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Madrigal Pharmaceuticals, Inc. MDGL Business Segments — Professional Fees

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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:ProfessionalFees.

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
Facility related and other internal expenses(1)(1,486)(1,656)(2,669)(2,781)
Selling, general and administrative:
Compensation and benefit-related expenses(80,321)(52,504)(163,926)(100,865)
Stock-based compensation(28,382)(19,805)(54,439)(35,521)
Professional fees and other external expenses(148,996)(109,841)(280,248)(197,855)
Facility related and other internal expenses(1)(31,676)(14,708)(59,283)(30,493)
Other segment (expense) income(2)(1,631)4,921(3,299)10,994
Net loss$(57,939)$(42,281)$(152,330)$(115,519)

Item 1. Financial Statements (Unaudited):

FAQ

What is Madrigal Pharmaceuticals, Inc.'s business segments — professional fees?
Madrigal Pharmaceuticals, Inc. (MDGL) reported business segments — professional fees of $149M in Q2 2026.
What does business segments — professional fees mean?
This includes payments to third-party consultants, legal counsel, auditors, and other external service providers. These expenses are often variable and reflect the company's reliance on external expertise for specialized projects.

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