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Financial statements

Monte Rosa Therapeutics, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Monte Rosa Therapeutics, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2021FY2022FY2023FY2024FY2025
Revenue075.6124
Research and development2457.285.1111122142
General and administrative4.0115.727.33235.236.4
Operating expenses2872.9112143157178
Operating income-28-72.9-112-143-81.1-54.2
Other non-operating income-7.87-1.083.888.31114.5
Pre-tax income-10.1-9.88-109-135-70.1-39.7
Income tax00.342.57-1.1
Net income-35.9-74-109-135-72.7-38.6
EBITDA-27.5-70.8-109-137-73-45.9
EPS, basic-23.65-2.96
EPS, diluted-23.65-2.96
Shares, basic (weighted)1.522547.251.473.983.1
Shares, diluted (weighted)1.522547.251.473.983.1

Balance sheet

FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents41.734654.9128224130
Other current assets1.892.64.443.295.124.48
Total current assets43.6349276236377393
Property, plant and equipment4.6212.327.133.829.526
Lease right-of-use assets034.828.826.824.4
Other non-current assets00.280.350.120.15
Total assets49.4366342304439449
Accounts payable7.076.567.8611.217.23.55
Accrued liabilities1.134.35.627.5918.826.7
Deferred revenue017.711729.6
Total current liabilities29.316.625.646.615764.2
Lease liabilities043.942.93934.8
Total liabilities30.318.871125216216
Paid-in capital0.4472504548665714
Retained earnings-48.1-122-231-366-439-477
Other comprehensive income-1.06-2.02-1.75-2.72-3.36-3.83
Shareholders' equity-48.7348271179223233
Total equity-48.7348271179223233
Total liabilities and equity49.4366342304439449
Shares outstanding1.6946.549.350.161.565.5

Cash flow statement

FY2021FY2021FY2022FY2023FY2024FY2025
Net income-35.9-74-109-135-72.7-38.6
Depreciation and amortization0.542.133.756.228.128.36
Stock-based compensation0.355.211.716.718.118.9
Change in payables3.44-0.71-0.745.766.25-13.7
Cash from operations-23.1-59.4-92.5-43.842-22.8
Capital expenditures-3.39-9.73-12.9-19-3.99-4.7
Purchases of investments0-384-103-230-377
Sales and maturities of investments0045.60
Cash from investing-3.39-9.65-21988.8-44.5-102
Stock issued0020.101.065.72
Dividends paid00000
Cash from financing60.137820.527.598.930.4
Net change in cash33.6309-29172.596.4-94.3
Free cash flow-26.4-69.1-105-62.838-27.5
Income taxes paid2.645.18

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $11.77 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-633.0%Operating income / revenue.
EBITDA margin-604.8%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-570.8%Pre-tax income / revenue.
Net margin-560.9%Net income / revenue.
FCF margin-111.7%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-83.8%Cash from operations / revenue.
Return on equity (ROE)-33.1%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-23.3%Net income / average total assets.
Return on invested capital (ROIC)-36.2%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue594.2%Research and development expense / revenue.
Stock-based pay / revenue71.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue27.9%Capital expenditures / revenue.
D&A / revenue28.3%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y63.5%Revenue vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-154.3%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-172.3%Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y4.5%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-5.0%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y2.3%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y9.4%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y55.5%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y12.4%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y20.7%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y122.7%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio10.6xCurrent assets / current liabilities.
Quick ratio1.51x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio1.51x(Cash + short-term investments) / current liabilities.
Liabilities / assets29.5%Total liabilities / total assets.
Working capital$571.7MCurrent assets - current liabilities.
Tangible book value$487.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.04xRevenue / average total assets.
Fixed asset turnover0.96xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.59Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.28Revenue / diluted weighted shares.
FCF per share-$0.32Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.24Cash from operations / diluted weighted shares.
Book value per share$5.72Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$5.72Tangible book value / shares outstanding.
Cash per share$1.06(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.00BShare price x shares outstanding.
Enterprise value$914.0MMarket cap + total debt - cash - short-term investments.
P/S35.0xMarket cap / revenue.
P/B2.06xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book2.06xMarket cap / tangible book value, when positive.
EV/Sales31.8xEnterprise value / revenue.
FCF yield-3.2%Free cash flow / market cap.
Earnings yield-16.0%Net income / market cap (the inverse of P/E).
Dividend yield0.0%Dividends paid over the period / market cap.
Shareholder yield0.0%(Dividends paid + share buybacks) / market cap.
What was Monte Rosa Therapeutics, Inc.'s revenue in fiscal 2025?

Monte Rosa Therapeutics, Inc. reported revenue of $123.7M for fiscal 2025, 63.5% higher than the year before.

Was Monte Rosa Therapeutics, Inc. profitable in fiscal 2025?

No. It reported a net loss of $38.6M.

How much free cash flow did Monte Rosa Therapeutics, Inc. generate in fiscal 2025?

Cash from operations of $22.8M minus capital expenditures of $4.7M left free cash flow of -$27.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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