MRSN · As filed with the SEC

Mersana Therapeutics income statement, by quarter

The statement as Mersana Therapeutics presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Condensed Consolidated Statements of Operations and Comprehensive Loss · USD thousands, except per-share amounts

USD thousands, except per-share amountsQ3 2025
3 months ended Sep 30, 2025
Q2 2025
3 months ended Jun 30, 2025
Q1 2025
3 months ended Mar 31, 2025
Q4 2024†
3 months ended Dec 31, 2024
Collaboration revenue11,0093,0562,75416,361†
Operating expenses:
Research and development12,18216,21818,34122,286†
General and administrative6,3037,4158,9258,886†
Restructuring expenses1913,940—0†
Total operating expenses18,67627,57327,26631,172†
Other income (expense):
Interest income5168951,1641,597†
Interest expense(394)(674)(775)(903)†
Total other income, net122221389694†
Loss before income taxes(7,545)——(14,117)†
Income tax expense0——0†
Net loss(7,545)(24,296)(24,123)(14,117)†
Other comprehensive loss
Unrealized gain (loss) on marketable securities, net of tax00(10)(15)†
Comprehensive loss(7,545)(24,296)(24,133)(14,132)†
Net loss attributable to common stockholders — basic(7,545)(24,296)(24,123)(14,117)†
Net loss attributable to common stockholders — diluted(7,545)(24,296)(24,123)(14,117)†
Net loss per share attributable to common stockholders — basic (in dollars per share)(1.51)(4.87)(0.19)—
Net loss per share attributable to common stockholders — diluted (in dollars per share)(1.51)(4.87)(0.19)—
Weighted-average number of shares of common stock used in net loss per share attributable to common stockholders — basic (in shares)4,992,6394,986,784124,466,113—
Weighted-average number of shares of common stock used in net loss per share attributable to common stockholders — diluted (in shares)4,992,6394,986,784124,466,113—

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.