MeiraGTx Holdings plc
For the period ended Mar 31, 2026. Filed May 14, 2026.
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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.
Mar 31, 2026 · Filed May 14, 2026
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 Three-Month Periods Ended March 31, | ||||||
| · · 2026 · · 2025 | ||||||
| Cash flows from operating activities: · · · · | ||||||
| Net loss | | $(46,313) | | $(39,981) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Share-based compensation expense | | 3,654 | | 4,887 | ||
| Foreign currency loss (gain) | | 2,837 | | (3,687) | ||
| Depreciation and amortization | | 3,008 | | 3,081 | ||
| Change in right-of-use assets | | | 653 | | | 4,299 |
| Gain on termination of lease liabilities | | | — | | | (1,365) |
| Loss (gain) on disposal of equipment, furniture and fixtures | | | 55 | | | (122) |
| Amortization of interest on asset retirement obligations | | 36 | | 63 | ||
| Amortization of debt discount | | | 228 | | | 274 |
| Acquired in-process research and development | | | 499 | | | — |
| (Increase) decrease in operating assets: | | | | | | |
| Accounts receivable - related party | | | (260) | | | (49) |
| Contract assets - related party | | | — | | | 701 |
| Inventory | | | — | | | (203) |
| Prepaid expenses | | (42) | | 7 | ||
| Tax incentive receivable | | | — | | | 4,851 |
| Other current assets | | (113) | | 1,638 | ||
| Other assets, net | | | 1,276 | | | — |
| Increase (decrease) in operating liabilities: | | | | | ||
| Accounts payable | | 7,909 | | (3,061) | ||
| Accrued expenses | | | (9,904) | | | (3,585) |
| Lease liabilities | | (1,266) | | (4,228) | ||
| Other current liabilities | | 55,603 | | (19) | ||
| Deferred revenue - related party | | (50) | | (329) | ||
| Net cash provided by (used in) operating activities | | 17,810 | | (36,828) | ||
| | | | | | | |
| Cash flows from investing activities: | | | | | ||
| Purchase of property, plant and equipment | | (2,008) | | (1,710) | ||
| Acquisition of in-process research and development assets | | | (250) | | | — |
| Net cash used in investing activities | | (2,258) | | (1,710) | ||
| | | | | | | |
| Cash flows from financing activities: | | | | | ||
| Exercise of share options | | 62 | | 4 | ||
| Payments of withholdings on shares withheld for income taxes | | | (5,960) | | | (2,761) |
| Payments on lease obligations - financing leases | | (14) | | — | ||
| Proceeds from the issuance of ordinary shares | | 14,027 | | 4,482 | ||
| Issuance costs in connection with ordinary shares | | (35) | | (12) | ||
| Payment for treasury shares | | | (18,193) | | | — |
| Net cash (used in) provided by financing activities | | (10,113) | | 1,713 | ||
| | | | | | | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | | 5,439 | | (36,825) | ||
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | | 126 | | (233) | ||
| Cash, cash equivalents and restricted cash at beginning of the period | | 68,193 | | 105,668 | ||
| Cash, cash equivalents and restricted cash at end of the period | | $73,758 | | $68,610 | ||
| | | | | | | |
| Supplemental disclosure of non-cash transactions: | | | | | ||
| Fixed asset acquisitions included in accounts payable and accrued expenses | | $920 | | $615 | ||
| Change in estimate of asset retirement obligation | | $— | | $1,576 | ||
| Issuance of shares in connection with acquisition of in-process research and development asset | | $249 | | $— | ||
| Receivable from sale of fixed assets included in other current assets | | $9 | | $125 | ||
| Supplemental disclosure of cash flow information: | | | | | ||
| Cash paid for interest | | $2,710 | | $2,863 | ||
MEIRAGTX HOLDINGS PLC AND SUBSIDIARIES
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