The Tip Desk

MADRIGAL PHARMACEUTICALS, INC.

Financial highlights

Amounts in millions
MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$958.4$180.1$0.0$0.0$0.0
Operating income-$300.1-$497.9-$380.5-$293.6-$242.5
Net income-$288.3-$465.9-$373.6-$295.4-$241.8
Balance Sheet
Total debt$485.8$143.5$145.8——
Cash Flow Statement
Free cash flow-$190.0-$457.0-$325.7-$225.1-$184.1

Shares outstanding 23.1M · Free float 81.8%

Annual filing data through FY ended December 31, 2025; float as of September 26, 2026.

Earnings

Other Coverage