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INmune Bio, Inc. (INMB) 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.
INmune Bio, Inc. (INMB) stock price & volume — 10-year historical chart
INmune Bio, Inc. (INMB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
INmune Bio, Inc. (INMB) competitors in Immunology and Inflammation Therapies — business model, growth, and fundamentals comparison
INmune Bio, Inc. (INMB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
INmune Bio, Inc. (INMB) 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 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 11K | 181K | 374K | 155K | 14K | 50K | 0 |
| Revenue Growth % | - | - | - | - | 1545.45% | 106.63% | -58.56% | -90.97% | 257.14% | -100% |
| Cost of Goods Sold | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 84K |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 0▲ 0% | 0▲ 0% | 0▲ 0% | 11K▲ 0% | 181K▲ 1545.5% | 374K▲ 106.6% | 155K▼ 58.6% | 14K▼ 91.0% | 50K▲ 257.1% | -84K▲ 0% |
| Gross Margin % | - | - | - | 100% | 100% | 100% | 100% | 100% | 100% | - |
| Gross Profit Growth % | - | - | - | - | 1545.45% | 106.63% | -58.56% | -90.97% | 257.14% | - |
| Operating Expenses | 981.48K | 12.44M | 7.76M | 12.24M | 29.33M | 26.32M | 29.9M | 42.65M | 30.92M | 43.21M |
| OpEx % of Revenue | - | - | - | 111263.64% | 16206.63% | 7038.77% | 19287.74% | 304635.71% | 61838% | - |
| Selling, General & Admin | 546.12K | 9.09M | 4.47M | 6.32M | 8.79M | 9.26M | 9.62M | 9.48M | 10.26M | 10.09M |
| SG&A % of Revenue | - | - | - | 57463.64% | 4856.91% | 2475.4% | 6208.39% | 67735.71% | 20520% | - |
| Research & Development | 435.36K | 1.1M | 3.28M | 5.92M | 20.54M | 17.07M | 20.27M | 33.17M | 20.66M | 16.66M |
| R&D % of Revenue | - | - | - | 53790.91% | 11349.72% | 4563.37% | 13079.35% | 236900% | 41318% | - |
| Other Operating Expenses | -6 | 0 | 0 | 1K | 0 | 0 | 0 | 0 | 0 | 944K |
| Operating Income | -981K▲ 0% | -12.44M▼ 1168.1% | -7.76M▲ 37.7% | -12.23M▼ 57.7% | -29.15M▼ 138.4% | -25.95M▲ 11.0% | -29.74M▼ 14.6% | -42.63M▼ 43.4% | -30.87M▲ 27.6% | -43.29M▲ 0% |
| Operating Margin % | - | - | - | -111163.64% | -16106.63% | -6938.77% | -19187.74% | -304535.71% | -61738% | - |
| Operating Income Growth % | -332.16% | -1168.09% | 37.65% | -57.66% | -138.41% | 10.98% | -14.6% | -43.35% | 27.6% | - |
| EBITDA | 480 | 0 | -7.68M | 0 | 0 | 0 | 0 | -42.08M | -30.79M | -26.69M |
| EBITDA Margin % | - | - | - | - | - | - | - | -300585.71% | -61570% | - |
| EBITDA Growth % | -2.24% | -100% | - | 100% | - | - | - | - | 26.85% | 14.49% |
| D&A (Non-Cash Add-back) | 981.48K | 12.44M | 0 | 12.23M | 29.15M | 25.95M | 29.74M | 553K | 84K | 84K |
| EBIT | -831K | -12.44M | -7.68M | -12.23M | -29.15M | -25.95M | -29.74M | -42.63M | -30.87M | -20M |
| Net Interest Income | 0 | 0 | 77.69K | 0 | 0 | 0 | 0 | 0 | 850K | 210K |
| Interest Income | 0 | 0 | 77.69K | 0 | 0 | 0 | 0 | 0 | 850K | 210K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 149.99K | 0 | 77.69K | 129K | -1.19M | -1.35M | -267K | 553K | -15.06M | 1.69M |
| Pretax Income | -831K▲ 0% | -12.44M▼ 1397.0% | -7.68M▲ 38.3% | -12.1M▼ 57.6% | -30.34M▼ 150.8% | -27.3M▲ 10.0% | -30.01M▼ 9.9% | -42.08M▼ 40.2% | -45.93M▼ 9.2% | -41.6M▲ 0% |
