MeiraGTx Holdings plc
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
MGTX$9.62+1.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the Nine-Month Periods Ended September 30, | ||||||
| · 2025 · 2024 | ||||||
| Cash flows from operating activities: · · | ||||||
| Net loss | | $(129,289) | | $(108,392) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Share-based compensation expense | | 16,504 | | 19,074 | ||
| Foreign currency gain | | (10,753) | | (2,644) | ||
| Depreciation and amortization | | 9,427 | | 9,757 | ||
| Net change in right-of-use assets and liabilities | | | (73) | | | (158) |
| Gain on termination of lease liabilities | | | (1,465) | | | — |
| Loss on disposal of equipment, furniture and fixtures | | | 310 | | | 418 |
| Amortization of interest on asset retirement obligations | | 126 | | 146 | ||
| Amortization of debt discount | | | 834 | | | 824 |
| Gain on sale of nonfinancial assets | | | — | | | (28,434) |
| (Increase) decrease in operating assets: | | | | | | |
| Accounts receivable - related party | | | (2,143) | | | 5,033 |
| Contract assets - related party | | | 986 | | | — |
| Inventory | | | 428 | | | — |
| Prepaid expenses | | (113) | | (1,289) | ||
| Tax incentive receivable | | | 163 | | | 8,170 |
| Other current assets | | 1,929 | | 923 | ||
| Other assets, net | | | (32) | | | 689 |
| Increase (decrease) in operating liabilities: | | | | | ||
| Accounts payable | | (2,362) | | 14,024 | ||
| Accrued expenses | | (4,329) | | (23,350) | ||
| Other current liabilities | | 27,557 | | 123 | ||
| Deferred revenue - related party | | (695) | | 23,867 | ||
| Net cash used in operating activities | | (92,990) | | (81,219) | ||
| | | | | | | |
| Cash flows from investing activities: | | | ||||
| Purchase of property, plant and equipment | | (3,554) | | (3,737) | ||
| Proceeds from sale of equipment, furniture and fixtures | | | 536 | | | — |
| Proceeds from sale of nonfinancial assets | | | — | | | 28,434 |
| Net cash (used in) provided by investing activities | | (3,018) | | 24,697 | ||
| | | | | | | |
| Cash flows from financing activities: | | | | |||
| Exercise of share options | | 46 | | — | ||
| Payments of withholdings on shares withheld for income taxes | | | (2,991) | | | (2,340) |
| Proceeds from the issuance of ordinary shares | | 9,915 | | 55,135 | ||
| Issuance costs in connection with ordinary shares | | (26) | | (2,505) | ||
| Net cash provided by financing activities | | 6,944 | | 50,290 | ||
| | | | | | | |
| Net decrease in cash, cash equivalents and restricted cash | | (89,064) | | (6,232) | ||
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | | 502 | | 612 | ||
| Cash, cash equivalents and restricted cash at beginning of the period | | 105,668 | | 130,649 | ||
| Cash, cash equivalents and restricted cash at end of the period | | $17,106 | | $125,029 | ||
| | | | | | | |
| Supplemental disclosure of non-cash transactions: | | | ||||
| Fixed asset acquisitions included in accounts payable and accrued expenses | | $753 | | $1,897 | ||
| Right-of-use assets obtained in exchange for lease liabilities | | $8,200 | | $— | ||
| Change in estimate of asset retirement obligation | | $1,476 | | $370 | ||
| Reversal of issuance costs | | $50 | | $— | ||
| Supplemental disclosure of cash flow information: | | | ||||
| Cash paid for interest | | $8,275 | | $8,864 | ||
MEIRAGTX HOLDINGS PLC AND SUBSIDIARIES
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