A company still losing money with growing sales, with elevated risk.
Going well
Sales up 257% last year
Watch out for
About 13 months of cash left at its current burn
Share count growing 11.4% a year (dilution)
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions cut 19% from their holdings in the quarter ending June 2026 (50 bought, 42 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$1.42-2.7% that day
Company value
$39M
Share price times all shares
Cash vs value
47%
A big cushion: cash is a large part of what the company is worth
Debt vs value
38%
Debt as a share of company value
From INMB's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
Not reported
Sep '23Tap a barJun '26
Over 5 years, sales grew about 35% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of INMB. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$0M
Profit in 5 years$0M
Price these guesses point to$0.01-100% vs $1.42 todayAbout -66% a year, before dividends
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-165.4%
MissDebt under half of equityNot relying on borrowed money.0.64x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissProfitable every yearSteady profits, not one good year.0 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$23.6M
MissShare count not growingNot diluting owners. Falling means buybacks.+38.1% in 3 years
Revenue
$50K
+257.1% vs prior year
5-year growth
+35.4%/yr
revenue, per year
Total debt
$15.0M
0.64x equity
Current ratio
3.55x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Oct 30, 2025
EPS
-$0.05
vs -$1.05
Free cash flow
-$3.2M
Share count
+14.7%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
65/ 100
This week
1
Normal week
0.6
vs normal
1.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-18.9%
Institutions cut 18.9% from their holdings. 50 bought, 42 sold.
Shares held by institutions4.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+15.5%
Cash runwayAt last year's cash burn
10 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.7x · $15.0M debt
Shares outstandingLatest reported
28M
Why high risk
Losing money, losses are large next to sales
About 10 months of cash left at its current burn
Share count growing 15.5% a year (dilution)
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedOct 30, 2025
Results filedAug 7, 2025
Results filedMay 8, 2025
Results filedMar 27, 2025
Results filedNov 1, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.