IMMUNIC, INC.
Business
Immunic, Inc. is a late-stage biotechnology company developing oral small-molecule therapies for neurologic and gastrointestinal autoimmune diseases. Its lead program, vidofludimus calcium (IMU-838), is in Phase 3 clinical trials for relapsing and progressive multiple sclerosis; IMU-856 targets intestinal barrier restoration in celiac disease and inflammatory bowel disease; and IMU-381 is in preclinical development. The company also operates Gliomic Therapeutics, a wholly-owned subsidiary focused on brain cancer treatments. Immunic conducts research and development operations in Germany and Australia, with U.S. operations in New York.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Research and development | 82 | 80 | 83 | 71 | 61 | |
| General and administrative | 21 | 18 | 16 | 15 | 13 | |
| Total operating expenses | 103 | 98 | 99 | 119 | 92 | |
| Loss from operations | −103 | −98 | −99 | −119 | −92 | |
| Interest income | 1 | 3 | 3 | 1 | 66,000 | |
| Change in fair value of the tranche rights | 0 | −5 | 0 | — | — | |
| Other income (expense), net | 5 | −1 | 3 | −2 | −1 | |
| Total other income (expense), net | 6 | −2 | 6 | −919,000 | −1 | |
| Net loss | −97 | −101 | −94 | −120 | −93 | |
| Net loss per share, basic (in usd per share) | −0.62 | −1 | −2.11 | −3.78 | −3.93 | |
| Net loss per share, diluted (in usd per share) | −0.62 | −1 | −2.11 | −3.78 | −3.93 | |
| Weighted-average common shares outstanding, basic (in shares) | 156 | 100 | 44 | 32 | 24 | |
| Weighted-average common shares outstanding, diluted (in shares) | 156 | 100 | 44 | 32 | 24 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 16 | 36 | 47 | 107 | 87 | |
| Prepaid expenses and other current assets | 7 | 4 | 6 | 9 | 18 | |
| Total current assets | 23 | 39 | 53 | 126 | 105 | |
| Property and equipment, net | 608,000 | 545,000 | 466,000 | 294,000 | 152,000 | |
| Right of use asset, net | 575,000 | 991,000 | 1 | 2 | 948,000 | |
| Total assets | 24 | 41 | 54 | 128 | 139 | |
| Accounts payable | 10 | 8 | 5 | 4 | 4 | |
| Accrued expenses | 19 | 13 | 19 | 8 | 7 | |
| Other current liabilities | 2 | 1 | 966,000 | 810,000 | 585,000 | |
| Total current liabilities | 31 | 22 | 25 | 13 | 11 | |
| Operating lease liabilities | 107,000 | 264,000 | 639,000 | 992,000 | 584,000 | |
| Total long-term liabilities | 107,000 | 264,000 | 639,000 | 992,000 | 584,000 | |
| Total liabilities | 31 | 22 | 25 | 14 | 12 | |
| Commitments and contingencies (note 9) | — | — | — | — | — | |
| Preferred stock, $0.0001 par value; 20,000,000 authorized and no shares issued or outstanding at December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.0001 par value; 500,000,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively, and 120,382,625 and 90,150,869 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively. | 9,000 | 8,000 | 4,000 | 4,000 | 3,000 | |
| Additional paid-in capital | 599 | 526 | 436 | 428 | 324 | |
| Accumulated other comprehensive income | 3 | 4 | 4 | 3 | −252,000 | |
| Accumulated deficit | −609 | −511 | −411 | −317 | −197 | |
| Total stockholders equity (deficit) | −7 | 18 | 29 | 114 | 127 | |
| Total liabilities and stockholders equity (deficit) | 24 | 41 | 54 | 128 | 139 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 168,000 | 134,000 | 111,000 | 77,000 | 85,000 | |
| Non-cash lease expense | 497,000 | 234,000 | — | — | — | |
| Stock-based compensation | 9 | 9 | 7 | 8 | 6 | |
| Change in fair value of tranche rights | 0 | 5 | 0 | — | — | |
| Fees expensed as part of January 2024 Financing | 0 | 2 | 0 | — | — | |
| Foreign currency loss | 0 | 30,000 | 523,000 | 5 | 4 | |
| Other current assets and prepaid expenses | −3 | 2 | 4 | 7 | −13 | |
| Accounts payable | 1 | 3 | 817,000 | 799,000 | 176,000 | |
| Operating lease liabilities | −506,000 | −257,000 | — | — | — | |
| Other liabilities | −209,000 | 416,000 | 96,000 | 1 | 3 | |
| Accrued expenses | 4 | −5 | 10 | −124,000 | 170,000 | |
| Net cash used in operating activities | −86 | −85 | −71 | −65 | −83 | |
| Purchases of property and equipment | −161,000 | −264,000 | −334,000 | −112,000 | −67,000 | |
| Net cash used in investing activities | −161,000 | −264,000 | 9 | −10 | −67,000 | |
| Proceeds from public offering of common stock through At The Market offering, net of issuance costs | 0 | 191,000 | 853,000 | — | — | |
| Proceeds from shares issued in connection with the Company's employee stock purchase plan | 182,000 | 77,000 | 129,000 | 182,000 | 92,000 | |
| Net cash provided by financing activities | 66 | 75 | 1 | 96 | 43 | |
| Effect of exchange rate changes on cash and cash equivalents | 205,000 | −517,000 | 262,000 | −993,000 | −130,000 | |
| Net change in cash and cash equivalents | −20 | −11 | −60 | 20 | −41 | |
| Conversion of tranche rights liability to equity upon increase in authorized shares | 0 | 28 | 0 | — | — | |
| Operating lease right-of use asset obtained in exchange for lease obligation | 0 | 448,000 | 544,000 | 974,000 | 435,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is IMMUNIC, INC.'s CIK number?
IMMUNIC, INC.'s SEC CIK number is 0001280776 (1280776). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find IMMUNIC, INC.'s SEC filings?
All of IMMUNIC, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did IMMUNIC, INC. last report earnings?
IMMUNIC, INC. (IMUX) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193805-26-000593). This is IMMUNIC, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is IMMUNIC, INC.'s most recent earnings 8-K?
IMMUNIC, INC.'s latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001193805-26-000593. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View IMMUNIC, INC.'s latest earnings 8-K →
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