Immatics N.V. (IMTX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -42.73M | -57.64M | -44.7M | -39.05M | -34.21M | -58.48M | -33.73M | -33.22M | -32.6M | 79.08M | -30.53M | -6.61M | -23.71M | -31.45M | -32.14M | 54.62M | 109.1M | -26.61M | -18.57M | -19.95M |
| Operating CF Margin % | -561.41% | -291.7% | -861.77% | -824.47% | -184.08% | -103.95% | -66.71% | -177.13% | -107.09% | 496.68% | -515.12% | -29.56% | -242.09% | -83.53% | -213.43% | 317.28% | 106.02% | -169.22% | -288.19% | -384.37% |
| Operating CF Growth % | -24.93% | 1.42% | -32.53% | -17.56% | -4.91% | -173.95% | -10.49% | -402.72% | -37.49% | 351.45% | 5.03% | -112.1% | -121.74% | -18.17% | -73.1% | 373.85% | 754.99% | -3.38% | 61.44% | -7398.12% |
| Net Income | -58.76M | -35.36M | -52.67M | -70.35M | -39.85M | 44.86M | -8.57M | -18.02M | -3.07M | -26.15M | -26.49M | -24.61M | -19.75M | -13.23M | -20.94M | -13.98M | 85.66M | -16.79M | -31.14M | -23.81M |
| Depreciation & Amortization | 2.82M | 3.14M | 3.06M | 3.03M | 3.14M | 3.08M | 3.03M | 3.1M | 3.03M | 1.8M | 1.77M | 1.85M | 1.81M | 1.75M | 1.81M | 1.77M | 1.64M | 1.29M | 1.7M | 1.17M |
| Stock-Based Compensation | 0 | 0 | 3.24M | 4.14M | 4.33M | 4.53M | 4.51M | 0 | 4.3M | 4.41M | 4.68M | 5.51M | 6.1M | 5.84M | 5.46M | 5.56M | 5.7M | 4.73M | 5.4M | 7.97M |
| Deferred Taxes | 52.85K | 2.12M | 0 | -1M | -994K | -1.59M | 6.22M | 171K | 0 | 7.64M | -668K | 14.84M | 0 | 0 | 558K | 1.15M | 0 | 1.43M | 9.58M | -134K |
| Other Non-Cash Items | -568.19K | 2.17M | 3.67M | 21.19M | 15.03M | -38.07M | 5.22M | 1.2M | -7.89M | -4.64M | -3.77M | -2.54M | -5.2M | 15.84M | -7.05M | 1.73M | -16.4M | 322K | 58K | 32K |
| Working Capital Changes | 13.73M | -29.7M | -2.01M | 3.94M | -15.85M | -71.28M | -44.14M | -19.67M | -28.96M | 96.02M | -6.04M | -1.66M | -6.68M | -41.65M | -11.99M | 58.39M | 32.5M | -17.6M | -4.17M | -5.17M |
| Change in Receivables | 1.98M | -2.88M | -1.24M | 3.64M | 257K | -2.91M | -141K | -1.05M | 2.33M | -3.58M | -185K | -99K | 880K | 28K | -177K | -219K | -61K | 44K | -7K | -144K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -99.21M | 5.91M | 2.2M | 7.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 10.57M | -22.32M | 0 | 0 | 0 | 0 | 0 | -16.64M | -31.86M | 99.21M | -5.91M | -2.2M | -7.71M | -40.33M | -12.19M | 65.28M | 32.8M | -17.55M | -2.87M | -4.72M |
| Cash from Investing | -28.55M | -29.58M | 122.65M | 64.25M | 46.81M | -47.41M | 67.01M | 69.83M | -241.82M | 59.74M | -70.57M | -16.84M | -3.72M | -90.2M | -71.06M | -54.36M | 5.84M | -1.83M | 19.63M | -12.87M |
| Capital Expenditures | -775.55K | -994.28K | -1.08M | -1.43M | -3.08M | -1.67M | -2.8M | -2.62M | -9.23M | -9.29M | -6.51M | -10.83M | -4.33M | -2.6M | -1.64M | -813K | -1.16M | -1.89M | -1.46M | -1.73M |
| CapEx % of Revenue | 10.19% | 5.03% | 20.92% | 30.15% | 16.55% | 2.98% | 5.54% | 13.99% | 30.31% | 58.37% | 109.79% | 48.46% | 44.15% | 6.92% | 10.88% | 4.72% | 1.13% | 12.04% | 22.69% | 33.36% |
| Acquisitions | 24.39K | -46.75K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -419.94K | 4K | 146K | -598K | 0 | 0 | -67.66M | 0 | 16.89M | -97K | -384K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | -130K | -13K | -59K | 1K | -146K | -232.64M | 569.94K | -4K | -146K | 598K | -1K | 52K | 67.66M | 1K | -16.89M | 89K | 388K |
| Cash from Financing | 21.32M | 98.63M | -734K | -727K | -737K | 146.36M | -753K | -566K | 174.65M | -972K | 49.9M | 36.45M | -866K | 105.49M | 3.02M | 15.89M | -689K | -586K | -679K | -866K |
| Debt Issued (Net) | 0 | 0 | -738K | -736K | -737K | -784K | -831K | -921K | 524K | -972K | -1.01M | -1M | -866K | -681K | -768K | -705K | -689K | -605K | -754K | -866K |
| Equity Issued (Net) | 22.09M | 99.36M | 4K | 9K | 0 | 168.46M | 78K | -11.19M | 185.67M | 0 | 51.8M | 38.61M | 0 | 113.47M | 3.9M | 17.11M | 0 | 19K | 75K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -772.5K | -732.15K | 0 | 0 | 0 | -21.31M | 0 | 11.55M | -11.55M | 0 | -882K | -1.16M | 0 | -7.3M | -111K | -515K | 0 | 0 | 0 | 0 |
| Net Change in Cash | -51.32M | 10.83M | 78.29M | 13.79M | 6.1M | 47.55M | 31.06M | 36.03M | -96.45M | 135.03M | -46.96M | 12.49M | -30.6M | -29.53M | -87.08M | 17.81M | 114.32M | -28.3M | 1.2M | -35.24M |
| Free Cash Flow | -43.51M | -58.58M | -45.78M | -40.61M | -37.34M | -60.21M | -36.53M | -35.99M | -42.03M | 69.78M | -37.03M | -17.44M | -28.04M | -34.05M | -33.78M | 53.81M | 107.94M | -28.51M | -20.03M | -21.68M |
| FCF Margin % | -571.6% | -296.45% | -882.69% | -857.36% | -200.95% | -107.04% | -72.25% | -191.89% | -138.03% | 438.31% | -624.91% | -78.02% | -286.24% | -90.45% | -224.31% | 312.56% | 104.89% | -181.26% | -310.88% | -417.73% |
| FCF Growth % | -16.52% | 2.7% | -25.34% | -12.85% | 11.15% | -186.28% | 1.36% | -106.35% | -49.88% | 304.92% | -9.62% | -132.41% | -125.98% | -19.46% | -68.65% | 348.23% | 726.56% | -4.35% | 59.58% | -792.38% |
| FCF per Share | -0.32 | -0.46 | -0.38 | -0.33 | -0.31 | -0.56 | -0.33 | -0.34 | -0.43 | 0.82 | -0.44 | -0.23 | -0.37 | -0.50 | -0.51 | 0.83 | 1.70 | -0.45 | -0.32 | -0.34 |
| FCF Conversion (FCF/Net Income) | 0.73x | 1.61x | 0.88x | 0.56x | 0.86x | -1.30x | 3.94x | 1.84x | 10.61x | -3.02x | 1.15x | 0.27x | 1.57x | 2.37x | 1.54x | -3.91x | 1.27x | 1.59x | 0.68x | 0.84x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |