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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$1.55B-54.2%
Enterprise value$1.36B-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:ShareBasedCompensation.

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)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Net loss$(69,707)$(40,559)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization845378
Share-based compensation expense13,3552,290
Net periodic pension benefit gain (loss) for the qualified pension plan11(4)
Other non-cash items422124
Changes in operating assets and liabilities:
Other receivables(894)(146)

Item 1. Financial Statements (Unaudited)

FAQ

What is MoonLake Immunotherapeutics's stock-based comp?
MoonLake Immunotherapeutics (MLTX) reported stock-based comp of $13.36M in Q1 2026.
How has MoonLake Immunotherapeutics's stock-based comp changed year-over-year?
MoonLake Immunotherapeutics's stock-based comp increased by 483.2% year-over-year, from $2.29M to $13.36M.
What is the long-term trend for MoonLake Immunotherapeutics's stock-based comp?
Over 3 years (2022 to 2025), MoonLake Immunotherapeutics's stock-based comp has grown at a 10.1% compound annual growth rate (CAGR), from $9.65M to $12.9M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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