MGTX on Nasdaq
MeiraGTx Holdings plc
We are a vertically integrated, clinical-stage genetic medicines company with a broad pipeline of late-stage clinical programs, including radiation-induced xerostomia, Parkinson’s disease and.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerMGTX on Nasdaq1
- IndustryBiological Products, (No Diagnostic Substances)1
- HeadquartersNew York, New York1
- Business address655 Third Avenue, Suite 1115, New York, Ny 100172
- Filer categoryNon-accelerated filer, Smaller reporting company2
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We are a vertically integrated, clinical-stage genetic medicines company with a broad pipeline of late-stage clinical programs, including radiation-induced xerostomia, Parkinson’s disease and AIPL1-associated retinal dystrophy. Our clinical programs use targeted local delivery of small doses of genetic medicines to treat both inherited and more common conditions with severe unmet need. The successful development of the clinical pipeline is supported by our internal end-to-end manufacturing capabilities. We have two viral vector production facilities for good manufacturing practices, or GMP, internal plasmid production for GMP, as well as an in-house Quality Control hub for stability and release, all fit for Investigational New Drug application (IND) through commercial supply. In addition, we have developed a proprietary manufacturing platform with industry-leading yield and quality aspec…3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
License brought in 92% of the revenue MeiraGTx Holdings plc broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| License | $75.0M | |
| Related Party Service Revenue | $33.3M | $6.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development91¢$129.6M
- Interest9¢$12.2M
Out of $81.4M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenue | $81.4M | $33.3M |
| Cost of service revenue - related party | $4.8M | $23.8M |
| General and administrative | $52.9M | $54.2M |
| Research and development | $129.6M | $119.5M |
| Total operating expenses | $187.4M | $197.5M |
| Loss from operations | -$106.0M | -$164.2M |
| Foreign currency gain (loss) | $2.1M | -$2.9M |
| Interest income | $1.8M | $4.1M |
| Interest expense | -$12.2M | -$13.3M |
| Gain on sale of nonfinancial assets | $28.4M | |
| Net loss | -$114.2M | -$147.8M |
| Foreign currency translation gain (loss) | $6.1M | -$2.3M |
| Comprehensive loss | -$108.1M | -$150.1M |
| Net loss | -$114.2M | -$147.8M |
| Basic net loss per ordinary share | -$1.42 | -$2.12 |
| Diluted net loss per ordinary share | -$1.42 | -$2.12 |
| Weighted-average number of ordinary shares outstanding, basic | 80.4M shares | 69.8M shares |
| Weighted-average number of ordinary shares outstanding, diluted | 80.4M shares | 69.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $65.9M | $103.7M | |
| Accounts receivable - related party | $3.0M | $707.0K | |
| Contract assets - related party | $950.0K | ||
| Inventory | $385.0K | ||
| Prepaid expenses | $6.0M | $6.8M | |
| Tax incentive receivable | $15.3M | $9.0M | |
| Other current assets | $1.5M | $2.0M | |
| Total Current Assets | $91.8M | $123.5M | |
| Property, plant and equipment, net | $105.5M | $102.9M | |
| Intangible assets, net | $578.0K | $821.0K | |
| Restricted cash | $2.3M | $2.0M | |
| Other assets | $1.1M | $1.0M | |
| Equity method and other investments | $6.7M | $6.7M | |
| Right-of-use assets - operating leases, net | $12.9M | $10.6M | |
| Right-of-use assets - finance leases, net | $23.6M | $22.2M | |
| TOTAL ASSETS | $244.4M | $269.8M | |
| Accounts payable | $10.1M | $23.6M | |
| Accrued expenses | $32.9M | $27.4M | |
| Lease obligations - operating leases, current | $2.9M | $4.1M | |
| Lease obligations - finance leases, current | $38.0K | ||
