Immunocore Holdings (IMCR) Gross Margin (2023 - 2026)
Immunocore Holdings' (IMCR) quarterly Gross Margin came in at 99.59% in Q1 2026, up 48.0% year-on-year from 67.29% in Q1 2025, and up 2.24% quarter-over-quarter from 97.41% in Q4 2025.
Immunocore Holdings (IMCR) Gross Margin (2023 - 2026) Analysis & Trends
Immunocore Holdings has disclosed Gross Margin across 4 years of filings, most recently posting 99.59% for Q1 2026.
- Gross Margin for Q1 2026 came in at 99.59%, up 48.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 98.86% (down 14.0% YoY), and the FY2025 annual result was 98.73%, down 39.0% from the prior year.
- Gross Margin came in at 99.59% for Q1 2026 at Immunocore Holdings, up from 97.41% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.71% in Q4 2023 to a low of 97.41% in Q4 2025.
- The 4-year median for Gross Margin is 99.51% (2025), against an average of 99.18%.
- Peak annual rise in Gross Margin reached 120 bps in 2025, while the deepest fall reached 219 bps in 2025.
- Immunocore Holdings' Gross Margin stood at 99.71% in 2023, then declined by 0 bps to 99.61% in 2024, then decreased by 2 bps to 97.41% in 2025, then increased by 2 bps to 99.59% in 2026.
- The last three Gross Margin figures came in at 99.59% (Q1 2026), 97.41% (Q4 2025), and 99.51% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 767,934.24 Bn | 767,934.20 Bn | - | - |
| 2 | Belite Bio | 55,234.00 Bn | 55,234.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,823.14 Bn | 17,823.14 Bn | - | - |
| 4 | Legend Biotech | 3,624.50 Bn | 3,624.21 Bn | 242.10 Mn | 79.04% |
| 5 | Akari Therapeutics | 1,745.73 Bn | 1,745.73 Bn | - | - |
| 6 | Evaxion A | 1,540.85 Bn | 1,540.84 Bn | - | - |
| 7 | Psyence Biomedical | 229.39 Bn | 229.38 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 112.57 Bn | 105.33 Bn | 2.59 Bn | 86.85% |
| 9 | Abivax | 93.46 Bn | 93.46 Bn | - | - |
| 10 | Immunocore Holdings | 1.46 Bn | 616.35 Mn | 106.24 Mn | 99.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 99.59% |
| Dec 31, 2025 | 97.41% |
| Sep 30, 2025 | 99.51% |
| Jun 30, 2025 | 98.94% |
| Mar 31, 2025 | 99.11% |
| Dec 31, 2024 | 99.61% |
| Sep 30, 2024 | 99.44% |
| Jun 30, 2024 | 97.74% |
| Mar 31, 2024 | 99.65% |
| Dec 31, 2023 | 99.71% |
| Sep 30, 2023 | 99.57% |
| Jun 30, 2023 | 99.42% |
| Mar 31, 2023 | 99.60% |