InflaRx N.V. (IFRX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
InflaRx N.V. (IFRX) stock price & volume — 10-year historical chart
InflaRx N.V. (IFRX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
InflaRx N.V. (IFRX) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 19, 2026 | $0.17vs $0.18+5.6% | $17,618vs $27,307-164.5% |
| Q4 2025 | Nov 10, 2025 | $0.16vs $0.16+0.0% | $27,910vs $26,170+6.7% |
| Q3 2025 | Aug 7, 2025 | $0.24vs $0.24+0.0% | $46,428vs $26,000+78.6% |
| Q2 2025 | May 7, 2025 | $0.14vs $0.18+22.2% | —vs $19,380 |
InflaRx N.V. (IFRX) competitors in Immunology and Inflammation Therapies — business model, growth, and fundamentals comparison
InflaRx N.V. (IFRX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
InflaRx N.V. (IFRX) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 231K | 0 | 0 | 0 | 0 | 0 | 63.09K | 165.79K | 28.17K |
| Revenue Growth % | - | -100% | - | - | - | - | - | 162.79% | -83.01% |
| Cost of Goods Sold | 66.69K | 179.57K | 742.25K | 812.47K | 791.26K | 627.01K | 532.26K | 3.32M | 7.38M |
| COGS % of Revenue | 28.87% | - | - | - | - | - | 843.67% | 2000.76% | 26208.47% |
| Gross Profit | 164.31K▲ 0% | -179.57K▼ 209.3% | -742.25K▼ 313.3% | -812.47K▼ 9.5% | -791.26K▲ 2.6% | -627.01K▲ 20.8% | -469.17K▲ 25.2% | -3.15M▼ 571.7% | -7.36M▼ 133.4% |
| Gross Margin % | 71.13% | - | - | - | - | - | -743.67% | -1900.76% | -26108.47% |
| Gross Profit Growth % | 560.79% | -209.29% | -313.35% | -9.46% | 2.61% | 20.76% | 25.17% | -571.66% | -133.42% |
| Operating Expenses | 19.45M | 37.52M | 63.15M | 38.12M | 55.57M | 54.44M | 44.44M | 49.86M | 41.55M |
| OpEx % of Revenue | 8418.18% | - | - | - | - | - | 70438.46% | 30072.93% | 147485.56% |
| Selling, General & Admin | 5.14M | 12.79M | 13.43M | 9.02M | 13.51M | 15.07M | 16.12M | 19.33M | 16.85M |
| SG&A % of Revenue | 2224.24% | - | - | - | - | - | 25554.61% | 11656.71% | 59792.89% |
| Research & Development | 14.41M | 25.03M | 49.72M | 29.1M | 42.05M | 39.37M | 41.02M | 35.36M | 24.71M |
| R&D % of Revenue | 6240.26% | - | - | - | - | - | 65025.81% | 21330.67% | 87692.67% |
| Other Operating Expenses | -107K | -299K | 0 | 0 | 0 | 0 | -12.71M | -4.83M | 0 |
| Operating Income | -19.45M▲ 0% | -37.52M▼ 92.9% | -63.89M▼ 70.3% | -38.93M▲ 39.1% | -56.36M▼ 44.8% | -55.07M▲ 2.3% | -44.91M▲ 18.4% | -53.01M▼ 18.0% | -48.91M▲ 7.7% |
| Operating Margin % | -8417.75% | - | - | - | - | - | -71182.13% | -31973.69% | -173594.03% |
| Operating Income Growth % | -182.18% | -92.93% | -70.3% | 39.06% | -44.77% | 2.3% | 18.45% | -18.04% | 7.74% |
| EBITDA | -19.38M | -37.34M | -63.15M | -38.12M | -55.57M | -54.44M | -44.34M | -52.52M | -48.5M |
| EBITDA Margin % | -8388.88% | - | - | - | - | - | -70282.17% | -31681.08% | -172163.84% |
