Immatics (IMTX) Balance Sheet: Assets & Liabilities

Immatics (IMTX) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Immatics reported total assets of EUR 562.10M and total liabilities of EUR 78.20M. Shareholders' equity was EUR 483.89M, down 15.8% from EUR 574.84M a year earlier. Total debt stood at EUR 18.39M against EUR 469.14M in cash and short-term investments, a net cash position of EUR 450.75M. That puts debt-to-equity at 0.04, compared with 0.03 a year earlier.

Immatics Balance Sheet Analysis

Values in billions EUR

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Immatics N.V. (IMTX) - Annual data in billions EUR
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Current Assets
Cash and Cash Equivalents	0.35	0.24	0.22	0.15	0.13	0.21	0.10	0.04
Short-Term Investments	0.12	0.37	0.21	0.21	0.01	0.02	0.02	0.01
Cash & Short-Term Investments	0.47	0.60	0.43	0.36	0.15	0.23	0.12	0.05
Accounts Receivable	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.03	0.02	0.02	0.01	0.01	0.00	0.00	0.00
Total Current Assets	0.50	0.63	0.45	0.38	0.15	0.24	0.12	0.06
Non-Current Assets
Property, Plant & Equipment (Net)	0.05	0.06	0.06	0.03	0.02	0.01	0.01	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Current Assets	0.06	0.07	0.06	0.03	0.02	0.02	0.01	0.01
Total Assets	0.56	0.70	0.51	0.41	0.17	0.25	0.13	0.06
Current Liabilities
Accounts Payable	0.00	0.01	0.01	0.01	0.01	0.00	0.00	0.00
Short-Term Debt	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Liabilities	0.02	0.01	0.02	0.01	0.01	0.00	-	-
Deferred Revenue	0.02	0.04	0.10	0.06	0.05	0.05	0.06	0.02
Other Current Liabilities	0.02	0.02	0.04	0.03	0.03	0.03	0.00	0.00
Total Current Liabilities	0.04	0.07	0.16	0.11	0.10	0.08	0.07	0.03
Non-Current Liabilities
Long-Term Debt	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00
Deferred Tax Liabilities	0.00	0.01	0.01	0.01	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.00	0.00	0.00	0.09	0.05	0.00	0.00	0.00
Total Non-Current Liabilities	0.04	0.05	0.14	0.10	0.06	0.09	0.11	0.04
Total Liabilities	0.08	0.12	0.29	0.20	0.15	0.17	0.18	0.07
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-0.79	-0.59	-0.60	-0.51	-0.54	-0.44	-0.23	-0.20
Accumulated Other Comprehensive Income	-0.01	0.00	0.00	0.00	0.00	-0.01	0.00	0.00
Additional Paid-in Capital	1.28	1.16	0.82	0.71	0.57	0.54	0.19	0.19
Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	0.13	0.12	0.08	0.08	0.06	-	-	-
Total Stockholders' Equity	0.48	0.57	0.22	0.20	0.02	0.09	-0.04	-0.01
Total Liabilities & Equity	0.56	0.70	0.51	0.41	0.17	0.25	0.13	0.06

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

Frequently Asked Questions About Immatics Balance Sheet

How much debt does Immatics have?

Immatics had total debt of EUR 18.39M as of Dec 31, 2025, against EUR 469.14M in cash and short-term investments. Its debt-to-equity ratio was 0.04. Total debt was EUR 16.20M a year earlier.

What are Immatics's total assets?

Immatics reported total assets of EUR 562.10M as of Dec 31, 2025, down 19.3% from EUR 696.15M a year earlier. Total liabilities were EUR 78.20M.

What is Immatics's shareholders' equity?

Immatics's shareholders' equity was EUR 483.89M as of Dec 31, 2025, or about EUR 3.61 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition