FY2025 · ended Dec 31, 2025 · Revenue $1.87B, -8.6% YoY · Filed Feb 12, 2026
Mercer International Inc. (MERC) files with the SEC under industry code 2611, Pulp Mills. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.9 billion and a net loss of $497.9 million. Free cash flow was -$80.0 million. As of Jun 30, 2026 it held $78.8 million in cash and investments and $1.3 billion in total debt.
Revenue (TTM)
$1.86B
-4.8% vs year-ago TTM
Net income (TTM)
$-517.45M
-373.6% vs year-ago TTM
Operating cash flow (TTM)
$-84.68M
-270.4% vs year-ago TTM
Free cash flow (TTM)
$-154.18M
-261.2% vs year-ago TTM
EPS (TTM)
$-7.73
-373.1% vs year-ago TTM
Dividend per share (TTM)
$0.00
-100.0% vs year-ago TTM
Shares outstanding
66.98M
+0.2% vs prior year
Net cash
$-1.25B
as of Jun 30, 2026
Operating margin
-23.6%
FY 2026
Company profile
- Industry
- Pulp Mills (SIC 2611)
- Listed as
- MERC (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- WA
- Headquarters
- Vancouver, British Columbia, Canada
- SEC filer status
- Accelerated filer
- SEC CIK
- 1333274
- Former names
- MERCER INTERNATIONAL REGCO INC. (until Mar 2, 2006)
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.0B | $2.0B | $2.3B | $1.8B |
| Operating income | -$397.7M | $15.0M | -$188.8M | $392.4M | $346.6M |
| Net income | -$497.9M | -$85.1M | -$242.1M | $247.0M | $171.0M |
| Diluted EPS | -$7.44 | -$1.27 | -$3.65 | $3.71 | $2.58 |
| Operating cash flow | $8.6M | $90.2M | -$69.0M | $360.7M | $182.2M |
| Free cash flow | -$80.0M | $5.9M | -$205.3M | $181.9M | $22.8M |
| Total assets | $2.0B | $2.3B | $2.7B | $2.7B | $2.4B |
| Total liabilities | $2.0B | $1.8B | $2.0B | $1.9B | $1.7B |
| Stockholders' equity | $68.1M | $429.8M | $635.4M | $838.8M | $694.0M |
| Cash and investments | $186.8M | $184.9M | $314.0M | $354.0M | $345.6M |
| Total debt | $1.7B | $1.5B | $1.7B | $1.4B | $1.3B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, Regulation FD disclosure
|
Nov 3, 2026 | Oct 30, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Oct 2, 2026 | Oct 2, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Aug 26, 2026 | Aug 26, 2026 |
| 10-Q | Quarterly report | Aug 6, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 6, 2026 | Aug 6, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Jul 14, 2026 | Jul 14, 2026 |
All 1000 Mercer International Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.