Merus N.V. (MRUS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Sales/Revenue | 10.37M | 7.49M | 24.48M | 8.82M | 10.57M | 6.84M | 7.31M | 8.1M | 10.44M | 9.6M | 12.44M | 9.96M | 6.72M | 12.11M | 10.53M | 12.92M | 11.8M | 10.44M | 7.12M | 7.38M |
| Revenue Growth % | -1.88% | 9.5% | 234.89% | 8.97% | 1.31% | -28.71% | -41.25% | -18.71% | 55.39% | -20.7% | 18.13% | -22.92% | -43.09% | 15.99% | 47.91% | 75.1% | 61.48% | 93.68% | 24.57% | 6.25% |
| Cost of Goods Sold | 548.99K | 79.74M | 74.05M | 8.14M | 6.44M | 45.85M | 35.76M | 2.48M | 2.8M | 25.93M | 32.14M | 45.8M | 43.17M | 29.68M | 24.38M | 23.5M | 22.46M | 20.75M | 17.75M | 17.85M |
| COGS % of Revenue | 5.29% | 1063.96% | 302.46% | 92.21% | 60.87% | 669.93% | 489.09% | 30.59% | 26.82% | 270.12% | 258.28% | 459.83% | 642.87% | 245.16% | 231.45% | 181.87% | 190.34% | 198.82% | 249.17% | 241.86% |
| Gross Profit | 9.82M | -72.25M | -49.57M | 687.29K | 4.14M | -39.01M | -28.45M | 5.62M | 7.64M | -16.33M | -19.7M | -35.84M | -36.46M | -17.57M | -13.85M | -10.58M | -10.66M | -10.31M | -10.62M | -10.47M |
| Gross Margin % | 94.71% | -963.96% | -202.46% | 7.79% | 39.13% | -569.93% | -389.09% | 69.41% | 73.18% | -170.12% | -158.28% | -359.83% | -542.87% | -145.16% | -131.45% | -81.87% | -90.34% | -98.82% | -149.17% | -141.86% |
| Gross Profit Growth % | 137.5% | -85.21% | -74.26% | -87.77% | -45.84% | -138.84% | -44.41% | 115.68% | 120.95% | 7.07% | -42.24% | -238.78% | -241.94% | -70.38% | -30.33% | -1.05% | -39.41% | -51.46% | -9.58% | 0.56% |
| Operating Expenses | 92.2M | 21.44M | 20.44M | 86.26M | 69.01M | 21.08M | 14.93M | 48.68M | 43.93M | 14.72M | 14.18M | 14.27M | 12.72M | 12.12M | 10.62M | 9.51M | 8.78M | 8.91M | 7.96M | 7.96M |
| OpEx % of Revenue | 888.77% | 286.04% | 83.48% | 977.72% | 652.72% | 308.06% | 204.26% | 601.26% | 420.94% | 153.33% | 113.98% | 143.29% | 189.47% | 100.09% | 100.84% | 73.58% | 74.41% | 85.38% | 111.77% | 107.81% |
| Selling, General & Admin | 23.88M | 21.44M | 20.44M | 22.56M | 18.65M | 21.08M | 14.93M | 14.31M | 11.91M | 14.72M | 14.18M | 14.27M | 12.72M | 12.12M | 10.62M | 9.51M | 8.78M | 8.91M | 7.96M | 7.96M |
| SG&A % of Revenue | 230.19% | 286.04% | 83.48% | 255.65% | 176.39% | 308.06% | 204.26% | 176.71% | 114.12% | 153.33% | 113.98% | 143.29% | 189.47% | 100.09% | 100.84% | 73.58% | 74.41% | 85.38% | 111.77% | 107.81% |
| Research & Development | 68.32M | 79.74M | 74.05M | 84.2M | 56.79M | 45.85M | 35.76M | 42.2M | 34.82M | 25.93M | 32.14M | 51.31M | 43.17M | 29.68M | 24.38M | 31.67M | 22.46M | 20.75M | 17.75M | 22.76M |
