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Mereo BioPharma Group (MREO) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 12, 2025

Mereo BioPharma Group (MREO) reported revenue of $500K for the second quarter 2025 (Q2 2025).

Revenue$500K
Year over year—
Quarter over quarter—
Operating margin—
Net earnings−$14.6M

Mereo BioPharma Group, Q2 2025: revenue $500K, net loss $14.6M, operating cash flow −$7.7M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$500K——
Operating profit−$10.5M——
Net earnings−$14.6M——
Operating cash flow−$7.7M——

What changed

Revenue was $500K in Q2 2025.

Operating costs exceeded revenue by $10.5M, an operating margin of -2099.8%. The quarter ended with a net loss of $14.6M.

Operating cash flow was −$7.7M. Non-cash charges added back $162K of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $4.7M.

Questions

What was Mereo BioPharma Group's revenue in the second quarter 2025?

Mereo BioPharma Group (MREO) reported revenue of $500K for the second quarter 2025 (Q2 2025).

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Source: Mereo BioPharma Group 10-Q on SEC EDGAR.