Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data IMMUNIC, INC. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Research and development
30
39.3
9.6
22.5
38.6
61.1
71.3
83.2
80
82
General and administrative
11.2
13.3
2.4
14.5
10.3
13.3
15.3
16
18
21.2
Operating expenses
41.3
52.7
12
37
49
91.7
119
99.2
98.1
103
Operating income
-41.3
-52.7
-12
-37
-49
-91.7
-119
-99.2
-98.1
-103
Interest income
0.28
0.65
0.52
0.11
0.06
0.07
1.04
3.08
3.39
1.04
Other non-operating income
0.3
0.58
0.46
2.1
4.95
-1.28
-0.92
5.61
-2.46
6.06
Pre-tax income
-41
-52.1
-41.5
Income tax
0
Net income
-41
-52.1
-11.5
-34.9
-44
-92.9
-120
-93.6
-101
-97.2
EBITDA
-39.5
-51.7
-12
-37
-48.9
-91.6
-119
-99.1
-97.9
-103
EPS, basic
-10.29
-10.29
-13.63
-4.52
-2.81
-3.93
-3.78
-2.11
-1.00
-0.62
EPS, diluted
-10.29
-10.29
-13.63
-4.52
-2.81
-3.93
-3.78
-2.11
-1.00
-0.62
Shares, basic (weighted)
4
5.08
0.85
7.72
15.7
23.7
31.8
44.3
100
156
Shares, diluted (weighted)
4
5.08
0.85
7.72
15.7
23.7
31.8
44.3
100
156
Dividend per share
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
60
56.9
13.1
29.4
127
86.9
107
46.7
35.7
15.5
Other current assets
1.47
1.22
0.07
0.8
1.23
1.12
1.23
1.07
1.11
0.83
Total current assets
61.5
58.1
13.3
32.2
134
105
126
52.5
39.3
22.9
Property, plant and equipment
2.51
2.16
0.04
0.08
0.2
0.15
0.29
0.47
0.55
0.61
Lease right-of-use assets
0.63
0.9
0.95
1.55
1.3
0.99
0.58
Goodwill
0
33
33
33
0
Other non-current assets
0.06
0.11
0
0.04
0.04
0.04
0.04
0
Total assets
64
60.4
13.4
66
168
139
128
54.3
40.9
24.1
Accounts payable
0.78
1.05
1.4
2.42
3.7
3.75
4.28
5.1
7.85
10.1
Accrued liabilities
4.66
9.14
0.42
3.3
4.32
7.07
7.99
18.7
12.9
18.6
Total current liabilities
5.48
10.3
1.92
7.07
8.4
11.4
13.1
24.7
22.2
30.6
Lease liabilities
0.06
0.04
0.52
0.68
0.58
0.99
0.64
0.26
0.11
Other non-current liabilities
0.1
0
Total liabilities
5.58
73.7
1.92
7.59
9.08
12
14.1
25.4
22.4
30.7
Paid-in capital
302
346
0.06
120
267
324
428
436
526
599
Retained earnings
-244
-296
-25
-59.9
-104
-197
-317
-411
-511
-609
Other comprehensive income
0.08
0.08
-0.82
-1.37
-4.11
-0.25
3.04
3.76
4.21
2.65
Shareholders' equity
58.4
-13.3
-25.7
58.4
159
127
114
28.9
18.4
-6.67
Total equity
58.4
-13.3
-25.7
58.4
159
127
114
28.9
18.4
-6.67
Total liabilities and equity
64
60.4
13.4
66
168
139
128
54.3
40.9
24.1
Shares outstanding
4.09
5.4
0.85
10.7
21.2
26.3
39.3
45.2
90.2
12
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-41
-52.1
-11.5
-34.9
-44
-92.9
-120
-93.6
-101
-97.2
Depreciation and amortization
1.81
1
0.02
0.05
0.04
0.09
0.08
0.11
0.13
0.17
Stock-based compensation
4.68
5.48
0
6.51
2.75
5.95
7.93
7.1
8.53
8.86
Deferred income tax
0
0
0
0
0
0
0
Change in payables
-0.46
0.29
1.2
-0.46
1
0.18
0.8
0.82
3.15
1.24
Cash from operations
-35.8
-40.4
-9.74
-28.5
-46.1
-83.2
-65.1
-70.8
-84.8
-85.8
Capital expenditures
-0.56
-0.69
-0.03
-0.06
-0.15
-0.07
-0.11
-0.33
-0.26
-0.16
Cash from investing
-0.02
-0.68
-0.03
10.5
-0.15
-0.07
-9.74
9.46
-0.26
-0.16
Stock issued
12.4
38
19.3
0
0
0.01
0.85
0.19
0
Cash from financing
12.4
38
19.3
34.9
144
42.8
95.8
1.03
74.5
65.6
Exchange rate effect
-0.92
-0.59
-0.08
-0.13
-0.99
0.26
-0.52
0.21
Net change in cash
-23.4
-3.09
8.57
16.3
98.1
-40.6
19.9
-60.1
-11
-20.2
Free cash flow
-36.3
-41.1
-9.77
-28.6
-46.3
-83.3
-65.3
-71.2
-85
-86
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $9.35 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-87.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-70.1%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
-136.2%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-41.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-42.7%
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
-32.2%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
55.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
69.8%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
58.3%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
5.05x
Current assets / current liabilities.
Quick ratio
4.96x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
4.96x
(Cash + short-term investments) / current liabilities.
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.
FCF per share
-$2.07
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$2.06
Cash from operations / diluted weighted shares.
Book value per share
$9.35
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
1.00x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.00x
Market cap / tangible book value, when positive.
FCF yield
-69.1%
Free cash flow / market cap.
Earnings yield
-87.5%
Net income / market cap (the inverse of P/E).
Was IMMUNIC, INC. profitable in fiscal 2025?
No. It reported a net loss of $97.2M.
How much free cash flow did IMMUNIC, INC. generate in fiscal 2025?
Cash from operations of $85.8M minus capital expenditures of $161.0K left free cash flow of -$86.0M.
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.