Financials · MESO

Mesoblast Limited (MESO) financials

For fiscal 2026 (ended Jun 30, 2026), Mesoblast Limited reported $120.25M of revenue and -$57.50M of net income.

Revenue, FY2026
$120.25M
Revenue growth, YoY
+599.2%
Net income, FY2026
-$57.50M
Net margin
-47.8%
Free cash flow, FY2026
-$44.66M
EPS, diluted, FY2026
-$0.04
Cash
$102.91M
Total debt
$108.64M
P/S
15.62
Market cap
$1.88B
Annual revenue$120.25M
FY2017FY2026
Annual net income-$57.50M
FY2017FY2026
Annual free cash flow-$44.66M
FY2023FY2026

MESO revenue and earnings growth

MESO revenueFY2026$120.25M

FY YoY
+599.2%
5Y CAGR
+74.5%
10Y CAGR
+10.9%

MESO revenue was $120.25M for fiscal 2026 (ended Jun 30, 2026), up 599.2% from fiscal 2025. Compound annual growth was +74.5% over 5 years and +10.9% over 10 years. It rose in 5 of the last 10 fiscal years. Fiscal 2026 is the highest of the 11 fiscal years on file.

MESO net incomeFY2026-$57.50M

MESO net income was -$57.50M for fiscal 2026 (ended Jun 30, 2026), compared with -$102.14M in fiscal 2025.

MESO EPSFY2026-$0.04

MESO diluted EPS was -$0.04 for fiscal 2026 (ended Jun 30, 2026), compared with -$0.08 in fiscal 2025.

MESO free cash flowFY2026-$44.66M

MESO free cash flow was -$44.66M for fiscal 2026 (ended Jun 30, 2026), compared with -$50.63M in fiscal 2025.

Income statement

Income statement
Line item
Jun 30, 2026
Jun 30, 2025
Jun 30, 2024
Jun 30, 2023
Jun 30, 2022
Jun 30, 2021
Jun 30, 2020
Jun 30, 2019
Jun 30, 2018
Jun 30, 2017
Revenue$120.25M$17.20M$5.90M$7.50M$10.21M$7.43M$32.16M$16.72M$17.34M$2.41M
Cost of revenue$16.67M$5.13M$0$0------
Gross profit$103.58M$12.07M$5.90M$7.50M------
Research and development$97.51M$34.81M$39.72M$52.82M$32.81M$53.01M$56.19M$59.81M$65.93M$58.91M
Selling, general and admin$57.35M$39.31M$24.98M$27.48M------
Interest expense$19.87M$21.75M$20.66M$19.44M$16.91M$15.94M$14.72M$11.70M$1.83M-
Pre-tax income-$56.89M-$101.81M-$88.15M-$82.10M-$91.59M-$99.63M-$87.36M-$98.75M-$65.98M-$90.22M
Income tax$613.0K$330.0K-$191.0K-$212.0K-$239.0K-$819.0K-$9.41M-$8.96M-$30.69M-$13.40M
Net income-$57.50M-$102.14M-$87.96M-$81.89M-$91.35M-$98.81M-$77.94M-$89.80M-$35.29M-$76.81M
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
Diluted shares1.29B1.21B986.7M777.7M682.9M605.1M528.8M494.4M465.7M399.0M

Balance sheet

Balance sheet
Line item
Jun 30, 2026
Jun 30, 2025
Jun 30, 2024
Jun 30, 2023
Jun 30, 2022
Jun 30, 2021
Jun 30, 2020
Jun 30, 2019
Jun 30, 2018
Jun 30, 2017
Cash and equivalents$102.91M$161.55M$62.96M$71.32M$60.45M$136.88M$129.33M$50.43M$37.76M$45.76M
Receivables$57.66M$14.87M$20.95M$7.00M$4.40M$4.84M$1.57M$4.06M$50.37M$3.74M
Inventory$28.11M$22.25M$0-------
Current assets$197.49M$204.35M$86.46M$81.66M$69.84M$148.23M$136.55M$62.52M$101.07M$63.61M
Total assets$773.08M$784.68M$669.15M$669.41M$662.14M$744.72M$733.60M$652.12M$692.44M$655.69M
Current liabilities$81.11M$102.63M$73.24M$41.98M$51.37M$94.27M$90.14M$44.33M$24.00M$36.67M
Short-term debt----$5.02M$53.20M----
Long-term debt$108.64M$67.74M$100.48M$102.81M$91.62M$41.05M$57.02M$67.28M$59.40M-
Total debt$108.64M$67.74M$100.48M$102.81M$96.63M$94.25M$57.02M$67.28M$59.40M$0
Total liabilities$204.67M$187.24M$188.80M$167.58M$165.10M$163.32M$184.28M$171.06M$146.44M$138.92M
Shareholders' equity$568.40M$597.44M$480.36M$501.84M$497.04M$581.40M$549.33M$481.05M$546.01M$516.77M