| Deferred revenue - related party, current | $1.8M | $4.8M | |
| Note payable, net, current | $24.6M | ||
| Other current liabilities | $50.3M | $903.0K | |
| Total Current Liabilities | $122.6M | $60.8M | |
| Deferred revenue - related party | $65.1M | $57.6M | |
| Lease obligations - operating leases | $11.4M | $7.5M | |
| Lease obligations - finance leases | $109.0K | ||
| Asset retirement obligations | $1.4M | $2.8M | $2.4M |
| Note payable, net | $49.7M | $73.2M | |
| TOTAL LIABILITIES | $250.2M | $201.9M | |
| Ordinary Shares, $0.00003881 par value, 1,288,327,750 authorized, 81,120,931 and 78,397,380 shares issued and outstanding at December 31, 2025 and 2024, respectively | $3.0K | $3.0K | |
| Capital in excess of par value | $808.0M | $773.6M | |
| Accumulated other comprehensive gain (loss) | $2.4M | -$3.7M | |
| Accumulated deficit | -$816.2M | -$702.0M | |
| Total Shareholders' (Deficit) Equity | -$5.8M | $67.8M | $138.2M |
| TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY | $244.4M | $269.8M | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 1.3B shares | 1.3B shares | |
| Common stock, shares issued | 81.1M shares | 78.4M shares | |
| Common stock, shares outstanding | 81.1M shares | 78.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $65.9M | $103.7M | |
| Accounts receivable - related party | $3.0M | $707.0K | |
| Contract assets - related party | $950.0K | ||
| Inventory | $385.0K | ||
| Prepaid expenses | $6.0M | $6.8M | |
| Tax incentive receivable | $15.3M | $9.0M | |
| Other current assets | $1.5M | $2.0M | |
| Total Current Assets | $91.8M | $123.5M | |
| Property, plant and equipment, net | $105.5M | $102.9M | |
| Intangible assets, net | $578.0K | $821.0K | |
| Restricted cash | $2.3M | $2.0M | |
| Other assets | $1.1M | $1.0M | |
| Equity method and other investments | $6.7M | $6.7M | |
| Right-of-use assets - operating leases, net | $12.9M | $10.6M | |
| Right-of-use assets - finance leases, net | $23.6M | $22.2M | |
| TOTAL ASSETS | $244.4M | $269.8M | |
| Accounts payable | $10.1M | $23.6M | |
| Accrued expenses | $32.9M | $27.4M | |
| Lease obligations - operating leases, current | $2.9M | $4.1M | |
| Lease obligations - finance leases, current | $38.0K | ||
| Deferred revenue - related party, current | $1.8M | $4.8M | |
| Note payable, net, current | $24.6M | ||
| Other current liabilities | $50.3M | $903.0K | |
| Total Current Liabilities | $122.6M | $60.8M | |
| Deferred revenue - related party | $65.1M | $57.6M | |
| Lease obligations - operating leases | $11.4M | $7.5M | |
| Lease obligations - finance leases | $109.0K | ||
| Asset retirement obligations | $1.4M | $2.8M | $2.4M |
| Note payable, net | $49.7M | $73.2M | |
| TOTAL LIABILITIES | $250.2M | $201.9M | |
| Ordinary Shares, $0.00003881 par value, 1,288,327,750 authorized, 81,120,931 and 78,397,380 shares issued and outstanding at December 31, 2025 and 2024, respectively | $3.0K | $3.0K | |
| Capital in excess of par value | $808.0M | $773.6M | |
| Accumulated other comprehensive gain (loss) | $2.4M | -$3.7M | |
| Accumulated deficit | -$816.2M | -$702.0M | |
| Total Shareholders' (Deficit) Equity | -$5.8M | $67.8M | $138.2M |
| TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY | $244.4M | $269.8M | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 1.3B shares | 1.3B shares | |
| Common stock, shares issued | 81.1M shares | 78.4M shares | |
| Common stock, shares outstanding | 81.1M shares | 78.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$114.2M | -$147.8M |
| Share-based compensation expense | $22.1M | $25.2M |
| Foreign currency (gain) loss | -$2.1M | $2.9M |
| Depreciation and amortization | $12.5M | $12.8M |
| Change in right-of-use assets | $6.6M | $4.0M |
| Gain on termination of lease liabilities | -$1.5M | -$172.0K |
| Loss on disposal of equipment, furniture and fixtures | $355.0K | $9.0K |
