MESO Mesoblast Limited - American Depositary Shares
NASDAQ · Biotechnology · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 27, 2026
$14.08
· of 52w range
· above low
· to high
$13.0552w low
$21.4952w high
P/E
-304.7
EPS
$-0.04
Revenue
$120M
your badges
52W Range
$13–$21
Analyst Rating
BUY
Price Target
$37
P/E
-304.7
ROE
-9.9%
Net Profit Margin
-47.8%
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MESO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$14.08
P/E
-304.7
EPS
$-0.04
Revenue
$120M
ROE
-9.9%
52W Range
$13–$21
MESO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Jan. 10, 2024 | 1-for-2 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$120M2017-06-30 → 2026-06-30
EPS$-0.042017-06-30 → 2026-06-30
Free Cash Flow$-45M2025-06-30 → 2026-06-30
Net margin-47.8%2018-06-30 → 2026-06-30
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | MESO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -304.75Y avg ≈-123.5 | ≈-123.5 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | MESO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| EBITDA Margin | 2.0% | · | · | · | |
| Pretax Margin | -47.3%5Y avg ≈-824.8% | ≈-824.8% | · | · | |
| Net Profit Margin | -47.8%5Y avg ≈-823.6% | ≈-823.6% | · | · | |
| ROA | -7.4%5Y avg ≈-12.0% | ≈-12.0% | · | · | |
| ROE | -9.9%5Y avg ≈-16.0% | ≈-16.0% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | MESO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 2.45Y avg ≈1.8 | ≈1.8 | · | · | |
| Quick Ratio | 2.05Y avg ≈1.6 | ≈1.6 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | MESO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.25Y avg ≈0.0 | ≈0.0 | · | · | |
| Inventory Turnover | 0.7 | · | · | · | |
| Receivables Turnover | 3.35Y avg ≈1.6 | ≈1.6 | · | · | |
| Revenue / Employee | ≈$1.1M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
50.7%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| Dec. 31, 2025 | $-0.03 | $-0.15 | 80.1% | |
| Sept. 30, 2025 | $-0.07 | $-0.07 | -5.9% | |
| June 30, 2023 | $-0.03 | $-0.13 | 78.8% | |
| March 31, 2023 | $-0.02 | $-0.05 | 50.5% | |
| Dec. 31, 2022 | $-0.03 | $-0.06 | 48.1% | |
| Sept. 30, 2022 | $-0.02 | $-0.05 | 52.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $120M | $17M | $6M | $8M | $10M | $7M | $32M | $17M | $17M | $2M | |
| Cost of Revenue | $17M | $5M | $0 | $0 | · | · | · | · | · | · | |
| R&D Expense | $98M | $35M | $40M | $53M | $33M | $53M | $56M | $60M | $66M | $59M | |
| SG&A Expense | $57M | $39M | $25M | $27M | · | · | · | · | · | · | |
| Interest Expense | $20M | $22M | $21M | $19M | $17M | $16M | $15M | $12M | $2M | · | |
| Interest Income | · | · | · | · | $3.0K | $22.0K | $542.0K | $719.0K | $366.0K | $468.0K | |
| Pretax Income | $-57M | $-102M | $-88M | $-82M | $-92M | $-100M | $-87M | $-99M | $-66M | $-90M | |
| Income Tax | $613.0K | $330.0K | $-191.0K | $-212.0K | $-239.0K | $-819.0K | $-9M | $-9M | $-31M | $-13M | |
| Net Income | $-58M | $-102M | $-88M | $-82M | $-91M | $-99M | $-78M | $-90M | $-35M | $-77M | |
| EPS (Basic) | $-0.04 | $-0.08 | $-0.09 | $-0.11 | $-0.13 | $-0.16 | $-0.15 | $-0.18 | $-0.08 | $-0.19 | |
