$IMTX

Immatics N.V.

CIK:0001809196|SEC Filings

Consolidated Statement of Profit and Loss of Immatics N.V. - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Revenue from collaboration agreements	€ 48,266	€ 155,835	€ 53,997
Research and development expenses	(183,832)	(148,079)	(118,663)
General and administrative expenses	(51,184)	(46,449)	(38,198)
Other income	4,734	78	1,139
Operating result	(182,016)	(38,615)	(101,725)
Change in fair value of liabilities for warrants	1,730	17,264	(2,079)
Other financial income	18,516	44,018	13,850
Other financial expenses	(36,666)	(1,321)	(7,040)
Financial result	(16,420)	59,961	4,731
Profit/(loss) before taxes	(198,436)	21,346	(96,994)
Taxes on income	1,989	(6,128)	2,345
Net profit/(loss)	€ (196,447)	€ 15,218	€ (94,649)
Net profit/(loss) per share:
Basic	€ (1.61)	€ 0.14	€ (1.18)
Diluted	€ (1.61)	€ 0.14	€ (1.18)

Consolidated Statement of Cash Flows of Immatics N.V. - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Net profit/(loss)	€ (196,447)	€ 15,218	€ (94,649)
Taxes on income	(1,989)	6,128	(2,345)
Profit/(loss) before tax	(198,436)	21,346	(96,994)
Adjustments for:
Interest income	(17,179)	(25,001)	(13,845)
Depreciation and amortization	12,400	12,225	7,234
Interest expenses	946	886	831
Equity settled share-based payment	15,015	17,642	20,705
Net foreign exchange differences and expected credit losses	34,132	(18,706)	6,861
Change in fair value of liabilities for warrants	(1,730)	(17,264)	2,079
(Gains)/losses from disposal of fixed assets	750	1	(150)
Changes in:
(Increase)/decrease in accounts receivables	(242)	(1,764)	(2,982)
(Increase)/decrease in other assets	(6,108)	727	1,573
Increase/(decrease) in deferred revenue, accounts payables and other liabilities	(37,615)	(149,743)	85,999
Interest received	26,817	15,605	10,167
Interest paid	(946)	(886)	(290)
Income tax paid	(9,163)	(13,098)	(2,960)
Income tax refunded	4,733
Net cash provided by/(used in) operating activities	(176,626)	(158,030)	18,228
Cash flows from investing activities
Payments for property, plant and equipment	(6,558)	(16,272)	(30,799)
Payments for intangible assets	(247)	(208)	(158)
Proceeds from disposal of property, plant and equipment		2	150
Payments for investments classified in Other financial assets	(338,267)	(450,349)	(415,325)
Proceeds from maturity of investments classified in Other financial assets	549,859	314,440	414,744
Net cash (used in)/provided by investing activities	204,787	(152,387)	(31,388)
Cash flows from financing activities
Proceeds from issuance of shares to equity holders	107,310	343,010	90,404
Transaction costs deducted from equity	(6,998)	(21,314)	(2,039)
Repayment of lease liabilities	(2,959)	(2,012)	(3,849)
Net cash provided by/(used in) financing activities	97,353	319,684	84,516
Net increase/(decrease) in cash and cash equivalents	125,514	9,267	71,356
Cash and cash equivalents at beginning of the year	236,748	218,472	148,519
Effects of exchange rate changes and expected credit losses on cash and cash equivalents	(16,344)	9,009	(1,403)
Cash and cash equivalents at end of the year	€ 345,918	€ 236,748	€ 218,472

Consolidated Statement of Financial Position of Immatics N.V. - EUR (€) € in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	€ 345,918	€ 236,748
Other financial assets	123,419	367,704
Accounts receivables	6,099	5,857
Other current assets	28,572	19,246
Total current assets	504,008	629,555
Non-current assets
Property, plant and equipment	42,111	50,380
Intangible assets	1,582	1,629
Right-of-use assets	12,786	13,332
Other non-current assets	1,850	1,250
Total non-current assets	58,329	66,591
Total assets	562,337	696,146
Current liabilities
Accounts payables	18,832	20,693
Deferred revenue	15,816	35,908
Liabilities for warrants	0	1,730
Lease liabilities	2,757	2,851
Other current liabilities	5,607	6,805
Total current liabilities	43,012	67,987
Non-current liabilities
Deferred revenue	18,541	34,161
Lease liabilities	12,878	13,352
Deferred tax liability	3,807	5,804
Total non-current liabilities	35,226	53,317
Shareholders' equity
Share capital	1,341	1,216
Share premium	1,277,338	1,162,136
Accumulated deficit	(785,988)	(589,541)
Other reserves	(8,592)	1,031
Total shareholders' equity	484,099	574,842
Total liabilities and shareholders' equity	€ 562,337	€ 696,146