| EBITDA Growth % | -182.67% | -92.67% | -69.13% | 39.64% | -45.78% | 2.03% | 18.55% | -18.46% | 7.65% |
| D&A (Non-Cash Add-back) | 66.69K | 179.57K | 742.25K | 812.47K | 791.26K | 627.01K | 567.78K | 485.11K | 402.93K |
| EBIT | -22.01M | 0 | -59.58M | -38.71M | -53.9M | -30.94M | -42.63M | -46.04M | -48.91M |
| Net Interest Income | -2.1M | 0 | 2.82M | 861.7K | 84.62K | 563.43K | 3.77M | 3.18M | 1.73M |
| Interest Income | 130K | 2.18M | 2.84M | 887.7K | 109.39K | 608.68K | 3.8M | 3.2M | 1.77M |
| Interest Expense | 2.23M | 0 | 22.2K | 26K | 24.77K | 45.25K | 35.63K | 20.66K | 37.69K |
| Other Income/Expense | -4.79M | 7.7M | 4.28M | 191.21K | 2.43M | 24.08M | 2.24M | 6.95M | 5.06M |
| Pretax Income | -24.24M▲ 0% | -29.81M▼ 23.0% | -59.61M▼ 99.9% | -38.74M▲ 35.0% | -53.93M▼ 39.2% | -30.99M▲ 42.5% | -42.67M▼ 37.7% | -46.06M▼ 7.9% | -43.84M▲ 4.8% |
| Pretax Margin % | -10492.64% | - | - | - | - | - | -67630.69% | -27781.81% | -155626.07% |
| Income Tax | 0 | 7.7M | 0 | 0 | 0 | 0 | 0 | 5.22K | -11.8K |
| Effective Tax Rate % | 0% | -25.83% | 0% | 0% | 0% | 0% | 0% | -0.01% | 0.03% |
| Net Income | -24.24M▲ 0% | -29.82M▼ 23.0% | -59.61M▼ 99.9% | -38.74M▲ 35.0% | -53.93M▼ 39.2% | -30.99M▲ 42.5% | -42.67M▼ 37.7% | -46.06M▼ 8.0% | -43.83M▲ 4.8% |
| Net Margin % | -10492.64% | - | - | - | - | - | -67630.69% | -27784.96% | -155584.2% |
| Net Income Growth % | -171.15% | -23.01% | -99.92% | 35.01% | -39.22% | 42.55% | -37.69% | -7.96% | 4.84% |
| Net Income (Continuing) | -24.24M | -29.82M | -59.61M | -38.74M | -53.93M | -30.99M | -42.67M | -46.06M | -43.83M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.03▲ 0% | -1.19▼ 15.5% | -1.91▼ 60.5% | -1.26▲ 34.0% | -1.10▲ 12.7% | -0.61▲ 44.5% | -0.78▼ 27.9% | -0.78▲ 0.0% | -0.66▲ 15.4% |
| EPS Growth % | -171.05% | -15.53% | -60.5% | 34.03% | 12.7% | 44.55% | -27.87% | 0% | 15.38% |
| EPS (Basic) | -1.03 | -1.19 | -1.91 | -1.26 | -1.10 | -0.61 | -0.78 | -0.78 | -0.66 |
| Diluted Shares Outstanding | 23.61M | 25.1M | 26M | 27.06M | 41.63M | 44.21M | 54.94M | 58.92M | 67.29M |
| Basic Shares Outstanding | 23.61M | 25.09M | 26M | 27.06M | 41.63M | 44.21M | 54.94M | 58.92M | 67.29M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
InflaRx N.V. (IFRX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 123.98M | 158.16M | 118.99M | 86.28M | 95.68M | 97.41M | 109.47M | 71.66M | 53.61M |
| Cash & Short-Term Investments | 123.28M | 156.57M | 115.49M | 81.13M | 83.41M | 81.81M | 12.77M | 18.38M | 46.44M |
| Cash Only | 123.28M | 55.39M | 33.13M | 25.97M | 26.25M | 16.27M | 12.77M | 18.38M | 16.02M |
| Short-Term Investments | 0 | 101.18M | 82.35M | 55.16M | 57.16M | 65.54M | 0 | 0 | 30.42M |
