MREO Chart
About

Mereo BioPharma Group plc, a biopharmaceutical company, develops and commercializes therapeutics for the treatment of oncology and rare diseases in the United Kingdom, the United States, and internationally. It develops Etigilimab, an antibody T-cell immunoreceptor with Ig and ITIM domains, which is in Phase 1b clinical trial for use in the treatment of tumors. The company is also developing Navicixizumab, which has completed Phase 1b clinical trials for the treatment of the late line ovarian cancer; Acumapimod, a p38 MAP kinase inhibitor that is in Phase II clinical trials to treat acute exacerbations of chronic obstructive pulmonary disease; and Leflutrozole, an oral aromatase inhibitor, which is in Phase 2 trials for use in the treatment of hypogonadotropic hypogonadism. In addition, it develops rare disease product candidates, including Setrusumab, an antibody for the treatment of osteogenesis imperfecta; and Alvelestat, an oral small molecule that is in Phase II clinical trial to treat Alpha-1 anti-trypsin deficiency. The company has a license agreement with Feng Biosciences for the development and commercialization of navicixizumab; license agreement with ReproNovo for the development and commercialization of leflutrozole; and licensing agreement with AstraZeneca. Mereo BioPharma Group plc was incorporated in 2015 and is headquartered in London, United Kingdom.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 63.29M
Enterprise Value 272.03M Income -41.57M Sales 500.00K
Book/sh 0.29 Cash/sh 0.06 Dividend Yield —
Payout 0.00% Employees 36 IPO —
P/E — Forward P/E -12.59 PEG —
P/S 126.57 P/B 1.36 P/C —
EV/EBITDA -6.04 EV/Sales 544.06 Quick Ratio 8.35
Current Ratio 8.71 Debt/Eq 0.85 LT Debt/Eq —
EPS (ttm) -0.25 EPS next Y -0.03 EPS Growth —
Revenue Growth — Earnings 2026-03-25 ROA -39.81%
ROE -69.79% ROIC — Gross Margin 73.40%
Oper. Margin -90.68% Profit Margin 0.00% Shs Outstand 159.13M
Shs Float 537.96M Short Float 11.52% Short Ratio 0.50
Short Interest — 52W High 3.05 52W Low 0.20
Beta 0.26 Avg Volume 15.40M Volume 1.15M
Target Price $2.65 Recom None Prev Close $0.40
Price $0.40 Change -1.22%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$2.65
Mean price target
2. Current target
$0.40
Latest analyst target
3. DCF / Fair value
$-2.28
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.40
Low
$0.50
High
$8.03
Mean
$2.65

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-16 reit BTIG Buy → Buy $1
2026-01-13 main Needham Buy → Buy $3
2025-12-30 down Jefferies Buy → Hold $1
2025-12-29 main BTIG Buy → Buy $1
2025-12-29 down LifeSci Capital Outperform → Market Perform —
2025-12-22 reit Needham Buy → Buy $5
2025-12-18 reit BTIG Buy → Buy $6
2025-08-25 main JP Morgan Overweight → Overweight $8
2025-07-10 main Needham Buy → Buy $5
2025-05-13 reit Needham Buy → Buy $7
2025-04-09 reit Needham Buy → Buy $7
2025-03-27 init JP Morgan — → Overweight $7
2025-03-26 reit Needham Buy → Buy $7
2025-03-18 reit Cantor Fitzgerald Overweight → Overweight $7
2025-01-13 reit Needham Buy → Buy $7
2024-12-24 init LifeSci Capital — → Outperform $10
