NASDAQ$IMTX

Immatics NV · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Immatics swings to FY 2024 profit on $161.9M BMS collaboration termination revenue

Immatics reported full-year 2024 results on March 27, 2025, posting net profit of $15.8 million versus a $98.3 million net loss in 2023. Total collaboration revenue surged to $161.9 million from $56.1 million, driven largely by one-time revenue from Bristol Myers Squibb terminating the IMA401 and ACTallo collaborations. Research and development expenses rose to $153.9 million from $123.3 million as clinical programs advanced, while general and administrative costs increased to $48.2 million. Cash and other financial assets totaled $628.0 million at year-end, extending the company's runway into the second half of 2027 after January and October 2024 equity offerings.

  • Net profit of $15.8 million in FY 2024 compared with a $98.3 million net loss in FY 2023, aided by one-time collaboration termination revenue.
  • Collaboration revenue reached $161.9 million, up from $56.1 million, primarily from BMS ending the IMA401 and ACTallo programs.
  • R&D spending increased to $153.9 million as SUPRAME Phase 3 for IMA203 and other TCR programs advanced.
  • Cash and other financial assets of $628.0 million at December 31, 2024 support operations into 2H 2027.
  • First patient randomized in the SUPRAME Phase 3 trial for lead TCR-T candidate IMA203 in advanced melanoma.

Headline financials

Total Revenue

$162M

Previous: $17.1M+845.6%
EPS (adj)

$0.14

Previous: -$0.32+143.8%
Research & development expenses

$154M

No prior period
General & administrative expenses

$48.2M

No prior period
Net Income

$15.8M

Previous: -$28.1M+156.2%
Cash & Equivalents

$628M

No prior period

Revenue & EPS history

Immatics · Revenue · Quarterly

$162M

Q4 2024+845.6%vs Q4 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.8%

Avg return

Earnings day

-1.0%

Avg return

5 days after

+4.6%

Avg return

30 days after

46%

11 / 24 earnings

Positive

+9.1%

Q3 2020

Best reaction

-11.3%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025-5.0%-3.3%-9.3%
Q4 2024-11.3%-11.7%-0.2%
Q1 2024+0.7%-0.4%+17.7%
Q4 2023-6.6%-5.6%-15.3%
Q3 2023-6.6%-9.2%+2.5%
Q2 2023+7.3%+9.7%+7.1%
Q1 2023-0.7%-2.7%+17.8%
Q4 2022-5.1%-8.7%-2.8%
Q3 2022+2.3%-4.0%-12.1%
Q2 2022-7.0%-9.2%+1.3%
Q1 2022+5.8%+10.6%+18.0%
Q4 2021+1.8%+2.7%+6.9%
Q3 2021+2.7%-0.3%+1.8%
Q2 2021-0.7%-0.5%+28.2%
Q1 2021-2.7%+2.7%+9.5%
Q4 2020-5.2%-1.6%+5.9%
Q3 2020+9.1%+8.8%+9.1%
Q2 2020+1.6%-5.6%+16.5%
Q1 2020-0.5%+0.5%+3.6%
Q4 2019+0.0%+2.1%+2.8%
Q3 2019+0.2%-0.3%+0.0%
Q2 2019-0.3%+1.2%-0.2%
Q1 2019+0.1%+0.2%+0.0%
Q4 2018+1.2%+1.2%+1.2%
Q3 2018
Q2 2018
Q1 2018

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