Cash flow

Cash flow
Line item
Jun 30, 2026
Jun 30, 2025
Jun 30, 2024
Jun 30, 2023
Jun 30, 2022
Jun 30, 2021
Jun 30, 2020
Jun 30, 2019
Jun 30, 2018
Jun 30, 2017
Operating cash flow-$43.83M-$49.95M-$48.46M-$63.27M-$65.78M-$100.75M-$50.42M-$57.79M-$75.01M-$95.47M
Capital expenditures$833.0K$680.0K$271.0K$264.0K------
Free cash flow-$44.66M-$50.63M-$48.73M-$63.53M------
Investing cash flow-$1.02M$120.0K-$97.0K-$194.0K-$232.0K-$1.65M-$3.27M-$1.00M-$1.15M$142.0K
Financing cash flow-$15.33M$147.34M$40.25M$74.50M-$9.87M$108.53M$131.10M$71.61M$68.61M$60.01M
Stock-based compensation$14.87M$22.09M$5.87M$3.65M$5.54M$12.51M$7.52M$4.37M$6.20M$5.28M
Depreciation and amortization$8.59M$6.40M$4.67M$4.11M$4.38M$4.26M$3.67M$2.14M$2.65M$3.06M

Key ratios

Key ratios
Line item
Jun 30, 2026
Jun 30, 2025
Jun 30, 2024
Jun 30, 2023
Jun 30, 2022
Jun 30, 2021
Jun 30, 2020
Jun 30, 2019
Jun 30, 2018
Jun 30, 2017
Revenue growth, YoY599.2%191.4%-21.3%-26.5%37.4%-76.9%92.3%-3.6%618.9%-94.3%
Gross margin86.1%70.2%100.0%100.0%------
Net margin-47.8%-593.9%-1490.3%-1091.7%-894.6%-1329.2%-242.4%-537.0%-203.5%-3184.7%
Free cash flow margin-37.1%-294.4%-825.6%-847.0%------
Return on equity-10.1%-17.1%-18.3%-16.3%-18.4%-17.0%-14.2%-18.7%-6.5%-14.9%
Return on assets-7.4%-13.0%-13.1%-12.2%-13.8%-13.3%-10.6%-13.8%-5.1%-11.7%
Current ratio2.431.991.181.951.361.571.511.414.211.73
Debt to equity0.190.110.210.200.190.160.100.140.110.00

Source: XBRL data Mesoblast Limited files with the SEC, latest filing dated Aug 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

MESO peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MESO$120.25M+599.2%-$57.50M-47.8%$1.88B
AMGN$38.90B+8.2%$9.39B24.1%$251.65B
GILD$30.99B+6.5%-$3.86B-12.5%$210.01B
MRNA$2.52B+13.1%-$2.79B-110.5%$107.39B
ARGX$4.25B+88.6%$1.29B30.4%$59.72B
RVMD$0--$1.13B-$43.29B
BIIB$10.30B+2.3%$347.50M3.4%$37.67B
BNTX€2.87B+4.3%-€1.14B-39.6%$21.98B
EXEL$2.50B+9.1%$885.14M35.5%$17.51B

MESO FAQ

9 questions
  • What is MESO revenue?
    Mesoblast Limited (MESO) reported $120.25M of revenue for fiscal 2026 (ended Jun 30, 2026). That is up 599.2% from the year before.
  • Is MESO profitable?
    No. Mesoblast Limited reported a net loss of $57.50M for fiscal 2026 (ended Jun 30, 2026).
  • How much cash and debt does MESO have?
    Mesoblast Limited reported $102.91M in cash and cash equivalents and $108.64M of debt on its most recent balance sheet in SEC filings.
  • How fast is MESO revenue growing?
    Mesoblast Limited's revenue changed +599.2% in fiscal 2026, to $120.25M. Its compound annual growth rate was +74.5% over 5 years and +10.9% over 10 years.
  • What is MESO gross margin?
    Mesoblast Limited's gross profit was $103.58M on $120.25M of revenue for fiscal 2026 (ended Jun 30, 2026), a gross margin of 86.1%.
  • What is MESO free cash flow?
    Mesoblast Limited generated -$44.66M of free cash flow for fiscal 2026 (ended Jun 30, 2026), which is operating cash flow of -$43.83M less capital expenditures.
  • What is MESO earnings per share?
    Diluted earnings per share were -$0.04 for fiscal 2026 (ended Jun 30, 2026), from SEC filings, restated for any stock split those filings show.
  • When did MESO last report financial results?
    The latest statements here come from Mesoblast Limited's 20-F filed on Aug 27, 2026, covering the period ended Jun 30, 2026.
  • Where does this MESO financial data come from?
    Quantisnow builds these statements from the structured XBRL data Mesoblast Limited files with the SEC. It is provided for information only and is not investment advice.