Immatics (IMTX) Operating Expenses (2019 - 2026)
Immatics' Operating Expenses came in at -$88.74 million for Q2 2026, compared with -$65.52 million a year earlier.
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Analysis
Immatics (IMTX) Operating Expenses (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Immatics reported Operating Expenses of -$318.69 million; for FY2025, it came in at -$265.52 million.
- Going back by year, Operating Expenses was -$210.55 million in FY2024, -$169.68 million in FY2023, -$150.61 million in FY2022 and -$143.64 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Operating Expenses in data going back to Q2 2019.
- Business Quant data shows IMTX's Operating Expenses at -$86.28 million (Q1 2026), -$73.69 million (Q4 2025) and -$69.97 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,132.34 Bn | 1,100.93 Bn | 19.71 Bn | 7.95 Bn |
| 2 | Johnson & Johnson | 615.91 Bn | 534.44 Bn | 17.26 Bn | 10.12 Bn |
| 3 | AbbVie | 505.47 Bn | 478.59 Bn | 12.70 Bn | 10.56 Bn |
| 4 | Merck | 368.25 Bn | 322.63 Bn | 12.21 Bn | 12.80 Bn |
| 5 | Novartis Ag | 298.18 Bn | 262.17 Bn | 11.24 Bn | 6.09 Bn |
| 6 | Astrazeneca | 261.66 Bn | 235.34 Bn | 12.86 Bn | 9.70 Bn |
| 7 | Amgen | 236.22 Bn | 191.62 Bn | 7.24 Bn | 6.54 Bn |
| 8 | Gilead Sciences | 190.68 Bn | 164.87 Bn | 6.22 Bn | 18.20 Bn |
| 9 | Pfizer | 170.14 Bn | 116.79 Bn | 10.94 Bn | 6.68 Bn |
| 10 | Immatics | 942.69 Mn | -1.08 Bn | - | -88.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -88.74 Mn |
| Mar 31, 2026 | -86.28 Mn |
| Dec 31, 2025 | 473.45 Mn |
| Sep 30, 2025 | -69.97 Mn |
| Jun 30, 2025 | -65.52 Mn |
| Mar 31, 2025 | -56.78 Mn |
| Dec 31, 2024 | 356.57 Mn |
| Sep 30, 2024 | -54.98 Mn |
| Jun 30, 2024 | -48.83 Mn |
| Mar 31, 2024 | -47.53 Mn |
| Dec 31, 2023 | 290.59 Mn |
| Sep 30, 2023 | -42.87 Mn |
| Jun 30, 2023 | -39.94 Mn |
| Mar 31, 2023 | -39.89 Mn |
| Dec 31, 2022 | 253.24 Mn |
| Sep 30, 2022 | -37.30 Mn |
| Jun 30, 2022 | -36.17 Mn |
| Mar 31, 2022 | -38.63 Mn |
| Dec 31, 2021 | -36.38 Mn |
| Sep 30, 2021 | -34.78 Mn |
API Access
Immatics Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=IMTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "IMTX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=IMTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();