IN8BIO, INC. (INAB) Earnings History

IN8BIO, INC. - Q3 2025 EarningsBeat

Filed at: Nov 5, 2025, 7:00 PM EST|Read from source

EXECUTIVE SUMMARY

IN8bio reported improved financial results for Q3 2025, with a reduced net loss and lower operating expenses compared to the prior year. The company also highlighted advancements in its preclinical and clinical pipeline, including new data for INB-619 and expansion of the INB-100 trial.

POSITIVE HIGHLIGHTS

  • •

    Net loss decreased to $3.9 million in Q3 2025 from $7.1 million in Q3 2024.

    positive
  • •

    Net loss per share improved to ($0.85) in Q3 2025 from ($4.49) in Q3 2024.

    positive
  • •

    Research and Development expenses decreased to $2.1 million in Q3 2025 from $3.3 million in Q3 2024.

    positive
  • •

    General and administrative expenses decreased to $1.9 million in Q3 2025 from $2.7 million in Q3 2024.

    positive
  • •

    Presented compelling preclinical data on INB-619 demonstrating equivalent potency to FDA-approved commercial products with minimal adverse cytokine release.

    positive
  • •

    Expanded Phase 1 INB-100 trial to The Ohio State University to accelerate patient enrollment.

    positive

CONCERNS & RISKS

  • •

    The company reported a net loss of $3.9 million for the three months ended September 30, 2025.

    negative
  • •

    Total operating expenses were $4.0 million for Q3 2025, a decrease from $7.1 million in Q3 2024, but still represent significant ongoing costs.

    attention
  • •

    The company's accumulated deficit stands at $136.2 million as of September 30, 2025.

    negative
  • •

    Cash balance of $10.7 million as of September 30, 2025, may require additional capital raises to fund ongoing operations and development.

    attention

FINANCIAL METRICS

Revenue
Quarterly
N/A
N/A
Net Income
Quarterly
$-3.85M
+45.6%
Prior year: $-7.09M
Annual (YTD)
$-14.50M
N/A
Prior year: $-24.28M
EPS (Diluted)
Quarterly
$-0.85
+81.1%
Prior year: $-4.49
Operating Income
Quarterly
$-3.85M
+45.6%
Prior year: $-7.09M
Annual (YTD)
$-14.50M
N/A
Prior year: $-24.28M
EPS (Basic)
Quarterly
$-0.85
+81.1%
Prior year: $-4.49

MARGIN ANALYSIS

Margin metrics will be available once backend extracts data from insights_json

SPECIAL ITEMS & ADJUSTMENTS

Q3 2025
Severance and related charges
No severance and related charges reported for Q3 2025.
+$0M
Q3 2024
Severance and related charges
Severance and related charges of $1.068 million were reported in Q3 2024.
+$1.068M
Total Impact
+$1.068M

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

Our focus on the novel biology of γδ T cells underscores our advancements along with the strength and versatility of our DeltEx™ platform.

— IN8BIO, INC., Q3 2025 2025 Earnings Call

This quarter, we expanded our INB-100 clinical operations to additional sites to accelerate enrollment, and we reported compelling preclinical data at the 2025 ACR Convergence Meeting.

— IN8BIO, INC., Q3 2025 2025 Earnings Call

Our INB-619 program is a novel and differentiated program in a sea of CD3-based TCE’s that have yet to achieve immune reset in the autoimmune disease setting.

— IN8BIO, INC., Q3 2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Weighted Average Shares Diluted
4.5M
+187.4% YoY
Prior year: 1.6M
shares

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.