Mercari, Inc.

Mercari, Inc.

21.85
USD
-8.72
(-28.52%)
Nov 04Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
100.95
338.97
308
356.81
495.47
676.03
920.02
1,066.41
1,148.85
1,173.81
1,391.52
- -
Basic EPS, GAAP
-2.87
-64.61
-60.64
-95.03
-147.92
36.44
-47.36
81.32
82.52
159.13
214.84
- -
Free Cash Flow per Basic Share
73.61
93.41
-35.56
-62.05
76.39
18.77
-168.21
-225.73
-266.62
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
62.06
32.65
402.3
338.04
222.87
251.23
235.38
340.83
438.53
603.57
830.01
830.01
Tangible Book Value per Share
62.06
30.24
401.41
330.87
218.52
247.06
230.53
335.56
435.05
595.85
805.25
805.25
Basic Weighted Avg Shares
121
65
116
145
154
157
160
161
163
164
165
165
Sales/Revenue/Turnover
12,256
22,071
35,765
51,683
76,275
106,115
147,049
171,967
187,407
192,633
229,293
- -
Operating Margin (%)
-0.35
-12.58
-12.37
-23.51
-25.31
4.89
-2.53
9.53
9.33
14.45
19.15
- -
Depreciation Expense
50
192
440
1,065
1,639
845
818
2,745
2,042
- -
- -
- -
Net Income, GAAP
-348
-4,207
-7,041
-13,764
-22,772
5,720
-7,569
13,113
13,461
26,114
35,401
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
53.47
- -
20.41
24.78
10.1
19.82
- -
Profit Margin (%)
-2.84
-19.06
-19.69
-26.63
-29.86
5.39
-5.15
7.63
7.18
13.56
15.44
- -
Working Capital
7,606
15,860
69,421
90,799
59,149
22,595
75,504
63,733
99,490
100,730
224,623
224,623
LT Debt
- -
12,887
18,956
51,447
51,547
16,148
79,102
86,978
126,477
123,729
129,507
129,507
Total Equity
8,395
4,416
54,421
50,937
35,367
40,013
38,213
55,659
72,144
99,640
137,467
137,467
Return on Invested Capital (%)
- -
- -
- -
- -
- -
2.34
- -
6.54
5.37
8.83
9.67
- -
Return on Capital (%)
- -
- -
- -
- -
- -
6.05
- -
6.94
5.74
9.44
10.18
- -
Return on Common Equity (%)
- -
-65.68
-23.93
-26.13
-53.13
15.37
-19.54
28.15
21.17
30.52
29.96
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Dec'26
Jun'26
ST Debt
- -
125,379
144,814
LT Borrowings
- -
102,452
122,886
LT Finance Leases
- -
6,331
6,621
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
165
165
165
Market Capitalization
385,961
- -
- -

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Dec'26
Jun'26
Total Current Assets
- -
511,934
682,996
Cash, Cash Equivalents & STI
- -
185,857
314,885
Accounts Receivable, Net
- -
309,640
363,953
Inventories
- -
- -
- -
Total Current Liabilities
- -
393,932
458,373
Payables & Accruals
- -
- -
- -
ST Debt
- -
125,379
144,814
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
120.8%
29.37%
37.96%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
83.87%
-74.67%
35.56%
Sales/Revenue/Turnover
35.97%
17.27%
19.03%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
44,271
48,115
43,707
46,529
187,407
2025
- -
- -
- -
- -
192,633
2026
- -
- -
- -
- -
229,293

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17.28
10.68
20.13
28.75
82.52
2025
- -
- -
- -
- -
159.13
2026
- -
- -
- -
- -
214.84

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Shintaro Yamada
Full Time Employees
2,065
Sector
Retail trade
Industry
Internet retail
Address
Roppongi Hills Mori Tower Tokyo TY Japan 106-6125
IPO Date
Jun 19, 2018
Business
Mercari, Inc. Mercari, Inc. (4385.T) operates Japan's leading consumer-to-consumer (C2C) marketplace platform through its flagship Mercari smartphone application, enabling users to buy and sell new and pre-owned items across diverse categories including fashion, electronics, home goods, jewelry, game consoles, shoes, mobile devices, collectibles, and entertainment & hobby products; the company also provides premium services such as promoted listings, expedited shipping via Mercari Now, payment solutions, financial products, and cryptoasset trading through its subsidiary Mercoin, offering assets like Bitcoin, Ethereum, and XRP. Founded in 2013 and headquartered in Tokyo, Japan, Mercari maintains significant operations in the United States with offices in Palo Alto, California, and additional locations in India, Fukuoka, and Sendai; it targets individual consumers and businesses seeking convenient, mobile-first peer-to-peer transactions while promoting sustainability through value circulation and secondhand goods resale. In recent developments, Mercari launched its Global App in September 2025 for overseas buyers in Taiwan and Hong Kong, with plans for U.S. rollout in spring 2026 and expansion to over 50 countries, enhancing crossborder e-commerce with AI translation, localized payments, quality inspections, and partnerships including Stripe for payments, Sagawa Express for shipping, Zero Co., Ltd. for used car transactions in December 2024, and Coincheck in August 2025 to broaden crypto offerings within the Mercari app; these initiatives support domestic businesses' overseas expansion via Mercari Shops, driving gross merchandise value growth exceeding 90 billion JPY annually in crossborder segments.

Company News

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  • Mercari, Inc. (MCARY) Q4 2025 Earnings Call Transcript

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  • Mercari, Inc. (MCARY) Q2 2024 Earnings Call Transcript

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  • Mercari, Inc. (MCARY) Q2 2023 Results - Earnings Call Transcript

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