Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Immatics N.V. files with the SEC in its annual reports.
In EUR millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2018
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Research and development
34
40.1
67.1
87.6
107
119
148
184
Operating income
-34.4
-33
-69.7
-86.3
30
-102
-38.6
-182
Interest expense
0.16
0.26
10.1
-1.73
8.28
7.04
1.32
36.7
Interest income
2.22
0.79
2.95
5.68
9.42
13.9
44
18.5
Pre-tax income
-32.4
-32.5
-212
-93.3
42
-97
21.3
-198
Income tax
0
0
0
0
14.3
-2.35
6.13
-1.99
Net income to minority interests
-0.91
-0.92
-0.56
0
0
Net income
-31.4
-31.6
-211
-93.3
27.7
-94.6
15.2
-196
EPS, basic
-0.69
-0.69
-3.20
-1.08
0.41
-1.18
0.14
-1.61
EPS, diluted
-0.69
-0.69
-3.20
-1.08
0.40
-1.18
0.14
-1.61
Balance sheet
FY2018
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
39.4
103
208
133
149
218
237
346
Total current assets
124
239
152
377
449
630
504
Property, plant and equipment
4.72
7.87
10.5
13.5
43.7
50.4
42.1
Lease right-of-use assets
3.29
6.15
9.98
13
13.3
13.3
12.8
Intangible assets
1.01
0.91
1.32
1.63
1.52
1.63
1.58
Total assets
134
255
175
408
510
696
562
Total current liabilities
69.3
77.5
95.1
106
157
68
43
Lease liabilities
1.82
4.31
7.14
12.4
12.8
13.4
12.9
Total liabilities
175
167
151
204
292
121
78.2
Paid-in capital
191
539
565
714
823
1,162
1,277
Retained earnings
-233
-444
-538
-510
-605
-590
-786
Shareholders' equity
-41.9
87.4
203
218
Minority interests
1.2
1
0
Total equity
-9.17
-40.8
87.4
24.1
203
218
575
484
Total liabilities and equity
134
255
175
408
510
696
562
Cash flow statement
FY2018
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-32.4
-32.5
-212
-93.3
27.7
-94.6
15.2
-196
Cash from operations
20.7
71
-80.7
-84.7
100
18.2
-158
-177
Capital expenditures
-0.43
-2.14
-7.42
-5.11
-5.74
-30.8
-16.3
-6.56
Cash from investing
-13.5
-5.06
-15.9
7.49
-210
-31.4
-152
205
Stock issued
23.6
218
0.09
134
90.4
343
107
Cash from financing
23.6
-1.86
208
-2.61
124
84.5
320
97.4
Exchange rate effect
0.13
-0.06
-2.15
2.37
Free cash flow
20.3
68.8
-88.1
-89.9
94.4
-12.6
-174
-183
Interest paid
0.02
0.17
0.29
0.57
0.7
0.29
0.89
0.95
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-31.2%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
-1,391.0%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-1,250.0%
EPS vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-19.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
11.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
17.2%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
11.7x
Current assets / current liabilities.
Quick ratio
8.04x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
8.04x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
13.9%
Total liabilities / total assets.
Interest coverage
-4.96x
Operating income / interest expense.
Working capital
€461.0M
Current assets - current liabilities.
Goodwill and intangibles / assets
0.3%
(Goodwill + intangible assets) / total assets.
Per share
Metric
Value
How it is calculated
EPS, diluted
-€1.61
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-€1.61
Net income per basic share, as reported (split-adjusted).
Was Immatics N.V. profitable in fiscal 2025?
No. It reported a net loss of €196.4M.
How much free cash flow did Immatics N.V. generate in fiscal 2025?
Cash from operations of €176.6M minus capital expenditures of €6.6M left free cash flow of -€183.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.