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INDICATIVE · SAMPLE DATA
IPHA$2.1757

Innate Pharma SA

Biotechnology & Medical ResearchVerified

Innate Pharma maintains a strong liquidity position, with EUR 113.9 million in cash and equivalents, which significantly exceeds its market capitalization of EUR 203.33 million. The company's enterprise value to revenue ratio of 13.55 suggests a relatively high valuation compared to its current revenue of EUR 6.6 million. This liquidity buffer supports the company's operations and provides flexibility for future capital expenditures or strategic acquisitions. The company's profitability metrics indicate a challenging operating environment. With a revenue of EUR 6.6 million, Innate Pharma's financial performance is below the median for its industry, which typically sees higher revenue generation from commercialized products. The company's focus on research and development, rather than immediate profitability, is reflected in its low revenue and high valuation multiple. Geographically, Innate Pharma's revenue is not disclosed by region, but as a European-based biotechnology firm, it is likely exposed to the European market. The company's operations are concentrated in the development of immunotherapy treatments, with no significant diversification into other therapeutic areas or geographic markets. Looking ahead, Innate Pharma is expected to maintain a modest growth trajectory. The company's current revenue of EUR 6.6 million is projected to remain relatively flat in the near term, with no significant growth drivers identified in the current financial or strategic outlook. The company's reliance on research and development for future revenue streams introduces uncertainty into its long-term growth prospects. The company's risk profile is characterized by low liquidity and dilution risk, with no immediate filing-based flags detected. However, the high valuation multiple and low revenue suggest potential volatility in the company's stock price. The company's dilution potential is currently low, with basic and diluted shares outstanding being equal at 93.7 million. No recent events or filings indicate a near-term need for additional capital through equity issuance. Recent events and filings do not highlight any significant developments for Innate Pharma. The company's ESG profile is mixed, with a Social pillar score of 43.17 and a Governance pillar score of 37.17, indicating room for improvement in these areas. The ESG controversies score of 100.00 suggests the company has not been involved in any major controversies, which is a positive sign for its governance and social responsibility practices.

30-day price · IPHA+0.08 (+6.3%)
Low$1.25High$1.75Close$1.36As of13 May, 00:00 UTC
Profile
CompanyInnate Pharma SA
TickerIPHA.O
SectorHealthcare
BusinessPharmaceuticals & Medical Research
Industry groupPharmaceuticals & Medical Research
IndustryBiotechnology & Medical Research
AI analysis

Business. Innate Pharma SA is a biotechnology company focused on the development of innovative immunotherapy treatments for cancer and autoimmune diseases.

Classification. Innate Pharma is classified under the Healthcare economic sector, within the Pharmaceuticals & Medical Research business sector, and the Biotechnology & Medical Research industry, with a classification confidence of 0.92.

Innate Pharma maintains a strong liquidity position, with EUR 113.9 million in cash and equivalents, which significantly exceeds its market capitalization of EUR 203.33 million. The company's enterprise value to revenue ratio of 13.55 suggests a relatively high valuation compared to its current revenue of EUR 6.6 million. This liquidity buffer supports the company's operations and provides flexibility for future capital expenditures or strategic acquisitions. The company's profitability metrics indicate a challenging operating environment. With a revenue of EUR 6.6 million, Innate Pharma's financial performance is below the median for its industry, which typically sees higher revenue generation from commercialized products. The company's focus on research and development, rather than immediate profitability, is reflected in its low revenue and high valuation multiple. Geographically, Innate Pharma's revenue is not disclosed by region, but as a European-based biotechnology firm, it is likely exposed to the European market. The company's operations are concentrated in the development of immunotherapy treatments, with no significant diversification into other therapeutic areas or geographic markets. Looking ahead, Innate Pharma is expected to maintain a modest growth trajectory. The company's current revenue of EUR 6.6 million is projected to remain relatively flat in the near term, with no significant growth drivers identified in the current financial or strategic outlook. The company's reliance on research and development for future revenue streams introduces uncertainty into its long-term growth prospects. The company's risk profile is characterized by low liquidity and dilution risk, with no immediate filing-based flags detected. However, the high valuation multiple and low revenue suggest potential volatility in the company's stock price. The company's dilution potential is currently low, with basic and diluted shares outstanding being equal at 93.7 million. No recent events or filings indicate a near-term need for additional capital through equity issuance. Recent events and filings do not highlight any significant developments for Innate Pharma. The company's ESG profile is mixed, with a Social pillar score of 43.17 and a Governance pillar score of 37.17, indicating room for improvement in these areas. The ESG controversies score of 100.00 suggests the company has not been involved in any major controversies, which is a positive sign for its governance and social responsibility practices.
Key takeaways
  • Innate Pharma maintains a strong liquidity position with EUR 113.9 million in cash and equivalents.
  • The company's enterprise value to revenue ratio of 13.55 indicates a high valuation relative to its current revenue of EUR 6.6 million.
  • Innate Pharma's profitability metrics are below the industry median, reflecting its focus on research and development rather than immediate profitability.
  • The company's growth trajectory is expected to remain modest, with no significant growth drivers identified in the current financial or strategic outlook.
  • The company's risk profile is characterized by low liquidity and dilution risk, with no immediate filing-based flags detected.
  • --
  • ## RATIONALES
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Financial snapshot
PeriodHA-latest
CurrencyEUR
Revenue$6.6M
Gross profit
Operating income
Net income
R&D
SG&A
D&A
SBC
Operating cash flow
CapEx
Free cash flow
Total assets
Total liabilities
Total equity
Cash & equivalents$113.9M
Long-term debt
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY-4$12.1M-$47.8M-$52.8M-$42.2M
FY-3$49.6M-$57.4M-$58.1M-$54.7M
FY-2$51.9M-$12.7M-$7.6M-$4.8M
FY-1$12.6M-$51.6M-$49.5M-$47.9M
FY0$2.8M-$54.0M-$49.2M-$47.9M
PeriodGross %Op %Net %FCF %
FY-4
FY-3
FY-2
FY-1
FY0
PeriodAssetsEquityCashDebt
FY-4$267.5M$107.4M$103.8M
FY-3$207.9M$54.2M$84.2M
FY-2$184.2M$51.9M$70.6M
FY-1$111.1M$8.8M$66.4M
FY0$62.7M-$21.7M$28.1M
PeriodOCFCapExFCFSBC
FY-4-$58.5M-$1.3M-$42.2M
FY-3-$19.2M-$1.1M-$54.7M
FY-2-$32.6M-$2.4M-$4.8M
FY-1-$6.9M-$391.0k-$47.9M
FY0-$52.8M-$140.0k-$47.9M
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
FQ-7$6.6M
FQ-6
FQ-5$1.9M
FQ-4
FQ-3$1.2M
FQ-2
FQ-1
FQ0
PeriodGross %Op %Net %FCF %
FQ-7
FQ-6
FQ-5
FQ-4
FQ-3
FQ-2
FQ-1
FQ0
PeriodAssetsEquityCashDebt
FQ-7$113.9M
FQ-6
FQ-5$96.4M
FQ-4
FQ-3$72.5M
FQ-2
FQ-1
FQ0
PeriodOCFCapExFCFSBC
FQ-7
FQ-6
FQ-5
FQ-4
FQ-3
FQ-2
FQ-1
FQ0
Valuation
Market price$2.17
Market cap$203.3M
Enterprise value$89.4M
P/E
Reported non-GAAP P/E
EV/Revenue13.6
EV/Op income
EV/OCF
P/B
P/Tangible book
Tangible book
Net cash$113.9M
Current ratio
Debt/Equity
ROA
ROE
Cash conversion
CapEx/Revenue
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskLow
  • No immediate filing-based liquidity or dilution flags were detected.
Industry benchmarks
Activity: Healthcare Diagnostics · cohort 170 companies
MetricIPHAActivity
Op margin-227.5% medp25 -1250.6% · p75 -3.5%
Net margin-194.5% medp25 -1233.8% · p75 0.8%
Gross margin53.0% medp25 25.9% · p75 75.7%
CapEx / revenue-8.2% medp25 -35.2% · p75 -2.5%
Debt / equity1.2% medp25 0.0% · p75 17.4%
Observations
IR observations
Social pillar43.17 (0-100)
Governance pillar37.17 (0-100)
ESG controversies score100.00 (0-100, higher = fewer controversies)
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-16 22:45 UTC#d71af123
Market quoteclose EUR 1.36 · shares 0.09B diluted
no public URL
2026-05-16 22:45 UTC#b41f4314
Source: analysis-pipeline (hybrid)Generated: 2026-05-28 05:51 UTCJob: 40a8207f