| EPS (Diluted) | $-0.04 | $-0.08 | $-0.09 | $-0.11 | $-0.13 | $-0.16 | $-0.15 | $-0.18 | $-0.08 | $-0.19 | |
| Shares (Basic) | 1,294,866,933 | 1,207,793,132 | 986,702,919 | 777,719,091 | 682,861,425 | 605,064,036 | 528,821,630 | 494,381,490 | 465,688,997 | 399,042,172 | |
| Shares (Diluted) | 1,294,866,933 | 1,207,793,132 | 986,702,919 | 777,719,091 | 682,861,425 | 605,064,036 | 528,821,630 | 494,381,490 | 465,688,997 | 399,042,172 | |
| EBITDA | $2M | $2M | · | · | · | · | · | · | · | · |
Balance Sheet
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $103M | $162M | $63M | $71M | $60M | $137M | $129M | $50M | $38M | $46M | |
| Receivables | $58M | $15M | $21M | $7M | $4M | $5M | $2M | $4M | $50M | $4M | |
| Inventory | $28M | $22M | $0 | · | · | · | · | · | · | · | |
| Current Assets | $197M | $204M | $86M | $82M | $70M | $148M | $137M | $63M | $101M | $64M | |
| PP&E (Net) | $2M | $2M | $1M | $1M | $2M | $3M | $2M | $826.0K | $1M | $2M | |
| Total Assets | $773M | $785M | $669M | $669M | $662M | $745M | $734M | $652M | $692M | $656M | |
| Accounts Payable | $47M | $19M | $7M | $20M | $23M | $20M | $25M | $13M | $19M | $22M | |
| Short-term Debt | · | · | · | · | $5M | $53M | · | · | · | · | |
| Current Liabilities | $81M | $103M | $73M | $42M | $51M | $94M | $90M | $44M | $24M | $37M | |
| Total Liabilities | $205M | $187M | $189M | $168M | $165M | $163M | $184M | $171M | $146M | $139M | |
| Total Debt | · | · | · | · | $5M | · | · | · | · | · | |
| Retained Earnings | $-1.07B | $-1.01B | $-909M | $-821M | $-739M | $-648M | $-549M | $-470M | $-380M | $-345M | |
| Stockholders' Equity | $568M | $597M | $480M | $502M | $497M | $581M | $549M | $481M | $546M | $517M |
Cash Flow
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2M | $2M | $5M | $4M | · | · | · | · | · | · | |
| Other Non-cash | $11M | $50M | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $-44M | $-50M | $-48M | $-63M | $-66M | $-101M | $-50M | $-58M | $-75M | $-95M | |
| CapEx | $833.0K | $680.0K | $271.0K | $264.0K | · | · | · | · | · | · | |
| Investing Cash Flow | $-1M | $120.0K | $-97.0K | $-194.0K | $-232.0K | $-2M | $-3M | $-1M | $-1M | $142.0K | |
| Financing Cash Flow | $-15M | $147M | $40M | $75M | $-10M | $109M | $131M | $72M | $69M | $60M | |
| Free Cash Flow | $-45M | $-51M | · | · | · | · | · | · | · | · | |
| Levered FCF | $-65M | $-72M | · | · | · | · | · | · | · | · |
Profitability
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -47.8% | -593.9% | -1490.3% | -1091.7% | -894.3% | -1325.2% | -242.4% | -537.0% | -203.5% | · | |
| Pretax Margin | -47.3% | -592.0% | -1493.5% | -1094.5% | -896.7% | -1336.2% | -271.7% | -590.6% | -380.5% | · | |
| EBITDA Margin | 2.0% | 14.3% | · | · | · | · | · | · | · | · | |
| ROA | -7.4% | -14.1% | -13.1% | -12.3% | -13.0% | -13.4% | -11.2% | -13.4% | -5.2% | · | |
| ROE | -9.9% | -18.9% | -17.9% | -16.4% | -16.9% | -17.5% | -15.1% | -17.5% | -6.6% | · |
Liquidity & Solvency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.4 | 2.0 | 1.2 | 1.9 | 1.4 | 1.6 | 1.5 | 1.4 | 4.2 | · | |
| Quick Ratio | 2.0 | 1.7 | 1.1 | 1.9 | 1.3 | 1.5 | 1.5 | 1.2 | 3.7 | · | |
| Debt / Equity | · | · | · | · | 0.0 | · | · | · | · | · |
