Inmune Bio, Inc. (INMB) FY2024 10-K Annual Report

Filed: Mar 27, 2025
Health Care
Biological Products, (No Diagnostic Substances)SEC EDGAR

Inmune Bio, Inc. (INMB) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 27, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Inmune Bio, Inc. FY2024 10-K Analysis

Business Overview

  • Core business: Develops innate immune system-targeted biologic therapies for cancer, neurodegenerative diseases, and rare pediatric disorders
  • NEW emphasis: Added CORDStrom stem cell product for recessive dystrophic epidermolysis bullosa (RDEB), pivotal trial complete, plans BLA filing in US 2025-2026
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Management Discussion & Analysis

  • Net loss $42.1M FY2024 vs $30.0M FY2023; cash $20.9M FY2024 vs $35.8M FY2023, cash burn increasing
  • R&D expense $33.2M FY2024 vs $20.3M FY2023, driven by DN-TNF Alzheimer’s $23.8M and INKmune/CORDStrom $4.6M
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Risk Factors

  • Regulatory risk FDA approval delays or non-approval; potential loss of priority or accelerated review, impacting time-to-market for product candidates
  • Macroeconomic risk capital depletion risk; cash $20.9M as of Dec 31, 2024 vs $35.8M in 2023 with $42.1M net loss in 2024 risking going concern status
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Inmune Bio, Inc. FY2024 Key Financial Metrics
XBRL

Revenue

$14,000

-91.0% YoY

Net Income

-$42M

-40.2% YoY

Operating Margin

-304535.7%

-28534797bp YoY

Net Margin

-300585.7%

-28122571bp YoY

ROE

-131.1%

-5074bp YoY

Total Assets

$40M

-30.6% YoY

EPS (Diluted)

$-2.11

-26.3% YoY

Operating Cash Flow

-$33M

-178.5% YoY

Source: XBRL data from Inmune Bio, Inc. FY2024 10-K filing on SEC EDGAR. All figures in USD.

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