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IMA Nasdaq Biotechnology & Life-Science Tools

ImageneBio, Inc.

$5,98
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Mcap
67,0M USD
P/E
EV / Rev
-62,7x
Div yield
Op margin
-6 056,4 %
ROE
-36,8 %
Net margin
-5 668,6 %
Debt / equity
Beta
52w range
Volume
Day range
Prev close
$5,57
Open
Next earnings
2026-10-28
Ex-dividend
TR 1Y
About

ImageneBio, Inc. is a clinical-stage biopharmaceutical company developing IMG-007 for immunological and inflammatory indications, relying on future regulatory approvals and potential collaborations for revenue generation.

Business. ImageneBio, Inc. (IMA) is a biotechnology and life-science tools company headquartered in the United States. The firm operates within the Health Care sector, focusing on the development and commercialization of biotechnology products. ImageneBio is publicly traded on the Nasdaq stock exchange under the ticker symbol IMA. Specific details regarding operating segments or geographic revenue breakdowns are not provided in the available data.

Classification99 %
SectorHealth Care
Industry groupBiotechnology & Life-Science Tools
Generated · model-assisted
Sell-side consensus
BUY3 analysts
2 buy0 hold1 sell
Avg 12m price target16,00

Analyst recommendations

3 analysts · consensus Buy
Buy2
Hold0
Sell1
12-month price target
16,00
Consensus of sell-side coverage.
Upcoming events
  • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
3 analysts · indicative
Ownership
Vanguard Capital Management, LLC
largest disclosed fund holder
Profitability
-36,8 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning IMA.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care · THIS SECTOR+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to IMA. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Company
    • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    ImageneBio, Inc. (IMA) is a biotechnology and life-science tools company headquartered in the United States. The firm operates within the Health Care sector, focusing on the development and commercialization of biotechnology products. ImageneBio is publicly traded on the Nasdaq stock exchange under the ticker symbol IMA. Specific details regarding operating segments or geographic revenue breakdowns are not provided in the available data.

    Classification99 %
    SectorHealth Care
    Industry groupBiotechnology & Life-Science Tools
    AI synthesis
    GENERATED

    ImageneBio maintains a conservative capital structure with zero debt and a debt-to-equity ratio of 0.0, supported by $76.0 million in cash and equivalents against total liabilities of $13.4 million. The current ratio stands at 18.39, indicating ample short-term liquidity to cover immediate obligations. However, the company trades at a price-to-book ratio of 0.54, reflecting market skepticism regarding the realization of its asset value. The market capitalization is $67.0 million, while the enterprise value-to-EBITDA multiple is 1.04, a metric that is less meaningful given the company's pre-revenue status and negative earnings.

    Profitability remains negative, with a net income of -$10.6 million and an operating income of -$12.1 million for the latest period. Return on equity is -36.77% and return on assets is -33.18%, consistent with a clinical-stage biotech burning cash for research and development. The company has not yet achieved profitability and expects to incur significant losses for the foreseeable future. There are no positive revenue streams to offset these expenses, resulting in a negative EV-to-revenue multiple of -62.71.

    Key takeaways
    • Zero debt and high cash reserves provide a strong liquidity buffer, but negative cash flows require future capital raises.
    • Single-product dependency on IMG-007 creates high concentration risk, with no revenue diversification.
    • Material weakness in internal controls poses a risk to financial reporting accuracy and investor confidence.
    • Analyst price targets range widely from $2.00 to $30.00, reflecting uncertainty in clinical outcomes and valuation.
    • Pre-revenue status and significant operating losses result in negative profitability metrics and high dilution risk.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-31
    Q4 2025 · Quarter highlights

    Operating income -$12.1M.

    Revenue
    Operating income-$12.1M
    Net income-$10.6M
    Free cash flow
    EPS
    Operating cash flow-$14.8M
    Financials
    Income statement
    Revenue
    Gross profit
    Operating income-$12.1M
    Net income-$10.6M
    Balance sheet
    Total assets$136.7M
    Total liabilities$13.4M
    Total equity$123.3M
    Cash & equivalents$76.0M
    Long-term debt
    Cash flow
    Operating cash flow-$14.8M
    CapEx
    Free cash flow
    SBC$876.0k
    Highlights
    • Operating income -$12.1M

    Valuation FY

    Market price
    $5,98
    Market cap
    $67.0M
    Enterprise value
    -$50.2M
    P/E
    Non-GAAP P/E
    EV / Revenue
    -62.7x
    EV / Op income
    EV / OCF
    P / B
    0.5x
    P / Tangible book
    0.5x
    Tangible book
    $123.3M
    Net cash
    $117.2M
    Current ratio
    18.4
    Debt / equity
    ROA
    -33.2%
    ROE
    -36.8%
    Cash conversion
    106.0%
    CapEx / revenue
    SBC / revenue
    19.2%
    Dilution ratio
    -76.8%

    Revenue by segment

    Market share

    INDUSTRYSEGMENTCOMPANYHealthcareIndustryBiotechnology & Life-Science Tools27,7B node revenueIQV 58,8%CRL 14,5%MEDP 9,1%ALKS 5,3%PIII 5,3%ORGO 2,0%NAGE 0,5%SPRY 0,3%Other 4,2%
    Source: company disclosures · own-taxonomy revenue-covered set · attribution: collision-suspect (indicative)IMA 0,0% · rank #64 of 78

    Business relationships

    Business relationships6 disclosed relationships · 1 type · extracted from filings & disclosures
    Subsidiaries6
    EX21:21cddaa5b2f4EX21:21cddaa5b2f4Subsidiarie97%
    EX21:23ae86e052d9EX21:23ae86e052d9Subsidiarie97%
    EX21:3267c933be73EX21:3267c933be73Subsidiarie97%
    EX21:a2b8faf9b02bEX21:a2b8faf9b02bSubsidiarie97%
    EX21:bbe4876497bbEX21:bbe4876497bbSubsidiarie97%
    EX21:df3c023405ecEX21:df3c023405ecSubsidiarie97%

    Supply chain

    — missing data

    Peer comparison

    Peer comparison8 peers · vs IMA · multiples and returns
    IQ
    IQV
    Iqvia Holdings Inc
    $181,94
    30,9B USD
    P/E
    22,7x
    vs self
    Div yield
    vs self
    ROE
    21,9 %
    +58,6 vs self
    CR
    CRL
    Charles River Laboratories
    $230,87
    11,4B USD
    P/E
    vs self
    Div yield
    vs self
    ROE
    -4,6 %
    +32,2 vs self
    ME
    MEDP
    Medpace Holdings Inc
    $576,00
    16,7B USD
    P/E
    34,4x
    vs self
    Div yield
    vs self
    ROE
    75,4 %
    +112,2 vs self
    AL
    ALKS
    Alkermes PLC
    $49,53
    8,2B USD
    P/E
    39,8x
    vs self
    Div yield
    vs self
    ROE
    8,4 %
    +45,2 vs self
    PI
    PIII
    P3 Health Partners Inc
    $10,20
    73,8M USD
    P/E
    vs self
    Div yield
    vs self
    ROE
    95,3 %
    +132,1 vs self
    OR
    ORGO
    Organogenesis Holdings Inc
    $2,38
    306,2M USD
    P/E
    9,0x
    vs self
    Div yield
    vs self
    ROE
    8,5 %
    +45,3 vs self
    NA
    NAGE
    Niagen Bioscience Inc
    $3,53
    281,1M USD
    P/E
    17,4x
    vs self
    Div yield
    vs self
    ROE
    22,7 %
    +59,5 vs self
    SP
    SPRY
    Ars Pharmaceuticals Inc
    $5,51
    547,1M USD
    P/E
    vs self
    Div yield
    vs self
    ROE
    -149,9 %
    -113,1 vs self

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    -1,88
    Predicted surprise
    -0,08
    Beat probability
    45 %
    Analysts
    3
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-07-30 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate-3,67
    Revenueno estimateno estimate0 USD
    Operating incomeno estimateno estimate-60,2M USD
    Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution3 analysts
    Strong buy2
    Buy0
    Hold0
    Sell0
    Strong sell1
    12-month price target$13,00 · Median $13,00
    Low $2,00High $24,00
    Operating income · consensus-60,2M USD
    EPS surprise
    −163,0 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$2,00
    Mean$16,00
    Median$16,00
    High$30,00
    Spot$5,98
    +167.6 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskMedium
    Liquidity riskLow
    Filing-based flags
    • Source documents mention dilution or offering risk.

    Benchmarks vs cohort

    Op Margin-6 056,4 %Bottom quartile
    Net Margin-5 668,6 %Bottom quartile
    ROE-36,8 %Below median
    D/E0,00Above median
    Cash Conv1,06Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    Derivative transactions

    Net acquired 1 749 184 sh9 grants8 insiders
    • Bonita David PDirector · Stock Option (right to buy) → Common StockAcquired 15 600 @ $5,45grant · 2026-06-16
    • SLATTERY JOSEPH PDirector · Stock Option (right to buy) → Common StockAcquired 15 600 @ $5,45grant · 2026-06-16
    • Stampacchia OtelloDirector · Stock Option (right to buy) → Common StockAcquired 15 600 @ $5,45grant · 2026-06-16
    • Wang Jonathan JianDirector · Stock Option (right to buy) → Common StockAcquired 15 600 @ $5,45grant · 2026-06-16
    • Bonita David PDirector · Pre-Funded Warrants (right to buy) → Common StockAcquired 336 603 @ $0,00purchase · 2026-04-14
    • Bonita David PDirector · Pre-Funded Warrants (right to buy) → Common StockAcquired 384 689 @ $0,00purchase · 2026-04-14
    • ORBIMED ADVISORS LLCDirector · Pre-Funded Warrants (right to buy) → Common StockAcquired 384 689 @ $0,00purchase · 2026-04-14
    • ORBIMED ADVISORS LLCDirector · Pre-Funded Warrants (right to buy) → Common StockAcquired 336 603 @ $0,00purchase · 2026-04-14
    • Yarema KristinDirector, Chief Executive Officer · Employee Stock Option (right to buy) → Common StockAcquired 128 100 @ $6,20grant · 2026-03-16
    • Butler ErinPrincipal Accounting Officer · Employee Stock Option (right to buy) → Common StockAcquired 22 500 @ $7,11grant · 2025-12-30
    • SLATTERY JOSEPH PDirector · Employee Stock Option (Right to Buy) → Common StockAcquired 31 200 @ $6,19grant · 2025-12-18
    • Wang Jonathan JianDirector · Employee Stock Option (Right to Buy) → Common StockAcquired 31 200 @ $6,19grant · 2025-12-18
    • Wang Stephen HuiDirector · Employee Stock Option (Right to Buy) → Common StockAcquired 31 200 @ $6,19grant · 2025-12-18

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Regulatory filings
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Ev To Revenue
      enterprise_value / revenue
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Return On Equity
      net_income / total_equity
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • ImageneBio, Inc. company facts · 2026-07-30
    • ImageneBio, Inc. 10-Q 2026-05-07 · 2026-07-30
    • ImageneBio, Inc. 10-K 2026-03-10 · 2026-07-30
    • ImageneBio, Inc. 10-Q 2025-11-12 · 2026-07-30
    • ImageneBio, Inc. 10-Q 2025-07-24 · 2026-07-30
    • allocator_boost (allocator) on IMA · 2026-07-30
    • ImageneBio Inc Market data — analyst estimates · 2026-07-30
    • ImageneBio Inc Market data — ESG · 2026-07-30
    • ImageneBio, Inc. HA canonical relationships · 2026-07-30

    Ownership & reference

    Top holders

    • Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,00 %$2M
    • Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$0M
    • Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,00 %$0M
    • Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$0M
    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$0M
    • Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,00 %$0M

    Insider activity

    Net buying1 buys · 0 sellsnet $96K3 insiders · last 365d
    • Yarema KristinDirector, Chief Executive Officer · Common StockOther 85 400 · 2026-03-16
    • Butler ErinPrincipal Accounting Officer · Common StockOther 22 500 · 2025-12-30
    • SLATTERY JOSEPH PDirector · Common StockBought 16 000 @ $5,99$96K · 2025-12-24

    Short positioning

    393.7Kshares short-2.6% vs prior
    59.08days to cover
    59.5%short of daily vol
    1.1Kfails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    IMACanonical
    Nasdaq · USD

    Intel & risk

    PredictorBeat prob45 %Surprise-0,08Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskMedium
    Liquidity riskLow
    Source documents mention dilution or offering risk.
    Relationship graph
    IMAEX21:21cEX21:23aEX21:326EX21:a2bEX21:bbeEX21:df3Biotechnology
    This companySectorSubsidiaries

    Evidence & claims

    From filings & derived data
    • EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 56.4%Derived (calculated)
    • Net margin (FY 2025-12-31): -5,668.6%Derived (calculated)
    • Return on equity (FY 2025-12-31): -34.1%Derived (calculated)
    • Return on assets (FY 2025-12-31): -29.6%Derived (calculated)
    • Current ratio (FY 2025-12-31): 12.49xDerived (calculated)
    • Debt-to-equity (FY 2025-12-31): 0.15xDerived (calculated)
    • Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 680.1%Derived (calculated)
    • Net income (YoY) (2025-12-31 vs 2024-12-31): -24.0%Derived (calculated)
    • Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -124.4%Derived (calculated)
    • Operating income (YoY) (2025-12-31 vs 2024-12-31): -30.9%Derived (calculated)
    • R&D expense (YoY) (2025-12-31 vs 2024-12-31): -11.2%Derived (calculated)
    • Revenue (YoY) (2025-12-31 vs 2024-12-31): -77.1%Derived (calculated)
    • Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 182.9%Derived (calculated)
    • Total assets (YoY) (2025-12-31 vs 2024-12-31): 860.8%Derived (calculated)
    • Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 13.7%Derived (calculated)
    • EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 56.4%Derived (calculated)
    • EPS (basic) (annual): USD-PER-SHARES -10SEC XBRL filing
    • EPS (diluted) (annual): USD-PER-SHARES -10SEC XBRL filing
    • Revenue (annual): USD 800KSEC XBRL filing
    • Pre-tax income (annual): USD -45.7MSEC XBRL filing
    • Total operating expenses (annual): USD 49.25MSEC XBRL filing
    • Total liabilities (annual): USD 19.84MSEC XBRL filing
    • Cash & equivalents (annual): USD 94.53MSEC XBRL filing
    • Operating cash flow (annual): USD -47.84MSEC XBRL filing
    Showing 24 of 60 surfaced claims.
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
    2026-07-30 00:00 UTCTRANSCRIPTEarnings call — Q3 2026
    2026-07-30EVENTQ2 2026 earnings (expected) estimated date
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-17FILING424B3 filing →
    2026-06-17FILING8-K filing →
    2026-06-16 00:00 UTCINSIDER4 insider transactions — 2026-06 4 derivative
    2026-06-16INSIDERStampacchia Otello acquired 15.6k sh Stock Option (right to buy) — Director
    2026-06-16INSIDERWang Jonathan Jian acquired 15.6k sh Stock Option (right to buy) — Director
    2026-06-16INSIDERSLATTERY JOSEPH P acquired 15.6k sh Stock Option (right to buy) — Director
    2026-06-16INSIDERBonita David P acquired 15.6k sh Stock Option (right to buy) — Director
    2026-05-08FILING424B3 filing →
    2026-05-07FILING424B3 filing →
    2026-05-07FILING10-Q filing →
    2026-05-07FILING8-K filing →
    2026-04-30FILINGDEF 14A filing →
    2026-04-14 00:00 UTCINSIDER4 insider transactions — 2026-04 4 derivative
    2026-04-14INSIDERBonita David P acquired 384.7k sh Pre-Funded Warrants (right to buy) — Director
    2026-04-14INSIDERBonita David P acquired 336.6k sh Pre-Funded Warrants (right to buy) — Director
    2026-04-14INSIDERORBIMED ADVISORS LLC acquired 336.6k sh Pre-Funded Warrants (right to buy) — Director
    2026-04-14INSIDERORBIMED ADVISORS LLC acquired 384.7k sh Pre-Funded Warrants (right to buy) — Director
    2026-04-13FILING424B3 filing →
    2026-04-13FILING8-K filing →
    2026-03-31EARNINGSQuarterly results — Q4 2025 Net USD -10.6M
    2026-03-17FILING8-K filing →
    2026-03-16 00:00 UTCINSIDER2 insider transactions — 2026-03 1 derivative
    2026-03-16INSIDERYarema Kristin transacted 85.4k sh — Director, Chief Executive Officer
    2026-03-16INSIDERYarema Kristin acquired 128.1k sh Employee Stock Option (right to buy) — Director, Chief Executive Officer
    2026-03-10FILING10-K filing →
    2026-03-10FILING8-K filing →
    2025-12-31EARNINGSQuarterly results — Q3 2025
    2025-12-31EARNINGSAnnual results — FY 2025 Revenue USD 0.8M · Net USD -45.3M
    2025-12-30 00:00 UTCINSIDER6 insider transactions — 2025-12 4 derivative
    2025-12-30INSIDERButler Erin transacted 22.5k sh — Principal Accounting Officer
    2025-12-30INSIDERButler Erin acquired 22.5k sh Employee Stock Option (right to buy) — Principal Accounting Officer
    2025-12-24INSIDERSLATTERY JOSEPH P bought 16.0k sh — Director ~$96k
    2025-12-18INSIDERWang Jonathan Jian acquired 31.2k sh Employee Stock Option (Right to Buy) — Director
    2025-12-18INSIDERWang Stephen Hui acquired 31.2k sh Employee Stock Option (Right to Buy) — Director
    2025-12-18INSIDERSLATTERY JOSEPH P acquired 31.2k sh Employee Stock Option (Right to Buy) — Director
    2025-09-30EARNINGSQuarterly results — Q2 2025 Revenue USD 0.8M · Net USD -38.4M
    Showing the 40 most recent of 44 entries.
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage