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Discontinued — last reported Q1 '26

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Other financials

Income statement

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Net income-$69.7M-74.5%
EPS (diluted)-$0.98-55.6%

Balance sheet

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Cash & equivalents$298.5M+9.9%
Total debt$100.8M+33.3%
Total equity$254.0M-37.7%
Total assets$400.4M-21.7%

Cash flow

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Operating cash flow-$66.3M-73.8%
CapEx--100%
Free cash flow-$66.3M-73.6%

Valuation

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Market cap$1.53B-54.2%
Enterprise value$1.34B-57.2%

Returns & leverage

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Return on equity-77.7%-221pp
Debt / equity0.4×+0.2×
Current ratio8.6×-12.5×

Where this comes from

Reported directly by MoonLake Immunotherapeutics in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: MoonLake Immunotherapeutics’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 8:55 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001821586-26-000007
(in thousands, except share and per share data)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Research and development$(54,515)$(36,459)
General and administrative(15,509)(11,026)
Total operating expenses(70,024)(47,485)
Operating loss(70,024)(47,485)
Interest expense(2,269)(18)
Other income, net3,2087,097
Loss before income tax(69,085)(40,406)
Income tax expense(622)(153)

Item 1. Financial Statements (Unaudited)

FAQ

What is MoonLake Immunotherapeutics's operating income?
MoonLake Immunotherapeutics (MLTX) reported operating income of -$70.02M in Q1 2026.
How has MoonLake Immunotherapeutics's operating income changed year-over-year?
MoonLake Immunotherapeutics's operating income decreased by 47.5% year-over-year, from -$47.49M to -$70.02M.
What is the long-term trend for MoonLake Immunotherapeutics's operating income?
Over 4 years (2021 to 2025), MoonLake Immunotherapeutics's operating income has grown at a 27.5% compound annual growth rate (CAGR), from -$92.62M to -$244.84M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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