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Mersana Therapeutics Inc is a clinical-stage biopharmaceutical company focused on developing antibody-drug conjugates (ADCs) that offer a clinically meaningful benefit for cancer patients with unmet needs. The Company’s next-generation ADC platforms include Dolasynthen, which delivers a proprietary auristatin payload, and Immunosynthen, which delivers a proprietary stimulator of interferon genes (STING) agonist payload. Its pipeline includes Emi-Le (XMT-1660), XMT-2056, XMT-2068, and XMT-2175.
2001
102
LTM Revenue $36.8M
LTM EBITDA n/a
-$64.7M
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Mersana Therapeutics has a last 12-month revenue of $36.8M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Mersana Therapeutics achieved revenue of $40.5M and an EBITDA of -$63.3M.
Mersana Therapeutics expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Mersana Therapeutics valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $36.9M | $40.5M | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | -$166M | -$63.3M | XXX | XXX | XXX |
| EBITDA Margin | -451% | -156% | XXX | XXX | XXX |
| Net Profit | -$204M | -$172M | XXX | XXX | XXX |
| Net Margin | -554% | -424% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Mersana Therapeutics's stock price is $0.
Mersana Therapeutics has current market cap of $41.3M, and EV of -$64.7M.
See Mersana Therapeutics trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| -$64.7M | $41.3M | XXX | XXX | XXX | XXX | $-0.61 |
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Sign UpAs of April 15, 2025, Mersana Therapeutics has market cap of $41.3M and EV of -$64.7M.
Mersana Therapeutics's trades at -1.8x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate Mersana Therapeutics's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Mersana Therapeutics and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | -$64.7M | XXX | XXX | XXX |
| EV/Revenue | -1.6x | XXX | XXX | XXX |
| EV/EBITDA | 1.0x | XXX | XXX | XXX |
| P/E | -0.6x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 0.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpMersana Therapeutics's NTM/LTM revenue growth is -12%
Mersana Therapeutics's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $1.1M for the same period.
Over next 12 months, Mersana Therapeutics's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Mersana Therapeutics's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Mersana Therapeutics and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -156% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -62% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -169% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $1.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 101% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 180% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 281% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Julphar | XXX | XXX | XXX | XXX | XXX | XXX |
| Benevolent AI | XXX | XXX | XXX | XXX | XXX | XXX |
| Galapagos | XXX | XXX | XXX | XXX | XXX | XXX |
| Pharming | XXX | XXX | XXX | XXX | XXX | XXX |
| Vivoryon Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Mersana Therapeutics acquired XXX companies to date.
Last acquisition by Mersana Therapeutics was XXXXXXXX, XXXXX XXXXX XXXXXX . Mersana Therapeutics acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Mersana Therapeutics founded? | Mersana Therapeutics was founded in 2001. |
| Where is Mersana Therapeutics headquartered? | Mersana Therapeutics is headquartered in United States of America. |
| How many employees does Mersana Therapeutics have? | As of today, Mersana Therapeutics has 102 employees. |
| Who is the CEO of Mersana Therapeutics? | Mersana Therapeutics's CEO is Dr. Martin H. Huber, M.D.. |
| Is Mersana Therapeutics publicy listed? | Yes, Mersana Therapeutics is a public company listed on NAS. |
| What is the stock symbol of Mersana Therapeutics? | Mersana Therapeutics trades under MRSN ticker. |
| When did Mersana Therapeutics go public? | Mersana Therapeutics went public in 2017. |
| Who are competitors of Mersana Therapeutics? | Similar companies to Mersana Therapeutics include e.g. Julphar, Benevolent AI, Galapagos, Pharming. |
| What is the current market cap of Mersana Therapeutics? | Mersana Therapeutics's current market cap is $41.3M |
| What is the current revenue of Mersana Therapeutics? | Mersana Therapeutics's last 12-month revenue is $36.8M. |
| What is the current EV/Revenue multiple of Mersana Therapeutics? | Current revenue multiple of Mersana Therapeutics is -1.8x. |
| What is the current revenue growth of Mersana Therapeutics? | Mersana Therapeutics revenue growth between 2023 and 2024 was 10%. |
| Is Mersana Therapeutics profitable? | Yes, Mersana Therapeutics is EBITDA-positive (as of the last 12 months). |
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