| Loss on equity method investment | $17.0K | |
| Amortization of interest on asset retirement obligations | $153.0K | $209.0K |
| Amortization of debt discount | $1.1M | $1.1M |
| Acquired in-process research and development | $568.0K | |
| Gain on sale of nonfinancial assets | -$28.4M | |
| Accounts receivable - related party | -$2.3M | $6.3M |
| Contract assets - related party | $986.0K | -$954.0K |
| Inventory | $428.0K | -$387.0K |
| Prepaid expenses | $720.0K | -$1.3M |
| Tax incentive receivable | -$5.9M | $4.1M |
| Other current assets | -$365.0K | -$2.3M |
| Other assets, net | -$159.0K | $759.0K |
| Accounts payable | -$12.3M | $10.7M |
| Accrued expenses | $4.4M | -$14.0M |
| Change in lease liabilities | -$6.2M | -$4.0M |
| Other current liabilities | $49.5M | $32.0K |
| Deferred revenue - related party | -$731.0K | $26.7M |
| Net cash used in operating activities | -$46.4M | -$104.5M |
| Purchase of property, plant and equipment | -$3.8M | -$5.0M |
| Acquisition of in-process research and development assets | -$410.0K | |
| Proceeds from sale of equipment, furniture and fixtures | $129.0K | |
| Proceeds from sale of nonfinancial assets | $28.4M | |
| Net cash (used in) provided by investing activities | -$4.1M | $23.5M |
| Exercise of share options | $257.0K | |
| Payments of withholdings on shares withheld for income taxes | -$3.0M | -$2.3M |
| Payments on lease obligations - financing leases | -$29.0K | |
| Proceeds from the issuance of ordinary shares | $15.1M | $59.4M |
| Issuance costs in connection with ordinary shares | -$39.0K | -$2.5M |
| Net cash provided by financing activities | $12.3M | $54.5M |
| Net decrease in cash, cash equivalents and restricted cash | -$38.2M | -$26.5M |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $719.0K | $1.5M |
| Fixed asset acquisitions included in accounts payable and accrued expenses | $1.3M | $851.0K |
| Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | $8.6M | |
| Right-of-use assets obtained in exchange for lease liabilities | $8.7M | |
| Change in estimate of asset retirement obligation | -$1.7M | $345.0K |
| Reversal of issuance costs | $50.0K | |
| Cash paid for interest | $11.0M | $12.0M |
No quarter-by-quarter statement was filed.
Leadership
Who has led MeiraGTx Holdings plc, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerAlexandria Forbes Jun 8, 2018 to now12
- PresidentAlexandria Forbes Jun 8, 2018 to now12
- Chief financial officerRichard Giroux Jan 10, 2020 to now13
- Chief financial officerKatherine Breedis Oct 4, 2018 to Jan 2, 201914
- Chief operating officerRichard Giroux Jun 8, 2018 to now15
Board members and other officers (17)
- CHIEF DEVELOPMENT OFFICERPenny Renee Fleck May 14, 2026 to now16
- Chief Medical OfficerRobert K. Zeldin Aug 5, 2020 to now17
- Chief Dev. OfficerStuart Naylor Jun 8, 2018 to now18
- Board memberAlan Sebulsky Sep 24, 2026 to now19
- Board memberDebra Yu Apr 27, 2022 to now20
- Board memberJoseph Edelman Nov 24, 2020 to now21
- Board memberMartin Indyk Feb 21, 2019 to Jun 6, 202422
- Board memberAlexandria Forbes Jun 8, 2018 to now12
- Board memberArnold J. Levine Jun 8, 2018 to Jun 9, 202223
- Board memberJoel S. Marcus Jun 8, 2018 to Jun 9, 202224
- Board memberKeith R. Harris Jun 8, 2018 to now25
- Board memberNeil Mendoza Jun 8, 2018 to now26
- Board memberStuart Naylor Jun 8, 2018 to Jan 2, 201918
- Board memberThomas E. Shenk Jun 8, 2018 to now27
- Board memberEllen Hukkelhoven Jun 11, 2018 to now28
- General counselRobert J. Wollin Jun 17, 2020 to now29
- General counselBruce Gottlieb Apr 2, 2019 to Apr 2, 201930
Timeline
- Jun 8, 2018New chief executive Alexandria Forbes becomes CEO12
Filings
306 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 159 insider forms, 26 large holders, 51 other. The latest 20:
- Oct 6, 2026144 EDGAR
