NASDAQ : IMTX
Immatics N.V. — Financial statements
Healthcare · Biotechnology · Germany
Last price 7.2 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 984.17M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Immatics N.V. (IMTX) reported revenue of 41.70M EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 41.70M | 48.27M | 155.84M | 54.00M | 172.83M | 34.76M |
| Cost of Revenue | 218.41M | 183.83M | 148.08M | 118.66M | 106.78M | 87.57M |
| Gross Profit | -176.71M | -135.57M | 7.76M | -64.67M | 66.05M | -52.81M |
| Selling, General & Admin | 54.79M | 51.18M | 46.45M | 38.20M | 36.12M | 33.81M |
| Other Operating Expenses | -4.72M | -4.73M | -78.00K | -1.14M | -26.00K | -325.00K |
| Operating Expenses | 50.07M | 46.45M | 46.37M | 37.06M | 36.10M | 33.48M |
| Operating Income | -226.78M | -182.02M | -38.62M | -101.72M | 29.95M | -86.29M |
| Interest Expense | -868.00K | -946.00K | -886.00K | -831.00K | -1.04M | -566.00K |
| Interest & Investment Income | 14.33M | 17.18M | 25.00M | 13.85M | 2.48M | 133.00K |
| Currency Exchange Gain (Loss) | 6.44M | -35.27M | 18.36M | -5.63M | 440.00K | 5.27M |
| Other Non Operating Income (Expenses) | 115.00K | 2.62M | 17.48M | -2.65M | 10.20M | -11.87M |
| EBT Excluding Unusual Items | -206.76M | -198.44M | 21.35M | -96.99M | 42.04M | -93.33M |
| Pretax Income | -206.76M | -198.44M | 21.35M | -96.99M | 42.04M | -93.33M |
| Income Tax Expense | -215.00K | -1.99M | 6.13M | -2.35M | 14.33M | |
| Earnings From Continuing Operations | -206.55M | -196.45M | 15.22M | -94.65M | 27.70M | -93.33M |
| Net Income to Company | -196.45M | 15.22M | -94.65M | 27.70M | -93.33M | |
| Net Income | -206.55M | -196.45M | 15.22M | -94.65M | 27.70M | -93.33M |
| Net Income to Common | -206.55M | -196.45M | 15.22M | -94.65M | 27.70M | -93.33M |
| Shares Outstanding (Basic) | 129.41M | 122.35M | 105.74M | 80.55M | 67.22M | 62.91M |
| Shares Outstanding (Diluted) | 129.41M | 122.35M | 106.80M | 80.55M | 68.82M | 62.91M |
| EPS (Basic) | -1.60 | -1.61 | 0.14 | -1.18 | 0.41 | -1.48 |
| EPS (Diluted) | -1.60 | -1.61 | 0.14 | -1.18 | 0.40 | -1.48 |
| Free Cash Flow | -209.56M | -183.18M | -174.30M | -12.57M | 94.39M | -89.85M |
| Free Cash Flow Per Share | -1.62 | -1.50 | -1.63 | -0.16 | 1.37 | -1.43 |
| Gross Margin | -280.87% | 4.98% | -119.76% | 38.22% | -151.92% | |
| Operating Margin | -543.79% | -377.11% | -24.78% | -188.39% | 17.33% | -248.23% |
| Profit Margin | -495.27% | -407.01% | 9.77% | -175.29% | 16.03% | -268.49% |
| Free Cash Flow Margin | -502.49% | -379.53% | -111.85% | -23.28% | 54.62% | -258.47% |
| EBITDA | -218.03M | -172.88M | -29.89M | -98.21M | 33.30M | -83.56M |
| EBITDA Margin | -19.18% | -181.89% | 19.27% | -240.37% | ||