| R&D % of Revenue | 658.58% | 1063.96% | 302.46% | 954.33% | 537.2% | 669.93% | 489.09% | 521.14% | 333.64% | 270.12% | 258.28% | 515.15% | 642.87% | 245.16% | 231.45% | 245.09% | 190.34% | 198.82% | 249.17% | 308.41% |
| Other Operating Expenses | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | -82.37M | -93.69M | -70.01M | -85.58M | -64.87M | -60.09M | -43.38M | -43.06M | -36.29M | -31.05M | -33.88M | -50.12M | -49.18M | -29.69M | -24.47M | -20.09M | -19.44M | -19.23M | -18.59M | -18.43M |
| Operating Margin % | -794.06% | -1250% | -285.94% | -969.93% | -613.59% | -877.99% | -593.35% | -531.85% | -347.76% | -323.45% | -272.26% | -503.12% | -732.34% | -245.25% | -232.29% | -155.45% | -164.75% | -184.2% | -260.95% | -249.67% |
| Operating Income Growth % | -26.98% | -55.9% | -61.39% | -98.72% | -78.75% | -93.52% | -28.03% | 14.07% | 26.21% | -4.58% | -38.45% | -149.47% | -152.95% | -54.43% | -31.66% | -9.02% | -25.94% | -37.65% | -4.67% | 9.9% |
| EBITDA | -81.82M | -93.15M | -69.47M | -85.01M | -64.3M | -59.5M | -42.82M | -42.5M | -35.67M | -30.43M | -33.34M | -49.82M | -48.88M | -29.38M | -24.15M | -19.81M | -19.11M | -18.9M | -18.25M | -18.09M |
| EBITDA Margin % | -788.77% | -1242.81% | -283.75% | -963.49% | -608.2% | -869.26% | -585.65% | -524.94% | -341.78% | -317.01% | -267.9% | -500.2% | -727.78% | -242.71% | -229.27% | -153.27% | -161.94% | -181.11% | -256.18% | -245.14% |
| EBITDA Growth % | -27.25% | -56.56% | -62.25% | -100% | -80.27% | -95.49% | -28.42% | 14.69% | 27.02% | -3.57% | -38.03% | -151.54% | -155.74% | -55.44% | -32.38% | -9.48% | -26.37% | -38.35% | -4.49% | 10.24% |
| D&A (Non-Cash Add-back) | 548.99K | 539.12K | 537.02K | 568.56K | 570.29K | 597.44K | 562.51K | 559.78K | 623.35K | 618.57K | 542.08K | 291.38K | 306.15K | 307.35K | 317.27K | 281.15K | 331.55K | 322.95K | 339.49K | 333.99K |
| EBIT | -76.59M | -93.69M | -70.01M | -85.58M | -64.87M | -60.09M | -43.38M | -43.06M | -36.29M | -31.05M | -33.88M | -50.12M | -49.18M | -29.69M | -24.47M | -20.09M | -19.44M | -19.23M | -18.59M | -18.43M |
| Net Interest Income | 7.54M | 7.12M | 7.2M | 8.49M | 10.25M | 7.13M | 4.92M | 5.2M | 4.52M | 2.79M | 2M | 1.43M | 866K | -316K | -106K | -29K | -25K | -51K | -82K | -67K |
| Interest Income | 7.54M | 7.12M | 7.2M | 8.49M | 10.25M | 7.13M | 4.92M | 5.2M | 4.52M | 2.79M | 2M | 1.43M | 866K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 316K | 106K | 29K | 25K | 51K | 82K | 67K |
| Other Income/Expense | 5.78M | -39.05M | -17.45M | 57.42M | -22.18M | 15.54M | 12.47M | -10.48M | 15.58M | 3.07M | -3.18M | -26.08M | 24.4M | 24.36M | 7.5M | 7.54M | 6.61M | -3.81M | 9.97M | -4.3M |
| Pretax Income | -76.59M | -132.74M | -87.46M | -28.15M | -87.05M | -44.55M | -30.91M | -53.55M | -20.71M | -27.99M | -37.06M | -76.19M | -24.79M | -5.33M | -16.97M | -12.55M | -12.83M | -23.04M | -8.62M | -22.73M |