2024-12-17 reit Needham Buy → Buy $7
2024-12-06 init Jefferies — → Buy $7
2024-11-12 reit Needham Buy → Buy $7
2024-10-01 reit Cantor Fitzgerald Overweight → Overweight $7
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 16149 69477.0 — Sale at price 4.22 - 4.47 per share. LEWICKI JOHN A Officer — 2024-09-13 00:00:00 D
1 30926 133051.0 — Sale at price 4.22 - 4.47 per share. SERMON CHARLES E. General Counsel — 2024-09-13 00:00:00 D
2 88657 381423.0 — Sale at price 4.22 - 4.47 per share. SCOTS-KNIGHT DENISE Chief Executive Officer — 2024-09-13 00:00:00 D
3 148110 637203.0 — Sale at price 4.22 - 4.47 per share. HUGHES-WILSON ALEXANDRA Officer — 2024-09-13 00:00:00 D
4 28286 121693.0 — Sale at price 4.22 - 4.47 per share. FOX CHRISTINE ANN Chief Financial Officer — 2024-09-13 00:00:00 D
5 46000 nan — — LEWICKI JOHN A Officer — 2024-09-11 00:00:00 D
6 65600 nan — — SERMON CHARLES E. General Counsel — 2024-09-11 00:00:00 D
7 188060 nan — — SCOTS-KNIGHT DENISE Chief Executive Officer — 2024-09-11 00:00:00 D
8 208333 206416.0 — Conversion of Exercise of derivative security at price 1.01 - 1.40 per share. HUGHES-WILSON ALEXANDRA Officer — 2024-09-11 00:00:00 D
9 60000 nan — — FOX CHRISTINE ANN Chief Financial Officer — 2024-09-11 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.00-37.84K200.81K5.63M
TaxRateForCalcs0.000.020.020.11
NormalizedEBITDA-41.59M-23.95M-49.88M-27.42M
TotalUnusualItems791.00K-2.10M12.01M52.90M
TotalUnusualItemsExcludingGoodwill791.00K-2.10M12.01M52.90M
NetIncomeFromContinuingOperationNetMinorityInterest-43.25M-29.47M-42.22M17.17M
ReconciledDepreciation1.09M1.06M889.00K866.47K
ReconciledCostOfRevenue0.002.57M-1.15M24.17M
EBITDA-40.80M-26.06M-37.87M25.49M
EBIT-41.88M-27.12M-38.76M24.62M
NetInterestIncome1.67M-750.00K-3.33M-5.43M
InterestExpense1.37M2.88M4.17M5.40M
InterestIncome3.04M2.13M840.00K1.35K
NormalizedIncome-44.04M-27.40M-54.03M-30.10M
NetIncomeFromContinuingAndDiscontinuedOperation-43.25M-29.47M-42.22M17.17M
TotalExpenses45.72M37.14M52.70M77.47M
TotalOperatingIncomeAsReported-47.36M-28.42M-54.43M-28.26M
DilutedAverageShares147.92M131.89M113.99M111.06M
BasicAverageShares147.92M131.89M113.99M105.56M
DilutedEPS-0.30-0.20-0.36-0.34
BasicEPS-0.30-0.20-0.360.13
DilutedNIAvailtoComStockholders-43.25M-29.47M-42.22M-34.82M
AverageDilutionEarnings0.00-51.99M
NetIncomeCommonStockholders-43.25M-29.47M-42.22M17.17M
NetIncome-43.25M-29.47M-42.22M17.17M
NetIncomeIncludingNoncontrollingInterests-43.25M-29.47M-42.22M17.17M
NetIncomeContinuousOperations-43.25M-29.47M-42.22M17.17M
TaxProvision0.00-532.00K-718.00K2.05M
PretaxIncome-43.25M-30.00M-42.94M19.22M
OtherIncomeExpense791.00K-2.11M13.10M52.90M
OtherNonOperatingIncomeExpenses-10.00K1.09M
SpecialIncomeCharges0.00152.51K
GainOnSaleOfPPE0.00152.51K
RestructuringAndMergernAcquisition0.00
GainOnSaleOfSecurity791.00K-2.10M12.01M52.75M
NetNonOperatingInterestIncomeExpense1.67M-750.00K-3.33M-5.43M
TotalOtherFinanceCost49.62K28.34K
InterestExpenseNonOperating1.37M2.88M4.17M5.40M
InterestIncomeNonOperating3.04M2.13M840.00K1.35K
OperatingIncome-45.72M-27.14M-52.70M-28.26M