| Accounts Receivable | 120K | 0 | 0 | 0 | 1.28M | 1.43M | 0 | 0 | 1.43M |
| Days Sales Outstanding | 189.61 | - | - | - | - | - | - | - | 18.5K |
| Inventory | 504K | 0 | 0 | 0 | 0 | 0 | 11.37M | 6.9M | 0 |
| Days Inventory Outstanding | 2.76K | - | - | - | - | - | 7.8K | 759 | - |
| Other Current Assets | 73K | 541.42K | 1.33M | 3.86M | 0 | 2.55M | 85.06M | 46.03M | 5.75M |
| Total Non-Current Assets | 234K | 1.05M | 2.59M | 1.93M | 29.46M | 4.99M | 10.74M | 4.36M | 1.58M |
| Property, Plant & Equipment | 173K | 625K | 1.41M | 954.96K | 1.68M | 1.64M | 1.36M | 1.01M | 1.15M |
| Fixed Asset Turnover | 1.34x | - | - | - | - | - | 0.05x | 0.16x | 0.02x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 41K | 223K | 452.4K | 350.18K | 235.22K | 138.91K | 42.84K | 7.26K | 42.24K |
| Long-Term Investments | 20K | 207K | 272.61K | 272.27K | 27.21M | 2.9M | 9.05M | 3.09M | 237.27K |
| Other Non-Current Assets | 193K | 0 | 452.22K | 353.52K | 336.57K | 308.07K | 283.25K | 247.75K | 151.13K |
| Total Assets | 124.21M▲ 0% | 159.21M▲ 28.2% | 121.58M▼ 23.6% | 88.22M▼ 27.4% | 125.14M▲ 41.9% | 102.4M▼ 18.2% | 120.21M▲ 17.4% | 76.02M▼ 36.8% | 55.19M▼ 27.4% |
| Asset Turnover | 0.00x | - | - | - | - | - | 0.00x | 0.00x | 0.00x |
| Asset Growth % | 320.8% | 28.18% | -23.64% | -27.44% | 41.86% | -18.17% | 17.39% | -36.76% | -27.4% |
| Total Current Liabilities | 4.77M | 7.76M | 14.06M | 10.1M | 18.76M | 13.03M | 16.84M | 14.17M | 12.98M |
| Accounts Payable | 4.47M | 6.66M | 12.41M | 1.74M | 1.69M | 4.99M | 5.1M | 3.41M | 5.4M |
| Days Payables Outstanding | 24.46K | 13.53K | 6.1K | 782.25 | 777.29 | 2.9K | 3.5K | 375.57 | 266.79 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 256.83K |
| Deferred Revenue (Current) | 15K | 0 | 0 | 0 | 8.3M | 6.21M | 0 | 0 | 0 |
| Other Current Liabilities | 298K | 1.1M | 1.13M | 132.73K | 1.52M | -1.96M | 2.89M | 301.54K | 6.16M |
| Current Ratio | 26.01x | 20.39x | 8.46x | 8.54x | 5.10x | 7.48x | 6.50x | 5.06x | 4.13x |
| Quick Ratio | 25.90x | 20.39x | 8.46x | 8.54x | 5.10x | 7.48x | 5.82x | 4.57x | 4.13x |
| Cash Conversion Cycle | -21.51K | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 17K | 67K | 369.76K | 253.85K | 1.1M | 1.02M | 782.59K | 435.94K | 677.56K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 330.75K | 220.53K | 1.07M | 987.31K | 745.72K | 399.07K | 640.7K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2K | 56K | 39.01K | 33.32K | 35.02K | 36.88K | 36.88K | 36.88K | 36.86K |
| Total Liabilities | 4.78M | 7.82M | 14.43M | 10.35M | 19.86M | 14.05M | 17.63M | 14.6M | 13.65M |
| Total Debt | 0 | 0 | 845.95K | 559.04K | 1.43M | 1.36M | 1.12M | 805.09K | 897.53K |
| Net Debt | -123.28M | -55.39M | -32.29M | -25.41M | -24.82M | -14.91M | -11.65M | -17.57M | -15.12M |
| Debt / Equity | - | - | 0.01x | 0.01x | 0.01x | 0.02x | 0.01x | 0.01x | 0.02x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -9.87x | - | -2683.80x | -1488.88x | -2176.29x | -683.76x | -1196.58x | -2228.93x | -1297.60x |
| Total Equity | 119.43M▲ 0% | 151.39M▲ 26.8% | 107.15M▼ 29.2% | 77.86M▼ 27.3% | 105.28M▲ 35.2% | 88.35M▼ 16.1% | 102.58M▲ 16.1% | 61.42M▼ 40.1% | 41.54M▼ 32.4% |
| Equity Growth % | 564.9% | 26.76% | -29.23% | -27.33% | 35.21% | -16.08% | 16.11% | -40.13% | -32.36% |
| Book Value per Share | 5.06 | 6.03 | 4.12 | 2.88 | 2.53 | 2.00 | 1.87 | 1.04 | 0.62 |
| Total Shareholders' Equity | 119.43M | 151.39M | 107.15M | 77.86M | 105.28M | 88.35M | 102.58M | 61.42M | 41.54M |
| Common Stock | 2.86M | 3.12M | 3.13M | 3.39M | 5.3M | 5.36M | 7.07M | 7.12M | 8.67M |
| Retained Earnings | -51.29M | -81.11M | -134.36M | -168.35M | -213.98M | -243.46M | -286.13M | -332.19M | -377.67M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 167.86M | 18.31M | 25.14M | 22.53M | 30.59M | 36.64M | 47.43M | 51.56M | 48.54M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
InflaRx N.V. (IFRX) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -12.15M | -23.71M | -43.2M | -36.53M | -39.94M | -33.74M | -37.81M | -48.56M | -33.92M |
| Operating CF Margin % | -5260.61% | - | - | - | - | - | -59935.91% | -29288.25% | -120400.97% |
| Operating CF Growth % | -143.38% | -95.13% | -82.21% | 15.45% | -9.33% | 15.51% | -12.06% | -28.41% | 30.14% |
| Net Income | -24.24M | -29.82M | -53.25M | -33.98M | -45.63M | -29.48M | -42.67M | -46.06M | -43.83M |
| Depreciation & Amortization | 71K | 174K | 663.17K | 712.71K | 669.43K | 596.6K | 567.78K | 485.11K | 402.93K |
| Stock-Based Compensation | 4.55M | 12.09M | 6.83M | 1.12M | 4.33M | 6.04M | 3.41M | 4.07M | 0 |
| Deferred Taxes | 66K | -1.88M | 0 | 927.84K | 1.16M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 4.82M | -6.11M | 4.89M | 44.25K | -2M | -1.13M | -131.29K | -4.76M | 4.84M |
| Working Capital Changes | 2.58M | 1.83M | -2.34M | -5.35M | 1.54M | -9.77M | 1M | -2.28M | 4.66M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.12M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | -11.37M | 4.47M | 6.63M |
| Change in Payables | 3.09M | 2.19M | 0 | -3.87M | 316.11K | -3.52M | 0 | 0 | -5.76M |
| Cash from Investing | -167K | -99.45M | 20.34M | 21.36M | -25.95M | 19.36M | -17.7M | 52.36M | 3.11M |
| Capital Expenditures | -149K | -806K | -594.89K | -94.19K | -37.78K | -162.39K | -81.1K | -46.87K | -111.13K |
| CapEx % of Revenue | 64.5% | - | - | - | - | - | 128.55% | 28.27% | 394.44% |
| Acquisitions | 0 | 806K | 0 | 94.19K | 37.78K | -19.52M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 1K | -808K | 20.94M | -94.19K | -37.78K | 19.52M | 0 | 1 | -3 |
