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Madrigal Pharmaceuticals, Inc. MDGL Research and development expense

Research and development expense at other companies

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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:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

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 research and development expense?
Madrigal Pharmaceuticals, Inc. (MDGL) reported research and development expense of $108.69M in Q1 2026.
How has Madrigal Pharmaceuticals, Inc.'s research and development expense changed year-over-year?
Madrigal Pharmaceuticals, Inc.'s research and development expense increased by 146.1% year-over-year, from $44.17M to $108.69M.
What is the long-term trend for Madrigal Pharmaceuticals, Inc.'s research and development expense?
Over 4 years (2021 to 2025), Madrigal Pharmaceuticals, Inc.'s research and development expense has grown at a 17.3% compound annual growth rate (CAGR), from $205.16M to $388.53M.