MEDICINOVA, INC. financials
Source: EDGAR filings · Built 2026-06-02T03:34:04Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -9.81M | -10.64M | -7.45M | -12.92M | -9.41M | -10.86M |
| EBITDA | -13.26M | -12.65M | -9.88M | -14.61M | -10.19M | -14.16M |
| Working Capital | 27.19M | 38.12M | 47.90M | 55.80M | 69.18M | 58.52M |
| Net Debt | -30.60M | -39.95M | -50.37M | -17.82M | -70.60M | -59.85M |
| Operating Margin | -3242.47% | — | -990.03% | — | -253.02% | — |
| Net Margin | -2928.78% | — | -857.15% | — | -251.00% | — |
| Return on Equity (ROE) | -28.85% | -21.05% | -13.74% | -20.03% | -12.11% | -19.42% |
| Return on Assets (ROA) | -26.31% | -19.78% | -12.93% | -18.97% | -11.59% | -18.37% |
| Current Ratio | 8.16× | 13.88× | 15.61× | 18.51× | 25.42× | 27.67× |
| Debt-to-Equity | 0.01× | 0.01× | 0.01× | 0.01× | 0.01× | 0.00× |
| Effective Tax Rate | -0.05% | -0.05% | -0.04% | -0.02% | -0.03% | 0.01% |
| Cash Conversion Ratio | 0.82× | 0.96× | 0.87× | 0.92× | 0.93× | 0.78× |
| Accruals Ratio | -0.05× | -0.01× | -0.02× | -0.02× | -0.01× | -0.04× |
| SBC % of Revenue | 202.39% | — | 71.07% | — | 42.54% | — |
| CapEx Coverage | -3383.95× | -11891.58× | -348.89× | -2577.16× | -326.52× | -296.68× |
| Free Cash Flow Per Share | $-0.20 | $-0.22 | $-0.15 | $-0.26 | $-0.19 | $-0.24 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 409.66K | — | 1.00M | — | 4.04M | — |
| Research and Development Expense | 6.70M | 6.80M | 5.30M | 8.70M | 8.10M | 7.10M |
| Operating Expenses | 13.69M | 12.68M | 10.90M | 14.63M | 14.25M | 14.18M |
| Operating Income (Loss) | -13.28M | -12.68M | -9.90M | -14.63M | -10.22M | -14.18M |
| Income Tax Expense (Benefit) | 5.99K | 5.54K | 3.05K | 2.82K | 2.57K | -1.65K |
| Net Income (Loss) Attributable to Parent | -12.00M | -11.05M | -8.57M | -14.07M | -10.13M | -13.85M |
| Earnings Per Share, Basic | $-0.24 | $-0.23 | $-0.17 | $-0.29 | $-0.21 | — |
| Weighted Average Number of Shares Outstanding, Basic | 49.06M | 49.05M | 49.05M | 49.05M | 48.60M | — |
| Earnings Per Share, Diluted | $-0.24 | $-0.23 | $-0.17 | $-0.29 | $-0.21 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 49.06M | 49.05M | 49.05M | 49.05M | 48.60M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 30.81M | 40.36M | 51.00M | 18.51M | 71.43M | 60.04M |
| Assets, Current | 30.99M | 41.07M | 51.17M | 58.99M | 72.01M | 60.72M |
| Assets | 45.60M | 55.88M | 66.27M | 74.15M | 87.41M | 75.42M |
| Liabilities, Current | 3.80M | 2.96M | 3.28M | 3.19M | 2.83M | 2.19M |
| Liabilities | 4.02M | 3.37M | 3.89M | 3.91M | 3.73M | 4.09M |
| Stockholders' Equity Attributable to Parent | 41.59M | 52.50M | 62.38M | 70.24M | 83.68M | 71.33M |
| Common Stock, Shares, Outstanding | 49.22M | 49.05M | 49.05M | 49.05M | 49.04M | 45.02M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -9.81M | -10.64M | -7.43M | -12.91M | -9.38M | -10.83M |
| Payments to Acquire Property, Plant, and Equipment | 2.90K | 895 | 21.30K | 5.01K | 28.73K | 36.49K |
| Net Cash Provided by (Used in) Investing Activities | -2.90K | -697 | 39.91M | -40.01M | -28.73K | -36.49K |
