10-Q quarterly report · filed Jul 30, 2026

MADRIGAL PHARMACEUTICALS, INC. (MDGL) Q2 2026 10-Q Quarterly Report

Short answer

MADRIGAL PHARMACEUTICALS, INC. (MDGL) filed its Q2 2026 10-Q quarterly report on Jul 30, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $364M (up 71.2% year over year) with net income of −$58M.

Q2 2026 key financials · XBRL

Revenue
$364M
+71.2% YoY · +17.0% QoQ
Net income
−$58M
−37.0% YoY · +38.6% QoQ
Operating margin
-15.5%
EPS (diluted)
−$1.99
−4.7% YoY · +38.8% QoQ

Source: XBRL data from the MADRIGAL PHARMACEUTICALS, INC. (MDGL) Q2 2026 10-Q on SEC EDGAR. USD.

MADRIGAL PHARMACEUTICALS, INC. Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Product revenue $364.3M, up 71% YoY from $212.8M, driven by increased U.S. Rezdiffra demand
  • Net loss $57.9M vs $42.3M; operating loss $56.3M vs $47.2M
  • Cost of sales $40.0M, up 341%, including $10.4M work-in-process inventory write-down
  • Near-term outlook: European launches dependent on reimbursement procedures and regulatory approvals; outcomes data expected in 2027 and 2028

Risk Factors

  • Newly adopted CEO Rule 10b5-1 plan, triggered June 5, 2026
  • Executive share-sale risk, plan covering maximum 6,706 shares through September 30, 2027
  • Financing compliance risk, third amendment with Blue Owl Capital Corporation and LSI Financing LLC dated May 4, 2026
  • Equity dilution risk, 2026 Stock Plan and Employee Stock Purchase Plan filed June 17, 2026

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

Other MADRIGAL PHARMACEUTICALS, INC. quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.