NASDAQ$MRSN

Mersana Therapeutics Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Mersana Therapeutics reported Q1 2025 revenue of $1.8M, a net loss of $24.1M.

For Q1 2025, Mersana Therapeutics reported Revenue was $1.8M, net loss was $24.1M. Management discusses operating trends, liquidity, and outlook in the quarterly filing.

  • Revenue $1.8M for Q1 2025.
  • Net loss $24.1M.
  • MD&A highlights operating priorities, liquidity, and sector-specific risks.

Headline financials

Total Revenue

$1.8M

Previous: $9.25M-80.5%
EPS (adj)

-$0.19

Previous: -$0.16-18.8%
Net cash used in ops

$29.3M

No prior period
R&D expenses

$18.3M

Previous: $18.7M-1.8%
G&A expenses

$8.93M

Previous: $11.6M-22.8%
Net Income

-$24.1M

Previous: -$19.3M-25.0%
Operating Income

-$24.5M

Previous: -$21M-16.7%

Revenue & EPS history

Mersana · Revenue · Quarterly

$1.8M

Q1 2025-80.5%vs Q1 2024
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Clinical-stage outlook focuses on trial readouts, partnerships, and cash runway.

Tailwinds

  • Pipeline milestones and collaboration potential.
  • Cash resources to fund R&D programs.

Headwinds

  • Trial and regulatory risk.
  • Operating losses until commercialization.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 12 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.4%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+1.3%

Avg return

30 days after

47%

17 / 36 earnings

Positive

+38.9%

Q2 2022

Best reaction

-20.3%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+2.4%+0.8%+3.0%
Q2 2025+11.6%+22.3%+18.6%
Q1 2025-18.5%-0.2%-3.6%
Q4 2024-8.3%+3.6%-36.7%
Q3 2024+14.5%-3.7%-1.8%
Q2 2024-13.4%-7.2%+25.2%
Q1 2024-20.3%-23.8%-37.4%
Q4 2023+27.4%+33.8%+4.8%
Q3 2023-6.5%-12.9%+46.8%
Q2 2023+0.0%+4.2%+6.7%
Q1 2023+8.9%+8.2%+16.4%
Q4 2022+7.0%+4.4%-26.3%
Q3 2022-11.0%
Q2 2022+38.9%
Q1 2022-11.2%
Q4 2021+14.4%
Q3 2021-1.1%
Q2 2021-2.1%
Q1 2021-5.3%
Q4 2020+7.7%
Q3 2020-4.2%
Q2 2020-1.9%
Q1 2020-3.1%
Q4 2019+3.5%
Q3 2019+7.0%
Q2 2019+2.3%
Q1 2019+14.3%
Q4 2018+4.0%
Q3 2018+7.5%
Q2 2018+0.0%
Q1 2018-3.7%
Q1 2016-8.9%
Q3 2016-4.5%
Q3 2017-5.1%
Q4 2016+3.9%
Q2 2016+3.9%
Q1 2017

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro