Immuneering (IMRX) Cash Flow: Operating & Free Cash Flow

Immuneering Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Immuneering Corporation (IMRX) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Operating Activities
Net Income	-56.02	-61.04	-53.47	-50.51	-33.54	-17.04	-7.71
Depreciation & Amortization	0.35	0.39	0.35	0.28	0.16	0.08	0.02
Deferred Income Tax	0.00	0.00	0.00	0.00	-0.31	0.00	0.00
Stock Based Compensation	6.31	6.50	5.73	4.06	1.80	1.09	0.60
Change in Working Capital	3.82	-0.93	-0.97	1.72	0.90	1.25	0.44
Change in Accounts Receivable	0.00	0.00	0.01	0.23	0.28	-0.29	0.61
Change in Accounts Payable	-0.40	-0.11	-1.11	1.76	-0.13	1.19	0.27
Change in Other Working Capital	1.33	-0.81	0.12	-0.75	0.75	0.36	-0.45
Other Operating Activities	0.19	0.08	-0.60	0.35	0.13	0.00	2.22
Net Cash from Operating Activities	-45.34	-55.00	-48.97	-44.10	-30.85	-14.62	-4.44
Investing Activities
Capital Expenditures	-0.14	-0.08	-0.34	-0.74	-0.06	-0.05	-0.02
Acquisitions	0.00	0.00	0.00	0.00	0.07	0.00	0.00
Purchases of Investments	-88.60	-5.41	-44.66	-50.10	-75.63	0.00	0.00
Sales/Maturities of Investments	0.00	31.93	52.30	92.68	75.62	0.00	0.00
Other Investing Activities	0.00	0.00	0.00	0.00	-75.62	0.00	0.00
Net Cash from Investing Activities	-88.74	26.43	7.30	41.83	-75.62	-0.05	-0.02
Financing Activities
Debt Repayment	0.00	0.00	0.00	0.00	0.00	0.00	3.83
Common Stock Issued	230.31	4.24	28.20	0.30	120.32	0.00	0.00
Other Financing Activities	-3.93	1.07	0.24	-0.28	23.95	37.98	13.35
Net Cash from Financing Activities	226.58	5.30	28.44	0.02	144.26	37.98	17.17
Summary
Net Change in Cash	92.50	-23.26	-13.23	-2.25	37.80	23.31	12.71
Cash at Beginning of Period	36.14	59.41	72.64	74.89	37.09	13.78	1.07
Cash at End of Period	128.65	36.14	59.41	72.64	74.89	37.09	13.78
Free Cash Flow	-45.49	-55.08	-49.31	-44.84	-30.91	-14.67	-4.46

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Immuneering Cash Flow

What is Immuneering's free cash flow?

Immuneering had negative free cash flow of $45.49M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$45.34M minus $142.23K of capital expenditures.

How much does Immuneering spend on capital expenditures?

Immuneering spent $142.23K on capital expenditures in fiscal 2025, compared with $84.88K a year earlier.

Does Immuneering pay dividends or buy back shares?

Immuneering's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition