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Discontinued — last reported Q1 '26

Net debt at other companies

Cleveland-Cliffs logo
Cleveland-CliffsCLF
40×
Armstrong World Industries logo
Armstrong World IndustriesAWI
0.9×-0.1×
LAD
Lithia MotorsLAD
0.4×0.0×
Albertsons Companies logo
Albertsons CompaniesACI
4.1×+0.4×
Pilgrim's Pride Corporation logo
Pilgrim's Pride CorporationPPC
1.5×+0.9×
ESAB logo
ESABESAB
2.3×+0.7×

Other financials

Income statement

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Revenue$56.4M+99.0%
Operating income-$3.6M+81.1%
Net income$3.8M+132%
EPS (diluted)$0.05+126%

Balance sheet

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Cash & equivalents$193.7M+38.7%
Total debt$9.8M-13.9%
Total equity$655.5M-4.9%
Total assets$697.5M-6.0%

Cash flow

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Operating cash flow-$48.9M-139%
CapEx$215.0K-60.6%
Free cash flow-$49.2M-139%

Valuation

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Market cap$7.26B+127%
Enterprise value$7.07B+130%
P/S98×+82.6×

Profitability

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Operating margin-192.4%-205pp
Net margin-154.9%-182pp
FCF margin-12,264.3%-12,527pp

Returns & leverage

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Return on equity-17.1%-26.1pp
Debt / equity0.0×
Current ratio17.8×+0.5×

Where this comes from

Calculated from Protagonist Therapeutics’s reported figures.

The official record: Protagonist Therapeutics’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Protagonist Therapeutics's net debt?
Protagonist Therapeutics (PTGX) reported net debt of -$183.94M in Q1 2026.
How has Protagonist Therapeutics's net debt changed year-over-year?
Protagonist Therapeutics's net debt decreased by 43.4% year-over-year, from -$128.29M to -$183.94M.
What is the long-term trend for Protagonist Therapeutics's net debt?
Over 5 years (2020 to 2025), Protagonist Therapeutics's net debt has grown at a 1.2% compound annual growth rate (CAGR), from -$111.4M to -$118.07M.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.