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ImageneBio (IMA) earnings and revenue breakdown

Latest: Q1 2025 · 10-Q filed May 8, 2025 · ImageneBio (IMA) Q1 2025 earnings results →

ImageneBio made $800K in Q1 2025. Operating margin n/m, net loss $8.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed May 8, 2025.

Revenue$800K
Year over year—
Operating marginn/m
Net earnings−$8.6M
Operating cash flow−$10.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $800K in Q1 2025.

Operating costs exceeded revenue by $10.8M, an operating margin of -1349.2%. The quarter ended with a net loss of $8.6M. Non-operating items added $2.2M, -26% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$10.6M. Non-cash charges added back $2K of depreciation and amortization and $904K of share-based compensation. Working capital and other items used $2.8M.

Quarterly history

QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 202510-QMay 8, 2025$800K—n/m−$8.6M−$10.6M

Charts

ImageneBio: where the cash came from (+) and went (−), TTM to Q2 2026ImageneBio: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$147MCash drawn (+) / kept (−)−$88.7MOperating cash flow−$52.6MOther investing−$6.6MExchange rates$614KShares issued$35K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
ImageneBio: profit against cash, quarter by quarterImageneBio: profit against cash, quarter by quarterNet incomeOperating cash flow−$1.9M$13.0MQ3 2024−$4.8M−$3.5MQ4 2024−$6.1M−$7.2MQ1 2025−$7.6M−$11.9MQ2 2025−$24.8M−$21.5MQ3 2025−$6.9M−$7.2MQ4 2025−$10.6M−$14.8MQ1 2026−$10.2M−$9.1MQ2 2026
Latest (Q2 2026): Net income −$10.2M, Operating cash flow −$9.1M.
ImageneBio: diluted shares by fiscal year (split-adjusted)ImageneBio: diluted shares by fiscal year (split-adjusted)28MFY202028MFY202136MFY202242MFY202348MFY2024
+74.5% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 10-for-1 split before FY2021.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About ImageneBio

Imagene is a clinical-stage biotechnology company dedicated to developing therapeutics for patients with immunological, autoimmune and inflammatory diseases with differentiated clinical profiles. The Company’s program, olevaprubart (formerly IMG-007), is a receptor targeting, nondepleting anti-OX40 monoclonal antibody with multiple differentiating features. Imagene has completed Phase 1b/2a clinical trials of olevaprubart in both atopic dermatitis and alopecia areata and is currently conducting a Phase 2b clinical trial of olevaprubart in patients with moderate-to-severe atopic dermatitis. For more information, please visit www.imagenebio.com.

In its own words, from its 8-K, filed Aug 5, 2026.

ImageneBio against its Biological Products, (No Diagnostic Substances) peers

The largest companies of the same SEC industry, each at its latest quarter.

CompanyQuarterRevenueY/YOp. margin
IMA ImageneBioQ1 2025$800K—n/m
AMGN AmgenQ3 2026$10.4B+8%35.8%
GILD Gilead SciencesQ3 2026$8.3B+7%41.7%
BIIB BiogenQ3 2026$2.8B+11%-0.3%
MRNA ModernaQ3 2026$1.3B+29%9.9%
NBIX Neurocrine BiosciencesQ3 2026$1.1B+41%29.5%
EXEL ExelixisQ3 2026$659M+10%40.8%
HALO Halozyme TherapeuticsQ3 2026$493M+39%59.8%
MGTX MeiraGTx HoldingsQ2 2026$321M87×76.0%

Source: ImageneBio 10-Q on SEC EDGAR · CIK 1835579 · Biological Products, (No Diagnostic Substances)

13F: who owns IMA and who is buying

Largest holders of IMA (13F)Largest holders of IMA (13F)BVF$6.5MOrbimed Advisors LLC$5.4MCable Car Capital, LP$4.6MOmega Fund Management, LLC$2.7MRTW Investments, LP$2.0MVanguard Capital Management LLC$1.9MTrails Edge Capital Partners, LP$1.7MVanguard Group$1.6MBML Capital Management, LLC$1.2MMonashee Investment Management LLC$1.1M
Funds' net buying of IMA by quarter (13F)Funds' net buying of IMA by quarter (13F)$3.0M2025-09−$1.8M2025-12$1.5M2026-03$5.5M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on IMA

History

Every quarter: Q1 2025 results

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