Inmune Bio, Inc. (INMB) intrinsic value & 10-year financials

Inmune Bio, Inc. (INMB) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 35.6% a year to $50.0K, with an average return on invested capital of -137.4%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.57
Market cap
$38.9M
Revenue (FY2025)
$50.0K
Revenue growth (10-yr CAGR)
35.6%
ROIC (10-yr avg)
-137.4%
Free cash flow (FY2025)
-$23.6M

INMB 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $50.0K -$45.9M -$1.86 -$23.6M -94766.0% -358.8%
FY2024 $14.0K -$42.1M -$2.11 — -304535.7% -220.2%
FY2023 $155.0K -$30.0M -$1.67 — -19187.7% -171.6%
FY2022 $374.0K -$27.3M -$1.52 — -6938.8% -124.4%
FY2021 $181.0K -$30.3M -$1.88 — -16106.6% -161.3%
FY2020 $10.9K -$12.1M — — -112016.1% -71.8%
FY2019 — -$7.7M — — — -45.8%
FY2018 $0 -$12.4M — — — -71.8%
FY2017 $0 -$831.5K — — — -10.9%
FY2016 — — — — — —

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

Executive summary

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

Inmune Bio, Inc. has historically struggled to out-earn its cost of capital, averaging just -35.9% ROIC.

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

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Inmune Bio, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-61.78 per share.

INMB stock: frequently asked questions

What is the intrinsic value of Inmune Bio, Inc. (INMB) stock?

Graham's formula only works with positive earnings. Inmune Bio, Inc. reported diluted EPS of -$1.86 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Inmune Bio, Inc. generate free cash flow?

Inmune Bio, Inc. generated -$23.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 1 reported years.

What is INMB's return on invested capital?

Average ROIC over the last 10 fiscal years was -137.4%, and average return on equity was -66.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this INMB data come from?

From Inmune Bio, 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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