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Mineralys Therapeutics, Inc. MLYS Research and development expenses

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Other financials

Income statement

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Operating income-$45.3M-2.0%
Net income-$39.3M+6.8%
EPS (diluted)-$0.47+40.5%

Balance sheet

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Cash & equivalents$1.2M-14.6%
Total equity$638.1M+86.8%
Total assets$652.9M+83.9%

Cash flow

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Operating cash flow-$39.5M+13.2%
CapEx$15.0K
Free cash flow-$37.9M+43.3%

Valuation

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Market cap$2.41B+185%

Returns & leverage

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Return on equity-31%-9.6pp
Current ratio44.3×+17.8×

Where this comes from

Reported directly by Mineralys Therapeutics, Inc. in its filing.

Tagged under the XBRL concept mlys:AccruedResearchAndDevelopmentCostsCurrent.

The source filing: Mineralys Therapeutics, Inc.’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 5:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001933414-26-000084
Line itemMarch 31, 2026December 31, 2025
Research and development expenses$4,587$3,460
Compensation and benefits2,3125,540
Professional fees and other6,7034,096
Total$13,602$13,096

Item 1. Financial Statements

FAQ

What is Mineralys Therapeutics, Inc.'s research and development expenses?
Mineralys Therapeutics, Inc. (MLYS) reported research and development expenses of $4.59M in Q1 2026.
How has Mineralys Therapeutics, Inc.'s research and development expenses changed year-over-year?
Mineralys Therapeutics, Inc.'s research and development expenses decreased by 52.5% year-over-year, from $9.66M to $4.59M.
What is the long-term trend for Mineralys Therapeutics, Inc.'s research and development expenses?
Over 3 years (2022 to 2025), Mineralys Therapeutics, Inc.'s research and development expenses has grown at a -10.6% compound annual growth rate (CAGR), from $4.85M to $3.46M.
What does research and development expenses mean?
This represents liabilities incurred for research and development activities that have been performed but not yet invoiced or paid. It serves as a leading indicator of near-term cash outflows required to sustain ongoing clinical trials and drug development pipelines.

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