OperatingExpense45.72M34.56M53.84M53.30M
OtherOperatingExpenses-1.65M-1.28M-1.73M
ResearchAndDevelopment20.93M17.42M29.46M31.80M
SellingGeneralAndAdministration26.43M18.42M26.11M21.50M
GeneralAndAdministrativeExpense26.43M18.42M26.11M21.50M
OtherGandA26.43M18.42M26.11M21.50M
GrossProfit0.007.43M1.15M25.04M
CostOfRevenue0.002.57M-1.15M24.17M
TotalRevenue0.0010.00M0.0049.21M
OperatingRevenue0.0010.00M0.0049.21M
Line Item2023-12-312022-12-312021-12-31
TreasurySharesNumber923.40K1.00M1.08M
OrdinarySharesNumber775.73M700.29M623.93M583.83M
ShareIssued775.73M701.22M624.93M584.91M
TotalDebt6.43M5.95M15.37M22.62M
TangibleBookValue60.33M49.45M51.40M85.62M
InvestedCapital66.50M54.93M64.73M138.18M
WorkingCapital60.91M54.27M50.82M117.12M
NetTangibleAssets60.33M49.45M51.40M85.62M
CapitalLeaseObligations894.00K1.56M2.04M3.21M
CommonStockEquity60.97M50.54M51.40M118.77M
TotalCapitalization60.97M54.93M51.40M138.18M
TotalEquityGrossMinorityInterest60.97M50.54M51.40M118.77M
StockholdersEquity60.97M50.54M51.40M118.77M
GainsLossesNotAffectingRetainedEarnings-18.85M-17.48M-21.69M184.76M
OtherEquityAdjustments-18.85M-17.48M-21.69M185.22M
ForeignCurrencyTranslationAdjustments-2.17M-460.23K
TreasuryStock0.001.23M1.33M1.54M
RetainedEarnings-462.88M-419.63M-404.57M-400.80M
AdditionalPaidInCapital539.64M486.11M476.52M333.98M
CapitalStock3.06M2.77M2.48M2.37M
CommonStock3.06M2.77M2.48M2.37M
TotalLiabilitiesNetMinorityInterest15.42M15.96M26.01M51.85M
TotalNonCurrentLiabilitiesNetMinorityInterest1.57M6.48M1.64M34.92M
OtherNonCurrentLiabilities565.00K764.00K182.00K107.97K
DerivativeProductLiabilities821.00K412.00K157.00K11.25M
LongTermDebtAndCapitalLeaseObligation187.00K5.30M1.48M21.78M
LongTermCapitalLeaseObligation187.00K906.00K1.48M2.37M
LongTermDebt4.39M19.41M
LongTermProvisions1.78M
CurrentLiabilities13.85M9.49M24.38M16.93M
OtherCurrentLiabilities61.00K30.00K1.35M1.71M
CurrentDeferredLiabilities296.00K711.00K0.00
CurrentDebtAndCapitalLeaseObligation6.24M652.00K13.89M839.47K
CurrentCapitalLeaseObligation707.00K652.00K564.00K839.47K
CurrentDebt5.54M13.33M
OtherCurrentBorrowings5.54M13.33M
PensionandOtherPostRetirementBenefitPlansCurrent2.00M1.62M1.86M
CurrentProvisions4.82M3.78M
PayablesAndAccruedExpenses5.25M6.47M7.27M10.59M
CurrentAccruedExpenses1.80M3.46M3.57M5.16M
Payables3.44M3.01M3.69M5.43M
OtherPayable235.00K25.00K32.39K
TotalTaxPayable770.00K662.00K202.00K2.31M
AccountsPayable2.44M2.35M3.49M3.08M
TotalAssets76.39M66.50M77.41M170.62M
TotalNonCurrentAssets1.63M2.74M2.22M36.57M
GoodwillAndOtherIntangibleAssets643.00K1.09M0.0033.15M
OtherIntangibleAssets1.09M24.12M33.15M
NetPPE984.00K1.65M2.22M3.41M
AccumulatedDepreciation-949.00K-800.00K-736.00K-2.13M
GrossPPE1.93M2.45M2.95M5.54M
Leases712.00K710.00K675.00K751.75K
OtherProperties298.00K296.00K422.00K641.08K
MachineryFurnitureEquipment196.00K199.00K190.00K233.49K
BuildingsAndImprovements727.00K1.25M1.67M3.92M
Properties0.000.000.000.00
CurrentAssets74.76M63.76M75.20M134.05M
OtherCurrentAssets129.00K340.00K1.43M3.78M
PrepaidAssets1.58M2.27M2.83M550.65K
Receivables3.25M3.73M2.75M2.46M
OtherReceivables2.79M3.13M1.57M842.17K
