What is Madrigal Pharmaceuticals, Inc.'s work in process?

Madrigal Pharmaceuticals, Inc. (MDGL) reported work in process of $106.26M in Q1 2026.

How has Madrigal Pharmaceuticals, Inc.'s work in process changed year-over-year?

Madrigal Pharmaceuticals, Inc.'s work in process increased by 108.5% year-over-year, from $50.97M to $106.26M.

Madrigal Pharmaceuticals, Inc. MDGL Work in process

Work in process at other companies

Eli LillyLLY

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Other financials

Income statement

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Revenue$311.3M+127%

Gross profit$43.5M—

Operating income-$92.7M-16.9%

Net income-$94.4M-28.9%

EPS (diluted)-$3.25-24.5%

Balance sheet

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Cash & equivalents$232.2M+23.1%

Total debt$377.3M+187%

Total equity$543.5M-23.5%

Total assets$1.2B+23.1%

Cash flow

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Operating cash flow-$167.4M-88.4%

CapEx$3.8M—

Free cash flow-$171.3M-92.7%

Valuation

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Market cap$11.66B+64.2%

Enterprise value$11.81B+67.5%

P/S10.3×-12.1×

Profitability

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Gross margin96.5%—

Operating margin-27.7%-12.2pp

Net margin-27.3%-12.0pp

FCF margin-59.8%-29.6pp

Returns & leverage

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Return on equity-49.3%-0.8pp

Debt / equity0.7×+0.5×

Current ratio3.5×-2.4×

Where this comes from

Reported directly by Madrigal Pharmaceuticals, Inc. in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Madrigal Pharmaceuticals, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Madrigal Pharmaceuticals, Inc.'s work in process?: Madrigal Pharmaceuticals, Inc. (MDGL) reported work in process of $106.26M in Q1 2026.
How has Madrigal Pharmaceuticals, Inc.'s work in process changed year-over-year?: Madrigal Pharmaceuticals, Inc.'s work in process increased by 108.5% year-over-year, from $50.97M to $106.26M.