Immunocore Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	400.02	310.2	249.43	174.36	36.48
Revenue Growth (YoY)	28.95%	24.37%	43.05%	377.91%	-11.39%
Cost of Revenue	5.09	2.73	1.04	1.09	-
Gross Profit	394.93	307.47	248.39	173.27	36.48
Selling, General & Admin	165.41	155.78	144.5	123.06	110.82
Research & Development	274.87	222.15	163.55	101.92	100.25
Total Operating Expenses	440.28	377.93	308.04	224.98	211.07
Operating Income	-45.35	-70.46	-59.65	-51.71	-174.59
Interest Income	16.48	25.62	17.99	3.76	0.07
Interest Expense	-12.17	-18.84	-5.15	-5.41	-5.57
Other Non-Operating Income (Expense)	21.94	10.75	-14.07	12.48	0.22
Total Non-Operating Income (Expense)	26.25	17.52	-1.24	10.83	-5.29
Pretax Income	-19.1	-52.94	-60.89	-40.88	-179.88
Provision for Income Taxes	-16.41	1.85	5.6	-11.66	-
Net Income	-35.51	-51.09	-55.29	-52.54	-180.03
Net Income to Common	-35.51	-51.09	-55.29	-52.54	-180.03
Shares Outstanding (Basic)	50	50	49	46	42
Shares Outstanding (Diluted)	50	50	49	46	42
Shares Change (YoY)	0.71%	2.25%	6.94%	7.59%	60.19%
EPS (Basic)	-0.71	-1.02	-1.13	-1.15	-4.24
EPS (Diluted)	-0.71	-1.02	-1.13	-1.15	-4.24
Shares Outstanding	50.53	50.03	49.73	48.09	43.86
Free Cash Flow	-15.05	20.89	-2.49	-51.41	-144.49
Free Cash Flow Per Share	-0.30	0.42	-0.05	-1.12	-3.40
Gross Margin	98.73%	99.12%	99.58%	99.38%	100.00%
Operating Margin	-11.34%	-22.71%	-23.91%	-29.66%	-478.53%
Profit Margin	-0.67%	-17.66%	-26.66%	-16.76%	-493.03%
FCF Margin	-3.76%	6.73%	-1.00%	-29.49%	-396.04%
EBITDA	-42.09	-66.26	-55.56	-46.37	-167
EBITDA Margin	-10.52%	-21.36%	-22.27%	-26.60%	-457.72%
EBIT	-45.35	-70.46	-59.65	-51.71	-174.59
EBIT Margin	-11.34%	-22.71%	-23.91%	-29.66%	-478.53%
Effective Tax Rate	85.94%	-3.49%	-9.20%	28.52%	0.00%

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q