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MESOMesoblast Limited
$14.38$1.9B
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MESO logoMesoblast Limited(MESO)Earnings, Financials & Key Ratios

MESO•NASDAQ
$14.09
Price updated Jul 2, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryRegenerative Medicine and Tissue Engineering
AboutMesoblast Limited, a biopharmaceutical company, develops and commercializes allogeneic cellular medicines in the United States, Australia, Singapore, the United Kingdom, and Switzerland. The company offers products in the areas of cardiovascular, spine orthopedic disorder, oncology, hematology, and immune-mediated and inflammatory diseases. Its proprietary regenerative medicine technology platform is based on specialized cells known as mesenchymal lineage cells. The company's products under the Phase III clinical trials include remestemcel-L for the treatment of steroid refractory acute graft versus host disease, as well as acute respiratory distress syndrome due to COVID-19 infection; Rexlemestrocel-L to treat advanced chronic heart failure; and MPC-06-ID for chronic low back pain due to degenerative disc disease. It is also developing MPC-300-IV for the treatment of biologic refractory rheumatoid arthritis diabetic nephropathy. The company has strategic partnerships with Tasly Pharmaceutical Group to offer MPC-150-IM for heart failure and MPC-25-IC for heart attacks in China; JCR Pharmaceuticals Co. Ltd. for the treatment of wound healing in patients with epidermolysis bullosa; and Grünenthal to develops and commercializes cell therapy for the treatment of chronic low back pain. Mesoblast Limited was incorporated in 2004 and is headquartered in Melbourne, Australia.Show more
  • Revenue$17M+191.4%
  • EBITDA-$56M+31.9%
  • Net Income-$102M-16.1%
  • EPS (Diluted)-0.84+5.6%
  • Gross Margin70.17%+111.8%
  • EBITDA Margin-325.87%+76.6%
  • Operating Margin-363.08%+74.5%
  • Net Margin-593.92%+60.1%
  • ROE-18.95%-5.8%

MESO Price & Volume

Mesoblast Limited (MESO) stock price & volume — 10-year historical chart

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Persistent Operational Deficits Challenge Clinical Asset Valuation

Investment Thesis • Updated 2025Q4

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Regulatory and liquidity binary

Key Thesis Takeaways

  • Mesoblast's investment profile is defined by a high-risk, binary reliance on regulatory approvals for its mesenchymal precursor cell platform, which currently fails to generate consistent commercial revenue.
  • The company's structural operating deficit, evidenced by quarterly operating losses reaching $34.4 million, necessitates frequent external capital injections to sustain long-dated clinical development.
  • Investors should monitor the $134.5 million goodwill balance, as failure to secure FDA milestones may trigger significant impairment charges and further erode the firm's $597.4 million equity base.

Verdict Logic

the company's inability to achieve consistent profitability, highlighted by a 2025Q4 net margin of -3.9% and a reliance on milestone-driven revenue, presents an unfavorable risk-reward profile for long-term investors.

MESO Growth Metrics

Mesoblast Limited (MESO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-3.18%
5 Years-11.76%
3 Years18.98%
TTM191.39%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-16.13%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM4.55%

Return on Capital

10 Years-12.2%
5 Years-12.87%
3 Years-11.57%
Last Year-9.77%

MESO Recent Earnings

Mesoblast Limited (MESO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (67%)●Beat Revenue 0/12 qtrs (0%)
Q1 2026Latest
Feb 26, 2026
Metric
Actual
Est
EPS
$0.31-31.2%
$0.24
Rev
$51M-3.2%
$53M
Q4 2025
Sep 3, 2025
Metric
Actual
Est
EPS
$0.21+43.0%
$0.37
Rev
$7M-77.1%
$31M
Q2 2025
Apr 30, 2025
Metric
Actual
Est
EPS
$0.21
—
Rev
$7M-6.2%
$7M
Q1 2025
Feb 26, 2025
Metric
Actual
Est
EPS
$0.21+16.1%
$0.25
Rev
$2M-78.9%
$7M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 26, 2026
$0.31vs $0.24-31.2%
$51Mvs $53M-3.2%
Q4 2025Sep 3, 2025
$0.21vs $0.37+43.0%
$7Mvs $31M-77.1%
Q2 2025Apr 30, 2025
$0.21
$7Mvs $7M-6.2%
Q1 2025Feb 26, 2025
$0.21vs $0.25+16.1%
$2Mvs $7M-78.9%
Based on last 12 quarters of dataView full earnings history →

Latest MESO News

Recent stock market news and headlines for Mesoblast Limited (MESO)

GlobeNewsWire·5 days ago
Mesoblast Receives BLA Filing Number and Requests Modular Review for Rexlemestrocel-L in Patients with End-Stage Heart Failure and LVADs

NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Mesoblast Limited (ASX:MSB; Nasdaq:MESO), global leader in allogeneic cellular medicines for inflammatory diseases, today announced that it has received a Biologics License Application (BLA) filing number from the U.S. Food and Drug Administration (FDA) and has requested a modular review of its BLA for rexlemestrocel-L in prevention of life-threatening gastrointestinal bleeding due to right ventricular dysfunction in end-stage heart failure patients with a left ventricular assist device (LVAD). Rexlemestrocel-L has received Orphan Drug Designation for prevention of life-threatening major mucosal bleeding events and has Regenerative Medicine Advanced Therapy (RMAT) designation for this patient population, providing eligibility for rolling and priority reviews of the BLA.

GlobeNewsWire·Jun 24, 2026
Mesoblast Draws US$50 Million from Five-Year Non-Dilutive Facility

Optimized capital structure, retiring short-term maturing debt Well-funded for commercial operations and growth pipeline NEW YORK, June 24, 2026 (GLOBE NEWSWIRE) -- Mesoblast Limited (Nasdaq:MESO; ASX:MSB), global leader in allogeneic cellular medicines for inflammatory diseases, today announced that it drew down US$50 million from its five-year facility provided by existing Mesoblast shareholder and director Dr. Gregory George. Mesoblast had US$122 million cash at March 30, 2026.

Peers Comparison

Key metrics vs top competitors for Mesoblast Limited (MESO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MESO logoMESOMesoblast LimitedCurrent
$14.09$1.82B-16.77191.39%-593.92%-18.95%—
FATE logoFATEFate Therapeutics, Inc.
$3.02$352.01M-2.63-51.24%-2056.79%-58.89%—
MDXG logoMDXGMiMedx Group, Inc.
$3.90$579.41M12.1919.99%7.88%12.86%—
ANIK logoANIKAnika Therapeutics, Inc.
$15.18$203.42M-19.97-5.91%-9.52%-7.74%—
RGEN logoRGENRepligen Corporation
$138.99$7.84B161.6216.36%6.73%2.46%—
CYTK logoCYTKCytokinetics, Incorporated
$85.26$10.5B-13.04376.56%-784.02%——

Compare MESO vs Peers

Mesoblast Limited (MESO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FATE

Most directly comparable listed peer for MESO.

Scale Benchmark

vs TMO

Larger-name benchmark to compare MESO against a more recognizable public peer.

Peer Set

Compare Top 5

vs FATE, MDXG, ANIK, RGEN

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MESO Frequently Asked Questions

Mesoblast Limited (MESO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Mesoblast Limited's revenue?

Mesoblast Limited (MESO) reported $17.2M in revenue for fiscal year 2025. This represents a 3320% increase from $0.5M in 2005.

How fast is Mesoblast Limited growing?

Mesoblast Limited (MESO) grew revenue by 191.4% over the past year. This is strong growth.

Is MESO profitable?

Mesoblast Limited (MESO) reported a net loss of $102.1M for fiscal year 2025.

Dividend & Returns
What is MESO's return on equity?

Mesoblast Limited (MESO) has a return on equity (ROE) of -19.0%. Negative ROE indicates the company is unprofitable.

What is Mesoblast Limited's free cash flow?

Mesoblast Limited (MESO) had negative free cash flow of $48.7M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in MESO back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

See returns →