-432.75%
Operating Margin	-147.22%	-367.01%	-16,279.79%	-6,710.47%	-1,723.28%	-642.01%	-813.14%	-952.61%	0.00%	-476.96%
EBIT Margin	-147.22%	-340.62%	-16,380.50%	-2,623.96%	-1,723.28%	-812.05%	-759.32%	-836.92%	0.00%	-476.96%
Profit (Net Income) Margin	-184.19%	-360.50%	-17,241.13%	-2,932.86%	796.18%	-868.06%	-835.62%	-910.74%	0.00%	-779.67%
Tax Burden Percent	60.66%	100.00%	100.00%	100.00%	-46.22%	100.00%	100.00%	99.82%	68.40%	152.73%
Interest Burden Percent	206.25%	105.83%	105.25%	111.77%	99.97%	106.90%	110.04%	109.01%	97.27%	107.03%
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)	-65.57%	-55.71%	-1,384.07%	-721.05%	-248.10%	-36.29%	-45.69%	-141.89%	0.00%	-253.56%
ROIC Less NNEP Spread (ROIC-NNEP)	-31.34%	-14.27%	-1,330.56%	-764.06%	-336.71%	52.68%	-27.89%	-128.72%	0.00%	-232.29%
Return on Net Nonoperating Assets (RNNOA)	15.43%	4.15%	402.65%	206.13%	150.99%	-11.79%	11.13%	63.20%	0.00%	149.98%
Return on Equity (ROE)	-50.15%	-51.56%	-981.42%	-514.92%	-97.11%	-48.08%	-34.55%	-78.69%	0.00%	-103.58%
Cash Return on Invested Capital (CROIC)	-136.94%	-103.00%	-96.37%	-113.69%	-145.54%	-138.84%	-149.92%	-201.19%	-158.72%	-169.12%
Operating Return on Assets (OROA)	-16.43%	-17.34%	-489.56%	-104.36%	-77.57%	-19.20%	-17.28%	-39.59%	0.00%	-65.91%
Return on Assets (ROA)	-20.55%	-18.36%	-515.28%	-116.64%	35.84%	-20.53%	-19.01%	-43.09%	0.00%	-107.74%
Return on Common Equity (ROCE)	-50.15%	-51.56%	-981.42%	-514.92%	-97.11%	-48.08%	-34.55%	-78.69%	0.00%	-103.58%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-92.10%	-116.37%	-60.87%	0.00%	-143.17%	-100.82%	-142.91%	0.00%	-91.48%
Net Operating Profit after Tax (NOPAT)	-22	-28	-32	-33	-31	-23	-20	-22	-29	-16
NOPAT Margin	-103.05%	-256.91%	-11,395.85%	-4,697.33%	-1,206.29%	-449.41%	-569.19%	-666.83%	0.00%	-333.87%
Net Nonoperating Expense Percent (NNEP)	-34.23%	-41.44%	-53.52%	43.01%	88.61%	-88.97%	-17.80%	-13.17%	2.82%	-21.27%
Return On Investment Capital (ROIC_SIMPLE)	-15.63%	-	-	-	-14.56%	-	-	-	-	-
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	79.89%	116.62%	3,991.84%	1,886.23%	477.51%	196.14%	349.94%	383.08%	0.00%	225.05%
R&D to Revenue	112.13%	240.54%	12,387.94%	4,924.25%	1,326.11%	545.88%	563.19%	669.53%	0.00%	352.61%
Operating Expenses to Revenue	247.22%	467.01%	16,379.79%	6,810.47%	1,803.62%	742.01%	913.14%	1,052.61%	0.00%	577.67%
Earnings before Interest and Taxes (EBIT)	-31	-37	-46	-18	-44	-41	-27	-28	-41	-23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-28	-34	-43	-15	-40	-38	-23	-25	-38	-21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.02	2.83	3.38	3.20	3.23	3.18	3.24	2.79	2.48	3.07
Price to Tangible Book Value (P/TBV)	7.10	2.86	3.42	3.23	3.26	3.25	3.27	2.83	2.51	3.10
Price to Revenue (P/Rev)	14.30	18.76	31.40	32.81	30.76	43.48	62.46	18.47	18.32	9.00
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)	14.32	5.48	5.15	4.93	5.17	3.13	3.88	2.86	3.59	4.49
Enterprise Value to Revenue (EV/Rev)	13.18	14.83	27.45	28.30	26.33	43.80	58.16	18.21	15.14	7.80
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	1.08	0.76	0.91	0.59	0.52	0.78	0.58	0.79	0.61	0.58
