Merus N.V. (MRUS) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
MRUS's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
MRUS Revenue Analysis (2013–2024)
As of March 1, 2026, Merus N.V. (MRUS) generated trailing twelve-month (TTM) revenue of $51.2 million, reflecting slight decline in growth of -1.9% year-over-year. The most recent quarter (Q3 2025) recorded $10.4 million in revenue, up 38.4% sequentially.
Looking at the longer-term picture, MRUS's 5-year compound annual growth rate (CAGR) stands at +4.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $43.1 million in 2021.
Revenue diversification analysis shows MRUS's business is primarily driven by Collaboration Revenue (100%). With over half of revenue concentrated in Collaboration Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including INCY (+21.2% YoY), GMAB (+21.0% YoY), and EXEL (+9.9% YoY), MRUS has underperformed the peer group in terms of revenue growth. Compare MRUS vs INCY →
Peer Comparison
Compare MRUS's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MRUSCurrent | $51M | -1.9% | +4.7% | -753.0% | |
| INCY | $5.1B | +21.2% | +14.0% | 26.1% | |
| GMAB | $21.5B | +21.0% | +32.0% | 31.1% | |
| EXEL | $2.3B | +9.9% | +18.6% | 37.6% | |
| IBRX | $15M | +1026.0% | +221.4% | -2334.2% | |
| CGON | $1M | +217.8% | - | -10067.3% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $34.9M | -12.4% | $13.0M | 37.2% | $-262,626,275 | -753.0% |
| 2023 | $39.8M | +2.5% | $29.3M | 73.6% | $-141,800,272 | -356.2% |
| 2022 | $38.8M | -10.0% | $28.9M | 74.4% | $-149,459,488 | -384.8% |
| 2021 | $43.1M | +76.0% | $-43,121,688 | -99.9% | $-79,052,913 | -183.2% |
| 2020 | $24.5M | -11.7% | $-32,823,404 | -133.9% | $-62,113,730 | -253.4% |
| 2019 | $27.8M | -17.1% | $-21,883,650 | -78.8% | $-52,292,715 | -188.4% |
| 2018 | $33.5M | +52.9% | $-14,305,958 | -42.7% | $-39,929,064 | -119.2% |
| 2017 | $21.9M | +773.1% | $-12,210,000 | -55.7% | $-35,302,000 | -161.1% |
| 2016 | $2.5M | +31.8% | $-15,914,000 | -634.0% | $-27,881,000 | -1110.8% |
| 2015 | $1.9M | +46.2% | $-14,276,000 | -749.4% | $-23,111,000 | -1213.2% |
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Start ComparisonFrequently Asked Questions
Is MRUS's revenue growth accelerating or slowing?
MRUS revenue growth slowed to -1.9%, below the 5-year CAGR of +4.7%. TTM revenue is $51M. The deceleration marks a shift from historical growth rates.
What is MRUS's long-term revenue growth rate?
Merus N.V.'s 5-year revenue CAGR of +4.7% reflects the variable expansion pattern. Current YoY growth of -1.9% is near this long-term average.
How is MRUS's revenue distributed by segment?
MRUS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.