earnings
confidence high
sentiment positive
materiality 0.85
Madrigal Q1 Rezdiffra net sales $311.3M (+127% YoY); pipeline expanded with siRNA deal
MADRIGAL PHARMACEUTICALS, INC.
2026-Q1 EPS reported
-$3.25
revenue$311,337,000
- Q1 2026 Rezdiffra net sales $311.3M, up 127% YoY from $137.3M; over 42,250 patients on therapy, 2.5x vs Q1 2025.
- Licensed ARO-PNPLA3 from Arrowhead; clinical-stage siRNA targeting PNPLA3 mutation in MASH (≈30% of F2/F3 patients).
- Net loss $94.4M ($3.25/share) vs $73.2M ($2.61) prior year; includes $54.3M one-time upfront BD expenses.
- Cash $817.9M at Mar 31 (down from $988.6M Dec 31); MGL-2086 Phase 1 on track for Q2 2026.
- Operating expenses $404.1M (incl $34M stock comp) vs $216.6M; SG&A up due to commercial investment.