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Other financials

Income statement

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Operating income-$70.0M-47.5%
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-57.1%

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:ResearchAndDevelopmentExpense.

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
Operating expenses
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)

Item 1. Financial Statements (Unaudited)

FAQ

What is MoonLake Immunotherapeutics's R&D?
MoonLake Immunotherapeutics (MLTX) reported R&D of $54.52M in Q1 2026.
How has MoonLake Immunotherapeutics's R&D changed year-over-year?
MoonLake Immunotherapeutics's R&D increased by 49.5% year-over-year, from $36.46M to $54.52M.
What is the long-term trend for MoonLake Immunotherapeutics's R&D?
Over 3 years (2022 to 2025), MoonLake Immunotherapeutics's R&D has grown at a 68.7% compound annual growth rate (CAGR), from $42.25M to $202.86M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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