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MeiraGTx Holdings (MGTX) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 14, 2025

MeiraGTx Holdings (MGTX) reported revenue of $3.7M for the second quarter 2025 (Q2 2025), up 13-fold from a year earlier and +92% from the quarter before.

Revenue$3.7M
Year over year13×
Quarter over quarter+92%
Operating margin—
Net earnings−$38.8M

MeiraGTx Holdings, Q2 2025: revenue $3.7M (13× year over year), net loss $38.8M, operating cash flow −$43.9M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$3.7M+92%13×
Operating profit−$44.8M——
Net earnings−$38.8M——
Operating cash flow−$43.9M——

What changed

Revenue was $3.7M in Q2 2025, up 1209% year over year and up 92% from the previous quarter.

Operating costs exceeded revenue by $44.8M, an operating margin of -1213.6%. Total costs grew 5% against revenue growth of 1209%. The quarter ended with a net loss of $38.8M, narrower than the previous quarter's $40.0M loss.

Operating cash flow was −$43.9M. Non-cash charges added back $3.2M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $14.0M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$45.2M.

Questions

What was MeiraGTx Holdings' revenue in the second quarter 2025?

MeiraGTx Holdings (MGTX) reported revenue of $3.7M for the second quarter 2025 (Q2 2025), up 13-fold from a year earlier and +92% from the quarter before.

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Source: MeiraGTx Holdings 10-Q on SEC EDGAR.