|IMNM Overview
IMNM

Immunome Inc.

Healthcare • CIK: 0001472012

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Market Cap
$928.31M
P/E (TTM)
-4.0x
Rev Growth (TTM)
-4.4%
Net Margin (TTM)
-2301.3%
FCF Yield (TTM)
-20.7%
FCF Margin (TTM)
-1982.0%

LATEST EARNINGS

FY 2025
2 days ago
View source
Revenue
N/A
Net Income
N/A
EPS
N/A
  • Positive topline results from the global pivotal Phase 3 RINGSIDE trial of varegacestat in patients with progressing desmoid tumors, meeting primary and key secondary endpoints.
  • Planned New Drug Application submission for varegacestat in the second quarter of 2026.
  • Underwritten public offering in December 2025 raised $460.5 million in gross proceeds, extending projected cash runway into 2028.
  • Three IND submissions for solid tumor-targeted ADC programs planned in 2026.

Cash Flow Health

Free Cash Flow0/8 positive
TTM$-192M
Q3 '25
$-42M+17%
Q2 '25
$-50M+11%
FCF Margin
TTM-1982.0%
Sector: 0.0%Below Avg
OCF Margin-1911.6%
OCF/NI0.83x
CapEx Coverage-27.2x
FCF Yield-20.7%
FCF Growth (2Y)
Cash Conversion Cycle
0 days
DSO: 0+DIO: DPO:

Capital Allocation & Returns

Total Shareholder Yield
TTM0.0%
Div Yield0.0%

Insufficient data

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$-191.8M
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
-94.0%
Volatile
+0.4% YoY+111.2%
P25MedianP75
25th pctl (med: 0.0%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
-2419.9%
Asset Turnover
0.03x
8Q: 0.04x
Leverage (1+D/E)
1.00x
D/E: 0.00x
DuPont: -81.0%-94.0% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
0.93x
8Q:1.38x
-564.9%
Invested Cap Turn
0.04x
8Q:0.05x
-7.2%
CapEx Intensity
2.7%
8Q:2.5%
CapEx/Depreciation
2.94x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Revenue
$9.7M
$0100.0%
$4.0M37.2%
$2.9M6.9%
$2.7M5.9%
$2.9M23.1%
$2.4M129.7%
$1.0M73.1%
$3.8M
Operating Income
$-234.2M
$-60.1M29.4%
$-46.5M4.1%
$-44.6M
$0100.0%
$-83.0M
$0100.0%
$-50.5M26.3%
$-40.0M
Net Income
$-222.7M
$-57.5M32.4%
$-43.4M4.2%
$-41.6M48.1%
$-80.2M70.4%
$-47.1M30.4%
$-36.1M72.1%
$-129.5M39.8%
$-92.6M
Operating Cash Flow
$-185.0M
$-40.5M18.0%
$-49.4M6.9%
$-53.1M26.1%
$-42.1M23.1%
$-34.2M46.0%
$-23.4M109.5%
$-11.2M36.0%
$-17.5M
Free Cash Flow
$-191.8M
$-41.6M17.3%
$-50.3M11.3%
$-56.7M31.3%
$-43.2M20.9%
$-35.7M38.7%
$-25.7M93.0%
$-13.3M25.1%
$-17.8M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
-4.0x
Volatile
8Q: -15.5x-1001%
Valuation Lenses
Earnings
-4.0x
vs sector
Cash Flow
-2.6x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
P/E per %ROIC
ROIC: -94.0%
Shareholder Returns
Dividend
Buyback
Total Yield
Market Cap$928.31M
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
-158/100
Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Below Avg
-89.4%
8Q:
Return on Invested Capital (ROIC)Below Avg
-94.0%
8Q:
+111.2%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: -2419.9%
Asset Turnover: 0.03x

Earnings Quality

Cash Conversion

0.83x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover0.04x

Working Capital

Cash Conversion Cycle0 days

Growth Quality & Momentum

Low Quality
Growth Quality Score
46/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
-4.4%
OpInc Growth YoY
27.5%
EPS Growth YoY
63.6%
FCF 3Y CAGR
N/A

Growth Quality Analysis

Sustainability Index: 3.0/10 - Growth sustainability concerns

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
Operating
-2419.9%
Top 25% in sector
Net
-2301.3%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+319.3 pts
FCF: -1982.0% | Net: -2301.3%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $272.85M
Interest Coverage
+Net cash position: $272.85M
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis