profit from every $100 of sales.
$0$100
Immunocore Holdings
$31.65-2.25% today
-10.1% in 1 year
1-year low $27.791-year high $40.22
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Immunocore Holdings sold, what it kept, and what it did with the cash.
Sales went from $174 million in 2022 to $400 million in 2025, with -$35.5 million of profit last year.
SalesProfit
Immunocore Holdings vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Immunocore Holdings | No profit yet | ||
 Vertex Pharmaceuticals | 35.1× · Expensive | ||
 Moderna | No profit yet | ||
 Regeneron Pharmaceuticals | 22.0× · Fair price | ||
 CSL | 22.1× · Fair price |
AI analysis
An AI analyst reads Immunocore Holdings's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 174 | 249 | 310 | 400 | |
| 173 | 248 | 307 | 395 | |
| -52 | -60 | -70 | -45 | |
| -30 | -52 | -30 | -4 | |
| -53 | -55 | -51 | -36 | |
| -1.09 | -1.13 | -1.02 | -0.71 | |
| 99.4% | 99.6% | 99.1% | 98.7% | |
| -29.7% | -23.9% | -22.7% | -11.3% | |
| -30.1% | -22.2% | -16.5% | -8.9% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 527 | 597 | 1,010 | 1,067 |
| Cash | 402 | 443 | 456 | 468 |
| Total debt | 81 | 85 | 433 | 437 |
| Total liabilities | 188 | 228 | 649 | 686 |
| 339 | 369 | 361 | 381 | |
| 46 | 49 | 50 | 50 | |
| -6.7% | -9.7% | -3.4% | -0.7% | |
| -15.5% | -15.0% | -14.2% | -9.3% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -49 | 3 | 26 | -11 | |
| 2 | 5 | 5 | 4 | |
| -51 | -2 | 21 | -15 | |
| Dividends paid | 0 | – | – | – |
| – | – | – | – | |
| 33 | 32 | 34 | 38 |
Valuation
- –
- –
- –
- 3.8×
- 4.1×
- –
- –
- -0.9%
- -2.2%
- 0.0%
Profitability
- 98.7%
- -11.3%
- -8.9%
- -0.5%
- -3.5%
- -15.2%
- -4.8%
- -1.8%
- -3.5%
- 67.2%
Growth
- +31.9%
- –
- −153.6%
- –
- +4.3%
Financial health
- -8.5×
- 0.11
- 3.9%
- -2.4×
- 4.18
- 4.15
- 0.36
How it ranks in Healthcare
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 29%of 958
Bottom 14%of 888
Top 17%of 889
Bottom 33%of 987
What analysts expect
- Average price target
- $43.00
- Range
- $36.00 – $55.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | 0.25 | -0.26 | +196.2% |
| Feb 25, 2026 | -0.60 | -0.28 | −114.3% |
| Nov 6, 2025 | 0.02 | -0.30 | +105.2% |
| Aug 7, 2025 | -0.20 | -0.21 | +4.8% |
| May 7, 2025 | 0.10 | -0.35 | +128.6% |
| Feb 26, 2025 | -0.47 | -0.31 | −51.6% |
| Nov 6, 2024 | 0.17 | -0.35 | +148.6% |
| Aug 8, 2024 | -0.23 | -0.45 | +48.9% |
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
36No pass
Benjamin Graham
41No pass
Philip Fisher
48No pass
Peter Lynch
72Pass
Joel Greenblatt
2No pass
Charlie Munger
33No pass
Terry Smith
33No pass
Questions about Immunocore Holdings
Is Immunocore Holdings a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Immunocore Holdings AI analysis
What does Immunocore Holdings do?
Immunocore Holdings plc, a commercial-stage biotechnology company, engages in the development of immunotherapies for the treatment of cancer, infectious, and autoimmune diseases. It is in Biotechnology.
Does Immunocore Holdings pay a dividend?
No. Immunocore Holdings does not pay a dividend at the moment.
Is Immunocore Holdings stock halal?
Questionable. Immunocore Holdings sits in a grey zone: short-term investments may earn interest; type not reported. How we check
How has Immunocore Holdings stock done over the past year?
Down 10.1% over the past twelve months, to $31.65. It traded between $27.79 and $40.22 and is 21.3% below its high.
Who are Immunocore Holdings's competitors?
The largest listed companies in the same industry are Vertex Pharmaceuticals, Moderna, Regeneron Pharmaceuticals and CSL. The peers table on this page compares their profit, growth and price with Immunocore Holdings's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.