Filing Flows › MeiraGTx Holdings (MGTX) › Q4 2025
MeiraGTx Holdings (MGTX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 30, 2026
MeiraGTx Holdings (MGTX) reported revenue of $75.4M for the fourth quarter 2025 (Q4 2025), +252% from a year earlier and up 184-fold from the quarter before. Operating margin was 35.1%, net earnings $15.1M (20.0% of revenue).
MeiraGTx Holdings, Q4 2025: revenue $75.4M (+252% year over year), operating margin 35.1%, net earnings $15.1M, operating cash flow $46.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $75.4M | 184× | +252% |
| Operating profit | $26.5M | — | — |
| Net earnings | $15.1M | — | — |
| Operating cash flow | $46.6M | — | — |
| Free cash flow | $46.4M | — | — |
What changed
Revenue was $75.4M in Q4 2025, up 252% year over year and up 18281% from the previous quarter.
Operating profit was $26.5M, a 35.1% margin (up 182.3 points year over year). Total costs fell 8% while revenue rose 252%. The fastest-growing cost line was Research & development (+28%). Net earnings were $15.1M. The effective tax rate was 0.0%.
Operating cash flow was $46.6M, 309% of net earnings. Non-cash charges added back $3.1M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items added $22.8M. Capital expenditures of $272K left free cash flow of $46.4M.
Questions
What was MeiraGTx Holdings' revenue in the fourth quarter 2025?
MeiraGTx Holdings (MGTX) reported revenue of $75.4M for the fourth quarter 2025 (Q4 2025), +252% from a year earlier and up 184-fold from the quarter before.
Was MeiraGTx Holdings profitable in the fourth quarter 2025?
Operating profit was $26.5M (35.1% of revenue) and net earnings $15.1M.
Source: MeiraGTx Holdings 10-K on SEC EDGAR.