| Pretax Margin % | - | - | - | -109990.91% | -16762.43% | -7299.2% | -19360% | -300585.71% | -91866% | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -831K▲ 0% | -12.44M▼ 1397.0% | -7.68M▲ 38.3% | -12.1M▼ 57.6% | -30.34M▼ 150.8% | -27.3M▲ 10.0% | -30.01M▼ 9.9% | -42.08M▼ 40.2% | -45.93M▼ 9.2% | -41.6M▲ 0% |
| Net Margin % | - | - | - | -109990.91% | -16762.43% | -7299.2% | -19360% | -300585.71% | -91866% | - |
| Net Income Growth % | -200% | -1396.99% | 38.28% | -57.57% | -150.76% | 10.02% | -9.92% | -40.24% | -9.15% | -1.97% |
| Net Income (Continuing) | -831K | -12.44M | -7.68M | -12.1M | -30.34M | -27.3M | -30.01M | -42.08M | -45.93M | -41.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.07▲ 0% | -1.11▼ 1398.0% | -0.89▲ 19.8% | -1.01▼ 13.5% | -1.88▼ 86.1% | -1.52▲ 19.1% | -1.67▼ 9.9% | -2.11▼ 26.3% | -1.86▲ 11.8% | -1.56▲ 0% |
| EPS Growth % | -36.72% | -1397.98% | 19.82% | -13.48% | -86.14% | 19.15% | -9.87% | -26.35% | 11.85% | 12.89% |
| EPS (Basic) | -0.07 | -1.11 | -0.89 | -1.01 | -1.88 | -1.52 | -1.67 | -2.11 | -1.86 | - |
| Diluted Shares Outstanding | 11.22M | 11.22M | 10.27M | 11.99M | 16.13M | 17.93M | 17.98M | 19.94M | 26.59M | 26.59M |
| Basic Shares Outstanding | 11.22M | 11.22M | 10.27M | 11.99M | 16.13M | 17.93M | 17.98M | 19.94M | 26.59M | 26.59M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
INmune Bio, Inc. (INMB) 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 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.9M | 849.34K | 7.76M | 23.99M | 82.61M | 64.67M | 39.94M | 22.66M | 29.89M | 22.82M |
| Cash & Short-Term Investments | 1.37M | 186.2K | 7M | 21.97M | 74.81M | 52.15M | 35.85M | 20.92M | 24.75M | 21.36M |
| Cash Only | 1.37M | 186.2K | 7M | 21.97M | 74.81M | 52.15M | 35.85M | 20.92M | 24.75M | 21.36M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 327.61K | 647.59K | 645.36K | 0 | 5.5M | 8.46M | 2.44M | 1.41M | 4.54M | 0 |
| Days Sales Outstanding | - | - | - | - | 11.1K | 8.26K | 5.75K | 36.73K | 33.15K | - |
| Inventory | 0 | 0 | -769.13M | 0 | -5.5M | 34K | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 769.13M | 1.8M | 5.5M | -34K | 0 | 331K | 595K | 1.46M |
| Total Non-Current Assets | 16.51M | 16.51M | 16.71M | 16.67M | 17.34M | 17.12M | 17.06M | 16.9M | 2.46M | 3M |
| Property, Plant & Equipment | 0 | 0 | 191.54K | 156K | 726K | 507K | 414K | 307K | 914K | 1.41M |
| Fixed Asset Turnover | - | - | - | 0.07x | 0.25x | 0.74x | 0.37x | 0.05x | 0.05x | 0.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 16.51M | 16.51M | 16.51M | 16.51M | 16.51M | 16.51M | 16.51M | 16.51M | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 99K | 99K | 131K | 79K | 1.55M | 5.33M |
| Total Assets | 18.41M▲ 0% | 17.36M▼ 5.7% | 24.47M▲ 40.9% | 40.66M▲ 66.1% | 99.94M▲ 145.8% | 81.8M▼ 18.2% | 57M▼ 30.3% | 39.56M▼ 30.6% | 32.35M▼ 18.2% | 25.82M▲ 0% |
| Asset Turnover | - | - | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Asset Growth % | 3977.32% | -5.7% | 40.93% | 66.14% | 145.83% | -18.16% | -30.31% | -30.59% | -18.23% | -114.88% |
| Total Current Liabilities | 309.72K | 823.77K | 700.38K | 1.78M | 4.36M | 10.92M | 18.46M | 7.22M | 8.42M | 5.39M |
| Accounts Payable | 136.4K | 553.22K | 401.99K | 1.52M | 3.8M | 5.21M | 7.9M | 6.56M | 7.79M | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | 24.49K |
| Short-Term Debt | 0 | 0 | 0 | 0 | 72K | 5M | 9.92M | 0 | 0 | 704K |
