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Madrigal Pharmaceuticals, Inc. (MDGL) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Healthcare · Biotechnology · DATA UPDATED 2026-07-09

Madrigal Pharmaceuticals, Inc. (MDGL) operates in the Biotechnology industry and is headquartered in West Conshohocken, United States with about 915 employees. Its market capitalization is roughly $13 billion. In the fiscal year ended 2025-12-31, MDGL reported $958M in revenue and ($288M) in net income.

Madrigal Pharmaceuticals, Inc., a biopharmaceutical company, focuses on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH) in the United States. It offers Rezdiffra, a liver-directed thyroid hormone receptor beta agonist for treating MASH.

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MDGL Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$958M$180M$0M$0M
Gross Profit$902M$174M$0M$0M
Operating Income (EBIT)($300M)($498M)($380M)($294M)
Net Income($288M)($466M)($374M)($295M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MDGL Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-31
Total Revenue$311M$321M$287M$213M$137M
Gross Profit$284M$297M$269M$204M$133M
Operating Income (EBIT)($93M)($60M)($114M)($47M)($79M)
Net Income($94M)($59M)($114M)($42M)($73M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MDGL Free Cash Flow History

MDGL Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$1.3B$1.0B$640M$363M
Total Liabilities$657M$288M$235M$165M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MDGL viewer.

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