MGNX (MGNX) financial statements
MGNX reported revenue of $150M in fiscal 2025, up 5.6% a year over 9 years.
Net income was -$75M and the operating margin -48.7%, against -65.3% in 2016.
Free cash flow was -$83M.
The diluted share count rose 82% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MGNX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $92M | $158M | $60M | $64M | $105M | $77M | $152M | $59M | $150M | $150M |
| Cost of revenue | — | — | — | $0 | $0 | $3M | $3M | $619,000 | $847,000 | $0 |
| Gross profit | — | — | — | $64M | $105M | $75M | $149M | $58M | $149M | $150M |
| Research and development | $122M | $147M | $191M | $195M | $193M | $215M | $207M | $167M | $177M | $147M |
| Selling, general and admin | $30M | $33M | $40M | $46M | $43M | $63M | $59M | $52M | $71M | $39M |
| Operating income | -$60M | -$22M | -$171M | -$177M | -$131M | -$203M | -$121M | -$168M | -$111M | -$73M |
| Interest expense | — | — | — | — | — | $0 | $0 | $1M | $1M | $9M |
| Pre-tax income | — | — | — | — | — | — | -$120M | -$9M | -$66M | -$75M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $944,000 | -$672,000 |
| Net income | -$59M | -$20M | -$171M | -$152M | -$130M | -$202M | -$120M | -$9M | -$67M | -$75M |
| EPS (diluted) | -$1.69 | -$0.54 | — | — | -$2.47 | -$3.37 | -$1.95 | -$0.15 | -$1.07 | -$1.18 |
| Diluted shares | 35M | 36M | 41M | 48M | 52M | 60M | 61M | 62M | 63M | 63M |
| Gross margin | — | — | — | 100.0% | 100.0% | 96.6% | 97.8% | 98.9% | 99.4% | 100.0% |
| Operating margin | -65.3% | -14.0% | -284.8% | -276.0% | -125.0% | -261.9% | -79.9% | -286.4% | -73.7% | -48.7% |
| Net margin | -63.7% | -12.4% | -285.2% | -236.5% | -123.7% | -261.0% | -78.8% | -15.4% | -44.7% | -49.9% |
Balance sheet
Fiscal years, from MGNX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $277M | $305M | $233M | $216M | $181M | $123M | $109M | $101M | $183M | $57M |
| Receivables | $3M | $14M | $30M | $13M | $23M | $10M | $56M | $10M | $4M | $427,000 |
| Inventory | — | — | — | — | $0 | $4M | $1M | $1M | $0 | $8M |
| Total current assets | $284M | $322M | $269M | $240M | $313M | $280M | $222M | $251M | $217M | $220M |
| Property, plant and equipment | $18M | $50M | $57M | $48M | $42M | $38M | $30M | $22M | $18M | $2M |
| Total assets | $311M | $374M | $332M | $313M | $379M | $335M | $280M | $298M | $262M | $257M |
| Total current liabilities | $27M | $50M | $60M | $45M | $51M | $75M | $49M | $56M | $56M | $43M |
| Total liabilities | $43M | $75M | $89M | $82M | $83M | $96M | $138M | $146M | $146M | $201M |
| Shareholders' equity | $269M | $299M | $243M | $231M | $296M | $240M | $142M | $153M | $116M | $56M |
| Net debt | -$84M | -$212M | -$220M | -$126M | -$181M | -$123M | -$109M | -$101M | -$183M | -$57M |
Cash flow
Fiscal years, from MGNX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$44M | $14M | -$153M | -$134M | -$112M | -$144M | -$87M | -$78M | -$68M | -$81M |
| Capital spending | $11M | $29M | $25M | $4M | $6M | $6M | $4M | $2M | $4M | $2M |
| Free cash flow | -$55M | -$15M | -$178M | -$139M | -$118M | -$150M | -$91M | -$80M | -$72M | -$83M |
| Stock-based compensation | $12M | $15M | $17M | $20M | $21M | $23M | $20M | $18M | $29M | $14M |
| Free cash flow margin | -59.9% | -9.5% | -296.4% | -215.9% | -112.3% | -193.7% | -59.6% | -136.1% | -48.1% | -55.5% |
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Open MGNX in InvestinglyQuestions
What was MGNX's revenue in 2025?
$150M in fiscal 2025, from its 10-K filing.
How much free cash flow does MGNX generate?
-$83M in fiscal 2025 (operating cash flow minus capital spending).
From MGNX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.