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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flow from operating activities    
Net loss $ (40,559,000) $ (13,975,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 378,000 328,000
Share-based compensation expense 2,290,000 1,677,000
Net periodic pension benefit gain for the qualified pension plan (4,000) 0
Other non-cash items 124,000 (133,000)
Changes in operating assets and liabilities:    
Other receivables (146,000) (439,000)
Operating lease right-of-use assets 0 (5,000)
Prepaid expenses 273,000 (833,000)
Other non-current assets (1,698,000) 0
Trade and other payables 3,013,000 1,645,000
Operating lease liabilities (255,000) (406,000)
Accrued expenses and other current liabilities (1,556,000) (2,807,000)
Net cash flow used in operating activities (38,140,000) (14,948,000)
Cash flow from investing activities    
Purchase of short-term marketable debt securities (88,548,000) (87,713,000)
Proceeds from maturities of short-term marketable debt securities 144,829,000 59,121,000
Purchase of property and equipment (35,000) (212,000)
Net cash flow provided by (used in) investing activities 56,246,000 (28,804,000)
Cash flow from financing activities    
Proceeds from long-term debt, net of issuance costs 73,022,000 0
Issuance of Class A Ordinary Shares, net of transaction costs 0 52,540,000
Proceeds from options exercised under ESOP 100,000 0
Stamp duty on capital injection from MoonLake to MoonLake AG 0 (1,562,000)
Net cash flow provided by financing activities 73,122,000 50,978,000
Effect of movements in exchange rates on cash held (88,000) 46,000
Net change in cash and cash equivalents 91,140,000 7,272,000
Cash and cash equivalents, beginning of period 180,426,000 451,169,000
Cash and cash equivalents, end of period 271,566,000 458,441,000
Supplementary disclosure of cash flow information:    
Non-cash operating lease right-of-use assets obtained in exchange for lease obligations $ 0 $ 370,000