Immatics (IMTX) Operating Expenses (2019 - 2025)

Immatics has disclosed Operating Expenses across 7 years of filings, most recently posting -$73.7 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at -$73.7 million, down 24.54% year-over-year; the trailing twelve-month figure through Dec 2025 was -$266.0 million (down 26.34% YoY), and the FY2025 annual result was -$265.5 million, down 27.73% from the prior year.
• Operating Expenses came in at -$73.7 million for Q4 2025 at Immatics, down from -$70.0 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$34.5 million in Q2 2021 to a low of -$73.7 million in Q4 2025.
• The 5-year median for Operating Expenses is -$41.4 million (2023), against an average of -$47.0 million.
• Across the five-year window, Operating Expenses plunged 86.6% in 2021 and dropped 1.74% in 2022, its largest moves.
• Immatics' Operating Expenses stood at -$36.4 million in 2021, then dropped by 5.41% to -$38.3 million in 2022, then slipped by 22.44% to -$47.0 million in 2023, then decreased by 26.02% to -$59.2 million in 2024, then declined by 24.54% to -$73.7 million in 2025.
• The last three Operating Expenses figures came in at -$73.7 million (Q4 2025), -$70.0 million (Q3 2025), and -$65.5 million (Q2 2025), per Business Quant data.