| D&A For EBITDA | 8.75M | 9.14M | 8.73M | 3.51M | 3.35M | 2.73M |
| EBIT | -226.78M | -182.02M | -38.62M | -101.72M | 29.95M | -86.29M |
| EBIT Margin | -24.78% | -188.39% | 17.33% | -248.23% | ||
| Effective Tax Rate | 28.71% | 34.10% |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 232.46M | 345.92M | 236.75M | 218.47M | 148.52M | 132.99M |
| Short-Term Investments | 160.89M | 123.42M | 367.70M | 207.42M | 213.69M | 12.12M |
| Cash & Short-Term Investments | 393.35M | 469.34M | 604.45M | 425.89M | 362.20M | 145.12M |
| Accounts Receivable | 5.63M | 6.10M | 5.86M | 4.09M | 1.11M | 682.00K |
| Other Receivables | 1.03M | 782.00K | 888.00K | 1.64M | 1.68M | |
| Receivables | 6.66M | 6.88M | 6.75M | 5.74M | 1.11M | 2.36M |
| Prepaid Expenses | 10.59M | 12.92M | 12.05M | 10.62M | 3.78M | |
| Other Current Assets | 18.59M | 14.87M | 6.31M | 7.12M | 13.84M | 950.00K |
| Total Current Assets | 429.19M | 504.01M | 629.55M | 449.37M | 377.15M | 152.21M |
| Property, Plant & Equipment | 51.70M | 54.90M | 63.71M | 57.05M | 26.49M | 20.49M |
| Other Intangible Assets | 1.56M | 1.58M | 1.63M | 1.52M | 1.63M | 1.31M |
| Other Long-Term Assets | 3.28M | 1.85M | 1.25M | 2.02M | 2.54M | 636.00K |
| Total Assets | 485.74M | 562.34M | 696.15M | 509.96M | 407.82M | 174.65M |
| Accounts Payable | 6.24M | 340.00K | 10.11M | 7.67M | 13.06M | 3.01M |
| Accrued Expenses | 36.46M | 22.52M | 14.17M | 22.38M | 10.98M | |
| Current Portion of Leases | 2.67M | 2.76M | 2.85M | 2.60M | 2.16M | 2.71M |
| Current Income Taxes Payable | 31.00K | 32.00K | 1.76M | 4.30M | ||
| Current Unearned Revenue | 9.57M | 15.82M | 35.91M | 100.40M | 64.96M | 50.40M |
| Other Current Liabilities | 1.99M | 1.55M | 3.19M | 19.21M | 26.28M | 28.04M |
| Total Current Liabilities | 56.95M | 43.01M | 67.99M | 156.55M | 106.45M | 95.15M |
| Long-Term Leases | 11.94M | 12.88M | 13.35M | 12.80M | 12.40M | 7.14M |
| Long-Term Unearned Revenue | 13.63M | 18.54M | 34.16M | 115.53M | 75.76M | 48.23M |
| Long-Term Deferred Tax Liabilities | 3.58M | 3.81M | 5.80M | 7.47M | 9.81M | |
| Other Long-Term Liabilities | 4.00K | 42.00K | 68.00K | |||
| Total Liabilities | 86.11M | 78.24M | 121.30M | 292.35M | 204.47M | 150.58M |
| Common Stock | 1.37M | 1.34M | 1.22M | 847.00K | 767.00K | 629.00K |
| Additional Paid-In Capital | 1.31B | 1.28B | 1.16B | 823.17M | 714.18M | 565.19M |
| Retained Earnings | -906.29M | -785.99M | -589.54M | -604.76M | -510.11M | -537.81M |
| Comprehensive Income & Other | -5.53M | -8.59M | 1.03M | -1.64M | -1.48M | -3.94M |
| Total Common Equity | 399.62M | 484.10M | 574.84M | 217.62M | 203.35M | 24.06M |
| Shareholders' Equity | 399.62M | 484.10M | 574.84M | 217.62M | 203.35M | 24.06M |
