Mereo BioPharma Group plc logo

Mereo BioPharma Group plc

MREO

NASDAQHealthcareBiotechnology

Previous close

$0.2904

−$0.0029 · -0.99%

Aug 21, 4:00 PM ET

MREO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Strong Sell

Exit — multiple negative signals converging

Valuation

0

Overpriced

Momentum

34

Weakening

Sentiment

42

Mixed

Risk resilience

37

High Risk

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Company profile

Company website

Mereo BioPharma Group plc, a London-based biopharmaceutical firm established in 2015, specializes in developing and commercializing innovative therapies for oncology and rare conditions. Operating both in the United Kingdom and internationally, the company boasts a diverse product pipeline. Its primary oncology asset, etigilimab (OMP-313M32), an antibody T-cell immunoreceptor, is presently undergoing Phase 1b clinical investigation for tumor treatment. Another cancer compound, Navicixizumab (OMP-305B83), has already concluded its Phase 1b clinical studies for patients battling late-stage ovarian cancer. Beyond cancer, Mereo is advancing several other promising candidates. These include Acumapimod (BCT-197), a p38 MAP kinase inhibitor, which is currently in Phase II clinical trials for addressing acute exacerbations of chronic obstructive pulmonary disease. Additionally, Leflutrozole (BGS-649), an oral aromatase inhibitor, is being developed to manage hypogonadotropic hypogonadism. Within its rare disease portfolio, Mereo features Setrusumab (BPS-804), a novel antibody designed to treat osteogenesis imperfecta, and Alvelestat (MPH-966), an oral small molecule in Phase II clinical trials for Alpha-1 antitrypsin deficiency. To bolster its research, Mereo BioPharma collaborates with The University of Texas MD Anderson Cancer Center, focusing on the evaluation of its anti-TIGIT therapeutic antibody candidate, etigilimab.

Industry
Biotechnology
Sector
Healthcare
Headquarters
GB
CEO
Denise Vera Scots-Knight
Listed since
Apr 24, 2019
Employees
39

Market position

Day range

Current $0.2904

52-week range

Current $0.2904

Open
$0.3058
Previous close
$0.2933
Volume
714.7K
0.16× average
Average volume
4.58M
Average daily volume
Market cap
46.35M USD
Beta
0.3
Market reference 1
50-day average
$0.3107
-6.54% below average
200-day average
$0.6492
-55.26% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
25.64M USD
P/E (TTM)
-1.6×
P/B (TTM)
1.63×
P/S (TTM)
EV / EBITDA
-0.63×
Earnings yield
-63.04%
Free cash flow yield
-46.65%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
0.00%
Operating margin
0.00%
Net margin
0.00%
Return on equity
-102.35%
Return on assets
-91.20%
Return on invested capital
-91.49%

Financial health

Debt / equity
0.04×
Current ratio
10.46×
Altman Z-score
-18.34
Piotroski F-score
1 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends919%-2461%-5841%-9221%Gross margin, FY2021: 50.89%Gross margin, FY2023: 74.26%Gross margin, FY2025: 73.40%Operating margin, FY2021: -57.42%Operating margin, FY2023: -284.16%Operating margin, FY2025: -7651.40%Net margin, FY2021: 34.90%Net margin, FY2023: -294.66%Net margin, FY2025: -8375.60%FY2021FY2022FY2023FY2025
Gross margin FY2021 50.89%. Gross margin FY2023 74.26%. Gross margin FY2025 73.40%. Operating margin FY2021 -57.42%. Operating margin FY2023 -284.16%. Operating margin FY2025 -7651.40%. Net margin FY2021 34.90%. Net margin FY2023 -294.66%. Net margin FY2025 -8375.60%.

Income trends

Revenue

500K USD-95.00%

Operating income

−38.26M USD-34.63%

Net income

−41.88M USD-42.12%
Income trends across reported periods59.5M USD18.35M USD−22.8M USD−63.96M USDRevenue, FY2021: 49.21M USDRevenue, FY2023: 10M USDRevenue, FY2025: 500K USDOperating income, FY2021: −28.26M USDOperating income, FY2022: −53.67M USDOperating income, FY2023: −28.42M USDOperating income, FY2025: −38.26M USDNet income, FY2021: 17.17M USDNet income, FY2022: −42.12M USDNet income, FY2023: −29.47M USDNet income, FY2025: −41.88M USDFY2021FY2022FY2023FY2025
Revenue FY2021 49.21M USD. Revenue FY2023 10M USD. Revenue FY2025 500K USD. Operating income FY2021 −28.26M USD. Operating income FY2022 −53.67M USD. Operating income FY2023 −28.42M USD. Operating income FY2025 −38.26M USD. Net income FY2021 17.17M USD. Net income FY2022 −42.12M USD. Net income FY2023 −29.47M USD. Net income FY2025 −41.88M USD.
Metric (USD)FY2025FY2023FY2022FY2021
Revenue500K USD10M USD49.21M USD
Cost of goods sold133K USD2.57M USD−257.44K USD24.17M USD
Gross profit367K USD7.43M USD257.44K USD25.04M USD
Research and development17.77M USD17.42M USD30.75M USD31.8M USD
Selling, general, and administrative23.01M USD18.42M USD23.18M USD21.5M USD
Operating expenses38.62M USD35.84M USD53.92M USD53.3M USD
Interest income2.17M USD2.13M USD696K USD1.38K USD
Interest expense255K USD2.88M USD3.36M USD5.22M USD
Depreciation and amortization1.15M USD1.06M USD895.5K USD866.47K USD
Operating income−38.26M USD−28.42M USD−53.67M USD−28.26M USD
Net income−41.88M USD−29.47M USD−42.12M USD17.17M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
20%
2 beats, 5 misses, 3 met estimates
Average EPS surprise
-68.81%
10 comparable reports
Latest EPS result
-0.01
Estimate -0.01 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.060.02-0.02-0.06Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MetQ2 '26MissQ3 '26MetQ4 '26Estimate
Q1 2025, reported Mar 26, 2025: actual -0.01, estimate -0.02, surprise +50.00%, Beat. Q2 2025, reported May 13, 2025: actual -0.02, estimate -0.01, surprise -100.00%, Miss. Q3 2025, reported Aug 12, 2025: actual -0.02, estimate -0.01, surprise -100.00%, Miss. Q4 2025, reported Nov 10, 2025: actual -0.01, estimate -0.008, surprise -20.05%, Miss. Q1 2026, reported Mar 19, 2026: actual -0.01, estimate -0.01, surprise 0.00%, Met estimate. Q2 2026, reported May 12, 2026: actual -0.01, estimate 0.02, surprise -150.00%, Miss. Q3 2026, reported Aug 11, 2026: actual -0.01, estimate -0.01, surprise 0.00%, Met estimate. Q4 2026, reported Nov 9, 2026: actual —, estimate -0.01, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates25.18M16.87M8.56M255KQ1 '25MissQ2 '25EstimateQ3 '25No estimateQ4 '25MissQ1 '26EstimateQ2 '26EstimateQ3 '26EstimateQ4 '26Estimate
Q1 2025, reported Mar 26, 2025: actual 1.33M USD, estimate 11.89M USD, surprise -88.80%, Miss. Q2 2025, reported May 13, 2025: actual —, estimate 11.89M USD, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 685.71K USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 300K USD, estimate 5.3M USD, surprise -94.34%, Miss. Q1 2026, reported Mar 19, 2026: actual —, estimate 23.33M USD, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual —, estimate 11.67M USD, surprise —, Comparison unavailable. Q3 2026, reported Aug 11, 2026: actual —, estimate 3.5M USD, surprise —, Comparison unavailable. Q4 2026, reported Nov 9, 2026: actual —, estimate 863.83K USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$3.25

1019.15% upside
Past 12 months12-month forecastHigh $8.00Average $3.25Low $0.50

Rating distribution

8 ratings
Strong buy00%
Buy563%
Hold225%
Sell113%
Strong sell00%

Recent analyst actions

7 institutions
JefferiesdowngradeBuyHold
LifeSci CapitaldowngradeOutperformMarket Perform
Leerink PartnersmaintainOutperform

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