Financials · IPHA

Innate Pharma S.A. ADS (IPHA) financials

For fiscal 2025 (ended Dec 31, 2025), Innate Pharma S.A. ADS reported €9.01M of revenue and -€49.18M of net income. Figures are in EUR, the currency of its SEC filings.

Revenue, FY2025
€9.01M
Revenue growth, YoY
-55.2%
Net income, FY2025
-€49.18M
Net margin
-546.1%
Free cash flow, FY2025
-€52.90M
EPS, diluted, FY2025
-€0.55
Cash
€28.09M
Annual revenue€9.01M
FY2017FY2025
Annual net income-€49.18M
FY2017FY2025
Annual free cash flow-€52.90M
FY2017FY2025

IPHA revenue and earnings growth

IPHA revenueFY2025€9.01M

FY YoY
-55.2%
5Y CAGR
-33.6%

IPHA revenue was €9.01M for fiscal 2025 (ended Dec 31, 2025), down 55.2% from fiscal 2024. Compound annual growth was -33.6% over 5 years. It rose in 3 of the last 8 fiscal years.

IPHA net incomeFY2025-€49.18M

IPHA net income was -€49.18M for fiscal 2025 (ended Dec 31, 2025), compared with -€49.47M in fiscal 2024.

IPHA EPSFY2025-€0.55

IPHA diluted EPS was -€0.55 for fiscal 2025 (ended Dec 31, 2025), compared with -€0.61 in fiscal 2024.

IPHA free cash flowFY2025-€52.90M

IPHA free cash flow was -€52.90M for fiscal 2025 (ended Dec 31, 2025), compared with -€7.29M in fiscal 2024.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Revenue€9.01M€20.12M€61.64M€57.67M€24.70M€69.77M€85.45M€93.95M€44.03M
Research and development€43.62M€51.98M€56.02M€51.66M€47.00M€49.71M€62.90M€69.56M€67.00M
Selling, general and admin€19.39M€19.72M€18.29M€22.44M€25.52M€18.99M€20.98M€18.14M€17.02M
Operating income-€54.01M-€51.58M-€12.67M-€57.42M-€47.83M€1.08M€1.57M€5.15M-€39.98M
Interest expense€440.0K€566.0K€640.0K€288.0K€312.0K€341.0K€204.0K€102.0K€113.0K
Pre-tax income-€49.18M-€49.47M-€7.57M-€57.97M-€45.48M-€829.0K€7.87M€2.72M-€48.02M
Income tax€0€0€0€0€0€0€0-€333.0K€368.0K
Net income-€49.18M-€49.47M-€7.57M-€58.10M-€52.81M-€63.98M-€20.76M€3.05M-€48.38M
EPS, basic-€0.55-€0.61-€0.09-€0.73-€0.66-€0.81-€0.31€0.05-€0.89
EPS, diluted-€0.55-€0.61-€0.09-€0.73-€0.66-€0.81-€0.31€0.05-€0.89
Diluted shares89.6M81.1M80.5M79.6M79.5M78.9M66.9M58.8M54.4M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Cash and equivalents€28.09M€66.40M€70.61M€84.22M€103.76M€136.79M€202.89M€152.31M€99.37M
Receivables€12.40M€4.97M€55.56M€38.35M€18.42M€21.81M€18.74M€152.11M€21.41M
Current assets€46.71M€85.74M€148.01M€139.83M€138.26M€173.45M€237.60M€319.64M€137.52M
Total assets€62.72M€111.06M€175.19M€199.29M€267.50M€307.42M€401.36M€451.22M€255.02M
Current liabilities€36.65M€32.98M€39.64M€41.34M€79.89M€45.49M€121.82M€196.74M€73.91M
Total liabilities€84.42M€102.22M€123.29M€145.14M€160.06M€151.45M€183.94M€284.10M€155.58M
Shareholders' equity-€21.70M€8.83M€51.90M€54.15M€107.44M€155.98M€217.42M€167.12M€99.44M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Operating cash flow-€52.76M-€6.90M-€32.56M-€19.16M-€58.46M-€51.77M€34.92M-€32.53M-€48.06M
Capital expenditures€140.0K€391.0K€351.0K€535.0K€929.0K€907.0K€1.27M€873.0K€2.96M
Free cash flow-€52.90M-€7.29M-€32.91M-€19.69M-€59.39M-€52.67M€33.65M-€33.40M-€51.02M
Investing cash flow€7.29M€9.20M€20.63M€1.88M-€917.0K-€13.37M-€62.12M€24.28M-€29.46M
Financing cash flow€6.07M-€6.01M-€1.97M-€1.83M€26.82M-€1.18M€77.77M€61.22M€915.0K
Stock-based compensation€2.57M€3.94M€4.26M€4.25M€2.62M€2.48M€3.83M€2.71M€9.83M
Depreciation and amortization€1.38M€1.99M€5.09M€45.41M€4.60M€56.80M€16.53M€7.40M€4.39M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Revenue growth, YoY-55.2%-67.4%6.9%133.5%-64.6%-18.3%-9.1%113.4%-
Operating margin-599.8%-256.3%-20.6%-99.6%-193.6%1.5%1.8%5.5%-90.8%
Net margin-546.1%-245.9%-12.3%-100.7%-213.8%-91.7%-24.3%3.2%-109.9%
Free cash flow margin-587.4%-36.2%-53.4%-34.1%-240.4%-75.5%39.4%-35.6%-115.9%
Return on equity--560.0%-14.6%-107.3%-49.2%-41.0%-9.5%1.8%-48.7%
Return on assets-78.4%-44.5%-4.3%-29.2%-19.7%-20.8%-5.2%0.7%-19.0%
Current ratio1.272.603.733.381.733.811.951.621.86