| Total Liabilities & Equity | 485.74M | 562.34M | 696.15M | 509.96M | 407.82M | 174.65M |
| Total Debt | 14.61M | 15.63M | 16.20M | 15.40M | 14.56M | 9.85M |
| Net Cash (Debt) | 378.74M | 453.70M | 588.25M | 410.49M | 347.64M | 135.26M |
| Net Cash Per Share | 2.93 | 3.71 | 5.51 | 5.10 | 5.05 | 2.15 |
| Filing Date Shares Outstanding | 136.69M | 134.10M | 121.55M | 102.99M | 76.67M | 62.93M |
| Total Common Shares Outstanding | 136.69M | 134.07M | 121.55M | 84.66M | 76.67M | 62.93M |
| Working Capital | 372.24M | 461.00M | 561.57M | 292.82M | 270.70M | 57.06M |
| Book Value Per Share | 2.92 | 3.61 | 4.73 | 2.57 | 2.65 | 0.38 |
| Tangible Book Value | 398.06M | 482.52M | 573.21M | 216.09M | 201.72M | 22.75M |
| Tangible Book Value Per Share | 2.91 | 3.60 | 4.72 | 2.55 | 2.63 | 0.36 |
| Machinery | 43.11M | 51.03M | 41.20M | 30.10M | 27.76M | |
| Leasehold Improvements | 28.76M | 31.42M | 25.41M | 3.84M |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -206.55M | -196.45M | 15.22M | -94.65M | 27.70M | -93.33M |
| Depreciation & Amortization | 11.98M | 12.37M | 12.15M | 7.23M | 6.97M | 5.26M |
| Other Amortization | 28.00K | 28.00K | 78.00K | |||
| Loss (Gain) From Sale of Assets | 758.00K | 750.00K | 1.00K | -150.00K | ||
| Stock-Based Compensation | 17.52M | 15.02M | 17.64M | 20.70M | 22.57M | 26.40M |
| Other Operating Activities | -6.79M | 35.62M | -52.34M | 498.00K | 5.63M | 8.62M |
| Change in Accounts Receivable | -3.53M | -242.00K | -1.76M | -2.98M | -429.00K | 569.00K |
| Change in Accounts Payable | -12.21M | -37.62M | -149.74M | 86.00M | 45.56M | -31.78M |
| Change in Other Net Operating Assets | -7.09M | -6.11M | 727.00K | 1.57M | -7.87M | -483.00K |
| Operating Cash Flow | -205.87M | -176.63M | -158.03M | 18.23M | 100.13M | -84.75M |
| Capital Expenditures | -3.69M | -6.56M | -16.27M | -30.80M | -5.74M | -5.11M |
| Sale of Property, Plant & Equipment | -20.00K | 2.00K | 150.00K | 52.00K | ||
| Sale (Purchase) of Intangibles | -57.00K | -247.00K | -208.00K | -158.00K | -477.00K | -551.00K |
| Investment in Securities | 61.26M | 211.59M | -135.91M | -581.00K | -203.63M | 13.15M |
| Investing Cash Flow | 57.49M | 204.79M | -152.39M | -31.39M | -209.79M | 7.49M |
| Long-Term Debt Repaid | -2.96M | -2.01M | -3.85M | -2.84M | -2.71M | |
| Lease Payments | -2.97M | -2.96M | -2.01M | -3.85M | -2.84M | -2.71M |
| Net Debt Issued (Repaid) | -2.97M | -2.96M | -2.01M | -3.85M | -2.84M | -2.71M |
| Issuance of Common Stock | 129.63M | 107.31M | 343.01M | 90.40M | 134.48M | 94.00K |
| Other Financing Activities | -7.54M | -7.00M | -21.31M | -2.04M | -7.93M | |
| Financing Cash Flow | 119.12M | 97.35M | 319.68M | 84.52M | 123.71M | -2.61M |
| Foreign Exchange Rate Adjustments | 5.08M | -16.34M | 9.01M | -1.40M | 1.48M | 5.33M |
