| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 227,033 | 198,693 | 295,694 | 186,193 |
| Restricted cash | 5,155 | 5,090 | 5,000 | 5,000 |
| Marketable securities | 585,738 | 784,866 | 814,055 | 610,831 |
| Trade receivables, net | 187,356 | 134,476 | 113,285 | 79,231 |
| Inventory | 112,070 | 74,841 | 69,317 | 63,497 |
| Prepaid expenses and other current assets | 64,955 | 47,804 | 49,329 | 58,604 |
| Total current assets | 1,182,307 | 1,245,770 | 1,346,680 | 1,003,356 |
| Property and equipment, net | 8,035 | 1,499 | 2,913 | 1,615 |
| Intangible assets, net | 7,284 | 7,381 | 7,477 | 4,548 |
| Operating lease right-of-use assets | 6,203 | 4,939 | 5,387 | 5,862 |
| Other noncurrent assets | 23,498 | NaN | NaN | NaN |
| Total assets | 1,227,327 | 1,259,589 | 1,362,457 | 1,015,381 |
| Accounts payable | 60,801 | 48,878 | 44,941 | 37,975 |
| Accrued liabilities | 275,761 | 260,392 | 345,382 | 157,479 |
| Operating lease liabilities | 1,697 | 1,018 | 1,083 | 1,049 |
| Total current liabilities | 338,259 | 310,288 | 391,406 | 196,503 |
| Loan payable, net of discount | 340,330 | 339,881 | 339,753 | 118,376 |
| Operating lease liabilities, net of current portion | 5,284 | 6,731 | 5,566 | 4,524 |
| Total long term liabilities | 345,614 | 346,612 | 345,319 | 122,900 |
| Total liabilities | 683,873 | 656,900 | 736,725 | 319,403 |
| Common stock, par value 0.0001 per share authorized 200,000,000 shares at march31, 2026 and december31, 2025 23,041,918 and 22,842,073 shares issued and outstanding at march31, 2026 and december31, 2025, respectively | 2 | 2 | 2 | 2 |
| Additional paid-in-capital | 2,727,227 | 2,692,280 | 2,656,553 | 2,612,566 |
| Accumulated other comprehensive income | 1,082 | 873 | 1,068 | 1,111 |
| Accumulated deficit | -2,184,857 | -2,090,466 | -2,031,891 | -1,917,701 |
| Total stockholders equity | 543,454 | 602,689 | 625,732 | 695,978 |
| Total liabilities and stockholders equity | 1,227,327 | 1,259,589 | 1,362,457 | 1,015,381 |
MADRIGAL PHARMACEUTICALS, INC. (MDGL)
MADRIGAL PHARMACEUTICALS, INC. (MDGL)