Innate Pharma S.A. Sponsored ADR

IPHA

Healthcare Biotechnology

Innate Pharma S.A. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $10.2 million, down 53.2% from fiscal 2024.

1.44 0.04 +2.86%
Market cap
$160.9M
P/E
n/m
Fwd P/E
—
Dividend yield
—
F-score
0/9
ROIC
0.00%
Net debt / EBITDA
0.2×
Dividend safety
n/a

Insider Decisions last twelve months

Net bought
—
Trades
0 sells · 0 buys
Ownership
62.1%

Capital & Financial Ratios $m

Size
Market Cap 161
Revenue ttm 93
Net income ttm (156)
Free cash flow ttm (128)
Net debt Q 11
Valuation
P/E n/m
Forward P/E —
Price / sales n/m
Forward P/S Powerpack
Price / FCF n/m
Price / book n/m
Financial health
Current ratio Q 0.6 (below 1: weak)
Debt / equity Q n/m
Interest coverage Q —
Growth
Revenue growth Q +246.3% (above 0%: growing)
Operating income growth Q —
EPS, this year +90.2% (at or above 15%: strong)
EPS, next year A −232.9% (below 0%: weak)
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A +10.1%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 100 87 39 13
Receivables 60 5 14 10
Inventory — — — —
Other — — — —
160 93 53 23
2023 2024 2025 Q'26
Payables 18 17 17 13
ST’ Debt 10 9 10 13
Other 8 8 11 12
43 36 41 38

Compound Annual Growth %

10y 5y 3y
Sales — (33.86%) (44.86%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (0.62)
’24 — — — — (0.66)
’23 — — — — (0.10)
’22 — — — — (0.77)
’21 — — — — (0.78)
’20 — — — — (0.93)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 10
’24 — — — — 22
’23 — — — — 67
’22 — — — — 61
’21 — — — — 29
’20 — — — — 80
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (60)
’24 — — — — (7)
’23 — — — — (35)
’22 — — — — (20)
’21 — — — — (69)
’20 — — — — (59)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — (25) — — —
’25 — (35) — (60) (60)
’24 — 3 — (8) (8)
’23 — (13) — (35) (38)
’22 — 1 — (21) (21)
’21 — (38) — (70) (71)
’20 — (64) — (60) (72)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 59 39 111 96 80 29 61 67 22 10 93 (17.7%) — — — —
Gross margin, % 0.00 0.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.00 +100.0 pt
EBT 4 (72) 3 (23) (73) (54) (61) (8) (54) (56) (107) n/m
EBT margin, % 6.87 (182.09) 2.89 (24.19) (90.82) (184.10) (100.52) (12.28) (245.87) (546.11) (114.65) (553.0) pt
Net income 13 0 4 (23) (73) (62) (61) (8) (54) (56) (156) n/m
Per share, $
Per share, $ Revenue 1.10 0.72 1.89 1.44 1.02 0.37 0.76 0.83 0.27 0.11 0.00 (22.3%)
Earnings 0.24 (1.07) 0.06 (0.35) (0.93) (0.78) (0.77) (0.10) (0.66) (0.62) (1.17) n/m
Cash flow (0.72) (1.04) (0.65) 0.58 (0.75) (0.87) (0.25) (0.44) (0.09) (0.67) 0.00 (0.9%)
Capex 0.00 0.00 (0.03) (1.09) (0.16) (0.02) (0.01) (0.03) (0.01) 0.00 0.00 n/m
Free cash flow (0.72) (1.04) (0.68) (0.51) (0.91) (0.89) (0.27) (0.47) (0.10) (0.67) 0.00 (0.9%)
Book value 1.68 1.91 3.36 3.64 2.26 1.60 0.72 0.70 0.12 (0.27) 0.00 n/m
Shares, m 54 54 59 67 79 80 80 80 81 90 — +5.8%
Valuation, ×
Valuation, × P/E 9.81 9.81 9.81 196.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22.6
P/S 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
EV/Sales 0.00 0.00 0.00 0.00 (1.04) (1.10) (0.94) (0.61) (0.58) (0.14) 0.12 (0.4)
EV/FCF 0.00 0.00 0.00 0.00 7.31 0.38 0.49 0.83 1.01 0.13 (0.08) 1.0
Cash, $m
Cash, $m Operating cash flow (39) (56) (38) 39 (59) (69) (20) (35) (7) (60) (127) +4.9%
Capex (10) (7) (2) (73) (13) (2) (1) (2) 0 0 (1) (36.8%)
Free cash flow (39) (56) (40) (34) (72) (71) (21) (38) (8) (60) (128) +4.9%
Balance, $m
Balance, $m Working capital 162 77 145 130 146 69 104 117 57 11 (15) (25.5%)
Net debt (204) (134) (193) (224) (151) (89) (62) (57) (54) (13) 11 (26.2%)
Shareholders’ equity 91 104 198 244 178 127 57 56 10 (25) (47) n/m
Returns, %
Returns, % ROA 4.41 (39.34) 0.87 (4.73) (18.26) (18.72) (22.86) (3.92) (33.51) (58.22) 0.00 (62.6) pt
ROIC 0.00 0.00 76.02 (97.88) (165.62) (93.83) 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE 13.70 (60.02) 2.39 (10.54) (34.67) (40.93) (66.48) (14.47) (162.88) 742.02 0.00 +728.3 pt
People
People Employees — — 157 235 245 215 211 179 181 163 — +0.5%
Revenue/emp, $m 0.00 0.00 0.71 0.41 0.33 0.14 0.29 0.37 0.12 0.06 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · fundamentals updated 2 Nov 2026

Innate Pharma S.A. Sponsored ADR vs peers in Biotechnology (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PEPG PepGen, Inc. $171.1M — (loss-making) — — n/m +33.02% (above 0%: growing) 0.00% 0.00% Compare
CNTN Canton Strategic Holdings, Inc. $164.1M — (loss-making) — — n/m −600.39% (below 0%: shrinking) 100.00% (80.37%) Compare
ZNTL Zentalis Pharmaceuticals, Inc. $162.8M — (loss-making) — (loss-making) — n/m −9.06% (below 0%: shrinking) 100.00% 0.00% Compare
IPHA Innate Pharma S.A. Sponsored ADR $160.9M — (loss-making) — +246.29% (above 0%: growing) +106.08% (above 0%: growing) −929.03% (below 0%: shrinking) 0.00% 0.00%
ORMP Oramed Pharmaceuticals Inc. $160.6M 0.9× 0.9× +193.26% (above 0%: growing) +493.75% (above 0%: growing) +94.29% (above 0%: growing) 0.65% 0.00% Compare
ALXO ALX Oncology Holdings Inc. $159.7M — (loss-making) — (loss-making) −100.00% (below 0%: shrinking) n/m +31.65% (above 0%: growing) 0.00% 0.00% Compare
STRO Sutro Biopharma, Inc. $159.5M — (loss-making) — (loss-making) −84.57% (below 0%: shrinking) n/m +14.55% (above 0%: growing) 100.00% (303.77%) Compare
ANTX AN2 Therapeutics, Inc. $150.9M — (loss-making) — — n/m +7.91% (above 0%: growing) 0.00% 0.00% Compare
INO Inovio Pharmaceuticals, Inc. $125.6M — (loss-making) — (loss-making) −83.19% (below 0%: shrinking) n/m +13.41% (above 0%: growing) 100.00% 0.00% Compare
Median of peers $160.1M — — −83.88% — +13.98% 50.33% 0.00%

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stockrow.com/IPHA · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com