Efficiency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | |
| Inventory Turnover | 0.7 | 0.5 | · | · | · | · | · | · | · | · | |
| Receivables Turnover | 3.3 | 1.0 | 0.4 | 1.3 | 2.2 | 2.3 | 11.4 | 0.6 | 0.6 | · |
Per Share
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $0.09 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.06 | $0.03 | $0.04 | · | |
| Cash Flow / Share | $-0.03 | $-0.04 | $-0.05 | $-0.09 | $-0.10 | $-0.18 | $-0.11 | $-0.12 | $-0.16 | · | |
| EPS (TTM) | $-0.04 | $-0.08 | $-0.09 | $-0.11 | $-0.13 | $-0.16 | $-0.15 | $-0.18 | $-0.08 | · |
Valuation (TTM)
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $120M | $17M | $6M | $8M | $10M | $7M | $32M | $17M | $17M | · | |
| Net Income TTM | $-58M | $-102M | $-88M | $-82M | $-91M | $-99M | $-78M | $-90M | $-35M | · | |
| P/E | -304.7 | -128.7 | -76.4 | -74.3 | -33.2 | -91.6 | -154.5 | -58.5 | -145.1 | · | |
| Earnings Yield | -0.33% | -0.78% | -1.3% | -1.4% | -3.0% | -1.1% | -0.65% | -1.7% | -0.69% | · |
Per Share
| Metric | Trend | Q4 2017 | Q4 2016 |
|---|---|---|---|
| EPS (TTM) | $-0.19 | $-0.01 |
Valuation (TTM)
| Metric | Trend | Q4 2017 | Q4 2016 |
|---|---|---|---|
| Revenue TTM | $2M | $43M | |
| Net Income TTM | $-77M | $-4M | |
| P/E | -82.6 | -700.9 | |
| Earnings Yield | -1.2% | -0.14% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Revenue | $120M | $17M | $6M | $8M | $10M |
| Net Income | $-58M | $-102M | $-88M | $-82M | $-91M |
| Diluted EPS | $-0.04 | $-0.08 | $-0.09 | $-0.11 | $-0.13 |
| Metric | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Debt / Equity | · | · | · | · | 0.0 |
| Current Ratio | 2.4 | 2.0 | 1.2 | 1.9 | 1.4 |
| Quick Ratio | 2.0 | 1.7 | 1.1 | 1.9 | 1.3 |
| Metric | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Free Cash Flow | $-45M | $-51M | · | · | · |
Institutional owners (13F) 80 filers · $90.7M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
80
Value held
$90.7M
New positions
9
Exited positions
4
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 9 (-1 vs prior Q) | 4 (-9 vs prior Q) | 29 (+3 vs prior Q) | 20 (-1 vs prior Q) | +1.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| JANE STREET GROUP, LLC | $16,097,994 | 1,189,800 | 17.75% | Call option |
| CITADEL ADVISORS LLC | $9,940,491 | 734,700 | 10.96% | Call option |
| MORGAN STANLEY | $9,722,766 | 718,608 | 10.72% | Shares |
| BlackRock, Inc. | $8,987,708 | 664,280 | 9.91% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $6,193,276 | 457,744 | 6.83% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5,384,940 | 398,000 | 5.94% | Call option |
| GOLDMAN SACHS GROUP INC | $5,352,630 | 395,612 | 5.90% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $3,513,741 | 259,700 | 3.87% | Shares |
| UBS Group AG | $2,706,718 | 200,053 | 2.98% | Shares |
| Arax Advisory Partners | $2,273,339 | 168,022 | 2.51% | Shares |
| Summit X, LLC | $2,170,336 | 199,295 | 2.39% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,815,726 | 134,200 | 2.00% | Put option |
| BANK OF AMERICA CORP /DE/ | $1,353,000 | 100,000 | 1.49% | Shares |
| Penbrook Management LLC | $1,178,124 | 87,075 | 1.30% | Shares |
