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Filing Flows › Macrogenics (MGNX) › Q1 2026 › vs Q4 2025

Macrogenics (MGNX) Q1 2026 vs Q4 2025 (quarter over quarter)

Macrogenics's revenue fell $20.5M (-50%) from $41.2M in Q4 2025 to $20.8M in Q1 2026.

Macrogenics, Q1 2026: revenue $20.8M (+58% year over year), operating margin -161.0%, net loss $36.8M, operating cash flow −$35.8M. The chart draws each line against Q4 2025, the increases inside each band.

Macrogenics: what changed, Q1 2026 vs Q4 2025Macrogenics: what changed, Q1 2026 vs Q4 2025Cash used in operations$78.8MOperating cash sources$78.8MWorking capital & other$56.2MNet loss$22.6MNet loss absorbed$22.6MCosts & expenses$1.4MResearch & development$1.0MOperating costs$890KOther operating costs−$585KInterest & other, net$500K

Every line

LineQ1 2026Q4 2025Change%
Revenue$20.8M$41.2M−$20.5M-50%
Net loss$36.8M$14.2M$22.6M+160%
Costs & expenses$57.5M$56.2M$1.4M+2%
Operating costs$54.2M$53.3M$890K+2%
Interest & other, net$3.3M$2.8M$500K+18%
Research & development$35.0M$34.0M$1.0M+3%
General & admin$9.7M$9.2M$475K+5%
Other operating costs$9.5M$10.1M−$585K-6%
Operating cash sources$40.1M−$38.7M$78.8M—
Depreciation & amortization$1.7M$1.7M−$18K-1%
Share-based compensation$2.6M$2.7M−$15K-0.6%
Cash used in operations$35.8M−$43.0M$78.8M—
Net loss absorbed$36.8M$14.2M$22.6M+160%
Working capital & other$3.4M−$52.8M$56.2M—

Questions

How much did Macrogenics's revenue grow quarter over quarter in Q1 2026?

Macrogenics's revenue fell $20.5M (-50%) from $41.2M in Q4 2025 to $20.8M in Q1 2026.

Q1 2026 results → · Compare in the interactive Sankey →