| Deferred Revenue (Current) | 0 | 0 | -298.39K | 0 | 474K | 616K | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 298.39K | 190K | -62K | 9K | 524K | 517K | 0 | 4.68M |
| Current Ratio | 6.13x | 1.03x | 11.09x | 13.51x | 18.95x | 5.92x | 2.16x | 3.14x | 3.55x | 3.55x |
| Quick Ratio | 6.13x | 1.03x | 1109.25x | 13.51x | 20.21x | 5.92x | 2.16x | 3.14x | 3.55x | 3.55x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 160.16K | 126K | 15.36M | 10.77M | 397K | 244K | 411K | 806K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 14.46M | 9.7M | 0 | 0 | 0 | 806K |
| Capital Lease Obligations | 0 | 0 | 160.16K | 126K | 704K | 526K | 397K | 244K | 411K | 1.26M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 199K | 550K | 0 | 0 | 0 | 0 |
| Total Liabilities | 309.72K | 823.77K | 860.54K | 1.9M | 19.72M | 21.69M | 18.86M | 7.46M | 8.83M | 6.19M |
| Total Debt | 0 | 0 | 168.45K | 160K | 15.23M | 15.31M | 10.44M | 384K | 1.03M | 1.51M |
| Net Debt | -1.37M | -186.2K | -6.83M | -21.81M | -59.58M | -36.84M | -25.41M | -20.54M | -23.72M | -19.85M |
| Debt / Equity | - | - | 0.01x | 0.00x | 0.19x | 0.25x | 0.27x | 0.01x | 0.04x | 0.04x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.06x |
| Net Debt / EBITDA | -2855.65x | - | - | - | - | - | - | - | - | 0.74x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 18.1M▲ 0% | 16.54M▼ 8.6% | 23.61M▲ 42.7% | 38.75M▲ 64.1% | 80.22M▲ 107.0% | 60.1M▼ 25.1% | 38.14M▼ 36.5% | 32.1M▼ 15.8% | 23.52M▼ 26.7% | 19.62M▲ 0% |
| Equity Growth % | 12233.64% | -8.64% | 42.75% | 64.14% | 107.01% | -25.08% | -36.55% | -15.84% | -26.71% | -117.11% |
| Book Value per Share | 1.61 | 1.47 | 2.30 | 3.23 | 4.97 | 3.35 | 2.12 | 1.61 | 0.88 | 0.74 |
| Total Shareholders' Equity | 18.1M | 16.54M | 23.61M | 38.75M | 80.22M | 60.1M | 38.14M | 32.1M | 23.52M | 19.62M |
| Common Stock | 8.32K | 8.72K | 10.77K | 13K | 18K | 18K | 817K | 22K | 27K | 27K |
| Retained Earnings | -1.16M | -13.6M | -21.28M | -33.38M | -63.72M | -91.01M | -121.02M | -163.1M | -209.04M | -214.44M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 32.04K | 6.53K | -8.52K | 11K | 1K | -699K | -799K | -575K | -737K | -727K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
INmune Bio, Inc. (INMB) 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 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -761.83K | -2.06M | -5.38M | -8.94M | -28.5M | -22.69M | -11.98M | -33.36M | -22.58M | -22.58M |
| Operating CF Margin % | - | - | - | -81305.87% | -15748.07% | -6065.78% | -7729.03% | -238292.86% | -45164% | - |
| Operating CF Growth % | -140.04% | -170.27% | -161.52% | -66.09% | -218.71% | 20.41% | 47.19% | -178.47% | 32.31% | 151.92% |
| Net Income | -831.49K | -12.44M | -7.68M | -12.1M | -30.34M | -27.3M | -30.01M | -42.08M | 0 | -41.6M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24K |
| Stock-Based Compensation | 199.56K | 10M | 4.1M | 0 | 4.8M | 7.15M | 7.37M | 7.61M | 0 | -579K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -150K | 9.81M | -1.54M | 3.11M | 126K | 328K | 224K | 79K | -20.05M | -19.66M |
| Working Capital Changes | 20.1K | 379.67K | -260.88K | 43.51K | -3.09M | -2.86M | 10.44M | 1.04M | -2.53M | -3.37M |
| Change in Receivables | -67.12K | -319.98K | 2.22K | -1.15M | -3.71M | -2.96M | 6.02M | 1.03M | -3.13M | -3.13M |
| Change in Inventory | 0 | 0 | -2.22K | 0 | 3.71M | 2.96M | 0 | 0 | 0 | 0 |