Long-Term Debt to Equity	1.08	0.76	0.91	0.59	0.52	0.78	0.58	0.79	0.61	0.58
Financial Leverage	-0.49	-0.29	-0.30	-0.27	-0.45	-0.22	-0.40	-0.49	-0.43	-0.65
Leverage Ratio	2.90	3.02	2.83	2.82	2.52	2.65	2.12	2.29	2.70	1.95
Compound Leverage Factor	5.97	3.20	2.98	3.15	2.52	2.83	2.33	2.50	2.63	2.08
Debt to Total Capital	51.91%	43.24%	47.59%	37.29%	34.29%	43.88%	36.68%	44.21%	37.72%	36.72%
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	51.91%	43.24%	47.59%	37.29%	34.29%	43.88%	36.68%	44.21%	37.72%	36.72%
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	48.09%	56.76%	52.41%	62.71%	65.71%	56.12%	63.32%	55.79%	62.28%	63.28%
Debt to EBITDA	-0.49	-0.45	-0.47	-0.53	-0.59	-0.59	-0.69	-0.64	-0.61	-0.97
Net Debt to EBITDA	0.25	0.35	0.22	0.39	0.53	-0.02	0.27	0.03	0.43	0.69
Long-Term Debt to EBITDA	-0.49	-0.45	-0.47	-0.53	-0.59	-0.59	-0.69	-0.64	-0.61	-0.97
Debt to NOPAT	-0.64	-0.59	-0.61	-0.68	-0.75	-0.76	-0.82	-0.86	-0.88	-1.23
Net Debt to NOPAT	0.32	0.46	0.29	0.50	0.67	-0.02	0.32	0.04	0.62	0.86
Long-Term Debt to NOPAT	-0.64	-0.59	-0.61	-0.68	-0.75	-0.76	-0.82	-0.86	-0.88	-1.23
Altman Z-Score	-2.21	-2.34	-2.65	-1.12	-1.01	-2.32	-1.10	-1.77	-1.30	-0.58
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	2.03	2.34	2.36	3.14	2.38	1.63	1.99	1.50	1.88	2.14
Quick Ratio	1.72	2.12	2.16	2.74	2.08	1.35	1.75	1.30	1.67	1.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	21	27	18	-14	-37	-44	-53	-67	-29	-51
Operating Cash Flow to CapEx	-1,911.00%	-3,427.67%	-1,463.96%	-2,189.57%	-480.10%	-685.02%	-583.16%	-434.54%	-191.56%	-207.03%
Free Cash Flow to Firm to Interest Expense	6.24	8.03	5.50	-4.39	-10.84	-13.16	-15.69	-22.04	-9.93	-26.91
Operating Cash Flow to Interest Expense	-6.82	-7.45	-5.98	-11.30	-4.22	-7.22	-8.65	-12.22	-5.62	-10.95
Operating Cash Flow Less CapEx to Interest Expense	-7.18	-7.67	-6.39	-11.82	-5.10	-8.28	-10.13	-15.03	-8.55	-16.25
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.05	0.03	0.04	0.05	0.02	0.02	0.05	0.05	0.14
Accounts Receivable Turnover	6.14	1.12	0.50	0.50	0.92	0.29	0.26	0.55	0.75	2.06
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	0.30	0.13	0.08	0.11	0.13	0.07	0.06	0.14	0.15	0.53
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)	59.47	324.79	726.49	725.34	395.68	1,251.39	1,386.34	661.56	489.13	176.80
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)	59.47	324.79	726.49	725.34	395.68	1,251.39	1,386.34	661.56	489.13	176.80
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	31	39	46	68	74	94	96	87	67	72
Invested Capital Turnover	0.64	0.22	0.12	0.15	0.21	0.08	0.08	0.21	0.24	0.76
Increase / (Decrease) in Invested Capital	-43	-55	-50	-18	6.77	22	32	45	0.00	35
Enterprise Value (EV)	439	214	237	336	382	294	372	248	241	326
Market Capitalization	476	271	271	390	446	292	400	252	292	376
Book Value per Share	$0.87	$1.48	$1.24	$1.90	$2.17	$1.54	$2.08	$1.85	$2.63	$2.74
Tangible Book Value per Share	$0.86	$1.46	$1.23	$1.88	$2.16	$1.51	$2.06	$1.83	$2.60	$2.71
Total Capital	141	169	153	194	210	164	195	162	189	194
Total Debt	73	73	73	72	72	72	72	72	71	71
