Mereo BioPharma (MREO) Operating Income (2023 - 2026)

Mereo BioPharma's (MREO) quarterly Operating Income came in at -$8.8 million in Q1 2026, up 21.75% year-on-year from -$7.2 million in Q1 2025, and down 4.48% on a QoQ basis from -$8.4 million in Q4 2025.

Mereo BioPharma (MREO) Operating Income (2023 - 2026) Analysis & Trends

Mereo BioPharma (MREO) has 4 years of Operating Income data on file, last reported at -$8.8 million in Q1 2026.

  • On a quarterly basis, Operating Income rose 21.75% year-over-year to -$8.8 million in Q1 2026; TTM through Mar 2026 was -$37.7 million, a 22.59% increase from a year earlier, with the FY2025 full-year figure at -$40.1 million, up 15.32% from the prior year.
  • Operating Income for Q1 2026 stood at -$8.8 million, down from -$8.4 million in the prior quarter.
  • Over the last five years, Operating Income for MREO reached as high as -$811000.0 in Q2 2023 and fell as low as -$15.3 million in Q4 2024.
  • Historically, Operating Income has averaged -$9.6 million across 4 years, with a median of -$9.9 million in 2024.
  • Across the five-year window, Operating Income sank 1480.02% in 2024 and soared 45.07% in 2025, its largest moves.
  • Year by year, Operating Income stood at -$7.1 million in 2023, then tumbled by 114.3% to -$15.3 million in 2024, then soared by 45.07% to -$8.4 million in 2025, then slipped by 4.48% to -$8.8 million in 2026.
  • Per Business Quant data, the three most recent Operating Income figures were -$8.8 million in Q1 2026, -$8.4 million in Q4 2025, and -$10.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -27.75 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 249.90 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 61.40 Bn 61.40 Bn - -32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn 394.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - -445.22 Mn
10 Mereo BioPharma 229.80 Mn 229.80 Mn - -8.77 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -8.77 Mn
Dec 31, 2025 -8.39 Mn
Sep 30, 2025 -10.02 Mn
Jun 30, 2025 -10.50 Mn
Mar 31, 2025 -11.20 Mn
Dec 31, 2024 -15.28 Mn
Sep 30, 2024 -9.37 Mn
Jun 30, 2024 -12.81 Mn
Mar 31, 2024 -9.90 Mn
Dec 31, 2023 -7.13 Mn
Sep 30, 2023 -9.07 Mn
Jun 30, 2023 -811,000.00
Mar 31, 2023 -11.41 Mn