MTSR - Metsera, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$55.50
DETAILS
HIGH:
$57.00
LOW:
$54.00
MEDIAN:
$55.50
CONSENSUS:
$55.50
DOWNSIDE:
21.28%
| Metric | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | ||||||||
| R&D Expenses | 63.7 | 60.5 | 57.2 | 38.9 | 29.9 | 20.9 | 17.8 | 5.6 |
| SG&A Expenses | 15.0 | 11.5 | 8.6 | 9.7 | 7.3 | 5.6 | 4.1 | 4.5 |
| Other Expenses | 43.4 | (0.9) | 14.0 | 15.8 | 74.0 | 1.5 | (0.8) | 2.7 |
| Operating Expenses | 122.1 | 71.1 | 79.8 | 64.5 | 111.3 | 28.0 | 21.1 | 12.7 |
| Operating Income | ||||||||
| Operating Income | (122.1) | (71.1) | (79.8) | (64.5) | (111.3) | (28.0) | (21.1) | (12.7) |
| Interest Expense | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | 0 | 0 |
| Interest Income | 4.8 | 5.4 | 4.9 | 2.8 | 1.4 | 1.1 | 0.9 | 0.8 |
| Profitability | ||||||||
| EBITDA | (116.2) | (68.7) | (76.5) | (132.6) | (110.0) | (27.0) | (20.2) | (10.1) |
| EBIT | (116.2) | (68.7) | (76.5) | (132.6) | (110.0) | (27.0) | (20.2) | (10.1) |
| Income Before Tax | (116.2) | (68.7) | (76.6) | (61.3) | (110.0) | (27.0) | (20.2) | (11.9) |
| Income Tax Expense | 0 | 0 | 0 | (8.4) | (0.4) | (0.3) | (0.3) | 0 |
| Net Income | (116.2) | (68.7) | (76.6) | (52.9) | (109.6) | (26.7) | (19.9) | (11.9) |
| Per Share Data | ||||||||
| EPS (Basic) | -1.11 | -0.66 | -0.74 | -0.51 | -2.20 | -0.54 | -0.40 | -0.24 |
| EPS (Diluted) | -1.11 | -0.66 | -0.74 | -0.51 | -2.20 | -0.54 | -0.40 | -0.24 |
| Shares Outstanding | 105.0 | 104.9 | 104.0 | 103.0 | 49.9 | 49.9 | 49.9 | 49.9 |
| Metric | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 |
|---|---|---|---|---|---|
| Current Assets | |||||
| Cash & Cash Equivalents | 448.5 | 530.9 | 588.3 | 352.4 | 187.6 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 2.3 | 2.2 | 1.6 | 4.6 | 3.4 |
| Total Current Assets | 461.4 | 538.1 | 594.7 | 359.1 | 191.0 |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0.6 | 1.3 | 1.3 | 1.4 | 0.1 |
| Goodwill | 23.4 | 23.9 | 22.5 | 21.9 | 23.3 |
| Intangible Assets | 73.2 | 74.8 | 70.6 | 68.5 | 72.9 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 8.9 | 1.6 | 1.6 | 0 | 0 |
| Total Non-Current Assets | 106.2 | 101.6 | 96.0 | 91.9 | 96.3 |
| Total Assets | 567.6 | 639.7 | 690.7 | 451.0 | 287.3 |
| Current Liabilities | |||||
| Account Payables | 20.2 | 22.9 | 15.2 | 20.8 | 9.9 |
| Short-Term Debt | 2.4 | 0 | 8.5 | 8.4 | 6.0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 56.6 | 46.5 | 38.1 | 25.3 | 42.7 |
| Total Current Liabilities | 108.5 | 102.3 | 90.7 | 67.3 | 71.9 |
| Non-Current Liabilities | |||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 8.3 | 8.5 | 8.0 | 7.8 | 17.2 |
| Other Non-Current Liabilities | 113.6 | 79.3 | 86.0 | 87.8 | 68.4 |
| Total Non-Current Liabilities | 122.0 | 88.1 | 94.6 | 96.3 | 85.6 |
