IMMUNIC, Inc. (IMUX) intrinsic value & 10-year financials

IMMUNIC, Inc. (IMUX) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$6.97
Market cap
$1.1B
Revenue (FY2025)
—
ROIC (10-yr avg)
380.4%
Free cash flow (FY2025)
-$86.0M

IMUX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$97.2M -$0.62 -$86.0M — 529.0%
FY2024 — -$100.5M -$1.00 -$85.0M — 589.8%
FY2023 — -$93.6M -$2.11 -$71.2M — 2041.0%
FY2022 — -$120.4M -$3.78 -$65.3M — -493.8%
FY2021 — -$92.9M -$3.93 -$83.3M — -255.2%
FY2020 — -$44.0M -$2.81 -$46.3M — -143.1%
FY2019 $0 -$34.9M — -$28.6M — -243.8%
FY2018 $0 -$41.5M — -$43.8M — 1083.7%
FY2017 — -$52.1M — -$41.1M — 766.1%
FY2016 — -$41.0M — -$36.3M — -70.1%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

IMMUNIC, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

IMMUNIC, INC. has historically struggled to out-earn its cost of capital, averaging just -11.4% ROIC.

IMMUNIC, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

IMMUNIC, INC. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

IMUX stock: frequently asked questions

What is the intrinsic value of IMMUNIC, Inc. (IMUX) stock?

Graham's formula only works with positive earnings. IMMUNIC, Inc. reported diluted EPS of -$0.62 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does IMMUNIC, Inc. generate free cash flow?

IMMUNIC, Inc. generated -$86.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 10 reported years.

What is IMUX's return on invested capital?

Average ROIC over the last 10 fiscal years was 380.4%, and average return on equity was -281.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this IMUX data come from?

From IMMUNIC, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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