- Oct 6, 20264 EDGAR
- Sep 24, 20264 EDGAR
- Sep 24, 20263 EDGAR
- Sep 23, 20268-K EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 2026144 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 2026S-8 EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 13, 20268-K EDGAR
- Jul 21, 20264 EDGAR
- Jul 21, 2026144 EDGAR
- Jul 7, 2026144 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20268-K EDGAR
- Jun 29, 20264 EDGAR
- Jun 29, 20264 EDGAR
- Jun 29, 20264 EDGAR
- Jun 29, 20264 EDGAR
The 306 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
26 open-market trades by officers, directors and large owners since October 2021: 4 buys and 22 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 18, 2026 | Forbes AlexandriaPRESIDENT & CEO | Sale | 62,000 | $13.86 | $859.3K | Form 4 |
| Jul 21, 2026 | Giroux RichardCFO & COO | Sale | 56,000 | $12.51 | $700.6K | Form 4 |
| Jul 7, 2026 | Naylor StuartCHIEF SCI OFCR, OPHTHALMOLOGY | Sale | 27,659 | $14.80 | $409.5K | Form 4 |
| May 19, 2026 | Forbes AlexandriaPRESIDENT & CEO | Sale | 62,000 | $9.17 | $568.5K | Form 4 |
| Apr 21, 2026 | Giroux RichardCFO & COO | Sale | 56,000 | $10.22 | $572.3K | Form 4 |
| Apr 7, 2026 | Naylor StuartCHIEF SCI OFCR, OPHTHALMOLOGY | Sale | 27,661 | $9.36 | $258.9K | Form 4 |
| Mar 24, 2026 | Forbes AlexandriaPRESIDENT & CEO | Sale | 62,000 | $7.41 | $459.4K | Form 4 |
| Oct 21, 2025 | Giroux RichardCFO & COO | Sale | 24,000 | $8.87 | $212.9K | Form 4 |
| Oct 7, 2025 | Forbes AlexandriaPRESIDENT & CEO | Sale | 47,500 | $8.39 | $398.5K | Form 4 |
| Jul 22, 2025 | Giroux RichardCFO & COO | Sale | 24,000 | $8.52 | $204.5K | Form 4 |
| Jul 8, 2025 | Forbes AlexandriaPRESIDENT & CEO | Sale | 47,500 | $7.97 | $378.6K | Form 4 |
| Apr 22, 2025 | Giroux RichardCFO & COO | Sale | 24,000 | $6.00 | $144.0K | Form 4 |
| Apr 8, 2025 | Forbes AlexandriaPRESIDENT & CEO | Sale | 47,500 | $5.34 | $253.7K | Form 4 |
| Jan 21, 2025 | Giroux RichardCFO & COO | Sale | 24,000 | $6.29 | $151.0K | Form 4 |
| Jan 8, 2025 | Forbes AlexandriaPRESIDENT & CEO | Sale | 11,661 | $6.30 | $73.5K | Form 4 |
| Jan 7, 2025 | Forbes AlexandriaPRESIDENT & CEO | Sale | 35,839 | $6.47 | $231.9K | Form 4 |
| Aug 12, 2024 | EDELMAN JOSEPHDirector | Buy | 1,250,000 | $4.00 | $5.0M | Form 4 |
| May 5, 2023 | PERCEPTIVE LIFE SCIENCES MASTER FUND LTDDirector | Buy | 4,347,826 | $5.75 | $25.0M | Form 4 |
| Jun 3, 2022 | Zeldin Robert KCHIEF MEDICAL OFFICER | Buy | 5,000 | $7.90 | $39.5K | Form 4 |
| May 25, 2022 | Wollin Robert JGENERAL COUNSEL AND SECRETARY | Buy | 1,000 | $7.94 | $7.9K | Form 4 |
All 26 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Rubric Capital Management LPSCHEDULE 13G/A, 2 filings Feb 13, 2026 to Aug 14, 202631
- Adage Capital Management, L.P.SCHEDULE 13G/A, 3 filings Nov 12, 2024 to May 13, 202632
- PERCEPTIVE ADVISORS LLCSCHEDULE 13D/A, 5 filings May 16, 2023 to Apr 24, 202633
- Prosight Management, LPSCHEDULE 13G/A, 4 filings May 15, 2023 to Feb 13, 202634
- ADENA ESTATE INC.SCHEDULE 13G, 1 filing Feb 9, 202435
- ADAGE CAPITAL PARTNERS GP, L.L.C.SC 13G/A, 4 filings Nov 4, 2021 to Feb 7, 202436
- ORBIMED ADVISORS LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 14, 202337
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARStuart Naylor, Chief Dev. Officer
- 19SEC EDGARAlan Sebulsky, Board member
- 20SEC EDGARDebra Yu, Board member
- 21SEC EDGARJoseph Edelman, Board member
- 22SEC EDGARMartin Indyk, Board member
- 23SEC EDGARArnold J. Levine, Board member
- 24SEC EDGARJoel S. Marcus, Board member
- 25SEC EDGARKeith R. Harris, Board member
- 26SEC EDGARNeil Mendoza, Board member
- 27SEC EDGARThomas E. Shenk, Board member
- 28SEC EDGAREllen Hukkelhoven, Board member
- 29SEC EDGARRobert J. Wollin, General counsel
- 30SEC EDGARBruce Gottlieb, General counsel
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