Merus N.V.
MRUSHealthcare · Pharmaceutical Preparations · P7 · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|---|
| Revenue | $36.1M | $43.9M | $41.6M | $49.1M | $29.9M | $31.1M |
| Operating income | −$272.1M | −$156.5M | −$160.0M | −$90.0M | −$75.9M | −$58.7M |
| Net income | −$215.3M | −$154.9M | −$131.2M | −$66.8M | −$85.5M | −$55.2M |
| Total assets | $782.7M | $455.5M | $376.5M | $456.6M | $231.2M | $263.4M |
| Total liabilities | $134.8M | $99.2M | $129.5M | $140.4M | $129.0M | $132.1M |
| Equity | $647.9M | $356.3M | $247.1M | $316.2M | $102.3M | $131.3M |
| EPS (diluted) | $-3.35 | $-3.00 | $-2.92 | $-1.73 | $-2.92 | — |
| Shares out. | 57.9M | 46.3M | 43.5M | 38.1M | 29.0M | 28.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- −753.0%
- Net margin
- −595.9%
- Return on equity
- −33.2%
- Return on assets
- −27.5%
- Return on capital (ROCE)
- −39.1%
- Liabilities / assets
- 17.2%
- Debt / equity
- 0.21×
- Book value / share
- $11.19
- Revenue growth (YoY)
- −17.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Altman Z″ (distress)
- 2.72safe
- Accruals / assets
- −3.8%clean
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 4 warning● 3 good- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Paradigm Biocapital Advisors LpPassive (13G)Feb 17, 2026
- Genmab A/SActivist (13D)Dec 30, 2025
- Rtw Investments, LpPassive (13G)Nov 14, 2025
- Wellington Management Group LlpPassive (13G)Nov 12, 2025
- Fmr LlcPassive (13G)Nov 5, 2025
- Commodore Capital LpPassive (13G)Aug 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| Dec 15, 2025 | 817,936 | 1.0 | -48.0% |
| Nov 28, 2025 | 1.6M | 1.1 | +3.0% |
| Nov 14, 2025 | 1.5M | 1.4 | -10.5% |
| Oct 31, 2025 | 1.7M | 1.0 | -23.0% |
| Oct 15, 2025 | 2.2M | 1.0 | -23.7% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Director / officer changeDec 30, 2025
- Completed an acquisition or disposition · Modified shareholder rights · Change in control · Director / officer changeDec 12, 2025
- Shareholder voteDec 9, 2025
- Entered a material agreement · Regulation FD disclosureSep 29, 2025
- Entered a material agreementJun 5, 2025
- Other material eventMay 29, 2025
- Shareholder voteMay 22, 2025
- Other material eventDec 5, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13G/AFeb 17, 2026
- 15-12GJan 9, 2026
- 4Dec 30, 2025
- SCHEDULE 13D/ADec 30, 2025
- 25-NSE/ADec 30, 2025
- 8-KDec 30, 2025
- SC 14D9/ADec 30, 2025
- SC TO-T/ADec 30, 2025
- 4Dec 29, 2025
- 4Dec 22, 2025
- SCHEDULE 13DDec 19, 2025
- 4Dec 18, 2025
- 3Dec 18, 2025
- 4Dec 12, 2025
- 4Dec 12, 2025