NASDAQ$IMCR
Immunocore Holdings plc · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Immunocore reported Q2 2025 KIMMTRAK net product sales of $98 million and a net loss of $10.3 million.
The company generated $98 million in net revenue from KIMMTRAK sales in the second quarter, driven by growth in the United States and Europe. Operating expenses rose with increased R&D investment in the pipeline, resulting in a net loss of $10.3 million. Cash and marketable securities totaled $883 million at quarter end.
- KIMMTRAK net product sales reached $98 million, up 30% year-over-year, with strong contributions from the US ($64 million) and Europe ($33 million).
- Net loss narrowed to $10.3 million from $11.6 million in Q2 2024, supported by higher revenues despite rising R&D spend.
- R&D expenses increased 35% to $69 million, reflecting pipeline advancement including PRAME and tebentafusp programs.
- Cash, cash equivalents and marketable securities stood at $883 million, providing a solid liquidity position for ongoing operations and expansion.
Headline financials
Revenue & EPS history
Immunocore · Revenue · Quarterly
$98M
Forward guidance
The company continues to advance its clinical pipeline and expand KIMMTRAK commercialization globally while managing operating expenses.
Tailwinds
- Continued revenue growth from KIMMTRAK in key markets
- Pipeline progress with multiple Phase 3 trials ongoing
Headwinds
- Ongoing net losses and increasing R&D investment
- Exposure to foreign currency fluctuations
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-0.3%
Avg return
Earnings day
+0.9%
Avg return
5 days after
-1.2%
Avg return
30 days after
48%
10 / 21 earnings
Positive
+8.3%
Q3 2023
Best reaction
-11.0%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | +6.6% | +0.0% | -2.1% | |
| Q4 2025 | -4.8% | -3.0% | -12.6% | |
| Q3 2025 | -3.2% | +9.7% | +21.5% | |
| Q1 2025 | +6.3% | +5.3% | +32.8% | |
| Q4 2024 | +5.3% | -1.1% | +1.3% | |
| Q3 2024 | +4.0% | +5.0% | -4.5% | |
| Q2 2024 | +0.8% | +1.7% | -9.5% | |
| Q1 2024 | -1.9% | -6.6% | -31.7% | |
| Q4 2023 | -4.6% | -7.2% | -7.7% | |
| Q3 2023 | +8.3% | +4.6% | +15.8% | |
| Q2 2023 | -3.3% | -5.9% | -12.7% | |
| Q1 2023 | -1.5% | +3.2% | -4.6% | |
| Q4 2022 | -4.9% | -5.1% | -9.9% | |
| Q3 2022 | +2.9% | +13.7% | +9.3% | |
| Q2 2022 | +1.6% | +5.8% | -13.5% | |
| Q1 2022 | -11.0% | +2.7% | +1.4% | |
| Q4 2021 | -0.7% | +7.5% | +37.7% | |
| Q3 2021 | +0.4% | -0.2% | -21.3% | |
| Q2 2021 | -4.9% | -9.5% | -1.4% | |
| Q1 2021 | -1.5% | -9.4% | -5.3% | |
| Q4 2020 | +0.1% | +6.8% | -7.1% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — |
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