Metagenomi Therapeutics, Inc. MGX

Healthcare SIC 2836 - Biological Products, (No Diagnostic Substances) Nasdaq

We are an in vivo genome editing company capitalizing on our proprietary technologies to create curative genetic medicines for patients. We were founded on the science of metagenomics, the study of genetic materials recovered from the natural environment, to discover and develop a suite of novel gene editing tools potentially capable of correcting any type of genetic mutation found anywhere in the human genome. We leverage machine learning and artificial intelligence to enhance our signature gene editing systems. In late 2025, we made the decision to strategically reprioritize our pipeline and discovery efforts to focus our resources on driving forward our lead programs that utilize our most advanced, signature gene-editing capabilities with the highest probability of success while maintaining financial discipline to drive sustainable growth and long-term value. We increased our focus on high-value programs in disease indications with well-understood biology and clearly defined clinical development and regulatory pathways to accelerate programs with the potential to deliver therapeutic benefits of gene editing to patients.

Last close 1.17 2026-09-04
Market cap $44.2M 2026-06-30 share count
52-week range 1.13 - 3.95

Valuation FY2025 figures against the last close

P/S1.8x
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-2.36

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022
Revenue $25.2M$52.3M$44.8M
R&D $94.4M$109.2M$94.4M
SG&A $26.8M$32.0M$28.8M
Total operating expenses $121.2M$141.2M$123.2M
Operating income -$96.0M-$88.9M-$78.5M
Pre-tax income -$87.9M-$83.6M-$60.2M
Income tax $58.0K$5.5M$8.0M
Net income -$87.9M-$78.1M-$68.3M
EPS, basic -2.36-2.36-20.05
EPS, diluted -2.36-2.36-20.05
Shares, diluted (wtd. avg.) $37.3M$33.0M$3.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022
Cash and equivalents $41.7M$27.4M$145.9M$190.5M
Short-term investments $119.1M$220.9M$130.6M
Receivables $305.0K$1.3M$2.5M
Total current assets $165.5M$258.0M$278.3M
Property, plant and equipment $12.3M$17.7M$21.5M
Total assets $221.1M$324.6M$364.8M
Accounts payable $1.5M$533.0K$1.8M
Total current liabilities $22.9M$37.3M$68.9M
Total liabilities $62.5M$89.7M$149.7M
Retained earnings -$310.9M-$223.0M-$144.9M
Total equity $158.6M$234.9M-$135.6M-$74.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022
Operating cash flow -$88.9M-$109.1M-$91.4M
Depreciation and amortisation $5.3M$5.4M$4.2M
Stock-based compensation $11.9M$16.2M$6.9M
Capital expenditure $574.0K$3.1M$9.8M
Investing cash flow $103.5M-$88.2M$45.7M
Financing cash flow -$356.0K$84.0M$1.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-093976.

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