MeiraGTx Holdings plc
MGTX · Biological Products, (No Diagnostic Substances) · 92.6M shares · +12%/yr ↑ dilution · EDGAR filings ↗
Reference price $9.17 · est. market cap ~$849M — last insider sale, 2026-05-19 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D42Clinical/early-stage biotech — gene-therapy clinical with negative book equity and weak liquidity.
Strengths
- Liquidity — current ratio 0.75 (15th)
Risks
- Pre-revenue, deep losses — per metrics
- Pre-revenue/clinical-stage — history of losses & need for capital per risk factors
- Binary clinical & funding risk — per 10-K
Notable findings
- No interest coverageInterest coverage -8.69 (cannot cover interest)
- Cash burnNegative free cash flow (-50.2M)
- Weak liquidityCurrent ratio 0.75 (<1)
- Net lossNet loss (net margin -140.3%)
- Chronic dilutionShare count +12%/yr over 4y (dilution, book value/share -102%)
- Revenue declineRevenue -99.6% YoY
- Insider sellingInsider selling — 4 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-130.2%
Net margin
-140.3%
Return on equity
1971.4%
Return on assets
-46.7%
Revenue growth (QoQ)
-99.6%
Interest coverage
-8.7×
Current ratio
0.7×
Free cash flow
-$50M
EBITDA
-$93M
Tangible book value
-$6M
Cash & investments
$66M
Cash runway
5q
Stock comp / revenue
27.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-10 | Harris Keith R. | Option exercise | 75K | — |
| 2026-05-27 | Giroux Richard | Gift | 7.0K | — |
| 2026-05-19 | Forbes Alexandria | Sell | 62K | $9.17 |
| 2026-04-21 | Giroux Richard | Sell | 56K | $10.22 |
| 2026-04-17 | PERCEPTIVE ADVISORS LLC | Grant | 556K | $9.00 |
| 2026-04-07 | Naylor Stuart | Sell | 28K | $9.36 |
| 2026-03-24 | Forbes Alexandria | Sell | 62K | $7.41 |
| 2026-02-21 | Giroux Richard | Option exercise | 60K | — |
| 2026-02-21 | Giroux Richard | Tax withheld | 32K | $7.45 |
| 2026-02-21 | Forbes Alexandria | Tax withheld | 33K | $7.45 |
| 2026-02-21 | Forbes Alexandria | Option exercise | 62K | — |
| 2026-02-21 | Wollin Robert J | Option exercise | 11K | — |
| 2026-02-21 | Wollin Robert J | Tax withheld | 5.9K | $7.45 |
| 2026-02-21 | Zeldin Robert K | Option exercise | 7.5K | — |
| 2026-02-21 | Zeldin Robert K | Tax withheld | 3.0K | $7.45 |
| 2026-02-21 | Naylor Stuart | Option exercise | 25K | — |
| 2026-02-21 | Naylor Stuart | Tax withheld | 12K | $7.45 |
| 2026-01-17 | Giroux Richard | Tax withheld | 164K | $7.42 |
| 2026-01-17 | Wollin Robert J | Option exercise | 50K | — |
| 2026-01-17 | Wollin Robert J | Tax withheld | 27K | $7.42 |
| 2026-01-17 | Zeldin Robert K | Option exercise | 35K | — |
| 2026-01-17 | Zeldin Robert K | Tax withheld | 14K | $7.42 |
| 2026-01-17 | Naylor Stuart | Option exercise | 75K | — |
| 2026-01-17 | Naylor Stuart | Tax withheld | 35K | $7.42 |
| 2026-01-17 | Giroux Richard | Option exercise | 310K | — |
| 2026-01-17 | Forbes Alexandria | Option exercise | 310K | — |
| 2026-01-17 | Forbes Alexandria | Tax withheld | 164K | $7.42 |
| 2026-01-07 | Zeldin Robert K | Tax withheld | 7.8K | $7.73 |
| 2026-01-07 | Wollin Robert J | Option exercise | 7.5K | — |
| 2026-01-07 | Wollin Robert J | Tax withheld | 4.4K | $7.73 |
| 2026-01-07 | Zeldin Robert K | Option exercise | 18K | — |
| 2026-01-07 | Zeldin Robert K | Tax withheld | 6.7K | $7.73 |
| 2026-01-07 | Naylor Stuart | Option exercise | 38K | — |
| 2026-01-07 | Naylor Stuart | Tax withheld | 18K | $7.73 |
| 2026-01-07 | Giroux Richard | Option exercise | 52K | — |
| 2026-01-07 | Giroux Richard | Tax withheld | 29K | $7.73 |
| 2026-01-07 | Forbes Alexandria | Option exercise | 62K | — |
| 2026-01-07 | Forbes Alexandria | Tax withheld | 34K | $7.73 |
| 2025-12-31 | PERCEPTIVE ADVISORS LLC | Disposition | 2.3M | $7.91 |
| 2025-12-23 | Forbes Alexandria | Gift | 6.2K | — |
