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ImageneBio Inc

IMA·NASDAQ

$5.63

+1.3%
HealthcareBiotechnology

Clinical-stage biotechnology company developing differentiated therapies for immunological/autoimmune & inflammatory (I&I) diseases, notably non‑depleting anti‑OX40 monoclonal antibody IMG‑007 in Phase 2b for atopic dermatitis

At a Glance

Live Snapshot
Market Cap$63.50M
EPS-10.7600
P/E Ratio-0.52
Earnings Date07/23/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -0.5).

Valuation inputs: P/E -0.5, earnings yield N/A, momentum +1.3%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -34.1%, ROIC -33.4%).

Profitability stack: net margin -56.7%, ROE -34.1%, ROIC -33.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +13.0%, momentum +1.3%, net margin -56.7%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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ImageneBio Inc Market vs Earnings Trajectory

IMA · NASDAQ

Loading price and EPS data...

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ImageneBio Inc Fair Value Envelope

IMA · NASDAQ

Our analysis suggests that IMA has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $5.63, this represents a potential HIDDEN relative to our calculated worth for ImageneBio Inc.

Intrinsic Value
Current Price: $5.63
3Y+466.0%
5Y+241.0%
10Y+844.0%
3Y-95.0%
5Y-91.0%
10Y-19.0%
3Y-34.0%
5Y+2.0%
10Y+11.0%
3Y-35.0%
5Y+26.0%
10Y+312.0%
3Y-37.0%
5Y+24.0%
10Y+302.0%
3Y-11.0%
5Y-9.0%
10Y+640.0%
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ImageneBio Inc Profit Bridge

IMA · NASDAQ
Revenue800.00K
Cost of Goods Sold (1.03M)
Gross Profit-233.00K
Operating Expenses (48.22M)
Operating Income-48.45M
Interest Expense (0.00)
Other Income/Expense2.75M
Pretax Income-45.70M
Income Tax (-350.00K)
Net Income-45.35M
Net Income
-45.35M

Profitability Analysis

Gross Margin

-29.1%

Negative gross margin indicates the company is losing money on each sale—unsustainable long-term.

Operating Margin

-6056.4%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-5668.6%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

-29.12%
Gross Profit Margin
-129%
3Y-91.0%
5Y-92.0%
10Y-99.0%
-6056.38%
Operating Profit Margin
473%
3Y+1234.0%
5Y+1151.0%
10Y+47.0%
-5668.62%
Net Profit Margin
443%
3Y+1187.0%
5Y+1078.0%
10Y+37.0%
-34.06%
Return on Equity
17%
3Y-27.0%
5Y-178.0%
10Y-138.0%
-29.64%
Return on Assets
15%
3Y-26.0%
5Y+13.0%
10Y-85.0%
-33.39%
Return on Invested Capital
21%
3Y-28.0%
5Y+5.0%
10Y-86.0%
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ImageneBio Inc Cash Conversion Engine

IMA · NASDAQ
Net Income-52.40M
Depreciation & Amortization328.00K
Stock-Based Compensation15.39M
Change in Working Capital-19.19M
Others8.02M
Capital Expenditures0.00
Free Cash Flow-47.84M

Cash Flow Quality Analysis

FCF Conversion Rate

91.3%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

FCF Growth Trend

-4.0%

Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$19.19M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

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ImageneBio Inc Funding & Solvency Profile

IMA · NASDAQ
Cash & Cash Equivalents76.05M
Net Receivables0.00
Inventory0.00
Other Current Assets4.80M
Total Current Assets122 M
Property, Plant & Equipment616.00K
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets14.06M
Total Non-Current Assets15 M
Total Assets
136.68M

Financial Health Analysis

Current Ratio

18.39x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.11x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

115 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

89% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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ImageneBio Inc Street Expectations Map

IMA · NASDAQ

Wall Street analysts project that IMA stock may decline over the coming 12 months. The consensus 1-year price target stands at 1.33, with estimates ranging from a low of 1.33 to a high of 1.33.

Lowest Target
1.33
-76.38%
Consensus Target
1.33
-76.38%
Highest Target
1.33
-76.38%

The consensus 1-year price target stands at 1.33, with estimates ranging from a low of 1.33 to a high of 1.33.

Analyst Consensus Analysis

Upside Potential

-76.4%

Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Risk-Reward Profile

1.00x

Balanced risk-reward. Upside and downside potential relatively symmetric. Suitable for moderate risk tolerance with conviction in thesis.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Consensus overvaluation: Analysts agree the stock is richly valued with limited upside. Consider booking profits or defensive positioning unless you have contrarian conviction in unrecognized catalysts.

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ImageneBio Inc Insider Positioning

IMA · NASDAQ

During the last 12 months, insiders have purchased $304K and sold $141K worth of IMA shares, resulting in $164K of net buying activity.

3 Months

Bought

384.7K

384.00

Sold

0

0.00

Net Activity

+384

+$384

3-6 Months

Bought

16.0K

95.84K

Sold

0

0.00

Net Activity

+96K

+$96K

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

83.6K

208.19K

Sold

39.7K

140.77K

Net Activity

+67K

+$67K

Top Buyers

1
OAL

Orbimed Advisors Llc

Director

83.6K shares1 transactions

$208K

2
SJP

Slattery Joseph P

Director

16.0K shares1 transactions

$96K

3
BDP

Bonita David P

Director

384.7K shares1 transactions

$384

Top Sellers

1
MJ

Marango Jotin

Officer: Chief Financial Officer

4.6K shares1 transactions

$79K

2
BDP

Bonita David P

Director

17.5K shares1 transactions

$31K

3
SO

Stampacchia Otello

Director

17.5K shares1 transactions

$31K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Positive insider sentiment with $164K net buying. Buying activity substantially exceeds selling, indicating insider confidence.

Buy/Sell Ratio

2.16:1

Strong buy/sell ratio. Buying is at least double the selling activity, suggesting robust insider confidence.

Recent Trend (3 Months)

$384

Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.

Insider Participation

Balanced

3 insider buyers and 3 sellers. Equal participation suggests mixed or neutral insider views.

Insider Activity Insight

Strong confluence of bullish signals: High buy/sell ratio, multiple insiders participating, and recent buying momentum all point to significant insider confidence. This level of coordinated buying often precedes positive developments.

No Dividend Yield Data

IMA has not reported any dividend yield values in the available annual periods.

 

ima Dividend History

IMA
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%