| Net Cash Provided by (Used in) Financing Activities | 244.02K | 0 | — | 7.92K | 20.78M | 7.11M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -3.48M | -2.02M | -7.80M | — | -3.78M | -1.93M |
| EBITDA | -2.83M | -3.09M | — | — | -3.20M | -3.18M |
| Working Capital | 25.05M | 27.19M | 29.59M | 32.48M | 35.55M | 38.12M |
| Net Debt | -27.16M | -30.60M | -32.31M | -33.96M | -36.22M | -39.95M |
| Operating Margin | -1516.60% | -2037.97% | -2741.67% | -2679.88% | — | — |
| Net Margin | -1383.14% | -1846.78% | -2473.56% | -2437.75% | — | — |
| Return on Equity (ROE) | -6.56% | -6.74% | -6.94% | -7.00% | -5.74% | -5.36% |
| Return on Assets (ROA) | -6.06% | -6.14% | -6.41% | -6.59% | -5.46% | -5.04% |
| Current Ratio | 9.09× | 8.16× | 9.86× | 13.26× | 17.66× | 13.88× |
| Debt-to-Equity | 0.00× | 0.01× | 0.01× | 0.01× | 0.01× | 0.01× |
| Cash Conversion Ratio | 1.34× | 0.72× | 2.55× | 1.86× | 1.32× | 0.69× |
| Accruals Ratio | 0.02× | -0.02× | 0.10× | 0.06× | 0.02× | -0.02× |
| SBC % of Revenue | 218.07% | 119.00% | 525.90% | 364.67% | — | — |
| CapEx Coverage | -320.57× | — | -2688.26× | — | — | 965866.00× |
| Free Cash Flow Per Share | $-0.07 | $-0.04 | $-0.16 | — | $-0.08 | $-0.04 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 186.98K | 151.74K | 123.32K | 134.60K | — | — |
| Research and Development Expense | 1.20M | 1.40M | 1.50M | 2.00M | 1.70M | 1.80M |
| Operating Expenses | 3.02M | 3.24M | 3.50M | 3.74M | 3.20M | 3.18M |
| Operating Income (Loss) | -2.84M | -3.09M | -3.38M | -3.61M | -3.20M | -3.18M |
| Net Income (Loss) Attributable to Parent | -2.59M | -2.80M | -3.05M | -3.28M | -2.86M | -2.81M |
| Earnings Per Share, Basic | $-0.05 | $-0.05 | $-0.06 | $-0.07 | $-0.06 | $-0.06 |
| Weighted Average Number of Shares Outstanding, Basic | 49.22M | 49.06M | 49.05M | 49.05M | 49.05M | 49.05M |
| Earnings Per Share, Diluted | $-0.05 | $-0.05 | $-0.06 | $-0.07 | $-0.06 | $-0.06 |
| Weighted Average Number of Shares Outstanding, Diluted | 49.22M | 49.06M | 49.05M | 49.05M | 49.05M | 49.05M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 27.33M | 30.81M | 32.56M | 34.26M | 36.57M | 40.36M |
| Assets, Current | 28.15M | 30.99M | 32.92M | 35.12M | 37.68M | 41.07M |
| Assets | 42.70M | 45.60M | 47.58M | 49.82M | 52.43M | 55.88M |
| Liabilities, Current | 3.10M | 3.80M | 3.34M | 2.65M | 2.13M | 2.96M |
| Liabilities | 3.30M | 4.02M | 3.61M | 2.97M | 2.50M | 3.37M |
| Stockholders' Equity Attributable to Parent | 39.41M | 41.59M | 43.96M | 46.86M | 49.93M | 52.50M |
| Common Stock, Shares, Outstanding | 49.22M | 49.22M | 49.05M | 49.05M | 49.05M | 49.05M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.47M | -2.02M | -7.79M | -6.09M | -3.78M | -1.93M |
| Payments to Acquire Property, Plant, and Equipment | 10.82K | 0 | 2.90K | — | 0 | -2 |
| Net Cash Provided by (Used in) Investing Activities | -10.82K | 0 | -2.90K | — | 0 | 1 |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (MNOV CIK 0001226616),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.