MADRIGAL PHARMACEUTICALS, INC.

For the period ended Dec 31, 2025. Filed Feb 19, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 19, 2026

MDGL$432.60-0.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Stockholders’ Equity

Preferred stock · Common stock · Additional paid-in Capital · Accumulated other comprehensive income (loss) · Accumulated deficit · Total stockholders’ equity
Shares · Amount · Shares · Amount
Balance at December 31, 2022	2,369,797	$—			18,102,523		$2			$1,160,079		$(32)			$(962,660)		$197,389
Issuance of common shares in equity offerings, excluding to related parties, net of transaction costs	—	—			1,346,199		—			260,187		—			—		260,187
Sale of warrants and common shares to related parties and exercise of common stock options, net of transaction costs	—	—			426,705		—			270,292		—			—		270,292
Stock-based compensation expense related to equity-classified awards	—	—			—		—			49,735		—			—		49,735
Unrealized gain on marketable securities	—	—			—		—			—		500			—		500
Hercules warrant	—	—			—		—			860		—			—		860
Net loss	—	—			—		—			—		—			(373,630)		(373,630)
Balance at December 31, 2023	2,369,797	$—			19,875,427		$2			$1,741,153		$468			$(1,336,290)		$405,333
Issuance of common shares in equity offerings, excluding to related parties, net of transaction costs	—	—			1,096,153		—			397,487		—			—		397,487
Sale of warrants and common shares to related parties and exercise of common stock options, net of transaction costs	—	—			1,033,099		—			337,575		—			—		337,575
Stock-based compensation expense related to equity-classified awards	—	—			—		—			79,880		—			—		79,880
Net loss	—	—			—		—			—		—			(465,892)		(465,892)
Balance at December 31, 2024	2,369,797	$—			22,004,679		$2			$2,556,095		$468			$(1,802,182)		$754,383
Issuance of common stock under equity plans	—	—		837,394		—		38,055		—	—		38,055
Stock-based compensation expense related to equity-classified awards	—	—		—		—		98,130		—	—		98,130
Other comprehensive income	—	—		—		—		—		405	—		405
Net loss	—	—		—		—		—		—	(288,284)			(288,284)
Balance at December 31, 2025	2,369,797		$—			22,842,073			$2		$2,692,280			$873		$(2,090,466)		$602,689

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.