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NASDAQ · Basic materialsMercer International Inc. (MERC)
Mercer International Inc. brought in $1.9B of revenue over the twelve months to June 30, 2026, down 4.8% from a year earlier. It posted a net loss of $517.5M. In fiscal 2025 capital spending exceeded operating cash flow by $80M. At June 30, 2026 it held $78.8M in cash against $1.3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.
What Mercer International Inc. does
Mercer International Inc. is registered with the SEC under industry code SIC 2611 (Pulp Mills). Its shares trade on NASDAQ under the ticker MERC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.9B | -$497.9M | -$7.44 | -$80M |
| 2024 | $2B | -$85.1M | -$1.27 | $5.9M |
| 2023 | $2B | -$242.1M | -$3.65 | -$205.3M |
| 2022 | $2.3B | $247M | $3.71 | $181.9M |
| 2021 | $1.8B | $171M | $2.58 | $22.8M |
| 2020 | $1.4B | -$17.2M | -$0.26 | -$37M |
Full financial statements: income, balance sheet and cash flow
Where MERC ranks in Basic materials
Dividends
Mercer International Inc. declared $0.15 per share in fiscal 2025. At the current price that is a yield of 46.88%. It paid out $10M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.15 | $10M | n/a |
| 2024 | $0.30 | $20.1M | n/a |
| 2023 | $0.30 | $20M | n/a |
| 2022 | $0.30 | $19.8M | 8% |
| 2021 | $0.26 | $17.2M | 10% |
| 2020 | $0.33 | $21.9M | n/a |
Latest SEC filings
What Mercer International Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 26, 2026
- August 14, 2026Passive stake (5% or more) SCHEDULE 13G
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 1.5% to $460.3M versus the same quarter last year; diluted EPS -$1.13 versus -$1.29.
- August 6, 2026
- July 31, 2026Activist stake changed SCHEDULE 13D/A
- July 14, 2026
- July 10, 2026
- June 30, 2026
- June 1, 2026
- May 21, 2026Activist stake changed SCHEDULE 13D/A
Insider trades
What the people running Mercer International Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| June 12, 2026 | Kellogg Peter R10% owner | Bought | 36,000 | $33.5K |
| June 12, 2026 | Kellogg Peter R10% owner | Bought | 1,210 | $1.1K |
| June 12, 2026 | Kellogg Peter R10% owner | Bought | 200 | $181.7 |
| June 12, 2026 | Kellogg Peter R10% owner | Bought | 14,031 | $12.8K |
| June 11, 2026 | Kellogg Peter R10% owner | Bought | 136,000 | $116.9K |
| June 10, 2026 | Kellogg Peter R10% owner | Bought | 36,000 | $29.7K |
| June 9, 2026 | Kellogg Peter R10% owner | Bought | 23,637 | $18.8K |
| June 8, 2026 | Kellogg Peter R10% owner | Bought | 34,733 | $27.7K |
| June 5, 2026 | Kellogg Peter R10% owner | Bought | 36,000 | $30.6K |
| June 4, 2026 | Kellogg Peter R10% owner | Bought | 36,000 | $32K |
| June 2, 2026 | Kellogg Peter R10% owner | Bought | 1,047 | $958.5 |
| June 1, 2026 | Kellogg Peter R10% owner | Bought | 16,000 | $14.4K |
| June 1, 2026 | Kellogg Peter R10% owner | Bought | 36,000 | $32.4K |
| June 1, 2026 | Kellogg Peter R10% owner | Bought | 2,731 | $2.5K |
| June 1, 2026 | Kellogg Peter R10% owner | Bought | 10,154 | $9.2K |
Who owns MERC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Peter R. Kellogg13D, may seek influence with 5 related filers | 40.25% | July 31, 2026 |
| Redwood Capital Management LLC13G, passive with 4 related filers | 6.9% | November 14, 2025 |
| Barclays PLC13G, passive | 5.75% | May 14, 2026 |
| Whitebox Advisors LLC13G, passive with 1 related filers | 5.4% | August 14, 2026 |
Largest institutional holders
Insiders
1 insiders reported holding 1,385,672 shares in total, about $443.4K at the last price.
| Holder | Shares |
|---|---|
| Kellogg Peter R10% owner | 1,385,672 |
Questions about MERC
What does Mercer International Inc. do?
Mercer International Inc. is registered with the SEC under industry code SIC 2611 (Pulp Mills). Its shares trade on NASDAQ under the ticker MERC.
Is Mercer International Inc. profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $517.5M on revenue of $1.9B.
How much revenue does Mercer International Inc. make?
Over the twelve months to June 30, 2026 Mercer International Inc. reported revenue of $1.9B. That is 4.8% less than a year earlier.
When did Mercer International Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the investor disclosure from August 26, 2026.
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Follow MERC: get an email when it filesWhere the numbers come from
Financial figures are the values Mercer International Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.