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MDGL
Madrigal Pharmaceuticals Inc.Stock · Health Care · Russell 2000 0.3%
$507.08−$29.12 (-5.43%)as of market close, Aug 13, 2026
☾ After hours:$507.37+0.00%3:59 PM ET
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How Madrigal Pharmaceuticals makes money

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How does Madrigal Pharmaceuticals make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Madrigal Pharmaceuticals Inc. · FY2025 · year ended 2025-12-31
Revenue$958MNet loss$288M · 30%Cost of revenue$0 · 0%Gross profit$958M · 100%Operating expenses$1.3B · 131%Other income$12M · 1%R&D$389M · 41%SG&A$814M · 85%Other opex$56M · 6%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.