Marker Therapeutics, Inc. MRKR

Healthcare SIC 2834 - Pharmaceutical Preparations Nasdaq

We are a clinical-stage immuno-oncology company specializing in the development of novel T cell-based immunotherapies for the treatment of hematological malignancies and solid tumor indications. Harnessing millions of years of immunologic evolution, Marker's Multi Antigen Recognizing ("MAR")-T cell technology is designed to recognize and kill highly heterogeneous tumors without the need for genetic modifications. This approach selectively expands natural tumor-specific T cells from a patient's/donor's blood that are capable of recognizing a broad range of tumor associated antigens, or TAAs. Unlike other T cell therapies, MAR-T cells are able to recognize hundreds of different epitopes within up to six tumor-specific antigens to produce broad spectrum anti-tumor activity. Targeting multiple antigens simultaneously exploits the natural capacity of T cells to recognize and kill tumor targets via native T cell receptors ("TCR"), while limiting tumor adaptation/escape by antigen-negative selection or antigen down-regulation. When infused into a patient with cancer, the MAR-T cells are designed to kill cancer cells expressing the TAA.

Last close 1.18 2026-09-04
Market cap $19.7M 2026-06-30 share count
52-week range 0.83 - 2.46

Valuation FY2025 figures against the last close

P/S5.5x
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-0.79

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.5M$6.6M$3.3M$3.5M$1.2M$466.8K$213.2K$206.0K$183.1K
R&D $11.8M$13.5M$10.4M$12.0M$27.8M$18.9M$12.8M$8.0M$5.3M$3.8M
SG&A $4.2M$4.2M$7.5M$11.3M$12.9M$10.5M$10.0M$24.4M$6.4M$4.7M
Total operating expenses $16.4M$17.7M$17.9M$23.3M$40.7M$29.4M$22.7M$148.4M$11.7M$8.5M
Operating income -$12.9M-$11.1M-$14.6M-$19.8M-$39.5M-$28.9M-$22.5M-$148.2M-$11.5M-$8.5M
Pre-tax income -$12.2M-$10.7M-$14.0M-$19.8M-$148.0M-$11.0M-$2.5M
Income tax $15.2K$50.0K$3.7K$0$0$0
Net income -$12.2M-$10.7M-$8.2M-$29.9M-$41.9M-$28.7M-$21.4M-$148.0M-$11.0M-$2.5M
EPS, basic -0.79-1.19-0.94-3.58-5.47-0.61-1.16-0.36
EPS, diluted -0.79-1.19-0.94-3.58-5.47-0.61-0.47-7.75-1.16-0.72
Shares, diluted (wtd. avg.) $15.3M$9.0M$8.8M$8.4M$7.7M$47.0M$45.6M$19.1M$9.5M$7.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $16.1M$19.2M$15.1M$11.8M$43.5M$21.4M$43.9M$61.7M$5.1M
Total current assets $19.1M$22.0M$17.1M$16.6M$46.0M$24.4M$45.5M$62.0M$5.2M$7.9M
Property, plant and equipment $12.3M$12.3M$10.4M$418.0K$147.7K$0
Total assets $19.1M$22.0M$17.1M$34.4M$68.1M$45.6M$46.4M$62.1M$5.2M$7.9M
Accounts payable $793.7K$1.1M$961.0K$1.1M$5.1M$2.9M$993.0K$1.6M$1.0M$680.0K
Total current liabilities $2.3M$3.5M$3.1M$7.8M$12.9M$6.4M$2.0M$2.8M$1.5M$1.7M
Total liabilities $2.3M$3.5M$3.1M$14.8M$24.1M$18.3M$2.3M$2.8M$1.5M$1.7M
Retained earnings -$459.2M-$447.0M-$436.3M-$428.0M-$398.1M-$356.2M-$327.5M-$306.1M-$157.4M-$145.8M
Total equity $16.8M$18.6M$14.1M$19.6M$44.0M$27.3M$44.1M$59.3M$3.7M$6.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$12.0M-$10.9M-$16.4M-$27.0M-$27.3M-$20.0M-$18.3M-$14.5M-$8.4M-$6.5M
Depreciation and amortisation $2.8M$2.1M$485.6K$105.1K
Stock-based compensation $537.5K$245.9K$858.3K$3.3M$6.0M$5.2M$5.4M$16.4M$2.7M$1.6M
Capital expenditure $375.0K$147.7K$0
Investing cash flow $18.7M-$4.9M-$3.1M-$9.3M-$375.0K-$147.7K$0
Financing cash flow $9.9M$15.0M$1.1M$202.1K$52.6M$6.7M$816.5K$71.2M$5.7M$7.8M
Buybacks $71.7K$310.5K$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-031274.

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