| Cash from Financing | 108.8M | 49.64M | -294.34K | 9.17M | 61.58M | 1.94M | 52.99M | 386.45K | 32M |
| Debt Issued (Net) | 0 | 0 | -296.02K | -366.16K | -360.64K | -364.43K | -373.98K | -388.11K | -357.58K |
| Equity Issued (Net) | 117.92M | 52.99M | 0 | 9.77M | 65.14M | 2.35M | 56.48M | 1.1M | 32.35M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -9.11M | -3.35M | 1.68K | -232.9K | -3.2M | -47.73K | -3.12M | -323.73K | 14.11K |
| Net Change in Cash | 94.17M▲ 0% | -67.9M▼ 172.1% | -22.25M▲ 67.2% | -7.16M▲ 67.8% | 281.31K▲ 103.9% | -9.98M▼ 3649.3% | -3.5M▲ 65.0% | 5.61M▲ 260.3% | -179.66K▼ 103.2% |
| Free Cash Flow | -12.3M▲ 0% | -24.52M▼ 99.3% | -43.8M▼ 78.6% | -36.62M▲ 16.4% | -39.97M▼ 9.2% | -33.91M▲ 15.2% | -37.89M▼ 11.8% | -48.6M▼ 28.3% | -34.03M▲ 30.0% |
| FCF Margin % | -5325.11% | - | - | - | - | - | -60064.46% | -29316.52% | -120795.42% |
| FCF Growth % | -143.78% | -99.32% | -78.64% | 16.39% | -9.15% | 15.18% | -11.76% | -28.26% | 29.98% |
| FCF per Share | -0.52 | -0.98 | -1.68 | -1.35 | -0.96 | -0.77 | -0.69 | -0.82 | -0.51 |
| FCF Conversion (FCF/Net Income) | 0.50x | 0.80x | 0.72x | 0.94x | 0.74x | 1.09x | 0.89x | 1.05x | 0.77x |
| Interest Paid | 0 | 0 | 20.9K | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
InflaRx N.V. (IFRX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -51.71% | -22.02% | -46.11% | -41.88% | -58.9% | -32.01% | -44.69% | -56.18% | -85.15% |
| Return on Invested Capital (ROIC) | - | - | -61.07% | -56.09% | -45.87% | -63.6% | -53.67% | -40.98% | -59% | -104.4% |
| Gross Margin | - | 71.13% | - | - | - | - | - | -743.67% | -1900.76% | -26108.47% |
| Net Margin | - | -10492.64% | - | - | - | - | - | -67630.69% | -27784.96% | -155584.2% |
| Debt / Equity | - | - | - | 0.01x | 0.01x | 0.01x | 0.02x | 0.01x | 0.01x | 0.02x |
| Interest Coverage | -3.87x | -9.87x | - | -2683.80x | -1488.88x | -2176.29x | -683.76x | -1196.58x | -2228.93x | -1297.60x |
| FCF Conversion | 0.56x | 0.50x | 0.80x | 0.72x | 0.94x | 0.74x | 1.09x | 0.89x | 1.05x | 0.77x |
| Revenue Growth | - | - | -100% | - | - | - | - | - | 162.79% | -83.01% |
InflaRx N.V. (IFRX) stock FAQ — growth, dividends, profitability & financials explained
InflaRx N.V. (IFRX) reported $0.0M in revenue for fiscal year 2025.
InflaRx N.V. (IFRX) saw revenue decline by 83.0% over the past year.
InflaRx N.V. (IFRX) reported a net loss of $43.8M for fiscal year 2025.
InflaRx N.V. (IFRX) has a return on equity (ROE) of -85.1%. Negative ROE indicates the company is unprofitable.
InflaRx N.V. (IFRX) had negative free cash flow of $35.4M in fiscal year 2025, likely due to heavy capital investments.
InflaRx N.V. (IFRX) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates