MGX · NASDAQ · Biotechnology

Metagenomi Therapeutics (MGX)

Develops genetic medicines from microbial genome-editing systems.

$1.17
At close0.00 (0.00%)
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Metagenomi, Inc. Common StockMGXHealth Care

Genetic medicines are developed from editing systems discovered in microbial genomes. A modular platform supports a wholly owned hemophilia A program, later-stage preclinical programs, and selected cardiometabolic work with Ionis.

Develops in-vivo genetic medicines from editing systems discovered in microbial genomes. Its modular platform includes programmable nucleases, base editors, and RNA- and DNA-mediated integration systems.

The wholly owned pipeline is centered on MGX-001 for hemophilia A, alongside later-stage preclinical programs. The company also advances selected cardiometabolic programs with Ionis through its site-specific integration, deletion, and correction capabilities.

Its development model combines discovery and engineering with collaborations. It retains full global rights to specified editing technologies. Progress depends on financing, clinical and regulatory advancement, and its ability to develop programs and collaborations.

Company facts

CEOJian Irish, Ph.D., M.B.A.
ListedFeb 9, 2024
ExchangeNASDAQ
HeadquartersEmeryville, CA
CountryUnited States
Employees119
CIK0001785279
ISINUS59102M1045

Market cap$43.7M
EPS (ttm)−$2.49
P/E (ttm)−0.4659
ROE-63.6%
P/B0.3881
P/S3.22
Dividend yieldDiv yield
Beta1.63vs XLV 0.43

Price target$14.50+1,150.0%Avg of 5 analysts
ConsensusBuy4 of 5 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 10, 2026
estimated · in 68 days
EPS estimate
−$0.64
Revenue estimate
$2.6M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

May '25Aug '25Nov '25Mar '26May '26Aug '26Aug '26Nov '26
Reported−$0.68−$0.54−$0.55−$0.60−$0.61−$0.73−$0.73Pending
Estimate−$0.62−$0.68−$0.60−$0.58−$0.60−$0.55−$0.55−$0.64
Surprise−9.7%+20.6%+8.3%−3.4%−1.7%−32.0%−32.0%

RevenueReportedEstimate

May '25Aug '25Nov '25Mar '26May '26Aug '26Aug '26Nov '26
Reported$4.1M$8.5M$8.7M$3.9M$1.2M−$257.0KPending
Estimate$8.3M$7.9M$7.8M$7.3M$5.9M$3.0M$3.0M$2.6M
Surprise−50.3%+7.2%+10.7%−46.6%−78.9%−108.5%
Estimate−$0.64
ReportedDue Nov 10, 2026
Estimate$2.6M
ReportedDue Nov 10, 2026
View details

Debt to equity33.50%
Current ratio450.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$11.5M$9.6M$4.1M$8.5M$8.7M$3.9M$1.2M−$257.0K
Net income−$18.8M−$23.4M−$25.0M−$19.9M−$20.4M−$22.5M−$23.1M−$27.5M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$22.4M−$20.6M−$27.8M−$21.0M−$22.8M−$24.4M−$24.6M−$28.8M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $120.7M · Total debt $37.7M · Total assets $173.7M · Shareholders' equity $112.6M

Revenue
−$257.0K
Operating income
−$28.8M
Net income
−$27.5M
View details

No dividends on record.

Institutions47 holders · as of Mar 31, 202617.11%6.46M shares
Insiders5 holders · as of Jun 10, 20269.29%3.51M shares
Otherremainder73.60%27.80M shares

37.78M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Brian C. ThomasInsiderdirector
6.65%2.51MForm 4filed Dec 8, 2025
Vanguard Capital Management LLCInstitution
2.80%1.06M13Fas of Mar 31, 2026
Renaissance Technologies LLCInstitution
2.09%787,90013Fas of Mar 31, 2026
Jian IrishInsiderdirector, officer: See Remarks
1.47%556,016Form 4filed Jun 10, 2026
Catalio Capital Management, LPInstitution
1.40%528,99313Fas of Mar 31, 2026
See all 25

13F — a manager's quarterly holdings · Form 4 — an insider's transaction report

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 5, 2026Matthew Weinofficer: See Remarks−558$1.30
Jun 5, 2026Jian Irishdirector, officer: See Remarks−3,737$1.30
Jun 5, 2026Pamela Wapnickofficer: Chief Financial Officer−2,884$1.30
Mar 5, 2026Jian Irishdirector, officer: Chief Executive Officer−1,607$1.60
Mar 5, 2026Matthew Weinofficer: See Remarks−482$1.60
View details

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