IO Biotech Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	30.66	60.03	143.19	142.59	211.53	3.41
Cash & Short-Term Investments	30.66	60.03	143.19	142.59	211.53	3.41
Cash Growth	-61.76%	-58.08%	0.42%	-32.59%	6112.36%	-56.60%
Other Receivables	0.99	1.13	1.13	1.53	2.09	1.5
Receivables	0.99	1.13	1.13	1.53	2.09	1.5
Prepaid Expenses	0.29	1.12	1.35	1.72	3.2	-
Other Current Assets	4.89	2.67	1.58	2.38	4.92	0.73
Total Current Assets	36.83	64.95	147.26	148.22	221.74	5.64
Property, Plant & Equipment	1.85	2.36	3.11	3.23	0.16	-
Other Long-Term Assets	1.28	0.39	0.36	0.35	0.4	0.02
Total Assets	39.96	67.7	150.72	151.81	222.29	5.65
Accounts Payable	5.59	4.66	3.88	4	3.93	0.52
Accrued Expenses	11.45	13.61	10.62	4.21	5.92	2.27
Current Portion of Leases	0.79	0.72	0.66	0.52	-	-
Other Current Liabilities	0.49	0.5	0.56	1.95	0.46	0.26
Total Current Liabilities	18.31	19.49	15.72	10.68	10.31	3.05
Long-Term Leases	0.67	1.2	1.84	2.28	-	-
Other Long-Term Liabilities	3.4	-	-	-	0.06	-
Total Liabilities	39.05	20.68	17.56	12.95	10.36	3.05
Common Stock	0.07	0.07	0.07	0.03	0.03	0.03
Additional Paid-In Capital	424.34	413.11	406.59	326.71	319.67	1.11
Retained Earnings	-416.33	-359.31	-263.82	-177.74	-106.28	-38.4
Comprehensive Income & Other	-7.17	-6.85	-9.67	-10.14	-1.49	1.96
Total Common Equity	0.91	47.02	133.16	138.85	211.92	-35.3
Shareholders' Equity	0.91	47.02	133.16	138.85	211.92	2.6
Total Liabilities & Equity	39.96	67.7	150.72	151.81	222.29	5.65
Total Debt	18.12	1.92	2.49	2.79	-	-
Net Cash (Debt)	12.55	58.12	140.7	139.8	211.53	3.41
Net Cash Growth	-83.95%	-58.70%	0.64%	-33.91%	6112.36%	-
Net Cash Per Share	0.19	0.88	3.23	4.85	48.79	19.22
Filing Date Shares Outstanding	71.95	65.88	65.88	28.82	28.82	0.18
Total Common Shares Outstanding	69.69	65.88	65.88	28.82	28.82	0.18
Working Capital	18.52	45.47	131.54	137.54	211.43	2.59
Book Value Per Share	0.01	0.71	2.02	4.82	7.35	-199.23
Tangible Book Value	0.91	47.02	133.16	138.85	211.92	-35.3
Tangible Book Value Per Share	0.01	0.71	2.02	4.82	7.35	-199.23
Machinery	1.32	1.22	1.18	0.86	0.17	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q