Immutep Limited
NASDAQ•IMMP
CEO: Mr. Marc Voigt
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2012-04-19
Immutep Limited, a late-stage biotechnology company, engages in developing novel LAG-3 related immunotherapies for cancer and autoimmune diseases in Australia. Its lead product candidate is the eftilagimod alpha (efti or IMP321), a soluble LAG-3lg fusion based, which is in clinical development for the treatment of different types of cancers. The company's product pipeline also includes TACTI-004, which is in phase III clinical trial for the treatment of first line non-small cell lung cancer (1L NSCLC); TACTI-003, which is in phase IIb clinical trial to treat first line head and neck squamous cell carcinoma (HNSCC); TACTI-002, which in phase II trial for the treatment NSCLC and HNSCC; AIPAC-003, which is in phase II/III clinical trial to treat metatastic breast cancer; and EFTISARC-NEO, which is in phase II clinical trial for the treatment of soft tissue sarcoma. In addition, it develops INSIGHT-003, which is in phase I to treat 1L NSCLC and solid tumors; INSIGHT-005, which is in phase I to treat metastatic urothelial cancer; IMP761, which is in preclinical trial to treat autoimmune disease; and IMP731 and IMP701 which is in clinical development. Further, the company develops LAG525, which is in phase II clinical trial to treat solid tumors and blood cancer, triple negative breast cancer, and melanoma; and in phase I to treat triple negative breast cancer. Immutep has collaboration with Merck & Co., Inc., GlaxoSmithKline, EOC Pharma, Novartis, and Laboratory Corporation of America Holdings. The company was formerly known as Prima BioMed Ltd and changed its name to Immutep Limited in November 2017. The company was incorporated in 1987 and is based in Sydney, Australia.
Contact Information
Australia Square, Level 32 264 George Street, Sydney, NSW, 2000, Australia
61-2-8315-7003
Market Cap
$388.59M
P/E (TTM)
-6.3
19.9
Dividend Yield
--
52W High
$3.53
52W Low
$1.32
52W Range
Rank62Top 92.6%
1.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q2 2026 Data
Revenue
$3.95M+0.00%
4-Quarter Trend
EPS
-$0.20+0.00%
4-Quarter Trend
FCF
-$18.50M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Total Income Increased Total revenue and other income reached A$10.33M, marking a 31.7% increase over the prior period's A$7.84M total.
R&D Spending Rises R&D and IP expenses increased to A$61.41M, reflecting significant investment in ongoing clinical trials and pipeline advancement.
Phase III Trial Initiated Registrational Phase III TACTI-004 trial commenced for lead candidate efti in first-line NSCLC setting, supported by FDA Fast Track status.
Cash Reserves Decline Cash and equivalents decreased to A$67.41M from A$161.79M due to A$62.05M net cash used in operating activities.
Risk Factors
Continued Operating Losses Net loss after tax widened to A$61.43M in fiscal 2025, continuing historical trend of negative cash flows since inception.
Future Financing Required Substantial additional funding is anticipated to be required to complete development and achieve commercialization goals; failure impacts operations.
Clinical Development Uncertainty Success hinges on uncertain outcomes of clinical trials for five product candidates, risking failure to achieve profitability or commercialization.
High R&D Cost Exposure Increased clinical trial costs drove R&D expenses up 47.8% to A$61.41M, significantly straining liquidity and cash runway.
Outlook
Prioritize TACTI-004 Trial Focus remains on advancing efti in the registrational Phase III TACTI-004 trial for first-line NSCLC indication.
Advance Other Candidates Continue development efforts for IMP761, the first LAG-3 agonist, targeting autoimmune disease indications, with Phase I data expected.
Expect Ongoing Losses Expect substantial and increasing losses for several years while expanding development activities toward regulatory approval and commercialization.
Manufacturing Scale Achieved Successfully scaled efti manufacturing process to 2,000L commercial scale, supporting late-stage clinical trial demands and future supply.
Peer Comparison
Revenue (TTM)
$216.11M
$49.97M
$46.38M
Gross Margin (Latest Quarter)
100.0%
100.0%
100.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CAPR | $1.18B | -14.4 | -71.0% | 11.5% |
| ALLO | $568.57M | -2.6 | -57.8% | 19.4% |
| VNDA | $463.41M | -2.1 | -49.2% | 2.6% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
51.3%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Deep Research
Next earnings:Sep 2, 2026
EPS:-$0.13
|Revenue:$5.61M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data