NASDAQ : MLTX

MoonLake Immunotherapeutics — Financial statements

Healthcare · Biotechnology · Switzerland

Last price 11.78 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.00B

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Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Selling, General & Admin46.96M41.97M30.32M22.32M23.01M21.66M
Research & Development221.38M202.86M112.77M31.80M42.05M12.64M
Operating Expenses268.34M244.83M143.09M54.12M65.06M34.29M
Operating Income-268.34M-244.83M-143.09M-54.12M-65.06M-34.29M
Interest Expense-10.09M-7.25M
Currency Exchange Gain (Loss)18.00K599.00K42.00K151.00K325.32K-71.59K
Other Non Operating Income (Expenses)14.26M21.77M22.09M9.99M266.42K-2.63K
EBT Excluding Unusual Items-264.15M-229.71M-120.96M-43.98M-64.47M-34.37M
Other Unusual Items-30.00M
Pretax Income-264.15M-229.71M-120.96M-43.98M-64.47M-64.37M
Income Tax Expense1.08M611.00K282.00K94.00K36.37K5.71K
Earnings From Continuing Operations-265.22M-230.32M-121.24M-44.08M-64.51M-64.37M
Minority Interest in Earnings1.56M3.00M2.31M8.07M14.53M
Net Income-263.67M-227.32M-118.94M-36.01M-49.97M-64.37M
Net Income to Common-263.67M-227.32M-118.94M-36.01M-49.97M-64.37M
Shares Outstanding (Basic)69.14M64.46M62.87M49.12M29.36M7.84M
Shares Outstanding (Diluted)69.14M64.46M62.87M49.12M29.36M7.84M
EPS (Basic)-3.81-3.53-1.89-0.73-1.70-8.21
EPS (Diluted)-3.81-3.53-1.89-0.73-1.70-8.21
Free Cash Flow-225.18M-196.04M-117.11M-43.06M-55.91M-42.27M
Free Cash Flow Per Share-3.26-3.04-1.86-0.88-1.90-5.39
EBITDA-265.10M-242.22M-141.71M-53.75M-64.90M-34.29M
D&A For EBITDA3.24M2.62M1.39M370.00K164.78K5.96K
EBIT-268.34M-244.83M-143.09M-54.12M-65.06M-34.29M

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents477.90M334.52M180.43M451.17M39.51M8.04M
Short-Term Investments59.12M59.45M267.60M59.84M32.61M
Cash & Short-Term Investments537.03M393.97M448.03M511.01M72.11M8.04M
Other Receivables6.56M4.87M2.84M1.06M217.13K148.77K
Receivables6.56M4.87M2.84M1.06M217.13K148.77K
Prepaid Expenses26.45M22.86M23.42M2.10M4.18M1.45M
Total Current Assets570.04M421.69M474.29M514.17M76.51M9.64M
Property, Plant & Equipment2.56M2.14M3.64M3.95M331.97K45.74K
Long-Term Deferred Charges1.34M596.00K
Other Long-Term Assets8.42M
Total Assets573.95M424.43M477.93M526.54M76.84M9.68M
Accounts Payable17.04M365.00K182.00K325.68K157.31K30.90K
Accrued Expenses24.76M42.78M20.27M8.07M7.24M4.76M
Short-Term Debt15.00M
Current Portion of Leases1.25M1.23M1.37M1.20M153.63K
Current Income Taxes Payable2.35M1.09M642.00K367.98K109.83K63.92K
Other Current Liabilities1.23M
Total Current Liabilities45.39M45.48M22.46M9.97M7.67M21.09M
Long-Term Debt99.51M74.10M
Long-Term Leases772.00K374.00K1.46M2.50M128.95K
Pension & Post-Retirement Benefits74.00K621.00K583.43K282.21K239.86K
Total Liabilities145.75M119.95M24.54M13.05M8.08M21.33M
Common Stock8.00K7.00K6.00K6.30K5.27K38.54K
Additional Paid-In Capital1.02B766.78M677.41M609.97M129.19M42.06M
Retained Earnings-594.42M-462.91M-235.59M-116.66M-80.65M-53.64M
Treasury Stock-6.20K
Comprehensive Income & Other630.00K604.00K5.00M2.36M350.95K-168.18K
Total Common Equity428.19M304.48M446.82M495.68M48.90M-11.72M
Minority Interest6.57M17.82M19.87M
Shareholders' Equity428.19M304.48M453.39M513.49M68.77M-11.65M
Total Liabilities & Equity573.95M424.43M477.93M526.54M76.84M9.68M
Total Debt101.53M75.71M2.83M3.70M282.58K15.00M
Net Cash (Debt)435.50M318.26M445.20M507.31M71.83M-6.96M
Net Cash Per Share6.304.947.0810.332.45-0.89
Filing Date Shares Outstanding85.11M71.73M63.28M62.87M39.15M303.77K
Total Common Shares Outstanding83.61M71.37M63.08M60.47M38.98M303.77K
Working Capital524.65M376.22M451.83M504.20M68.85M-11.45M
Book Value Per Share5.124.277.088.201.25-38.57
Tangible Book Value428.19M304.48M446.82M495.68M48.90M-11.72M
Tangible Book Value Per Share5.124.277.088.201.25-38.57

