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INO
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INOInovio Pharmaceuticals, Inc.
$1.22$100M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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INO logo

Inovio Pharmaceuticals, Inc.

INO
NASDAQ · Vaccines & Infectious Disease
$1.22
At close - Nov 6, 4:00 PM EST - USD
Market Cap$100M
P/E-1.5x
52W High$2.72
Volume39.48M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Cash Burn and Shrinking Equity Overshadow Pipeline Hopes

Inovio's reported figures show a company with negligible and irregular revenue, a gross margin that is largely undefined, and R&D spend of roughly $10.8M to $23.1M per quarter that dominates a fixed cost base.

GrowthContracting
ProfitabilityNegative
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

INO price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-105% Peers

P/E is 105% below peer median

03

Market leadership

RS 45 · Lag

Laggard (Underperforming 55% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 10

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
INO-28.11%
S&P 500 (^GSPC)+7.63%
1-Year Return
INO-46.00%
S&P 500 (^GSPC)+9.69%
3-Year Return
INO-74.04%
S&P 500 (^GSPC)+52.82%
5-Year Return
INO-98.50%
S&P 500 (^GSPC)+45.97%

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$65K-70.0% YoY
Net income FY25
-$85M+20.8% YoY
Free cash flow FY25
-$89M+15.0% YoY
Operating margin FY25
-132871.3%-81254.4 pts YoY
ROIC (FY25)-3476.2%
Avg ROIC 5Y-759.6%
ROE (TTM)-1005.8%
Piotroski Score0 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate3/12 (60%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 12, 2026
-$0.07+67.7%
vs -$0.22
—
vs $533,333
Q2 2026
May 13, 2026
-$0.28+20.0%
vs -$0.35
—
vs $333,333
Q2 2026
Mar 12, 2026
$0.06+116.2%
vs -$0.37
—
vs $333,330
Q4 2025
Nov 10, 2025
-$0.87-106.3%
vs -$0.42
—
vs $10,000
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
PRNewsWire·Oct 20, 2026
INOVIO Announces Favorable Judgment in Litigation with VGXI, Inc. and GeneOne Life Science

PLYMOUTH MEETING, Pa., Oct. 20, 2026 /PRNewswire/ -- INOVIO Pharmaceuticals, Inc. (Nasdaq: INO), a biotechnology company focused on developing and commercializing DNA medicines to help treat and protect people from HPV-related diseases, cancer, and infectious diseases, today announced that it secured a judgment in its favor, in the amount of $80,416,101, on all claims it filed against defendants VGXI, Inc. ("VGXI") and GeneOne Life Science, Inc. ("GeneOne") in the case captioned INOVIO Pharmaceuticals, Inc. v.

Defense World·Oct 1, 2026
Critical Survey: Pyxis Oncology (NASDAQ:PYXS) versus Inovio Pharmaceuticals (NASDAQ:INO)

Pyxis Oncology (NASDAQ: PYXS - Get Free Report) and Inovio Pharmaceuticals (NASDAQ: INO - Get Free Report) are both small-cap healthcare companies, but which is the better stock? We will compare the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, earnings, profitability, risk and valuation. Earnings and Valuation This table compares Pyxis

Zacks Investment Research·Sep 14, 2026
Bet on 4 Top-Ranked Stocks With Rising P/E

Tap four stocks with increasing P/E ratios to try out an out-of-the-box investment approach.

Seeking Alpha·Sep 11, 2026
Inovio Pharmaceuticals, Inc. (INO) Presents at H.C. Wainwright 28th Annual Global Investment Conference Prepared Remarks Transcript

Inovio Pharmaceuticals, Inc. (INO) Presents at H.C. Wainwright 28th Annual Global Investment Conference Prepared Remarks Transcript

Filtered for Inovio Pharmaceuticals, Inc.More Headlines
04

Compare before deciding

Benchmark INO against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Inovio Pharmaceuticals, Inc. (INO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
INO logoINOInovio Pharmaceuticals, Inc.Current
$1.22$99.58M-1.48-69.99%-130000%-1005.8%—
NVAX logoNVAXNovavax, Inc.
$10.78$1.77B-23.1764.69%-18.64%——
OCGN logoOCGNOcugen, Inc.
$0.93$313.68M-4.808.83%-1367.61%——
VXRT logoVXRTVaxart, Inc.
$0.37$89.56M3.10726.68%16.02%35.14%—
AGEN logoAGENAgenus Inc.
$7.15$297.74M21.1910.37%20.98%——
NKTR logoNKTRNektar Therapeutics
$37.26$1.23B-7.84-43.89%-287.84%-37.99%—

Compare INO vs Peers

Inovio Pharmaceuticals, Inc. (INO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NVAX

Most directly comparable listed peer for INO.

Scale Benchmark

vs TMO

Larger-name benchmark to compare INO against a more recognizable public peer.

Peer Set

Compare Top 5

vs NVAX, OCGN, VXRT, AGEN

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

INO SEC Filings & Documents

Inovio Pharmaceuticals, Inc. (INO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 12, 2026·SEC

Material company update

Jul 31, 2026·SEC

Material company update

Jul 29, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 12, 2026·SEC

FY 2025

Mar 18, 2025·SEC

FY 2024

Mar 6, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 12, 2026·SEC

FY 2026

May 13, 2026·SEC

FY 2025

Nov 10, 2025·SEC

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INO Frequently Asked Questions

Inovio Pharmaceuticals, Inc. (INO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Inovio Pharmaceuticals, Inc.'s revenue?

Inovio Pharmaceuticals, Inc. (INO) reported $0.1M in revenue in fiscal year 2025. That is 99% less than the $8.3M of fiscal year 1999.

How fast is Inovio Pharmaceuticals, Inc. growing?

Inovio Pharmaceuticals, Inc. (INO) revenue fell by 100.0% over the trailing twelve months, compared with the twelve months before.

Is INO profitable?

No. Inovio Pharmaceuticals, Inc. (INO) reported a net loss of $67.4M over the trailing twelve months.

Dividend & Returns
What is INO's return on equity?

Inovio Pharmaceuticals, Inc. (INO) had a return on equity (ROE) of -1005.8% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Inovio Pharmaceuticals, Inc.'s free cash flow?

Inovio Pharmaceuticals, Inc. (INO) had negative free cash flow of $80.8M over the trailing twelve months.

What if you invested $1,000 in INO back in 1999?

Total return calculator · dividends reinvested · 27+ years of data

See returns →