Total Long-Term Debt	73	73	73	72	72	72	72	72	71	71
Net Debt	-37	-57	-34	-54	-64	2.15	-28	-3.60	-51	-50
Capital Expenditures (CapEx)	1.22	0.73	1.33	1.68	3.03	3.56	4.98	8.61	8.49	10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-41	-43	-36	-17	-37	-23	-21	-28	-43	-32
Debt-free Net Working Capital (DFNWC)	63	80	64	102	93	40	71	40	72	83
Net Working Capital (NWC)	63	80	64	102	93	40	71	40	72	83
Net Nonoperating Expense (NNE)	17	11	16	-12	-51	21	9.43	8.13	-1.43	21
Net Nonoperating Obligations (NNO)	-37	-57	-34	-54	-64	2.15	-28	-3.60	-51	-50
Total Depreciation and Amortization (D&A)	3.35	3.54	3.50	3.55	4.19	3.75	3.52	3.36	2.77	2.11
Debt-free, Cash-free Net Working Capital to Revenue	-122.97%	-299.73%	-419.97%	-146.89%	-255.04%	-347.29%	-334.77%	-208.55%	-271.66%	-76.67%
Debt-free Net Working Capital to Revenue	188.51%	551.90%	739.68%	856.61%	637.53%	595.23%	1,114.35%	296.43%	453.94%	197.87%
Net Working Capital to Revenue	188.51%	551.90%	739.68%	856.61%	637.53%	595.23%	1,114.35%	296.43%	453.94%	197.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.49)	($0.55)	($0.76)	($0.32)	$0.40	($0.74)	($0.53)	($0.62)	($0.58)	($0.83)
Adjusted Weighted Average Basic Shares Outstanding	69.82M	71.63M	64.38M	64.07M	56.49M	59.53M	55.35M	48.64M	45.18M	44.69M
Adjusted Diluted Earnings per Share	($0.49)	($0.55)	($0.76)	($0.32)	$0.40	($0.74)	($0.53)	($0.62)	($0.58)	($0.83)
Adjusted Weighted Average Diluted Shares Outstanding	69.82M	71.63M	64.38M	64.07M	56.49M	59.53M	55.35M	48.64M	45.18M	44.69M
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	78.85M	78.15M	64.90M	64.31M	64.22M	63.60M	59.54M	59.50M	0.00	44.73M
Normalized Net Operating Profit after Tax (NOPAT)	-22	-28	-32	-33	-31	-23	-20	-22	-29	-16
Normalized NOPAT Margin	-103.05%	-256.91%	-11,395.85%	-4,697.33%	-1,206.29%	-449.41%	-569.19%	-666.83%	0.00%	-333.87%
Pre Tax Income Margin	-303.63%	-360.50%	-17,241.13%	-2,932.86%	-1,722.69%	-868.06%	-835.59%	-912.36%	0.00%	-510.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-9.23	-11.07	-14.20	-5.63	-12.69	-12.26	-8.01	-9.12	-14.18	-12.06
NOPAT to Interest Expense	-6.46	-8.35	-9.88	-10.07	-8.88	-6.78	-6.01	-7.27	-9.93	-8.44
EBIT Less CapEx to Interest Expense	-9.59	-11.29	-14.60	-6.14	-13.56	-13.31	-9.49	-11.93	-17.11	-17.35
NOPAT Less CapEx to Interest Expense	-6.82	-8.57	-10.28	-10.59	-9.76	-7.84	-7.49	-10.08	-12.86	-13.73
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	-1.70%	0.00%	0.00%	0.00%	-7.64%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About MeiraGTx's Financials

When does MeiraGTx's fiscal year end?

According to the most recent income statement we have on file, MeiraGTx's financial year ends in December. Their financial 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. See MeiraGTx's forecast for analyst expectations on what’s next for the company.

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 5/22/2025 by MarketBeat.com Staff

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MeiraGTx (MGTX) Financials

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