Merus N.V. (MRUS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Total Current Assets | 590.76M | 768.28M | 522.27M | 569.07M | 666.28M | 806.55M | 410.26M | 368.81M | 404.83M | 283.13M | 258.16M | 306.44M | 368.2M | 398.82M | 379.73M | 424.18M | 319.72M | 366.99M | 386.12M | 217.99M |
| Cash & Short-Term Investments | 542.95M | 710.22M | 458.32M | 537.03M | 632.27M | 787.42M | 337.5M | 355.18M | 388.57M | 265.05M | 241.24M | 290.23M | 351.44M | 376.11M | 358.81M | 410.43M | 309.74M | 352.75M | 374.38M | 207.75M |
| Cash Only | 313.76M | 442.79M | 197.2M | 293.29M | 433M | 629.48M | 178.17M | 205.05M | 241.87M | 101.1M | 102.64M | 147.75M | 190.98M | 213.93M | 194.57M | 241.44M | 159.12M | 311.47M | 327.14M | 163.08M |
| Short-Term Investments | 229.19M | 267.43M | 261.13M | 243.73M | 199.27M | 157.95M | 159.33M | 150.13M | 146.7M | 163.95M | 138.6M | 142.48M | 160.46M | 162.18M | 164.24M | 168.99M | 150.62M | 41.28M | 47.25M | 44.67M |
| Accounts Receivable | 19.41M | 20.63M | 17.37M | 4.71M | 3.88M | 3.9M | 60.42M | 3.98M | 4.61M | 3.81M | 5.61M | 4.7M | 3.15M | 4.37M | 3.17M | 6.67M | 3.6M | 3.69M | 1.95M | 1.75M |
| Days Sales Outstanding | 683.02 | 1K | 259 | 194.85 | 134.06 | 207.71 | 3.02K | 179.46 | 161.13 | 144.93 | 164.54 | 172.15 | 171.03 | 131.81 | 109.73 | 188.47 | 111.31 | 129.03 | 100.13 | 86.5 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.26M | 12.22M | 8.9M | 0 | 12.66M | 15.73M | 15.32M | 0 | 5.25M | 9.18M | 8.42M | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | 1.34K | 171.98 | 101.09 | - | 107.01 | 193.43 | 229.3 | - | 85.24 | 161.53 | 173.15 | - |
| Other Current Assets | 5.51M | 2.26M | 1.84M | 1.72M | 2.7M | 1.71M | 1.58M | 727K | -8.86M | -10.17M | -6.49M | 2.2M | -11.71M | -13.11M | -12.88M | 2.17M | -4.11M | -7.82M | -7.05M | 1.06M |
| Total Non-Current Assets | 181.23M | 211.89M | 208.65M | 213.62M | 178.4M | 85.67M | 87.82M | 89.68M | 87.35M | 80.5M | 80.36M | 70.1M | 46.79M | 45.97M | 37.77M | 32.42M | 36.2M | 12.59M | 11.82M | 13.22M |
| Property, Plant & Equipment | 19.63M | 21.67M | 20.14M | 20.02M | 22.46M | 22.38M | 22.1M | 23.5M | 23.5M | 25M | 25.71M | 24.84M | 19.68M | 19.77M | 6.84M | 7.28M | 7.59M | 8.36M | 7.27M | 8.02M |
| Fixed Asset Turnover | 0.53x | 0.35x | 1.22x | 0.44x | 0.47x | 0.31x | 0.33x | 0.34x | 0.44x | 0.38x | 0.48x | 0.40x | 0.34x | 0.61x | 1.54x | 1.77x | 1.55x | 1.25x | 0.98x | 0.92x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.49M | 1.8M | 1.7M | 1.68M | 1.86M | 1.66M | 1.72M | 1.8M | 1.77M | 1.88M | 1.93M | 1.95M | 1.89M | 2.08M | 2.23M | 2.35M | 2.47M | 2.61M | 2.65M | 2.84M |
| Long-Term Investments | 156.17M | 184.16M | 183.34M | 187.01M | 150.62M | 58.96M | 61.17M | 57.31M | 57.26M | 46.5M | 46.1M | 36.46M | 21.48M | 20.69M | 25.47M | 20.3M | 23.49M | 0 | 0 | 0 |
| Other Non-Current Assets | 2.92M | 3.51M | 3.11M | 953K | 2.63M | 2.13M | 2.56M | 2.87M | 4.12M | 4.06M | 4.24M | 4.81M | 3.31M | 3.19M | 3.15M | 2.08M | 2.43M | 1.48M | 1.87M | 1.95M |
| Total Assets | 771.99M | 980.18M | 730.92M | 785.13M | 844.68M | 892.23M | 498.08M | 458.49M | 492.19M | 363.62M | 338.52M | 376.54M | 414.99M | 444.79M | 417.5M | 456.6M | 355.93M | 379.58M | 397.95M | 231.22M |
| Asset Turnover | 0.01x | 0.01x | 0.03x | 0.01x | 0.01x | 0.01x | 0.01x | 0.02x | 0.02x | 0.03x | 0.04x | 0.03x | 0.02x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.02x | 0.03x |
| Asset Growth % | -8.6% | 9.86% | 46.75% | 71.24% | 71.62% | 145.37% | 47.14% | 21.76% | 18.6% | -18.25% | -18.92% | -17.53% | 16.59% | 17.18% | 4.91% | 97.48% | 66.72% | 69.71% | 67.23% | -12.21% |
| Total Current Liabilities | 74.11M | 91.58M | 89.13M | 87.08M | 80.08M | 80.86M | 78.49M | 69.09M | 64.32M | 65.85M | 75.09M | 78.93M | 64.15M | 60.26M | 61.52M | 71.9M | 71.53M | 64.41M | 52.95M | 46.75M |
| Accounts Payable | 7.17M | 21.07M | 8.98M | 4.16M | 6.18M | 4.39M | 7.49M | 4.6M | 3.84M | 7.6M | 4.99M | 9.83M | 3.12M | 6.96M | 5.39M | 13.24M | 5.4M | 6.16M | 3.71M | 3.13M |
| Days Payables Outstanding | 4.76K | 96.46 | 44.28 | 186.82 | 350.78 | 34.99 | 76.44 | 678.28 | 501.16 | 106.91 | 56.63 | 78.36 | 26.35 | 85.6 | 80.66 | 205.57 | 87.76 | 108.34 | 76.4 | 63.92 |
| Short-Term Debt | 2.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 20.79M | 26.39M | 27.56M | 29.93M | 30.97M | 32.35M | 34.14M | 22.68M | 23.02M | 24.15M | 26.7M | 29.42M | 27.98M | 30.71M | 33.7M | 34.66M | 37.1M | 32.12M | 25.75M | 20.18M |
| Other Current Liabilities | 30.97M | 1.51M | 880K | 103K | 119K | 36.56M | 29.78M | 30.13M | 30.57M | 27.43M | 36.28M | 29.81M | 27.23M | 18.28M | 18.25M | 17.64M | 24.4M | 21.85M | 19.77M | 16.95M |
| Current Ratio | 7.97x | 8.39x | 5.86x | 6.54x | 8.32x | 9.97x | 5.23x | 5.34x | 6.29x | 4.30x | 3.44x | 3.88x | 5.74x | 6.62x | 6.17x | 5.90x | 4.47x | 5.70x | 7.29x | 4.66x |
| Quick Ratio | 7.97x | 8.39x | 5.86x | 6.54x | 8.32x | 9.97x | 5.23x | 5.34x | 6.13x | 4.11x | 3.32x | 3.88x | 5.54x | 6.36x | 5.92x | 5.90x | 4.40x | 5.56x | 7.13x | 4.66x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | 997.43 | 210 | 209 | - | 251.7 | 239.63 | 258.37 | - | 108.79 | 182.22 | 196.88 | - |
| Total Non-Current Liabilities | 36.26M | 46.86M | 45.67M | 47.69M | 61.34M | 64.59M | 70.15M | 33.06M | 34.48M | 40.37M | 45.91M | 50.56M | 52.06M | 57.92M | 58.5M | 68.5M | 78.63M | 96.09M | 108.46M | 82.21M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 8.16M | 8.75M | 8.08M | 8.21M | 9.28M | 9.33M | 9.85M | 10.49M | 10.51M | 11.17M | 11.59M | 11.79M | 11.27M | 12.29M | 1.87M | 2.26M | 2.65M | 3.2M | 2.4M | 2.52M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.11M |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.11M |
