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MeiraGTx Holdings plc MGTX R2K

Healthcare · Biotechnology · United States
https://www.meiragtx.com

MeiraGTx Holdings plc, a clinical-stage genetic medicines company, focusing on developing treatments for patients with serious diseases. The company develops various therapies for ocular diseases, including inherited retinal diseases and large degenerative ocular diseases; neurodegenerative diseases; and xerostomia. It is also develops AAV-AQP1 for radiation-induced grade 2/3 radiation-induced xerostomia, as well as for Sjogren's syndrome; AAV-GAD in Phase 2 trial for Parkinson's disease; AAV-RPE65 in Phase 2 trial for RPE65-associated retinal dystrophy; and AAV-CNGB3 and AAV-CNGA3, which are both in Phase ½ clinical trial for achromatopsia, as well as offers AAV-AIPL1 for Leber congenital amaurosis (LCA) 4. In addition, the company's products under preclinical development include AAV-RDH12 for retinol dehydrogenase 12 mutation-associated retinal dystrophy; AAV-BBS10 for Bardet-Biedl syndrome (BBS) due to BBS10 mutations; AAV-RetGC for LCA type 1; and AAV-UPF1 for amyotrophic lateral sclerosis, as well as programs for Alzheimer's disease, and wet and dry neovascular age related macular degeneration. Further, it provides riboswitch platform for the delivery of metabolic peptides; and cell therapies for oncology, autoimmune disease, and long term intractable pain. The company has collaborations with Johnson & Johnson Innovative Medicine for the research, development, and commercialization of gene therapies for the treatment of inherited retinal disease; and Hologen Limited for the research, development, manufacture, and commercialization of AAV-GAD investigational gene therapy for the treatment of Parkinson's disease, AAV-BDNF investigational gene therapy for genetic obesity disorders, and other genetic medicines to the central nervous system. MeiraGTx Holdings plc was founded in 2015 and is based in New York, New York.

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$10.65
+108.01% 1Y

Market & Price

Market Cap
$986.29M
Current Price
$10.65
High / Low (52W)
$11.29 / $5.12
Beta
1.24

Valuation

Stock P/E
-
Industry PE
23.65
Forward P/E
-
PEG Ratio
-
Book Value
$-0.71
Price to Book
-14.92
P/S
12.37
EV/EBITDA
-10.81
Dividend Yield
-

Profitability & Returns

ROCE
-83.70%
ROE
-
ROA
-28.06%
Profit Margin
-
Op Margin
-
EPS (Latest Qtr)
$-0.57
EPS (TTM)
$-1.48

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
0.51
Current Ratio
0.55
Debt
$87.53M
Total Assets
$244.43M
Current Assets
$91.76M
Working Capital
$-30.79M

Ownership

Promoter Holding
17.80%
Chg in Prom Hold
-0.01%
FII / Inst Holding
60.50%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$1.00B
Total Revenue (TTM)
$79.76M
EBITDA
$-92.72M
Free Cash Flow
$45.02M
Operating Cash Flow
$8.28M
Shares Outstanding
92.61M
Gross Margin
95.41%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
72.27%
Profit 5Y
3.96%
Revenue (YoY)
-84.80%
Earnings (YoY)
-

PROS

  • Compounding revenue at 72.3% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MGTX MeiraGTx Holdings plc R2K 10.65 - $986.29M - -83.70% - 72.27% 3.96%
2 LLY Eli Lilly and Company SPX 1,105.00 39.21 $985.37B 0.63% 38.44% 107.46% 31.69% 48.96%
3 JNJ Johnson & Johnson SPX 225.33 26.11 $542.42B 2.38% 23.13% 26.42% 5.60% 14.32%
4 UNH UnitedHealth Group Incorporated SPX 380.31 28.66 $345.38B 2.32% 9.60% 12.18% 11.35% -15.69%
5 MRK Merck & Co., Inc. SPX 118.72 33.44 $293.22B 2.86% 20.66% 18.94% 3.12% 7.93%
6 TMO Thermo Fisher Scientific Inc. SPX 492.51 27.11 $183.03B 0.38% 9.17% 13.52% -0.27% -1.19%
7 AMGN Amgen Inc. NDXSPX 336.79 23.42 $181.77B 2.99% 18.02% 101.32% 11.77% 5.58%
8 GILD Gilead Sciences, Inc. NDXSPX 134.43 18.29 $166.90B 2.44% 22.92% 43.36% 2.57% 22.83%
9 ISRG Intuitive Surgical, Inc. NDXSPXAI 424.64 51.53 $150.39B - 15.96% 17.23% 17.39% 29.26%
Ad space

Quarterly Results

Figures in USD.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue --1.93M3.69M410.00K75.36M293.00K
Cost of Revenue --1.38M2.68M313.00K476.00K198.00K
Gross Profit --548.00K1.01M97.00K74.89M95.00K
Operating Expenses --42.14M45.81M46.15M48.42M40.91M
Operating Income ---41.60M-44.79M-46.05M26.47M-40.82M
EBITDA ---33.86M-32.57M-44.29M21.32M-40.46M
Interest Expense --3.04M3.03M3.06M3.06M2.85M
Pretax Income ---39.98M-38.80M-50.51M15.09M-46.31M
Tax Provision -------
Net Income ---39.98M-38.80M-50.51M15.09M-46.31M
Diluted EPS -0.55--0.51-0.48-0.62--0.57

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -15.92M14.02M33.28M81.39M
Cost of Revenue --023.79M4.84M
Gross Profit --14.02M9.49M76.55M
Operating Expenses -132.28M151.08M173.70M182.52M
Operating Income --116.36M-137.06M-164.21M-105.97M
EBITDA --116.07M-57.06M-121.84M-89.40M
Interest Expense -4.95M13.24M13.27M12.20M
Pretax Income --129.62M-84.03M-147.79M-114.20M
Tax Provision -----
Net Income --129.62M-84.03M-147.79M-114.20M
Diluted EPS --2.87-1.49-2.12-1.42

Compounded Sales Growth

5 Years:72.27%
1 Year:-84.80%

Compounded Profit Growth

5 Years:3.96%
1 Year:-

Stock Price Performance

1 Year:+108.01%
6 Months:+40.50%
3 Months:+40.87%
1 Month:+18.99%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -318.24M326.74M269.75M244.43M
Current Assets -154.34M159.62M123.52M91.76M
Cash & Equivalents -115.52M129.57M103.66M65.93M
Inventory --0385.00K0
Receivables -21.33M10.14M707.00K3.00M
Total Liabilities -200.50M188.57M201.92M250.22M
Current Liabilities -82.07M67.08M60.78M122.56M
Long Term Debt -71.03M72.12M73.22M49.69M
Total Debt -92.25M89.26M84.80M88.69M
Total Equity -117.74M138.18M67.83M-5.79M
Shares Outstanding -48.48M63.60M78.40M81.12M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow --73.10M-105.36M-104.50M-46.36M
Investing Cash Flow --44.96M34.03M23.48M-4.11M
Financing Cash Flow -95.20M84.02M54.53M12.27M
Capital Expenditure --44.96M-20.17M-4.96M-4.24M
Free Cash Flow --118.06M-125.54M-109.45M-50.59M
Net Change in Cash --22.86M12.69M-26.48M-38.19M

Ratios (Annual)

Figures in %.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % --100.0%28.5%94.0%
Operating Margin % --730.9%-977.8%-493.4%-130.2%
Net Margin % --814.2%-599.5%-444.1%-140.3%
ROE % --110.1%-60.8%-217.9%1,971.4%
ROCE % --49.3%-52.8%-78.6%-86.9%

Shareholding Pattern

Insiders
17.80%
Institutions
60.50%
Public Float
73.60%

Top Institutional Holders

#Holder% HeldSharesValue
1 Sanofi 13.17% 12.20M $129.91M
2 Perceptive Advisors Llc 11.15% 10.33M $109.97M
3 Rubric Capital Management LP 7.56% 7.00M $74.55M
4 Johnson & Johnson 7.17% 6.64M $70.73M
5 Adage Capital Partners GP L.L.C. 4.32% 4.00M $42.60M
6 Millennium Management Llc 3.74% 3.47M $36.91M
7 Blackrock Inc. 3.42% 3.17M $33.74M
8 Prosight Management, Lp 2.84% 2.63M $28.01M
9 683 Capital Management LLC 2.65% 2.45M $26.09M
10 Opaleye Management Inc. 2.29% 2.12M $22.61M

Analyst View

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