| 2025-11-20 | Wollin Robert J | Gift | 5.0K | — |
| 2025-10-21 | Giroux Richard | Sell | 24K | $8.87 |
| 2025-10-07 | Forbes Alexandria | Sell | 48K | $8.39 |
| 2025-07-22 | Giroux Richard | Sell | 24K | $8.52 |
| 2025-07-08 | Forbes Alexandria | Sell | 48K | $7.97 |
| 2025-06-30 | Giroux Richard | Gift | 5.0K | — |
| 2025-06-06 | Harris Keith R. | Option exercise | 75K | — |
| 2025-04-22 | Giroux Richard | Sell | 24K | $6.00 |
| 2025-04-08 | Forbes Alexandria | Sell | 48K | $5.34 |
| 2025-02-21 | Giroux Richard | Tax withheld | 63K | $7.30 |
| 2025-02-21 | Forbes Alexandria | Option exercise | 125K | — |
| 2025-02-21 | Forbes Alexandria | Tax withheld | 66K | $7.30 |
| 2025-02-21 | Wollin Robert J | Option exercise | 22K | — |
| 2025-02-21 | Zeldin Robert K | Option exercise | 15K | — |
| 2025-02-21 | Zeldin Robert K | Tax withheld | 5.9K | $7.30 |
| 2025-02-21 | Wollin Robert J | Tax withheld | 12K | $7.30 |
| 2025-02-21 | Naylor Stuart | Option exercise | 50K | — |
| 2025-02-21 | Naylor Stuart | Tax withheld | 24K | $7.30 |
| 2025-02-21 | Giroux Richard | Option exercise | 120K | — |
| 2025-01-21 | Giroux Richard | Sell | 24K | $6.29 |
| 2025-01-14 | Wollin Robert J | Option exercise | 5.0K | — |
| 2025-01-14 | Zeldin Robert K | Option exercise | 38K | — |
| 2025-01-14 | Zeldin Robert K | Tax withheld | 15K | $5.77 |
| 2025-01-14 | Wollin Robert J | Tax withheld | 2.9K | $5.77 |
| 2025-01-14 | Naylor Stuart | Option exercise | 24K | — |
| 2025-01-14 | Naylor Stuart | Tax withheld | 11K | $5.77 |
| 2025-01-14 | Giroux Richard | Option exercise | 25K | — |
| 2025-01-14 | Giroux Richard | Tax withheld | 13K | $5.77 |
| 2025-01-14 | Forbes Alexandria | Option exercise | 30K | — |
| 2025-01-14 | Forbes Alexandria | Tax withheld | 16K | $5.77 |
| 2025-01-08 | Forbes Alexandria | Sell | 12K | $6.30 |
| 2025-01-07 | Zeldin Robert K | Tax withheld | 6.9K | $6.34 |
| 2025-01-07 | Forbes Alexandria | Option exercise | 62K | — |
| 2025-01-07 | Forbes Alexandria | Tax withheld | 33K | $6.34 |
| 2025-01-07 | Forbes Alexandria | Sell | 36K | $6.47 |
| 2025-01-07 | Wollin Robert J | Option exercise | 7.5K | — |
| 2025-01-07 | Wollin Robert J | Tax withheld | 4.0K | $6.34 |
| 2025-01-07 | Naylor Stuart | Option exercise | 38K | — |
| 2025-01-07 | Naylor Stuart | Tax withheld | 18K | $6.34 |
| 2025-01-07 | Giroux Richard | Option exercise | 52K | — |
| 2025-01-07 | Zeldin Robert K | Option exercise | 18K | — |
| 2025-01-07 | Giroux Richard | Tax withheld | 28K | $6.34 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-15 | Shareholder vote | filing ↗ |
| 2026-05-14 | ResultsExhibits | filing ↗ |
| 2026-04-24 | Material agreementExhibits | filing ↗ |
| 2026-04-16 | Material agreementExhibits | filing ↗ |
| 2026-04-16 | Material agreement1.02Acquisition/dispositionReg FDOtherExhibits | filing ↗ |
| 2026-04-16 | Reg FDOtherExhibits | filing ↗ |
| 2026-03-26 | Material agreementResultsDebt obligationExhibits | filing ↗ |
| 2026-01-02 | Material agreementExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-15 | 2026-06-11 | 0001104659-26-074085 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001104659-26-060726 ↗ |
| 10-Q | 2026-05-14 | 2026-03-31 | 0001104659-26-060739 ↗ |
| 8-K | 2026-04-24 | 2026-04-20 | 0001104659-26-048196 ↗ |
| 8-K | 2026-04-16 | 2026-04-15 | 0001104659-26-044028 ↗ |
| 8-K | 2026-04-16 | 2026-04-16 | 0001104659-26-044025 ↗ |
| 8-K | 2026-04-16 | 2026-04-16 | 0001104659-26-044462 ↗ |
| 10-K | 2026-03-30 | 2025-12-31 | 0001104659-26-036494 ↗ |
| 8-K | 2026-03-26 | 2026-03-25 | 0001104659-26-034904 ↗ |
| 8-K | 2026-01-02 | 2025-12-31 | 0001104659-26-000068 ↗ |
| 8-K | 2025-11-13 | 2025-11-13 | 0001104659-25-110883 ↗ |
| 10-Q | 2025-11-13 | 2025-09-30 | 0001104659-25-110898 ↗ |