| Total Liabilities | 230.5 | 190.4 | 185.3 | 163.6 | 157.5 |
| Stockholders' Equity | |||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0 | 0 |
| Retained Earnings | (518.7) | (402.4) | (333.7) | (257.1) | (204.3) |
| Accumulated Other Comprehensive Income | 10.6 | 13.6 | 5.3 | 1.2 | 6.6 |
| Total Stockholders' Equity | 337.2 | 449.2 | 505.4 | 287.4 | 129.8 |
| Total Liabilities & Equity | 567.6 | 639.7 | 690.7 | 451.0 | 287.3 |
| Debt Metrics | |||||
| Total Debt | 2.8 | 1.1 | 9.7 | 9.8 | 6.0 |
| Net Debt | (445.6) | (529.9) | (578.6) | (342.6) | (181.6) |
| Metric | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (116.2) | (68.7) | (76.6) | (52.9) | (109.6) | (26.7) | (19.9) | (13.0) |
| Depreciation & Amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Stock-Based Compensation | 0 | 4.3 | 2.1 | 1.5 | 0.4 | 0.4 | 0.1 | 0.0 |
| Change in Working Capital | (15.6) | 13.4 | 6.0 | 11.3 | 6.3 | 5.5 | 5.2 | (3.0) |
| Other Non-Cash Items | 50.1 | (7.9) | 14.1 | 3.7 | 74.6 | 1.5 | (0.9) | 2.7 |
| Operating Cash Flow | (81.7) | (59.0) | (54.3) | (36.4) | (28.3) | (19.6) | (15.8) | (13.3) |
| Investing Activities | ||||||||
| Capital Expenditure | 0 | (0.2) | (0.0) | (0.0) | 0 | (0.0) | 0 | 0.0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | 0 | (0.2) | (0.0) | (0.0) | 0 | (0.0) | 0 | 0.0 |
| Financing Activities | ||||||||
| Net Debt Issuance | (0.0) | (0.0) | (0.1) | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | (1.4) | 0.1 | (12.8) | (0.2) | (6.3) | (0.5) | (0.0) |
| Financing Cash Flow | 0.4 | (1.5) | 288.6 | 202.2 | 139.4 | (6.3) | 42.9 | 22.4 |
| Cash Position | ||||||||
| Net Change in Cash | (82.5) | (57.4) | 235.9 | 164.9 | 111.2 | (25.9) | 27.1 | 9.3 |
| Cash at Beginning | 530.9 | 588.3 | 352.4 | 187.6 | 76.4 | 102.3 | 75.2 | 65.9 |
| Cash at End | 448.5 | 530.9 | 588.3 | 352.4 | 187.6 | 76.4 | 102.3 | 75.2 |
| Free Cash Flow | (81.7) | (59.2) | (54.3) | (36.4) | (28.3) | (19.6) | (15.8) | (13.3) |
| Key Metrics | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | (122.1) | (71.1) | (79.8) | (64.5) | (111.3) | (28.0) | (21.1) | (12.7) |
| Net Income | (116.2) | (68.7) | (76.6) | (52.9) | (109.6) | (26.7) | (19.9) | (11.9) |
| EPS (Diluted) | -1.11 | -0.66 | -0.74 | -0.51 | -2.20 | -0.54 | -0.40 | -0.24 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 448.5 | 530.9 | 588.3 | 352.4 | 187.6 | |||
| Total Assets | 567.6 | 639.7 | 690.7 | 451.0 | 287.3 | |||
| Total Debt | 2.8 | 1.1 | 9.7 | 9.8 | 6.0 | |||
| Stockholders' Equity | 337.2 | 449.2 | 505.4 | 287.4 | 129.8 | |||
| Cash Flow | ||||||||
| Operating Cash Flow | (81.7) | (59.0) | (54.3) | (36.4) | (28.3) | (19.6) | (15.8) | (13.3) |
| Capital Expenditure | 0 | (0.2) | (0.0) | (0.0) | 0 | (0.0) | 0 | 0.0 |
| Free Cash Flow | (81.7) | (59.2) | (54.3) | (36.4) | (28.3) | (19.6) | (15.8) | (13.3) |