MoonLake Immunotherapeutics (MLTX) EBITDA (2021 - 2026)

MoonLake Immunotherapeutics (MLTX) recorded quarterly EBITDA of -$70.0 million in Q1 2026, down 11.63% quarter-over-quarter from -$62.7 million in Q4 2025, and down 61.94% on a YoY basis from -$183.9 million in Q1 2025.

MoonLake Immunotherapeutics (MLTX) EBITDA (2021 - 2026) Analysis & Trends

MoonLake Immunotherapeutics' EBITDA history runs 6 years deep, the most recent figure standing at -$70.0 million for Q1 2026.

  • In Q1 2026, EBITDA fell 61.94% year-over-year to -$70.0 million; the TTM figure through Mar 2026 stood at -$261.6 million (down 77.13% YoY), while the FY2025 annual figure was -$234.8 million, down 97.9% from the prior year.
  • EBITDA was -$70.0 million for Q1 2026 at MoonLake Immunotherapeutics, down from -$62.7 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of -$8.1 million in Q3 2023 to a low of -$70.9 million in Q3 2025.
  • Historically, EBITDA has averaged -$30.5 million across 5 years, with a median of -$17.3 million in 2022.
  • Biggest YoY gain for EBITDA was 68.54% in 2022; the steepest drop was 16491.79% in 2022.
  • A 5-year view of EBITDA shows it stood at -$16.9 million in 2022, then soared by 50.29% to -$8.4 million in 2023, then slumped by 425.18% to -$44.2 million in 2024, then sank by 41.87% to -$62.7 million in 2025, then slipped by 11.63% to -$70.0 million in 2026.
  • The last three EBITDA figures came in at -$70.0 million (Q1 2026), -$62.7 million (Q4 2025), and -$70.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Alterity Therapeutics 788,338.31 Bn 788,338.28 Bn - -
2 Belite Bio 56,560.00 Bn 56,560.00 Bn - -26.92 Mn
3 Quantum Biopharma 17,329.30 Bn 17,329.30 Bn - -13.63 Mn
4 Legend Biotech 3,341.00 Bn 3,340.71 Bn 242.10 Mn -19.70 Mn
5 Akari Therapeutics 1,727.91 Bn 1,727.91 Bn - -14.44 Mn
6 Evaxion A 1,536.68 Bn 1,536.67 Bn - -3.82 Mn
7 Psyence Biomedical 238.34 Bn 238.33 Bn - -752,618.00
8 Vertex Pharmaceuticals 113.42 Bn 106.17 Bn 2.59 Bn 1.14 Bn
9 Abivax 95.45 Bn 95.45 Bn - -65.83 Mn
10 MoonLake Immunotherapeutics 1.27 Bn 910.04 Mn - -69.99 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -69.99 Mn
Dec 31, 2025 -62.70 Mn
Sep 30, 2025 -70.94 Mn
Jun 30, 2025 -57.95 Mn
Mar 31, 2025 -43.22 Mn
Dec 31, 2024 -44.19 Mn
Sep 30, 2024 -36.56 Mn
Jun 30, 2024 -23.70 Mn
Mar 31, 2024 -13.71 Mn
Dec 31, 2023 -8.42 Mn
Sep 30, 2023 -8.14 Mn
Jun 30, 2023 -10.49 Mn
Mar 31, 2023 -9.02 Mn
Dec 31, 2022 -16.93 Mn
Sep 30, 2022 -10.00 Mn
Jun 30, 2022 -17.31 Mn
Mar 31, 2022 -15.61 Mn
Dec 31, 2021 -53.81 Mn
Sep 30, 2021 -6.29 Mn
Jun 30, 2021 -32.69 Mn