NASDAQ$MRUS

Merus Nv · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

MRUS reported Q3 2025, revenue of $12.2M, net loss of $95.5M, diluted EPS of $-1.26.

For Q3 2025, MRUS reported revenue of $12.2M, a net loss of $95.5M, diluted EPS was $-1.26. Management discusses segment performance, capital allocation, and outlook in the earnings filing.

  • Revenue $12.2M.
  • Net loss $95.5M.
  • Diluted EPS $-1.26.

Headline financials

Total Revenue

$12.2M

Previous: $11.8M+3.2%
EPS (adj)

-$1.26

Previous: -$1.46+13.7%
R&D Expense

$80M

No prior period
G&A Expense

$28.6M

No prior period
Total Operating Expenses

$109M

No prior period
Interest Income

$8.83M

No prior period
Foreign Exchange Loss

-$2.17M

No prior period
Other Income

$119K

No prior period
Income Tax Expense

$5.82M

No prior period
Currency Translation Adjustment

$1.08M

No prior period
Comprehensive Loss

-$94.4M

No prior period
Weighted Avg. Shares Outstanding

75.7M

No prior period
Marketable Securities

$449M

No prior period
Accounts Receivable

$19.2M

No prior period
Prepaid & Other Current Assets

$36.8M

No prior period
Total Current Assets

$692M

No prior period
Property & Equipment, Net

$11.4M

No prior period
Operating Lease ROU Assets

$11.6M

No prior period
Intangible Assets, Net

$1.75M

No prior period
Deferred Tax Assets

$1.2M

No prior period
Other Assets

$3.42M

No prior period
Accounts Payable

$8.39M

No prior period
Accrued Expenses & Liabilities

$44.6M

No prior period
Income Taxes Payable

$6.74M

No prior period
Current Lease Obligation

$2.76M

No prior period
Current Deferred Revenue

$24.4M

No prior period
Total Current Liabilities

$86.8M

No prior period
Lease Obligation

$9.56M

No prior period
Deferred Revenue (Non-current)

$32.9M

No prior period
Total Liabilities

$129M

No prior period
Common Shares Outstanding

75.8M

No prior period
Additional Paid-In Capital

$2.07B

No prior period
Accumulated Deficit

-$1.32B

No prior period
Accum. Other Comprehensive Income

$19.5M

No prior period
Total Shareholders’ Equity

$775M

No prior period
Net Income

-$95.5M

Previous: -$99.9M+4.4%
Operating Income

-$96.5M

Previous: -$72.2M-33.6%
Gross Profit

$12.2M

Previous: $11.8M+3.2%
Cash & Equivalents

$367M

No prior period
Total Assets

$904M

No prior period

Revenue & EPS history

Merus · Revenue · Quarterly

$12.2M

Q3 2025+3.2%vs Q3 2024
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The release discusses MRUS's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • MRUS cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • GAAP profitability remained under pressure in Q3 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

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

Avg. return before/after earnings

Based on 8 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.5%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.7%

Avg return

30 days after

49%

19 / 39 earnings

Positive

+19.7%

Q3 2023

Best reaction

-16.2%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025-0.2%+0.2%+1.0%
Q2 2025-2.8%-4.2%+0.1%
Q1 2025-0.3%+0.4%+28.4%
Q4 2024+1.5%+3.6%-18.8%
Q3 2024-1.9%+0.8%-12.4%
Q2 2024-1.8%-5.8%-4.3%
Q1 2024-7.4%-5.8%+8.7%
Q4 2023-0.9%+2.3%-8.1%
Q3 2023+19.7%
Q2 2023-11.7%
Q1 2023+9.9%
Q4 2022+4.0%
Q3 2022-16.2%
Q2 2022-8.4%
Q1 2022+0.8%
Q4 2021+6.4%
Q3 2021+8.1%
Q2 2021+3.0%
Q1 2021-3.8%
Q4 2020+3.2%
Q3 2020-3.2%
Q2 2020-1.5%
Q1 2020+3.5%
Q4 2019+11.9%
Q3 2019-0.8%
Q2 2019+7.7%
Q1 2019+3.0%
Q4 2018+3.8%
Q3 2018+2.5%
Q2 2018-2.8%
Q1 2018-1.1%
Q4 2017+2.6%
Q3 2017-7.1%
Q2 2017+5.0%
Q1 2017+0.1%
Q4 2016-3.5%
Q3 2016+4.2%
Q2 2016-1.5%
Q1 2016-3.4%
Q4 2014
Q2 2014
Q1 2014

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