MLTXMoonLake Immunotherapeutics

$15.61

Is it safe?

Can MLTX take a bad year?

MoonLake Immunotherapeutics holds $259M more cash than debt, and is burning $56M a quarter, about 1.6 years of cover.

$259M

Net cash

Net debt / EBITDA
net cash

Net debt / EBITDA · no net borrowings to measure against earnings

Cash runway
1.6 years

Cash runway · burning $56M a quarter at the current rate

Annualised volatility
91%

Annualised volatility · three times the market's own swing

Details
Total debtQ1 2026
$99M
Cash and short-term investments
$358M
Net cash
$259M
EBITDA, trailing twelve months
−$264M
Operating profit, trailing twelve months
−$267M
Debt / equity
0.39×
Annualised volatilitytwo years of daily moves
91%
Worst drawdown on file
−90%
Below its 52-week high
−75%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.