Madrigal Pharmaceuticals Inc.

NASDAQ · MDGL
399.63−0.47−0.12%as of Nov 6, 2026

We are a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (“MASH”), a serious liver disease with high unmet medical need that can lead to cirrhosis, liver failure, liver cancer, need for liver transplantation and premature mortality. MASH was previously known as nonalcoholic steatohepatitis (“NASH”). MASH is the leading cause of liver transplantation in women, the second leading cause of all liver transplantation in the United States and the fastest-growing indication for liver transplantation in Europe. Our medication, Rezdiffra (resmetirom), is a once-daily, oral, liver-directed thyroid hormone receptor beta (“THR-β”) agonist designed to target key underlying causes of MASH. In March 2024, Rezdiffra became the first therapy approved by the FDA for patients with MASH and was commercially available in the United States beginning in April 2024. Following receipt of conditional marketing authorization (“CMA”) from the European Commission (“EC”), we launched Rezdiffra in Germany in September 2025. Rezdiffra was the first medication approved by both the FDA and EC for the treatment of adults with noncirrhotic MASH w

From the 10-K filed Feb 19, 2026

CEO
Mr. William J. Sibold
Sector
Healthcare
Industry
Biotechnology
Employees
915
Headquarters
West Conshohocken, PA
Fiscal year end
December
1 year−88.95 (−18.21%)
MDGL−18.21%
$400$450$500$550$600
$399.63
4MVol
Nov '25Jan '26Apr '26Jun '26Aug '26Nov '26
FundalyzePowered by fundalyze.ai
353.54615

as of Oct 22, 2026 · today 399.63, 18% of the way from low to high

No dividends on record.

A company that pays none, or whose history has not arrived yet, shows nothing here.

Valuation

Market cap$9.23Bas of Oct 22, 2026
P/E-59.4×TTM · Q4 2025 – Q3 2026
P/S6.5×TTM · Q4 2025 – Q3 2026
P/B14.7×Q3 2026
Dividend yield—no dividends on record

Results, trailing twelve months

Revenue$1.43BTTM · Q4 2025 – Q3 2026
Net income-$155.46MTTM · Q4 2025 – Q3 2026
Diluted EPS-$5.13TTM · Q4 2025 – Q3 2026
Gross margin—

Balance and cash

Enterprise value$8.61Bas of Oct 22, 2026
Long-term debt$341.27MQ3 2026
Free cash flow-$169.43MTTM · Q4 2025 – Q3 2026
Stock-based comp.$134.12MTTM · Q4 2025 – Q3 2026

Shares and market

Shares outstanding23.09Mas of Nov 2, 2026
Average volume803.5Kshares a day, last 3 months
Beta-1.052

Financial statements

Product revenue, net +432.1% $180.13M → $958.40M, year ended Dec 31, 2025

Comps

Valuation, growth and margins against the closest competitors

Filings

10-K filed Feb 19, 2026 · 10-Q Nov 3, 2026

FilingFiled
10-Q for Quarter Ended September 2026Nov 3, 2026
10-Q for Quarter Ended June 2026Jul 30, 2026
10-Q for Quarter Ended March 2026May 6, 2026
10-K for Fiscal Year Ended December 2025Feb 19, 2026

Insiders

$73.88M sold $35.02M bought · open market, 12 months to Nov 6, 2026

InsiderTypeValue
BAKER BROS. ADVISORS LPNov 6, 2026Purchase$793.22K ↗
BAKER BROS. ADVISORS LPNov 6, 2026Purchase$5.34M ↗
Shannon T KelleyNov 6, 2026Sale$430.80K ↗
BAKER BROS. ADVISORS LPNov 6, 2026Purchase$23.13M ↗

Funds (13F)

111.3% held by 449 managers · as of Sep 30, 2026

ManagerValueChange
BAKER BROS. ADVISORS LP$1.15B+1.43K (+0.1%)
RTW INVESTMENTS, LP$1.07B—
JANUS HENDERSON GROUP PLC$1.05B+433.80K (+27.4%)
Jupiter Topco LLC$1.04BNew
Avoro Capital Advisors LLC$984.41M+15.15K (+0.8%)

Congress

No trades disclosed

Short interest

15.99% of float · 7.24 days to cover · Oct 15, 2026

Short position, last two years · 8% of its 2-year range

Source: FINRA

HeadlineSourcePublished
Madrigal (MDGL) Q3 2026 Earnings Call Transcript ↗fool.comNov 3, 2026

Headlines indexed by The GDELT Project ↗, matched by company name, so one may be about something else. Each opens on its publisher’s site.

Company data reported to the SEC on EDGAR (CIK 1157601).

Everything on MDGL, in full

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