| CITADEL ADVISORS LLC | $1,121,637 | 82,900 | 1.24% | Put option |
| Fi3 FINANCIAL ADVISORS, LLC | $1,020,894 | 7,891 | 1.13% | Shares |
| Prosperity Wealth Management, Inc. | $918,236 | 50,900 | 1.01% | Shares |
| M&G PLC | $827,400 | 59,100 | 0.91% | Shares |
| Quadrature Capital Ltd | $718,795 | 53,126 | 0.79% | Shares |
| LPL Financial LLC | $647,641 | 47,867 | 0.71% | Shares |
| LAZARI CAPITAL MANAGEMENT, INC. | $641,606 | 47,421 | 0.71% | Shares |
| Rialto Wealth Management, LLC | $629,145 | 46,500 | 0.69% | Shares |
| GROUP ONE TRADING LLC | $595,726 | 44,030 | 0.66% | Shares |
| ROYAL BANK OF CANADA | $595,000 | 44,003 | 0.66% | Shares |
| TWO SIGMA INVESTMENTS, LP | $587,243 | 43,403 | 0.65% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $456,596 | 33,747 | 0.50% | Shares |
| JANE STREET GROUP, LLC | $448,547 | 33,152 | 0.49% | Shares |
| &PARTNERS | $372,982 | 27,567 | 0.41% | Shares |
| CITIGROUP INC | $354,878 | 26,229 | 0.39% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $341,267 | 25,223 | 0.38% | Shares |
| XTX Topco Ltd | $337,736 | 24,962 | 0.37% | Shares |
| WELLS FARGO & COMPANY/MN | $258,328 | 19,093 | 0.28% | Shares |
| Vanguard Personalized Indexing Management, LLC | $249,047 | 18,407 | 0.27% | Shares |
| MARSHALL WACE, LLP | $236,545 | 17,483 | 0.26% | Shares |
| Squarepoint Ops LLC | $235,449 | 17,402 | 0.26% | Shares |
| BCS Private Wealth Management, Inc. | $216,480 | 16,000 | 0.24% | Shares |
| R Squared Ltd | $196,077 | 14,492 | 0.22% | Shares |
| Rathbones Group PLC | $189,650 | 14,017 | 0.21% | Shares |
| Creative Planning | $178,109 | 13,164 | 0.20% | Shares |
| CHOREO, LLC | $168,449 | 12,450 | 0.19% | Shares |
| Ballentine Partners, LLC | $141,361 | 10,448 | 0.16% | Shares |
| Visionary Wealth Advisors | $139,698 | 10,325 | 0.15% | Shares |
| TOBIAS FINANCIAL ADVISORS, INC. | $135,300 | 10,000 | 0.15% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $133,352 | 9,856 | 0.15% | Shares |
| China Universal Asset Management Co., Ltd. | $112,556 | 8,319 | 0.12% | Shares |
| RHUMBLINE ADVISERS | $106,242 | 7,853 | 0.12% | Shares |
| GAMMA Investing LLC | $100,298 | 7,413 | 0.11% | Shares |
| SIMPLEX TRADING, LLC | $94,317 | 6,971 | 0.10% | Shares |
| SIGNATUREFD, LLC | $91,625 | 6,772 | 0.10% | Shares |
| JPMORGAN CHASE & CO | $54,711 | 4,020 | 0.06% | Shares |
Company insiders 2 insiders · 1 officers · 1 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| James Michael Obrien | Chief Financial Officer | Dec. 23, 2025 A | · | 0 | 0 | $0 |
| Gregory George | Director | April 10, 2026 P | 8,324,072 | 30 | 0 | $37,532,071 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 3 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
MESO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 10 analysts
BUY
Median target
$37.00
+162.8%
2 20.0%
Strong Buy
7 70.0%
Buy
1 10.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-10-02Mean target $37.00 +162.8%
← Below all targets
Current price $14.08
Low$35.00
Mean$37.00
High$39.00
Latest News Recent headlines mentioning this company
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Source: SEC 20-F filed Aug 27, 2026