| Total Liabilities | 110.36M | 138.44M | 134.8M | 134.77M | 141.41M | 145.46M | 148.63M | 102.15M | 98.8M | 106.22M | 121M | 129.49M | 116.21M | 118.18M | 120.03M | 140.4M | 150.16M | 160.5M | 161.41M | 128.95M |
| Total Debt | 10.52M | 11M | 9.86M | 9.91M | 11.05M | 11.02M | 11.53M | 12.16M | 12.11M | 12.78M | 13.18M | 13.47M | 13.14M | 13.62M | 3.37M | 3.75M | 4.15M | 4.79M | 3.53M | 3.95M |
| Net Debt | -303.24M | -431.79M | -187.34M | -283.38M | -421.95M | -618.46M | -166.64M | -192.88M | -229.75M | -88.32M | -89.46M | -134.28M | -177.84M | -200.31M | -191.21M | -237.68M | -154.97M | -306.68M | -323.61M | -159.13M |
| Debt / Equity | 0.02x | 0.01x | 0.02x | 0.02x | 0.02x | 0.01x | 0.03x | 0.03x | 0.03x | 0.05x | 0.06x | 0.05x | 0.04x | 0.04x | 0.01x | 0.01x | 0.02x | 0.02x | 0.01x | 0.04x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | -93.96x | -230.86x | -692.73x | -777.75x | -376.99x | -226.66x | -275.03x |
| Total Equity | 661.63M | 841.74M | 596.12M | 647.93M | 703.26M | 746.77M | 349.45M | 356.34M | 393.39M | 257.4M | 217.52M | 247.06M | 298.78M | 326.61M | 297.47M | 316.2M | 205.77M | 219.09M | 236.54M | 102.26M |
| Equity Growth % | -5.92% | 12.72% | 70.59% | 81.83% | 78.77% | 190.12% | 60.65% | 44.24% | 31.67% | -21.19% | -26.88% | -21.87% | 45.2% | 49.08% | 25.76% | 209.2% | 143.51% | 118.44% | 106.43% | -22.12% |
| Book Value per Share | 8.74 | 11.84 | 8.64 | 9.41 | 10.30 | 12.07 | 6.02 | 6.16 | 7.30 | 5.33 | 4.70 | 5.33 | 6.49 | 7.48 | 6.84 | 7.79 | 5.34 | 5.71 | 6.53 | 3.52 |
| Total Shareholders' Equity | 661.63M | 841.74M | 596.12M | 647.93M | 703.26M | 746.77M | 349.45M | 356.34M | 393.39M | 257.4M | 217.52M | 247.06M | 298.78M | 326.61M | 297.47M | 316.2M | 205.77M | 219.09M | 236.54M | 102.26M |
| Common Stock | 6.55M | 7.65M | 6.99M | 6.96M | 6.92M | 6.86M | 5.97M | 5.88M | 5.87M | 5.1M | 4.75M | 4.75M | 4.75M | 4.71M | 4.49M | 4.48M | 3.98M | 3.96M | 3.94M | 3.21M |
| Retained Earnings | -1.13B | -1.22B | -1.06B | -968.39M | -937.46M | -837.56M | -787.52M | -753.06M | -692.91M | -669.9M | -637.86M | -598.12M | -516.15M | -491.54M | -485.82M | -466.93M | -452.51M | -437.65M | -410.27M | -400.11M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 16.61M | 18.37M | -32.36M | -55.47M | -7.12M | -38.9M | -29.92M | -22.53M | -37.43M | -26.71M | -26.21M | -30.45M | -54.66M | -35.19M | -15.27M | -9.22M | -2.24M | 3.15M | -320K | 9.07M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |