MoonLake Immunotherapeutics (MLTX) Operating Income (2021 - 2026)

MoonLake Immunotherapeutics' (MLTX) quarterly Operating Income came in at -$70.0 million in Q1 2026, down 47.47% year-on-year from -$133.3 million in Q1 2025, and down 7.37% quarter-over-quarter from -$65.2 million in Q4 2025.

MoonLake Immunotherapeutics (MLTX) Operating Income (2021 - 2026) Analysis & Trends

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

  • On a quarterly basis, Operating Income fell 47.47% year-over-year to -$70.0 million in Q1 2026; TTM through Mar 2026 was -$267.4 million, a 56.58% decrease from a year earlier, with the FY2025 full-year figure at -$244.8 million, down 71.1% from the prior year.
  • Operating Income declined to -$70.0 million in Q1 2026 per MLTX's latest filing, from -$65.2 million in the prior quarter.
  • Across five years, Operating Income topped out at -$12.9 million in Q1 2023 and bottomed at -$71.4 million in Q3 2025.
  • The 5-year median for Operating Income is -$19.8 million (2024), against an average of -$33.9 million.
  • Biggest YoY gain for Operating Income was 68.84% in 2022; the steepest drop was 16840.81% in 2022.
  • Year by year, Operating Income stood at -$16.7 million in 2022, then gained by 9.99% to -$15.0 million in 2023, then plunged by 229.9% to -$49.6 million in 2024, then plunged by 31.54% to -$65.2 million in 2025, then fell by 7.37% to -$70.0 million in 2026.
  • Per Business Quant, the three latest MLTX Operating Income figures stand at -$70.0 million (Q1 2026), -$65.2 million (Q4 2025), and -$71.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -27.75 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 249.90 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 61.40 Bn 61.40 Bn - -32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn 394.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - -445.22 Mn
10 MoonLake Immunotherapeutics 1.35 Bn 991.29 Mn - -70.02 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -70.02 Mn
Dec 31, 2025 -65.22 Mn
Sep 30, 2025 -71.43 Mn
Jun 30, 2025 -60.70 Mn
Mar 31, 2025 -47.49 Mn
Dec 31, 2024 -49.58 Mn
Sep 30, 2024 -43.11 Mn
Jun 30, 2024 -30.58 Mn
Mar 31, 2024 -19.82 Mn
Dec 31, 2023 -15.03 Mn
Sep 30, 2023 -12.98 Mn
Jun 30, 2023 -13.19 Mn
Mar 31, 2023 -12.93 Mn
Dec 31, 2022 -16.70 Mn
Sep 30, 2022 -14.77 Mn
Jun 30, 2022 -17.65 Mn
Mar 31, 2022 -15.94 Mn
Dec 31, 2021 -53.58 Mn
Sep 30, 2021 -6.27 Mn
Jun 30, 2021 -32.68 Mn