| Net Cash Flow | -24.18M | 109.17M | 18.28M | 69.95M | 15.53M | -74.54M |
| Free Cash Flow | -209.56M | -183.18M | -174.30M | -12.57M | 94.39M | -89.85M |
| Free Cash Flow Margin | -502.49% | -379.53% | -111.85% | -23.28% | 54.62% | -258.47% |
| Free Cash Flow Per Share | -1.62 | -1.50 | -1.63 | -0.16 | 1.37 | -1.43 |
| Levered Free Cash Flow | -126.54M | -128.19M | -101.74M | -25.99M | 45.39M | -11.52M |
| Unlevered Free Cash Flow | -126.00M | -127.60M | -101.19M | -25.47M | 46.04M | -11.16M |
| Free Cash Flow After Leases | -212.53M | -186.14M | -176.31M | -16.42M | 91.55M | -92.56M |
| Cash Interest Paid | 868.00K | 946.00K | 886.00K | 290.00K | 695.00K | 566.00K |
| Cash Income Tax Paid | 1.13M | 4.43M | 13.10M | 2.96M | 224.00K | |
| Change in Working Capital | -22.82M | -43.97M | -150.78M | 84.59M | 37.26M | -31.70M |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 977.33M | 1.41B | 848.62M | 891.43M | 663.94M | 845.50M |
| Enterprise Value | 544.63M | 921.39M | 319.40M | 521.45M | 376.57M | 652.85M |
| Last Close Price | 7.20 | 10.50 | 7.11 | 10.53 | 8.71 | 13.44 |
| PE Ratio | 53.86 | 22.43 | ||||
| Forward PE | 223.37 | 223.37 | 223.37 | 223.37 | ||
| PS Ratio | 20.37 | 24.84 | 5.26 | 14.94 | 3.60 | 21.39 |
| PB Ratio | 2.16 | 2.48 | 1.43 | 3.71 | 3.06 | 30.90 |
| P/TBV Ratio | 2.13 | 2.48 | 1.43 | 3.73 | 3.08 | 32.68 |
| P/FCF Ratio | 6.58 | |||||
| P/OCF Ratio | 44.24 | 6.20 | ||||
| EV/Sales Ratio | 11.29 | 16.26 | 1.98 | 8.74 | 2.04 | 16.51 |
| EV/EBITDA Ratio | 10.58 | |||||
| EV/EBIT Ratio | 11.76 | |||||
| EV/FCF Ratio | 3.73 | |||||
| Debt / Equity Ratio | 0.04 | 0.03 | 0.03 | 0.07 | 0.07 | 0.41 |
| Debt / EBITDA Ratio | 0.39 | |||||
| Debt / FCF Ratio | 0.15 | |||||
| Net Debt / Equity Ratio | -0.95 | -0.94 | -1.02 | -1.89 | -1.71 | -5.62 |
| Net Debt / EBITDA Ratio | 1.74 | 2.62 | 19.68 | 4.18 | -10.44 | 1.62 |
| Net Debt / FCF Ratio | 1.81 | 2.48 | 3.38 | 32.65 | -3.68 | 1.50 |
| Asset Turnover | 0.08 | 0.08 | 0.26 | 0.12 | 0.59 | 0.16 |
| Quick Ratio | 7.02 | 11.07 | 8.99 | 2.76 | 3.41 | 1.55 |
| Current Ratio | 7.54 | 11.72 | 9.26 | 2.87 | 3.54 | 1.60 |
| Return on Equity (ROE) | -47.80% | -37.10% | 3.84% | -44.97% | 24.36% | -167.49% |
| Return on Assets (ROA) | -26.92% | -18.08% | -4.00% | -13.86% | 6.43% | -25.13% |
| Return on Invested Capital (ROIC) | -1,086.06% | -598.80% | ||||
| Return on Capital Employed (ROCE) | -52.90% | -35.00% | -6.10% | -28.80% | 9.90% | -108.50% |
| Earnings Yield | -25.57% | -16.38% | 1.86% | -11.74% | 4.46% | -12.55% |
| FCF Yield | -24.19% | -15.28% | -21.27% | -1.56% | 15.19% | -12.09% |
| Buyback Yield / Dilution | -11.50% | -14.56% | -32.59% | -17.03% | -9.40% | -31.06% |