IMCR: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	400m	310m
Cost of revenue	5m	3m
Research and development	275m	222m
Selling, general and administrative	165m	156m
Operating income	−45m	−70m
Pre-tax income	−19m	−53m
Income tax	16m	−2m
Net income	−36m	−51m
Earnings per share	−0.71	−1.02
Earnings per share, diluted	−0.71	−1.02
Weighted average shares	50m	50m
Weighted average shares, diluted	50m	50m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	453m	468m	498m	488m	477m	456m	538m	505m
Short-term investments	392m	396m	394m	395m	360m	365m	364m	355m
Receivables	—	—	—	—	—	63m	64m	60m
Inventory	8m	7m	6m	5m	7m	5m	5m	3m
Current assets	1.00bn	997m	1.02bn	1.00bn	949m	930m	1.01bn	957m
Property, plant and equipment	12m	11m	9m	10m	10m	10m	9m	8m
Total assets	1.07bn	1.07bn	1.10bn	1.08bn	1.03bn	1.01bn	1.08bn	1.02bn
Current liabilities	240m	247m	170m	170m	149m	212m	266m	185m
Total liabilities	678m	686m	706m	694m	650m	649m	707m	664m
Equity	394m	381m	397m	388m	378m	361m	378m	359m
Shares outstanding	51m	51m	50m	50m	50m	50m	50m	50m
Shares issued	51m	51m	50m	50m	50m	50m	50m	50m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	−11m	26m
Depreciation and amortisation	3m	4m
Share-based compensation	38m	34m
Capital expenditure	4m	5m
Investing cash flow	−16m	−355m
Financing cash flow	12m	344m