Mersana Therapeutics, Inc.

Mersana Therapeutics, Inc.

MRSN
Mersana Therapeutics, Inc.US flagNASDAQ Global Select
29.08
USD
- -
- -
145.36MMarket Cap
Mersana Therapeutics, Inc.
MRSN
(NASDAQ Global Select)

Recent

price

29.08

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
14.8
35.97
36.48
11.5
24.21
0.34
0.02
7.1
7.94
8.26
6.67
Revenue per Share
-23.48
-19.58
-80.49
-69.75
-16.21
-35.8
-60.24
-54.51
-36.96
-14.12
-14.09
Basic EPS, GAAP
-14.66
43.59
-91.12
-61.42
-39.29
-30.56
-49.81
-13.76
-36.83
-16.83
-14.95
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-64.98
-84.56
-203.52
-178.19
-110.58
-114.02
-159.56
-174.76
-177.92
-182.7
-191.26
Book Value per Share
-61.01
-79.49
145.55
9.55
45.02
92.74
43.12
24.57
7.95
-1.94
-11.97
Tangible Book Value per Share
1
1
- -
1
2
2
3
4
5
5
5
Basic Weighted Avg Shares
10
25
18
11
42
1
- -
27
37
40
33
Sales/Revenue/Turnover
-157.75
-54.91
-225.8
-619.74
-71.69
-10,641.3
-392,693.02
-766.59
-463.86
-181.09
-203.06
Operating Margin (%)
- -
1
1
1
1
1
1
1
2
2
1
Depreciation Expense
-16
-14
-39
-64
-28
-88
-170
-204
-172
-69
-70
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-158.59
-54.43
-220.62
-606.54
-66.97
-10,633.45
-395,488.37
-768.26
-465.8
-170.86
-211.21
Profit Margin (%)
2
74
86
5
77
229
141
228
150
74
17
Working Capital
- -
- -
- -
- -
5
15
36
34
28
12
- -
LT Debt
-43
-56
70
9
78
228
122
92
37
-10
-60
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
16
21
2
LT Borrowings
8
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
2
1
39

Working Capital

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
106
80
60
Cash, Cash Equivalents & STI
102
77
56
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
58
59
43
Payables & Accruals
17
18
17
ST Debt
16
21
2
Deferred Revenue
24
20
24

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-13.09%
-125.77%
Free Cash Flow
- -
42.74%
-51.78%
Net Income, GAAP
- -
49.95%
-59.69%
Sales/Revenue/Turnover
- -
12,314.39%
9.88%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
8
11
8
11
37
2024
9
2
13
16
40
2025
3
3
11
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-13.06
-11.74
-8.64
-4.05
-36.96
2024
-3.97
-4.96
-2.34
-2.86
-14.12
2025
-4.85
-4.87
-1.51
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
Mersana Therapeutics, Inc. (Nasdaq: MRSN) is a clinical-stage biopharmaceutical company focused on discovering and developing novel antibody-drug conjugates (ADCs) for patients with cancer and high unmet medical needs. The company leverages its proprietary Dolasynthen platform, which delivers cytotoxic auristatin payloads, and Immunosynthen platform, which delivers stimulator of interferon genes (STING) agonist immunostimulatory payloads, to create customized ADCs with improved efficacy and tolerability over first-generation technologies. Its pipeline includes lead product candidate Emi-Le (emiltatug ledadotin; XMT-1660), a Dolasynthen ADC targeting B7-H4 for indications such as triple-negative breast cancer and adenoid cystic carcinoma; XMT-2056, an Immunosynthen ADC targeting a novel HER2 epitope; and preclinical candidates XMT-2068 and XMT-2175. Mersana Therapeutics maintains strategic research and development collaborations with partners including Janssen Biotech, Inc. (Johnson & Johnson) on Dolasynthen ADCs, Merck KGaA, Darmstadt, Germany on Immunosynthen ADCs, GSK plc, which holds an exclusive global license option for XMT-2056, and Ares Trading S.A. and Asana Biosciences, LLC. In November 2025, Mersana Therapeutics entered into a definitive merger agreement to be acquired by Day One Biopharmaceuticals, Inc. through a tender offer followed by a second-step merger, providing upfront cash consideration of $25.00 per share plus contingent value rights (CVRs) potentially worth up to $30.25 per share tied to clinical, regulatory, and commercial milestones for Emi-Le and certain collaboration milestones, for a total equity value of approximately $129 million at closing and up to $285 million overall; closing is expected by the end of January 2026, subject to customary conditions including majority shareholder tender and regulatory approvals. Recent milestones include FDA Fast Track designations for Emi-Le in HER2 low/negative and previously treated topoisomerase-1 inhibitor metastatic breast cancers in January 2025; $15 million development milestone payments received from GSK in July and September 2025; and U.S. FDA clearance in Q3 2025 of an investigational new drug application for a Dolasynthen ADC under the Johnson & Johnson collaboration, triggering an $8 million milestone. Founded in 2001 and headquartered in Cambridge, Massachusetts, Mersana Therapeutics operates primarily in the United States within the biotechnology sector, targeting oncology markets with a focus on solid tumors; the company, formerly known as Nanopharma Corp. until November 2005, had approximately 102 employees as of mid-2025.

Company News

APIChatGPT
  • Cwm LLC Cuts Stock Holdings in Mersana Therapeutics, Inc. $MRSN

  • Halper Sadeh LLC Encourages UDMY, ALEX, UBFO, MRSN Shareholders to Contact the Firm to Discuss Their Rights

  • BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Alexander & Baldwin, Inc. (NYSE - ALEX), United Security Bancshares (Nasdaq - UBFO), Udemy, Inc. (Nasdaq - UDMY), Mersana Therapeutics, Inc. (Nasdaq - MRSN)

  • Shareholder Alert: The Ademi Firm continues to investigate whether Mersana Therapeutics Inc. is obtaining a Fair Price for its Public Shareholders

  • Mersana Therapeutics Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Mersana Therapeutics, Inc. - MRSN

  • Halper Sadeh LLC Encourages MRSN, CDTX, RYI Shareholders to Contact the Firm to Discuss Their Rights

  • Halper Sadeh LLC Encourages SEMR, EXAS, MRSN Shareholders to Contact the Firm to Discuss Their Rights

  • HAPPY THANKSGIVING AND ALERT: The M&A Class Action Firm Continues to Investigate the Merger – EXAS, SEE, CDTX, and MRSN

  • Mersana Therapeutics Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Mersana Therapeutics, Inc. - MRSN

  • Halper Sadeh LLC Encourages CDTX, MRSN, HOLX Shareholders to Contact the Firm to Discuss Their Rights

  • Mersana Therapeutics, Inc. (MRSN) Reports Q3 Loss, Lags Revenue Estimates

  • $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Mersana Therapeutics, Inc. (NASDAQ: MRSN)

  • Mersana Therapeutics, Inc. (MRSN) M&A Call Transcript

  • Shareholder Alert: The Ademi Firm investigates whether Mersana Therapeutics Inc. is obtaining a Fair Price for its Public Shareholders

  • Day One Biopharma Expands Oncology Pipeline With $285 Million Mersana Buyout

  • MRSN Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Mersana Therapeutics, Inc. is Fair to Shareholders

  • Day One Biopharmaceuticals to Acquire Mersana Therapeutics

  • Mersana Therapeutics to Host Third Quarter 2025 Conference Call on November 14, 2025

  • Wall Street Analysts Think Mersana Therapeutics (MRSN) Could Surge 248.83%: Read This Before Placing a Bet

  • Mersana Therapeutics, Inc. (MRSN) Q2 2025 Earnings Call Transcript