MLLCF (Molecular Partners AG) Operating Income: $-66.03 Mil (TTM As of Mar. 2026)

What is Molecular Partners AG Operating Income?

Molecular Partners AG MLLCF 25 Operating Income is $-66.03 Mil as of Mar. 2026. GuruFocus rates MLLCF with a GF Score™ of 25/100 and a GF Value™ of $0.42 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Molecular Partners AG's Operating Income for the three months ended in Mar. 2026 was $-17.08 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-66.03 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Molecular Partners AG's Operating Income for the three months ended in Mar. 2026 was $-17.08 Mil. Molecular Partners AG's Revenue for the three months ended in Mar. 2026 was $0.00 Mil. Therefore, Molecular Partners AG's Operating Margin % for the quarter that ended in Mar. 2026 was %.

Molecular Partners AG's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Molecular Partners AG's annualized ROC % for the quarter that ended in Mar. 2026 was -874.52%. Molecular Partners AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1,062.04%.

Molecular Partners AG (OTCPK:MLLCF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Molecular Partners AG's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	-68.3 * ( 1 - 0% )	/	( (8.078	+	7.542)	/ 2 )
=	-68.3	/	7.81
=	-874.52 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	128.13	-	12.323	-	( 116.775	-	max(0, 13.837	-	121.566	+	116.775	))
=	8.078

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	111.34	-	9.642	-	( 100.048	-	max(0, 11.176	-	105.332	+	100.048	))
=	7.542

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Molecular Partners AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-66.744	/	( ( (6.562 + max(-9.607, 0))	+	(6.007 + max(-4.358, 0)) )	/	2 )
=	-66.744	/	( ( 6.562	+	6.007 )	/	2 )
=	-66.744	/	6.2845
=	-1,062.04 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.317	+	0	+	2.4)	-	(12.323	+	0	+	0.00099999999999945)
=	-9.607

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.938	+	0	+	2.346)	-	(9.642	+	0	+	0)
=	-4.358

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Molecular Partners AG's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	-17.075	/	0
	=	%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Molecular Partners AG Operating Income Related Terms

Molecular Partners AG Operating Income Historical Data

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The historical data trend for Molecular Partners AG's Operating Income can be seen below:

Molecular Partners AG Operating Income Chart

Molecular Partners AG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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-68.86

125.18

-70.66

-68.66

-69.57

Molecular Partners AG Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Operating Income	Get a 7-Day Free Trial															-18.27	-18.08	-14.99	-15.90	-17.08

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Molecular Partners AG MLLCF

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Molecular Partners AG Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-66.03 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-66.03 Mil mean?

Molecular Partners AG (MLLCF) has a Operating Income of $-66.03 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Molecular Partners AG and its competitors.

Is Molecular Partners AG's Operating Income too high?

Molecular Partners AG's current Operating Income is $-66.03 Mil. Overall, Molecular Partners AG has a GF Score™ of 25/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Molecular Partners AG's Operating Income compare to VRTX and REGN?

Molecular Partners AG's Operating Income of $-66.03 Mil can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for a Biotechnology company?

A good Operating Income depends on the Biotechnology industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Molecular Partners AG and its competitors. Molecular Partners AG's current Operating Income is $-66.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Molecular Partners AG stock overvalued right now?

Based on GuruFocus' analysis, Molecular Partners AG (MLLCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.42, compared to a current price of $3.60 — trading 757.1% above its estimated fair value. The current Operating Income is $-66.03 Mil. Molecular Partners AG's overall GF Score™ is 25/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Molecular Partners AG (MLLCF), the current Operating Income is $-66.03 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Molecular Partners AG (MLLCF) Overvalued in 2026?

Based on GuruFocus' analysis, Molecular Partners AG stock appears to be overvalued. The current stock price of $3.60 is trading 757.1% above its estimated GF Value™ of $0.42. GuruFocus considers Molecular Partners AG to be Significantly Overvalued.

Key valuation signals for MLLCF:

Operating Income: $-66.03 Mil
GF Value™: $0.42 vs. price of $3.60 (757.1% above fair value)
GF Score™: 25/100 with 3 warning signs

No single metric tells the full story. See the MLLCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Molecular Partners AG Business Description

Industry Healthcare Biotechnology

Comparable Companies XSWX:XLS XSWX:BIOV XSWX:MMTX XSWX:ADXN XSWX:SANN XSWX:NWRN VRTX REGN XBRU:UCB XBRU:ARGX XKRX:207940 ALNY ASX:CSL RVMD ONC MRNA XKRX:068270 RPRX ROIV BNTX

Other Exchanges MOLN:USA MOLNz:UK 0QXX:UK 6ML:Germany MOLN:Switzerland

Address Wagistrasse 14, Schlieren, Zurich, CHE, 8952

Website https://www.molecularpartners.com

Molecular Partners AG is a clinical stage biopharmaceutical company. The Company has programs in various stages of pre-clinical and clinical development, with oncology as its main focus. The firm develops protein therapeutics called DARPin therapeutics for the treatment of serious diseases, including cancer and sight-threatening disorders. The company is currently focusing on oncology through their robust pipeline of clinical and preclinical programs, with particular attention to MP0712, the key Radio-DARPin candidate targeting DLL3 now in a Phase 1/2a trial in the United States.

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$3.60

Price

$0.42

GF Value

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