v3.25.4
Consolidated Statement of Cash Flows of Immatics N.V. - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net profit/(loss) € (196,447) € 15,218 € (94,649)
Taxes on income (1,989) 6,128 (2,345)
Profit/(loss) before tax (198,436) 21,346 (96,994)
Adjustments for:      
Interest income (17,179) (25,001) (13,845)
Depreciation and amortization 12,400 12,225 7,234
Interest expenses 946 886 831
Equity settled share-based payment 15,015 17,642 20,705
Net foreign exchange differences and expected credit losses 34,132 (18,706) 6,861
Change in fair value of liabilities for warrants (1,730) (17,264) 2,079
(Gains)/losses from disposal of fixed assets 750 1 (150)
Changes in:      
(Increase)/decrease in accounts receivables (242) (1,764) (2,982)
(Increase)/decrease in other assets (6,108) 727 1,573
Increase/(decrease) in deferred revenue, accounts payables and other liabilities (37,615) (149,743) 85,999
Interest received 26,817 15,605 10,167
Interest paid (946) (886) (290)
Income tax paid (9,163) (13,098) (2,960)
Income tax refunded 4,733    
Net cash provided by/(used in) operating activities (176,626) (158,030) 18,228
Cash flows from investing activities      
Payments for property, plant and equipment (6,558) (16,272) (30,799)
Payments for intangible assets (247) (208) (158)
Proceeds from disposal of property, plant and equipment   2 150
Payments for investments classified in Other financial assets (338,267) (450,349) (415,325)
Proceeds from maturity of investments classified in Other financial assets 549,859 314,440 414,744
Net cash (used in)/provided by investing activities 204,787 (152,387) (31,388)
Cash flows from financing activities      
Proceeds from issuance of shares to equity holders 107,310 343,010 90,404
Transaction costs deducted from equity (6,998) (21,314) (2,039)
Repayment of lease liabilities (2,959) (2,012) (3,849)
Net cash provided by/(used in) financing activities 97,353 319,684 84,516
Net increase/(decrease) in cash and cash equivalents 125,514 9,267 71,356
Cash and cash equivalents at beginning of the year 236,748 218,472 148,519
Effects of exchange rate changes and expected credit losses on cash and cash equivalents (16,344) 9,009 (1,403)
Cash and cash equivalents at end of the year € 345,918 € 236,748 € 218,472