Merus N.V. (MRUS)

Merus Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	367.49	293.29	204.25	147.75	241.44	163.08
Short-Term Investments	268.44	243.73	150.13	142.48	168.99	44.67
Cash & Short-Term Investments	635.93	537.03	354.38	290.23	410.43	207.76
Cash Growth	0.58%	51.54%	22.10%	-29.29%	97.55%	-13.35%
Accounts Receivable	19.18	1.26	2.43	4.05	6.31	1.67
Other Receivables	3.55	3.45	1.55	0.65	0.37	0.08
Receivables	22.74	4.71	3.98	4.7	6.67	1.75
Prepaid Expenses	3.65	2.82	2.06	2.94	4.91	7.43
Other Current Assets	29.61	24.51	8.4	8.58	2.18	1.06
Total Current Assets	691.93	569.07	368.81	306.44	424.18	217.99
Property, Plant & Equipment	22.99	20.02	23.5	24.84	7.28	8.02
Long-Term Investments	182.91	187.01	57.31	36.46	20.3	-
Other Intangible Assets	1.75	1.68	1.8	1.95	2.35	2.84
Long-Term Deferred Tax Assets	1.2	1.52	1.2	2.04	0.42	0.41
Other Long-Term Assets	3.42	3.39	2.87	4.81	2.08	1.95
Total Assets	904.2	782.69	455.49	376.54	456.6	231.22
Accounts Payable	8.39	4.16	4.6	9.83	13.24	3.13
Accrued Expenses	41.18	43.85	38.45	35.55	21.4	21.8
Current Portion of Leases	2.76	1.7	1.67	1.68	1.49	1.43
Current Income Taxes Payable	6.74	7.32	1.65	2.4	-	0.21
Current Unearned Revenue	24.36	29.93	22.69	29.42	34.66	20.18
Other Current Liabilities	3.37	0.1	0.04	0.04	1.11	-
Total Current Liabilities	86.8	87.08	69.09	78.93	71.9	46.75
Long-Term Leases	9.56	8.21	10.49	11.79	2.26	2.52
Long-Term Unearned Revenue	32.91	39.48	19.57	38.77	66.24	79.69
Total Liabilities	129.26	134.77	99.15	129.49	140.4	128.95
Common Stock	7.68	6.96	5.88	4.75	4.48	3.21
Additional Paid-In Capital	2,066	1,665	1,126	870.87	787.87	490.09
Retained Earnings	-1,319	-968.39	-753.06	-598.12	-466.93	-400.11
Comprehensive Income & Other	19.45	-55.47	-22.53	-30.45	-9.22	9.07
Total Common Equity	774.93	647.93	356.34	247.06	316.2	102.26
Shareholders' Equity	774.93	647.93	356.34	247.06	316.2	102.26
Total Liabilities & Equity	904.2	782.69	455.49	376.54	456.6	231.22
Total Debt	12.32	9.91	12.16	13.47	3.75	3.95
Net Cash (Debt)	804.53	714.12	399.53	313.21	426.97	203.8
Net Cash Growth	4.23%	78.74%	27.56%	-26.64%	109.50%	-13.83%
Net Cash Per Share	11.32	11.12	7.74	6.97	11.05	6.97
Filing Date Shares Outstanding	75.84	69.09	57.88	46.32	43.47	38.13
Total Common Shares Outstanding	75.84	68.83	57.83	46.31	43.47	31.6
Working Capital	605.13	482	299.73	227.52	352.28	171.25
Book Value Per Share	10.22	9.41	6.16	5.33	7.27	3.24
Tangible Book Value	773.18	646.25	354.54	245.11	313.85	99.42
Tangible Book Value Per Share	10.19	9.39	6.13	5.29	7.22	3.15
Machinery	-	10.44	9.54	8.22	6.81	7
Construction In Progress	-	-	0.04	0.08	1.06	0.5
Leasehold Improvements	-	9.82	10.29	9.11	0.11	0.12

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q