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Madrigal Pharmaceuticals, Inc. MDGL Business Segments — Product revenue, net

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Other financials

Income statement

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Revenue$364.3M+71.2%
Gross profit$43.5M
Operating income-$56.3M-19.3%
Net income-$57.9M-37.0%
EPS (diluted)-$1.99-4.7%

Balance sheet

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Cash & equivalents$292.9M+53.2%
Total debt$377.9M+179%
Total equity$523.7M-24.7%
Total assets$1.2B+22.6%

Cash flow

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Operating cash flow-$167.4M-88.4%
CapEx$4.3M
Free cash flow-$171.3M-92.7%

Valuation

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Market cap$11.88B+57.6%
Enterprise value$11.96B+59.9%
P/S9.3×-5.4×

Profitability

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Gross margin96.5%
Operating margin-25.1%-9.2pp
Net margin-25.3%-8.8pp
FCF margin-59.8%-29.6pp

Returns & leverage

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Return on equity-53.3%+47.0pp
Debt / equity0.7×+0.5×
Current ratio3.2×-1.9×

Where this comes from

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

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Madrigal Pharmaceuticals, Inc.’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 9:06 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050845
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Product revenue, net$364,252$212,802$675,589$350,052
Cost of sales(40,007)(9,065)(66,854)(13,578)
Research and development:
Compensation and benefit-related expenses(14,991)(8,469)(30,088)(17,504)
Stock-based compensation(6,860)(5,354)(14,725)(10,569)
Professional fees and other external expenses(67,841)(38,602)(152,388)(67,399)
Facility related and other internal expenses(1)(1,486)(1,656)(2,669)(2,781)
Selling, general and administrative:

Item 1. Financial Statements (Unaudited):

FAQ

What is Madrigal Pharmaceuticals, Inc.'s business segments — product revenue, net?
Madrigal Pharmaceuticals, Inc. (MDGL) reported business segments — product revenue, net of $364.25M in Q2 2026.
How has Madrigal Pharmaceuticals, Inc.'s business segments — product revenue, net changed year-over-year?
Madrigal Pharmaceuticals, Inc.'s business segments — product revenue, net increased by 71.2% year-over-year, from $212.8M to $364.25M.
What does business segments — product revenue, net mean?
This represents the total revenue generated from the sale of pharmaceutical products after accounting for returns, allowances, and rebates. It serves as the primary indicator of market adoption and commercial success for the company's therapeutic offerings.

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