TaxesReceivable464.00K599.00K1.18M1.61M
CashCashEquivalentsAndShortTermInvestments69.80M57.42M68.18M127.27M
CashAndCashEquivalents69.80M57.42M68.18M127.27M
CashEquivalents51.10M767.94K
CashFinancial5.23M126.50M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-33.53M-21.55M-48.83M-7.79M
RepurchaseOfCapitalStock0.00
RepaymentOfDebt0.00-3.19M-1.13M-933.95K
IssuanceOfDebt0.000.00
IssuanceOfCapitalStock47.00M11.61M0.00105.99M
CapitalExpenditure-699.00K-419.00K-13.00K-722.06K
InterestPaidSupplementalData21.00K884.00K
IncomeTaxPaidSupplementalData0.00
EndCashPosition69.80M57.42M68.18M127.27M
BeginningCashPosition57.42M68.18M127.40M31.67M
EffectOfExchangeRateChanges-233.00K2.82M-12.58M-1.57M
ChangesInCash12.61M-13.58M-46.63M97.16M
FinancingCashFlow46.15M7.97M200.00K104.80M
CashFlowFromContinuingFinancingActivities46.15M7.97M200.00K104.80M
NetOtherFinancingCharges-853.00K-444.00K200.00K-315.82K
InterestPaidCFF0.000.00
ProceedsFromStockOptionExercised0.0062.08K
CashDividendsPaid0.000.00
NetCommonStockIssuance47.00M11.61M0.00105.99M
CommonStockPayments0.00
CommonStockIssuance47.00M11.61M0.00105.99M
NetIssuancePaymentsOfDebt0.00-3.19M-1.13M-933.95K
NetLongTermDebtIssuance0.00-3.19M-1.13M-933.95K
LongTermDebtPayments0.00-3.19M-1.13M-933.95K
LongTermDebtIssuance0.000.00
InvestingCashFlow-699.00K-419.00K1.99M-568.20K
CashFlowFromContinuingInvestingActivities-699.00K-419.00K1.99M-568.20K
NetOtherInvestingChanges-814.46K
InterestReceivedCFI842.30K1.35K
NetInvestmentPurchaseAndSale0.00
SaleOfInvestment0.00
NetBusinessPurchaseAndSale0.000.00
SaleOfBusiness0.00
PurchaseOfBusiness0.000.00
NetIntangiblesPurchaseAndSale-699.00K-419.00K0.00152.51K
SaleOfIntangibles1.80M152.51K
PurchaseOfIntangibles-699.00K-419.00K0.00
NetPPEPurchaseAndSale0.001.99M-722.06K
SaleOfPPE0.002.00M
PurchaseOfPPE0.00-13.00K-722.06K
OperatingCashFlow-32.83M-21.13M-48.82M-7.07M
CashFlowFromContinuingOperatingActivities-32.83M-21.13M-48.82M-7.07M
TaxesRefundPaid-1.85M3.81M
ChangeInWorkingCapital-369.00K-1.59M-2.35M-2.49M
ChangeInOtherCurrentLiabilities-654.00K-578.00K-878.00K
ChangeInPayablesAndAccruedExpense-1.05M-1.97M1.46M-1.70M
ChangeInAccruedExpense-1.19M-710.00K844.00K
ChangeInPayable146.00K-1.26M617.00K-1.70M
ChangeInAccountPayable146.00K-1.26M617.00K
ChangeInPrepaidAssets2.98M502.00K532.00K
ChangeInReceivables-1.65M456.00K-3.47M-794.94K
OtherNonCashItems3.10M1.84M2.10M18.10M
StockBasedCompensation7.39M4.92M4.77M4.46M
ProvisionandWriteOffofAssets255.35K1.87M
AssetImpairmentCharge9.46M
DepreciationAmortizationDepletion1.09M1.06M889.00K866.47K
DepreciationAndAmortization1.09M1.06M889.00K866.47K
AmortizationCashFlow438.00K395.00K0.00
AmortizationOfIntangibles438.00K395.00K0.00
Depreciation650.00K666.00K889.00K866.47K
OperatingGainsLosses-791.00K2.10M-12.01M-52.90M
GainLossOnInvestmentSecurities419.00K-245.00K-9.29M-54.04M
NetForeignCurrencyExchangeGainLoss-1.21M2.35M-2.72M1.29M
GainLossOnSaleOfPPE0.00-152.51K
NetIncomeFromContinuingOperations-43.25M-29.47M-42.22M19.22M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MREO
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