Madrigal Pharmaceuticals Inc
NASDAQ: MDGL · HEALTHCARE · BIOTECHNOLOGY
Updated 2026-06-12
Madrigal Pharmaceuticals Inc (MDGL) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | — | $-57.27M | — | — | — |
| 2007 | $743000.00 | $-63.49M | 100.00% | -8,911.98% | -8,545.76% |
| 2008 | $2.62M | $-92.62M | 100.00% | -3,583.48% | -3,541.80% |
| 2009 | $144.25M | $79.09M | 100.00% | 55.84% | 54.83% |
| 2010 | $14.80M | $-37.47M | 100.00% | -249.26% | -253.10% |
| 2011 | $7.58M | $-47.38M | 80.70% | -599.05% | -624.74% |
| 2012 | $147000.00 | $-62.79M | -502.04% | -41,556.46% | -42,714.29% |
| 2013 | $0.00 | $-90.19M | — | — | — |
| 2014 | $0.00 | $-86.16M | — | — | — |
| 2015 | $0.00 | $-6.84M | — | — | — |
| 2016 | $0.00 | $-26.39M | — | — | — |
| 2017 | $350000.00 | $-31.15M | 100.00% | -9,160.57% | -8,901.14% |
| 2018 | $200000.00 | $-32.81M | 100.00% | -20,341.00% | -16,405.50% |
| 2019 | $0.00 | $-72.81M | — | — | — |
| 2020 | $21864.00 | $-197.44M | 100.00% | -945,266.19% | -903,055.25% |
| 2021 | $37318.00 | $-241.08M | 731.55% | -649,772.23% | -646,009.97% |
| 2022 | $0.00 | $-295.35M | — | — | — |
| 2023 | $0.00 | $-373.63M | — | — | — |
| 2024 | $180.13M | $-465.89M | 96.54% | -276.39% | -258.64% |
| 2025 | $958.40M | $-288.28M | 94.14% | -31.31% | -30.08% |
Frequently asked questions
What is Madrigal Pharmaceuticals Inc's revenue?
Madrigal Pharmaceuticals Inc's trailing twelve-month revenue is $1.13B, and consensus projects about $6.38B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MDGL?
In its most recent fiscal year, MDGL ran a gross margin of 94.14%, an operating margin of -31.31%, and a net margin of -30.08%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MDGL generate?
MDGL produced $-190.02M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MDGL's balance sheet healthy?
MDGL holds $198.69M in cash and equivalents against $339.88M in long-term debt, on $602.69M of shareholder equity. That debt is best read against the cash flow the business throws off each year.