MeiraGTx Holdings plc (MGTX) Income Statement
MGTX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMGTX revenue and net income
Where MGTX's revenue goes
2025Each bar shows an amount and its share of revenue. MGTX kept −140.3% of revenue as net income.
MGTX profit margins
MGTX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +144.6% | +72.3% | +39.2% | — |
| Gross profit | +706.8% | +68.8% | +37.5% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MGTX quarterly EPS vs estimates
MeiraGTx beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 12, 2026 (estimate $-0.46).
MGTX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $81.4M | $33.3M | $14.0M | $15.9M | $37.7M | $15.6M | $13.3M | $0 | $0 | $0 |
| Cost of revenue | $4.8M | $23.8M | $13.7M | $8.7M | $7.9M | $0 | $0 | $2.1M | $679,177 | $243,081 |
| Gross profit | $76.5M | $9.5M | $14.0M | $15.9M | $37.7M | $15.6M | $13.3M | −$2.1M | −$679,177 | −$243,081 |
| Research & development | $129.6M | $119.5M | $103.8M | $85.7M | $66.7M | $33.9M | $24.9M | $33.6M | $22.4M | $14.0M |
| Sales, general & admin | $52.9M | $54.2M | $47.3M | $46.5M | $43.8M | $44.2M | $46.7M | $44.5M | $9.3M | $6.0M |
| Total operating expenses | $182.5M | $173.7M | $151.1M | $132.3M | $110.5M | $78.1M | $71.6M | $78.1M | $31.7M | $20.1M |
| Operating income | −$106.0M | −$164.2M | −$137.1M | −$116.4M | −$72.8M | −$62.6M | −$58.3M | −$78.1M | −$31.7M | −$20.1M |
| Interest income | $1.8M | $4.1M | $2.2M | $777,000 | $212,000 | $1.3M | $370,603 | $53,408 | $26,073 | $32,068 |
| Interest expense | $12.2M | $13.3M | $13.2M | $4.9M | $288,000 | $139,203 | $48,612 | $33,429 | $42,863 | $25,440 |
| Income before taxes | −$114.2M | −$147.8M | −$84.0M | −$129.6M | −$79.6M | −$58.0M | −$54.7M | −$83.3M | −$31.0M | −$19.8M |
| Income taxes | — | — | $13.6M | $13.3M | −$7.6M | −$4.0M | −$2.2M | −$474,391 | −$510,637 | −$280,443 |
| Net income | −$114.2M | −$147.8M | −$84.0M | −$129.6M | −$79.6M | −$58.0M | −$54.7M | −$82.9M | −$31.0M | −$19.5M |
| EBITDA | −$89.5M | −$121.7M | −$57.1M | −$116.1M | −$71.4M | −$53.7M | −$52.5M | −$76.1M | −$31.0M | −$19.8M |
| EPS (diluted) | −$1.42 | −$2.58 | −$2.31 | −$2.89 | −$1.81 | −$1.54 | −$1.67 | −$4.39 | $0.02 | −$2.44 |
| Gross margin | 94.0% | 28.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | — | — | — |
| Operating margin | −130.2% | −493.4% | −977.8% | −730.9% | −193.0% | −401.9% | −438.4% | — | — | — |
| Net margin | −140.3% | −444.1% | −599.5% | −814.2% | −211.0% | −372.6% | −411.9% | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $321.4M | $293,000 | $75.4M | $410,000 | $3.7M | $1.9M | $21.4M | $10.9M | $282,000 | $697,000 | $2.0M | $5.1M |
| Cost of revenue | $7.2M | $3.2M | $476,000 | $313,000 | $2.7M | $1.4M | $11.8M | $12.0M | $3.2M | $3.3M | $3.9M | $3.5M |
| Gross profit | $314.3M | −$2.9M | $74.9M | $97,000 | $1.0M | $548,000 | $9.6M | −$1.1M | $282,000 | −$2.6M | −$1.9M | $5.1M |
| Research & development | $57.8M | $32.0M | $30.8M | $32.5M | $33.5M | $32.8M | $24.0M | $26.2M | $34.9M | $34.3M | $33.7M | $27.9M |
| Sales, general & admin | $12.0M | $8.9M | $17.6M | $13.6M | $12.3M | $9.4M | $17.1M | $12.7M | $11.3M | $13.1M | $12.1M | $10.0M |
| Total operating expenses | $69.8M | $37.9M | $48.4M | $46.1M | $45.8M | $42.1M | $41.1M | $39.0M | $46.2M | $44.2M | $41.9M | $37.9M |
| Operating income | $244.4M | −$40.8M | $26.5M | −$46.1M | −$44.8M | −$41.6M | −$31.5M | −$40.0M | −$45.9M | −$46.8M | −$43.8M | −$32.8M |
| Interest income | $706,000 | $189,000 | $278,000 | $161,000 | $408,000 | $971,000 | $1.0M | $1.2M | $827,000 | $1.1M | $549,000 | $523,000 |
| Interest expense | $3.5M | $2.8M | $3.1M | $3.1M | $3.0M | $3.0M | $3.4M | $3.4M | $3.3M | $3.2M | $3.4M | $3.4M |
| Income before taxes | $163.0M | −$46.3M | $15.1M | −$50.5M | −$38.8M | −$40.0M | −$39.4M | −$39.3M | −$48.6M | −$20.4M | $20.2M | −$44.3M |
| Income taxes | $2.4M | — | — | — | — | — | −$3.2M | — | — | $3.2M | −$8.4M | $3.4M |
| Net income | $160.7M | −$46.3M | $15.1M | −$50.5M | −$38.8M | −$40.0M | −$39.4M | −$39.3M | −$48.6M | −$20.4M | $20.2M | −$44.3M |
| EBITDA | $325.8M | −$40.5M | $21.3M | −$44.3M | −$32.6M | −$33.9M | −$33.1M | −$32.7M | −$42.1M | −$13.9M | $27.6M | −$37.4M |
| EPS (diluted) | $1.71 | −$0.57 | $0.19 | −$0.62 | −$0.48 | −$0.51 | −$0.50 | −$0.55 | −$0.76 | −$0.77 | −$0.42 | −$0.74 |
| Gross margin | 97.8% | −994.2% | 99.4% | 23.7% | 27.5% | 28.5% | 44.8% | −9.9% | 100.0% | −369.9% | −91.8% | 100.0% |
| Operating margin | 76.0% | −13,930.7% | 35.1% | −11,232.0% | −1,213.6% | −2,159.7% | −147.2% | −367.0% | −16,279.8% | −6,710.5% | −2,144.8% | −642.0% |
| Net margin | 50.0% | −15,806.5% | 20.0% | −12,320.2% | −1,051.1% | −2,075.9% | −184.2% | −360.5% | −17,241.1% | −2,932.9% | 990.9% | −868.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MGTX's financial statements (latest annual report filed March 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MGTX financial results
In fiscal year 2025 (ended December 31, 2025), MeiraGTx reported revenue of $81.4 million, up 144.6% from the year before. It had a net loss of $114.2 million, a net profit margin of −140.3%. Diluted earnings per share came to −$1.42. Over five years revenue grew at an average rate of 39.2% a year.
See the MGTX stock overview for the latest quote and news, or the MGTX chart for price history and technical indicators.
MGTX income statement FAQ
What is MeiraGTx's annual revenue?
MeiraGTx reported total revenue of $81.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 144.6% from $33.3 million the previous year.
Is MeiraGTx profitable?
No. MeiraGTx reported a net loss of $114.2 million in fiscal 2025, a net profit margin of −140.3%; its operating margin was −130.2%.
What is MeiraGTx's gross margin?
MeiraGTx's gross margin was 94.0% in fiscal 2025: for every $100 of revenue, MeiraGTx kept $94 after the direct cost of its products and services.
How much does MeiraGTx spend on research and development?
MeiraGTx spent $129.6 million on research and development in fiscal 2025, 159.3% of revenue.
How fast is MeiraGTx growing?
Revenue grew 39.2% a year on average over the last five fiscal years, from $15.6 million to $81.4 million.
What are MeiraGTx's earnings per share?
MeiraGTx earned $-1.42 per diluted share in fiscal 2025, compared with $-2.58 a year earlier.
When will MeiraGTx report its next earnings?
MeiraGTx is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 before the market opens.
When does MeiraGTx's fiscal year end?
MeiraGTx's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 30, 2026.