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
DateValue
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%