3 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 24.9% per year over the past 2 years.
Operating margin has contracted, at -380.9% in the latest year.
Financial health
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$25M
-$88M
0.0%
-380.9%
-$89M
—
$42M
2024
$52M
-$78M
0.0%
-170.0%
-$112M
—
$27M
2023
$45M
-$68M
0.0%
-175.4%
-$101M
—
$141M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1M
-$23M
0.0%
-1970.1%
-$21M
—
$25M
Dec '25
$4M
-$23M
0.0%
-623.0%
-$24M
—
$42M
Sep '25
$9M
-$20M
0.0%
-263.8%
-$21M
—
$33M
Jun '25
$9M
-$20M
0.0%
-246.5%
-$21M
—
$27M
Mar '25
$4M
-$25M
0.0%
-674.1%
-$23M
—
$29M
Dec '24
$10M
-$23M
0.0%
-214.5%
-$27M
—
$27M
Sep '24
$12M
-$19M
0.0%
-194.4%
-$28M
—
$25M
Jun '24
$20M
-$11M
0.0%
-84.3%
-$27M
—
$61M
Mar '24
$11M
-$25M
0.0%
-260.2%
-$31M
—
$103M
Dec '23
$12M
-$19M
0.0%
-162.9%
-$22M
—
$141M
Sep '23
$12M
-$20M
0.0%
-181.1%
-$26M
—
$102M
Jun '23
$11M
-$13M
0.0%
-158.4%
-$29M
—
$52M
Mar '23
$9M
-$16M
0.0%
-207.2%
-$24M
—
$96M
Valuation over time
How the market has priced MGX against its own fundamentals since 2024-02 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 10.0× (Feb '24) to 1.8× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is MGX growing its revenue and profit?
Over the past 2 years, Metagenomi Therapeutics, Inc.'s revenue has declined 24.9% per year. These are computed facts, not advice.
How much debt does MGX have?
As of FY2025, Metagenomi Therapeutics, Inc. reported — of total debt against $42M of cash.
What is MGX's profit margin?
In FY2025, gross margin was —, operating margin -380.9%, and net margin -348.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.