NASDAQ$MRSN

Mersana Therapeutics Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Mersana Therapeutics reported Q2 2025, net loss of $35M, diluted EPS of $-0.24.

For Q2 2025, Mersana Therapeutics reported a net loss of $35M, diluted EPS was $-0.24. The filing discusses segment trends, liquidity, and management outlook for upcoming periods.

  • Net loss $35M.
  • Diluted EPS $-0.24.
  • Mersana Therapeutics highlights operating priorities and capital allocation.

Headline financials

Total Revenue

$0.00

Previous: $2.29M-100.0%
EPS (adj)

-$0.24

Previous: -$0.20-20.0%
Net cash used in ops

$22.6M

No prior period
R&D expenses

$16.2M

Previous: $17.2M-6.0%
G&A expenses

$7.42M

Previous: $10.5M-29.4%
Net Income

-$35M

Previous: -$24.3M-44.2%
Operating Income

-$24.5M

Previous: -$25.5M+3.7%

Revenue & EPS history

Mersana · Revenue · Quarterly

$0

Q2 2025-100%vs Q2 2024
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

The release discusses Mersana Therapeutics's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Mersana Therapeutics cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • GAAP profitability remained under pressure in Q2 2025.
  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

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 Q2 2025

Historical avgQ2 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