NASDAQ$IGMS
IGM Biosciences Inc · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
IGM Biosciences reported Q2 2025 collaboration revenue of $143.6M with net income of $97.6M and diluted EPS of $1.58.
Collaboration revenue of $143.6 million reflects recognition of deferred revenue upon termination of the Sanofi agreement. Net income was $97.6 million; diluted EPS was $1.58. Operating expenses fell sharply after the collaboration wind-down.
- Q2 collaboration revenue $143.6M.
- Net income $97.6M; diluted EPS $1.58.
- Sanofi agreement termination drove deferred revenue recognition.
- Pipeline and merger with Concentra shape go-forward strategy.
Headline financials
Revenue & EPS history
IGM Biosciences · Revenue · Quarterly
$144M
Revenue by segment
IGM Biosciences · $2.68M total across 1 segment · Q4 2024
- Collaboration Revenue$2.68M—100.0%
Forward guidance
The quarterly filing discusses operating priorities, liquidity, and sector risks.
Tailwinds
- MD&A outlines strategic priorities and capital allocation.
- Segment commentary supports the earnings narrative.
Headwinds
- Macro, rates, or input costs may pressure margins.
- One-time items can affect year-over-year comparability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports · overlaid with Q2 2025
+4.2%
Avg return
Earnings day
-6.5%
Avg return
5 days after
-4.3%
Avg return
30 days after
58%
14 / 24 earnings
Positive
+72.4%
Q4 2021
Best reaction
-20.4%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | — | — | — | |
| Q2 2025 | +0.0% | +0.8% | — | |
| Q1 2025 | +4.2% | +1.7% | +3.4% | |
| Q4 2024 | -2.4% | -8.0% | +5.6% | |
| Q3 2024 | -10.4% | -21.9% | -27.9% | |
| Q2 2024 | +4.4% | +7.8% | +38.5% | |
| Q1 2024 | +1.9% | -7.2% | -17.3% | |
| Q4 2023 | +2.4% | -18.5% | -28.1% | |
| Q3 2023 | +7.3% | — | — | |
| Q2 2023 | -7.1% | — | — | |
| Q1 2023 | +6.7% | — | — | |
| Q4 2022 | -20.4% | — | — | |
| Q3 2022 | -9.9% | — | — | |
| Q2 2022 | +22.2% | — | — | |
| Q1 2022 | -7.5% | — | — | |
| Q4 2021 | +72.4% | — | — | |
| Q3 2021 | +15.9% | — | — | |
| Q2 2021 | +8.9% | — | — | |
| Q1 2021 | +10.9% | — | — | |
| Q4 2020 | +4.1% | — | — | |
| Q3 2020 | -4.2% | — | — | |
| Q2 2020 | -4.2% | — | — | |
| Q1 2020 | +5.6% | — | — | |
| Q4 2019 | -1.8% | — | — | |
| Q3 2019 | +1.2% | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
Discussion
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