| Pretax Margin % | -738.3% | -1771.04% | -357.21% | -319.08% | -823.38% | -650.91% | -422.84% | -661.33% | -198.44% | -291.51% | -297.79% | -764.91% | -369.06% | -44.02% | -161.12% | -97.1% | -108.74% | -220.74% | -121.02% | -307.96% |
| Income Tax | 4.97M | 1.59M | 1.71M | 1.7M | 2.67M | 2.16M | 1.02M | 942.32K | 1.06M | 1.37M | -420.24K | 361.42K | 333.7K | 125.04K | 103.04K | 122.13K | -9.5K | 52.28K | 41.8K | 162.08K |
| Effective Tax Rate % | -6.48% | -1.2% | -1.96% | -6.03% | -3.07% | -4.85% | -3.29% | -1.76% | -5.11% | -4.89% | 1.13% | -0.47% | -1.35% | -2.35% | -0.61% | -0.97% | 0.07% | -0.23% | -0.48% | -0.71% |
| Net Income | -81.55M | -134.33M | -89.17M | -29.85M | -89.72M | -46.71M | -31.93M | -54.49M | -21.77M | -29.36M | -36.64M | -76.55M | -25.12M | -5.45M | -17.08M | -12.67M | -12.82M | -23.09M | -8.66M | -22.89M |
| Net Margin % | -786.17% | -1792.23% | -364.22% | -338.33% | -848.67% | -682.51% | -436.76% | -672.93% | -208.57% | -305.78% | -294.4% | -768.54% | -374.03% | -45.05% | -162.1% | -98.04% | -108.66% | -221.25% | -121.6% | -310.16% |
| Net Income Growth % | 9.11% | -187.55% | -179.27% | 45.22% | -312.2% | -59.14% | 12.85% | 28.83% | 13.35% | -438.23% | -114.54% | -504.2% | -95.88% | 76.38% | -97.17% | 44.65% | 34.83% | -44.38% | 42.15% | -0.99% |
| Net Income (Continuing) | -81.55M | -134.33M | -89.17M | -29.85M | -89.72M | -46.71M | -31.93M | -54.49M | -21.77M | -29.36M | -36.64M | -76.55M | -25.12M | -5.45M | -17.08M | -12.67M | -12.82M | -23.09M | -8.66M | -22.89M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.26 | -2.23 | -1.40 | -0.45 | -1.46 | -0.81 | -0.59 | -1.04 | -0.43 | -0.66 | -0.86 | -1.77 | -0.53 | -0.13 | -0.43 | -0.35 | -0.39 | -0.71 | -0.28 | -0.96 |
| EPS Growth % | 13.7% | -175.31% | -137.29% | 56.73% | -239.53% | -22.73% | 31.4% | 41.24% | 18.87% | -407.69% | -100% | -405.71% | -35.9% | 81.69% | -53.57% | 63.54% | 50.63% | -14.52% | 50.88% | 14.29% |
| EPS (Basic) | -1.26 | -2.23 | -1.40 | -0.45 | -1.46 | -0.81 | -0.59 | -1.04 | -0.43 | -0.66 | -0.86 | -1.77 | -0.53 | -0.13 | -0.43 | -0.46 | -0.39 | -0.71 | -0.28 | -0.96 |
| Diluted Shares Outstanding | 75.68M | 71.1M | 69.02M | 68.83M | 68.25M | 61.85M | 58.09M | 57.83M | 53.87M | 48.32M | 46.32M | 46.31M | 46.06M | 43.64M | 43.49M | 40.61M | 38.51M | 38.38M | 36.21M | 29.06M |
| Basic Shares Outstanding | 75.68M | 71.1M | 69.02M | 68.83M | 68.25M | 61.85M | 58.09M | 57.83M | 53.87M | 48.32M | 46.32M | 46.31M | 46.06M | 43.64M | 43.49M | 31.43M | 38.51M | 38.38M | 36.21M | 29.06M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |