MoonLake Immunotherapeutics Operating Income

The latest operating income for MLTX is $-200M as of March 2026. That compares with $-110M in the prior-year period — down 77.7% year over year. Investors often review this figure alongside MoonLake Immunotherapeutics's historical trend and sector peers before judging valuation or financial health.

Over the past year, MLTX's operating income moved from $-110M to $-200M — a 77.7% year-over-year decrease. If the trend continues in the same direction for several quarters, it can signal a meaningful shift in MoonLake Immunotherapeutics's operating scale or balance-sheet position.

A operating income figure of $-200M for MLTX is a snapshot of scale on that line item. On its own it does not say whether the business is healthy — you also want growth rate, margins, and how the number compares with similar companies. Explore the charts below for those layers of context.

After noting MLTX's operating income ($-200M), review year-over-year change from $-110M, peer averages, and a few neighboring metrics such as revenue, margins, or valuation multiples. That combination usually beats staring at a single figure. The navigation links on this page jump you to those related views.