Source: XBRL data Innate Pharma S.A. ADS files with the SEC, latest filing dated Apr 1, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

IPHA peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
IPHA€9.01M-55.2%-€49.18M-546.1%$160.8M
AMGN$38.90B+8.2%$9.39B24.1%$249.05B
GILD$30.99B+6.5%-$3.86B-12.5%$207.00B
MRNA$2.52B+13.1%-$2.79B-110.5%$101.48B
ARGX$4.25B+88.6%$1.29B30.4%$57.55B
RVMD$0--$1.13B-$41.59B
BIIB$10.30B+2.3%$347.50M3.4%$36.71B
BNTX€2.87B+4.3%-€1.14B-39.6%$21.98B
EXEL$2.50B+9.1%$885.14M35.5%$16.98B

IPHA FAQ

8 questions
  • What is IPHA revenue?
    Innate Pharma S.A. ADS (IPHA) reported €9.01M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 55.2% from the year before.
  • Is IPHA profitable?
    No. Innate Pharma S.A. ADS reported a net loss of €49.18M for fiscal 2025 (ended Dec 31, 2025).
  • How much cash and debt does IPHA have?
    Innate Pharma S.A. ADS reported €28.09M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is IPHA revenue growing?
    Innate Pharma S.A. ADS's revenue changed -55.2% in fiscal 2025, to €9.01M. Its compound annual growth rate was -33.6% over 5 years.
  • What is IPHA free cash flow?
    Innate Pharma S.A. ADS generated -€52.90M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -€52.76M less capital expenditures.
  • What is IPHA earnings per share?
    Diluted earnings per share were -€0.55 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did IPHA last report financial results?
    The latest statements here come from Innate Pharma S.A. ADS's 20-F filed on Apr 1, 2026, covering the period ended Dec 31, 2025.
  • Where does this IPHA financial data come from?
    Quantisnow builds these statements from the structured XBRL data Innate Pharma S.A. ADS files with the SEC. It is provided for information only and is not investment advice.