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MeiraGTx Holdings cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$38.9M in Q2 2026 · $10.5M over twelve months

Operating cash flow−$38.5M
Capital spending−$332K
Free cash flow−$38.9M
Cash / net income-0.2×

Analysis

In Q2 2026, MeiraGTx Holdings generated −$38.5M of operating cash flow and spent $332K on capital projects, leaving free cash flow of −$38.9M. That is $6.3M more than in Q2 2025 (−$45.2M).

Over the twelve months to Jun 30, 2026, operating cash flow was $13.7M; the largest uses were other investing ($24.3M), taxes on employees’ shares ($6.2M), capital spending ($3.2M); besides operations, cash came from shares issued ($134M), other financing ($665K); the cash balance rose by $111M.

Operating cash flow was −$38.5M against net income of $161M — -0.2× profit, less cash than reported earnings, worth checking against working capital. The largest differences: other liabilities −$95.2M, prepaid and other assets −$24.9M, payables −$7.3M.

Free cash flow

MeiraGTx Holdings: free cash flow by quarterMeiraGTx Holdings: free cash flow by quarter−$25.8MQ3 2024−$24.5MQ4 2024−$38.5MQ1 2025−$45.2MQ2 2025−$12.8MQ3 2025$46.4MQ4 2025$15.8MQ1 2026−$38.9MQ2 2026
Operating cash flow less capital spending.
MeiraGTx Holdings: operating cash flow against capital spendingMeiraGTx Holdings: operating cash flow against capital spendingOperating cash flowCapital spending−$25.0M$730KQ3 2024−$23.3M$1.2MQ4 2024−$36.8M$1.7MQ1 2025−$43.9M$1.2MQ2 2025−$12.2M$610KQ3 2025$46.6M$272KQ4 2025$17.8M$2.0MQ1 2026−$38.5M$332KQ2 2026
Latest (Q2 2026): Operating cash flow −$38.5M, Capital spending $332K.

Capital allocation, year by year

MeiraGTx Holdings: where the cash came from (up) and went (down), by fiscal yearMeiraGTx Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY2021: Operating cash flow −$10.5MFY2021: Net borrowing −$1KFY2021: Shares issued $1.7MFY2021: Capital spending −$46.4M$1.7MFY2021FY2022: Operating cash flow −$73.1MFY2022: Net borrowing $75.0MFY2022: Shares issued $25.2MFY2022: Capital spending −$45.0M$100MFY2022FY2023: Operating cash flow −$105MFY2023: Shares issued $92.0MFY2023: Capital spending −$20.2M$92.0MFY2023FY2024: Operating cash flow −$104MFY2024: Shares issued $59.4MFY2024: Capital spending −$5.0M$59.4MFY2024FY2025: Operating cash flow −$46.4MFY2025: Net borrowing −$29KFY2025: Shares issued $15.3MFY2025: Asset sales $129KFY2025: Capital spending −$3.8M$15.5MFY2025
Over these 5 years operating cash flow totalled −$340M; the largest uses were operating cash flow ($340M) and capital spending ($120M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$143M
Debtnone
Net cash$143M
Cash runway11 months

MeiraGTx Holdings is burning cash: its operations consume cash, a free cash flow of −$155M a year at the current rate against $143M of cash and investments: a runway of about 11 months before any new financing.

Where the cash came from and went

MeiraGTx Holdings: sources (+) and uses (−) of cash, Q2 2026MeiraGTx Holdings: sources (+) and uses (−) of cash, Q2 2026Shares issued$115MCash drawn (+) / kept (−)−$71.6MOperating cash flow−$38.5MOther investing−$23.3MOther financing$19.0MCapital spending−$332KExchange rates−$114KNet borrowing (+) / repaid (−)−$15K
MeiraGTx Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026MeiraGTx Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Shares issued$134MCash drawn (+) / kept (−)−$111MOther investing−$24.3MOperating cash flow$13.7MTaxes on employees’ shares−$6.2MExchange rates−$4.1MCapital spending−$3.2MOther financing$665K

From profit to cash

MeiraGTx Holdings: net income to operating cash flow, Q2 2026MeiraGTx Holdings: net income to operating cash flow, Q2 2026Net income$161MDepreciation & amortization$2.8MStock-based pay$3.8MGains on disposals−$9KPayables−$7.3MAccrued liabilities−$2.9MPrepaid and other assets−$24.9MOther liabilities−$95.2MOperating cash flow−$38.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$38.5M−$332K—−$15K$115M−$71.6M−$38.9M
Q1 2026$17.8M−$2.0M−$18.2M−$14K$14.1M−$5.6M$15.8M
Q4 2025$46.6M−$272K——$5.4M−$51.1M$46.4M
Q3 2025−$12.2M−$610K——$11K$17.3M−$12.8M
Q2 2025−$43.9M−$1.2M——$5.5M$34.2M−$45.2M
Q1 2025−$36.8M−$1.7M——$4.5M$37.1M−$38.5M
Q4 2024−$23.3M−$1.2M——$4.3M$19.4M−$24.5M
Q3 2024−$25.0M−$730K——$51.9M−$24.0M−$25.8M

MeiraGTx Holdings: income statement and cash flow

MeiraGTx Holdings, Q2 2026: revenue $321M (87× year over year), operating margin 76.0%. The chart follows the revenue to costs, profit and cash.

MeiraGTx Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.