Immatics (IMTX) Operating Expenses (2019 - 2026)

Immatics has reported Operating Expenses for 7 years, with the latest figure at $1.4 billion in Q4 2025.

• Quarterly Operating Expenses rose 305.06% year-over-year to $1.4 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.2 billion (up 245.26% YoY) and the FY2025 annual result came in at $1.2 billion, up 238.77% from the prior year.
• Operating Expenses improved to $1.4 billion in Q4 2025 per IMTX's latest filing, from -$70.0 million in the prior quarter.
• Over five years, Operating Expenses peaked at $1.4 billion in Q4 2025 and troughed at -$689.2 million in Q4 2024.
• A 5-year average of $108.9 million and a median of -$39.3 million in 2022 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2021 and 2024: Operating Expenses jumped 1832.07% in 2021, then tumbled 182.17% in 2024.
• Over 5 years, Operating Expenses stood at $610.2 million in 2021, then climbed by 13.13% to $690.3 million in 2022, then climbed by 21.5% to $838.7 million in 2023, then plunged by 182.17% to -$689.2 million in 2024, then surged by 305.06% to $1.4 billion in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $1.4 billion, -$70.0 million, and -$65.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.