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-263.67M-227.32M-118.94M-36.01M-49.97M-64.37M
Depreciation & Amortization3.24M2.62M1.39M370.00K164.78K5.96K
Asset Writedown & Restructuring Costs5.82M
Stock-Based Compensation23.20M12.90M7.28M7.11M9.65M10.86M
Other Operating Activities-954.00K-4.08M-2.53M-8.03M-14.16M90.38K
Change in Accounts Receivable-3.15M-2.02M-1.79M-840.00K-68.36K-178.53K
Change in Accounts Payable-42.00K20.56M7.16M1.58M-1.31M1.88M
Change in Other Net Operating Assets16.20M1.34M-9.15M-6.96M-197.22K3.68M
Operating Cash Flow-225.18M-196.01M-116.59M-42.78M-55.89M-42.21M
Capital Expenditures-35.00K-520.00K-284.00K-16.01K-60.85K
Investment in Securities58.91M203.03M-205.08M-24.90M-32.32M
Investing Cash Flow58.91M202.99M-205.60M-25.18M-32.34M-60.85K
Long-Term Debt Issued73.02M
Total Debt Issued24.47M73.02M18.00M
Short-Term Debt Repaid-15.00M
Total Debt Repaid-15.00M
Net Debt Issued (Repaid)24.47M73.02M-15.00M18.00M
Issuance of Common Stock313.67M72.97M52.78M482.45M46.73K131.88K
Repurchase of Common Stock-7.44K
Other Financing Activities-1.47M-2.75M134.65M
Financing Cash Flow338.14M146.00M51.31M479.70M119.69M51.92M
Foreign Exchange Rate Adjustments-648.00K1.11M128.00K-76.00K8.54K2.25K
Net Cash Flow171.22M154.09M-270.74M411.66M31.47M9.65M
Free Cash Flow-225.18M-196.04M-117.11M-43.06M-55.91M-42.27M
Free Cash Flow Per Share-3.26-3.04-1.86-0.88-1.90-5.39
Levered Free Cash Flow-131.86M-120.38M-92.06M-24.14M-32.23M
Unlevered Free Cash Flow-125.55M-115.85M-92.06M-24.14M-32.23M
Cash Interest Paid7.86M5.06M
Cash Income Tax Paid799.00K799.00K147.00K42.00K4.31K
Change in Working Capital13.00M19.88M-3.78M-6.22M-1.58M5.38M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization970.22M940.70M3.41B3.62B409.26M
Enterprise Value534.72M638.24M2.93B3.19B353.09M
Last Close Price11.7813.1854.1560.3910.509.89
PB Ratio2.303.097.537.055.95
P/TBV Ratio2.343.097.647.308.37
Debt / Equity Ratio0.240.250.010.010.00-1.29
Net Debt / Equity Ratio-1.02-1.04-0.98-0.99-1.04-0.60
Net Debt / EBITDA Ratio1.641.313.149.441.11-0.20
Net Debt / FCF Ratio1.931.623.8011.781.28-0.17
Quick Ratio11.978.7720.0751.389.440.39
Current Ratio12.569.2721.1151.599.980.46
Return on Equity (ROE)-67.47%-60.78%-25.08%-15.14%-225.86%
Return on Assets (ROA)-32.44%-33.92%-17.81%-11.21%-93.99%
Return on Capital Employed (ROCE)-50.80%-64.60%-31.40%-10.50%-94.00%300.70%
Earnings Yield-33.45%-24.16%-3.48%-1.00%-12.21%
FCF Yield-22.46%-20.84%-3.43%-1.19%-13.66%
Buyback Yield / Dilution-9.53%-2.54%-27.99%-67.30%-274.47%