| Change in Payables | 238.91K | 514.05K | -131.68K | 1.08M | 2.26M | 1.4M | 2.72M | -1.37M | 1.85M | 1.03M |
| Cash from Investing | -100K | 0 | 0 | 0 | -15M | 0 | 0 | 0 | -1.04M | -1.04M |
| Capital Expenditures | -100K | 0 | 0 | 0 | -15M | 0 | 0 | 0 | -1.04M | -1.6M |
| CapEx % of Revenue | - | - | - | 0.04% | 8287.29% | - | - | - | 2084% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -100K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 563K |
| Cash from Financing | 2.06M | 900K | 12.21M | 23.9M | 96.36M | 729K | -4.22M | 18.21M | 27.61M | 22.34M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 14.95M | 0 | -5M | -10M | 0 | 0 |
| Equity Issued (Net) | 2.06M | 900K | 12.21M | 23.9M | 80.25M | 699K | 775K | 27.79M | 27.61M | 22.34M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -1.01M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 1.15M | 30K | 0 | 422K | 0 | 0 |
| Net Change in Cash | 1.23M▲ 0% | -1.18M▼ 196.4% | 6.81M▲ 674.9% | 14.97M▲ 119.9% | 52.84M▲ 253.0% | -22.66M▼ 142.9% | -16.3M▲ 28.0% | -14.93M▲ 8.5% | 3.83M▲ 125.7% | 2.02M▲ 0% |
| Free Cash Flow | -861.83K▲ 0% | -2.06M▼ 138.9% | -5.38M▼ 161.5% | -8.94M▼ 66.1% | -43.5M▼ 386.4% | -22.69M▲ 47.9% | -11.98M▲ 47.2% | -33.36M▼ 178.5% | -23.62M▲ 29.2% | -20.78M▲ 0% |
| FCF Margin % | - | - | - | -81305.91% | -24035.36% | -6065.78% | -7729.03% | -238292.86% | -47248% | - |
| FCF Growth % | -171.55% | -138.91% | -161.52% | -66.1% | -386.42% | 47.85% | 47.19% | -178.47% | 29.19% | 36.48% |
| FCF per Share | -0.08 | -0.18 | -0.52 | -0.75 | -2.70 | -1.27 | -0.67 | -1.67 | -0.89 | -0.89 |
| FCF Conversion (FCF/Net Income) | 0.92x | 0.17x | 0.70x | 0.74x | 0.94x | 0.83x | 0.40x | 0.79x | 0.49x | 0.50x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
INmune Bio, Inc. (INMB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -9.26% | -71.82% | -38.25% | -38.8% | -51% | -38.91% | -61.09% | -119.83% | -165.16% | -170.86% |
| Return on Invested Capital (ROIC) | -8.76% | -56.4% | -35.11% | -54.38% | -116.31% | -88.65% | -123.96% | -263.32% | -407.39% | -407.39% |
| Gross Margin | - | - | - | 100% | 100% | 100% | 100% | 100% | 100% | - |
| Net Margin | - | - | - | -109990.91% | -16762.43% | -7299.2% | -19360% | -300585.71% | -91866% | - |
| Debt / Equity | - | - | 0.01x | 0.00x | 0.19x | 0.25x | 0.27x | 0.01x | 0.04x | 0.04x |
| FCF Conversion | 0.92x | 0.17x | 0.70x | 0.74x | 0.94x | 0.83x | 0.40x | 0.79x | 0.49x | 0.50x |
| Revenue Growth | - | - | - | - | 1545.45% | 106.63% | -58.56% | -90.97% | 257.14% | -100% |
INmune Bio, Inc. (INMB) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
Feb 27, 2026·SEC
Feb 23, 2026·SEC
INmune Bio, Inc. (INMB) stock FAQ — growth, dividends, profitability & financials explained
INmune Bio, Inc. (INMB) reported $0.1M in revenue for fiscal year 2025.
INmune Bio, Inc. (INMB) grew revenue by 257.1% over the past year. This is strong growth.
INmune Bio, Inc. (INMB) reported a net loss of $41.6M for fiscal year 2025.
INmune Bio, Inc. (INMB) has a return on equity (ROE) of -165.2%. Negative ROE indicates the company is unprofitable.
INmune Bio, Inc. (INMB) had negative free cash flow of $20.8M in fiscal year 2025, likely due to heavy capital investments.
INmune Bio, Inc. (INMB) 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