Immunovant, Inc. (IMVT) intrinsic value & 10-year financials

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

Graham intrinsic value
—
Share price (Oct 17, 2026)
$26.73
Market cap
$4.9B
Revenue (FY2026)
—
ROIC (10-yr avg)
1000.6%
Free cash flow (FY2026)
-$407.3M

IMVT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 — -$505.6M -$2.77 -$407.3M — -64.8%
FY2025 — -$413.8M -$2.73 -$376.6M — 2350.3%
FY2024 — -$259.3M -$1.88 -$214.6M — 1641.4%
FY2023 — -$211.0M -$1.71 -$188.4M — 1147.6%
FY2022 — -$156.7M -$1.43 -$106.4M — 1073.5%
FY2021 — -$107.4M -$1.22 -$83.5M — 1661.7%
FY2020 — -$66.4M — -$53.4M — 1021.0%
FY2019 — -$28.6M — -$28.6M — -825.6%
FY2018 — — — — — —

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

Executive summary

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

Immunovant, Inc. returns on capital have been average, hovering around 14.8% ROIC over the decade.

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

Benjamin Graham lens

Immunovant, 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.

IMVT stock: frequently asked questions

What is the intrinsic value of Immunovant, Inc. (IMVT) stock?

Graham's formula only works with positive earnings. Immunovant, Inc. reported diluted EPS of -$2.77 in fiscal 2026, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Immunovant, Inc. generate free cash flow?

Immunovant, Inc. generated -$407.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 0 of the last 8 reported years.

What is IMVT's return on invested capital?

Average ROIC over the last 9 fiscal years was 1000.6%, and average return on equity was -158.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this IMVT data come from?

From Immunovant, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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