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Madrigal Pharmaceuticals, Inc. MDGL Total Operating Expenses

Total Operating Expenses at other companies

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$215M+33.1%

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:OperatingExpenses.

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 total operating expenses?
Madrigal Pharmaceuticals, Inc. (MDGL) reported total operating expenses of $404.06M in Q1 2026.
How has Madrigal Pharmaceuticals, Inc.'s total operating expenses changed year-over-year?
Madrigal Pharmaceuticals, Inc.'s total operating expenses increased by 86.6% year-over-year, from $216.56M to $404.06M.
What is the long-term trend for Madrigal Pharmaceuticals, Inc.'s total operating expenses?
Over 4 years (2021 to 2025), Madrigal Pharmaceuticals, Inc.'s total operating expenses has grown at a 50.9% compound annual growth rate (CAGR), from $242.48M to $1.26B.
What does total operating expenses mean?
The total cost of operating the business, excluding non-operating items like interest.
How do you interpret total operating expenses?
An increase reflects higher operational investment or cost inflation, while a decrease indicates improved cost management or reduced operational activity.
How does total operating expenses compare across companies?
Operating expense ratios are frequently compared across the industry to assess management's ability to control overhead relative to clinical and commercial progress.