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Immunocore Holdings (IMCR)

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Earnings summaries and quarterly performance for Immunocore Holdings.

Research analysts who have asked questions during Immunocore Holdings earnings calls.

ES

Eric Schmidt

Cantor Fitzgerald & Co.

6 questions for IMCR

Also covers: ADCT, AGIO, BEAM +11 more
RS

Rajan Sharma

Goldman Sachs Group, Inc.

6 questions for IMCR

Also covers: ARGX, AUTL, AZN +6 more
Jack Allen

Jack Allen

Robert W. Baird & Co.

5 questions for IMCR

Also covers: ACAD, ALLO, BLUE +8 more
JC

Jonathan Chang

Leerink Partners

5 questions for IMCR

Also covers: ADAP, GMAB, KPTI +10 more
Michael Schmidt

Michael Schmidt

Guggenheim Securities

5 questions for IMCR

Also covers: ADAP, ADCT, ARVN +20 more
TV

Tyler Van Buren

TD Cowen

5 questions for IMCR

Also covers: ADVM, ALLO, ARGX +13 more
Justin Zelin

Justin Zelin

BTIG, LLC

4 questions for IMCR

Also covers: BCAB, CASI, GLMD +9 more
Michael Yee

Michael Yee

Jefferies

4 questions for IMCR

Also covers: ABBV, ALLO, AMGN +19 more
NQ

Naureen Quibria

Capital One Securities

4 questions for IMCR

Also covers: CMRX, GLYC
Patrick Trucchio

Patrick Trucchio

H.C. Wainwright & Co.

4 questions for IMCR

Also covers: ALT, ARWR, ATAI +13 more
EL

Elias Lenard

JPMorgan Chase & Co.

3 questions for IMCR

Graig Suvannavejh

Graig Suvannavejh

Mizuho Securities

3 questions for IMCR

Also covers: ADAP, ADVM, ALEC +12 more
PL

Peter Lawson

Barclays PLC

3 questions for IMCR

Also covers: ADAP, ARVN, BPMC +15 more
AD

Ahu Demir

Ladenburg Thalmann & Co. Inc.

2 questions for IMCR

Also covers: CLRB, CYCC, SLRX
AJ

Avantika Joshi

Mizuho Securities

2 questions for IMCR

Also covers: BTAI, RAIN
Ethan Markowski

Ethan Markowski

Needham & Company

2 questions for IMCR

Also covers: TSHA
Gil Blum

Gil Blum

Needham & Company

2 questions for IMCR

Also covers: ABSI, AUTL, CELC +9 more
JS

James Shin

Analyst

2 questions for IMCR

Also covers: ABBV, AMGN, AUTL +7 more
Jeff Jones

Jeff Jones

Oppenheimer & Co. Inc.

2 questions for IMCR

Also covers: ABEO, CLRB, CMMB +8 more
Paul Jeng

Paul Jeng

Guggenheim Partners

2 questions for IMCR

Also covers: ADAP, BPMC, INCY +2 more
Sean Laaman

Sean Laaman

Morgan Stanley & Co.

2 questions for IMCR

Also covers: ACAD, ARGX, AXSM +8 more
Adam Ferrari

Adam Ferrari

J.P. Morgan

1 question for IMCR

Also covers: ALKS, BMRN, HALO
AD

Ahu Demir

Ladenburg Thalmann

1 question for IMCR

Also covers: AADI, CYCC, SLRX
AA

Albert Agustinus

Leerink Partners

1 question for IMCR

Also covers: KPTI, NVCR, RVMD
DD

David Dai

UBS Group AG

1 question for IMCR

Also covers: IOVA, KURA, SMMT +2 more
EF

Eva Fortea

Wells Fargo

1 question for IMCR

Also covers: KNSA
Faisal Khurshid

Faisal Khurshid

Leerink Partners

1 question for IMCR

Also covers: ABCL, ANIP, ASND +7 more
JH

Jeff Hung

Morgan Stanley

1 question for IMCR

Also covers: ACAD, ALEC, BHVN +10 more
JF

Jessica Fye

JPMorgan Chase & Co.

1 question for IMCR

Also covers: ALKS, ALNY, AMRN +23 more
RO

Romeo O'Connor

Trondkepen

1 question for IMCR

RO

Romy O'Connor

VLK

1 question for IMCR

Also covers: VALN
XD

Xiaochuan Dai

UBS

1 question for IMCR

Also covers: KURA, NBTX, SNDX

Recent press releases and 8-K filings for IMCR.

Immunocore Holdings Reports Q4 and Full-Year 2025 Financial Results and Provides Pipeline Update
IMCR
Earnings
Guidance Update
New Projects/Investments
  • Immunocore Holdings reported total net KIMMTRAK revenue of $400.0 million for FY 2025 and $104.5 million for Q4 2025, with the product achieving 15 consecutive quarters of growth.
  • The company recorded a net loss of ($35.5 million) and a net loss per share of ($0.71) for FY 2025.
  • For its pipeline, the TEBE-AM Phase 3 trial for 2L+ advanced cutaneous melanoma is expected to complete enrollment in 1H 2026, with topline data anticipated as early as 2H 2026.
  • Immunocore is also advancing other Phase 3 trials for melanoma (ATOM, PRISM-MEL-301) and expanding its pipeline into additional tumor types and non-oncology areas such as HIV, HBV, and Type 1 diabetes.
3 days ago
Immunocore Reports Strong 2025 KIMMTRAK Revenue and Pipeline Progress
IMCR
Earnings
Guidance Update
New Projects/Investments
  • Immunocore reported $400 million in net revenue from KIMMTRAK for the full year 2025, representing a 29% increase over the prior year.
  • The company maintains a strong financial position with approximately $864 million in cash and marketable securities as of year-end 2025.
  • Significant pipeline progress includes three ongoing Phase III trials: TEBE-AM (second-line cutaneous melanoma) with enrollment completion expected in the first half of 2026 and top-line data as early as the second half of 2026; ATOM (adjuvant uveal melanoma) expanding to U.S. sites in 2026; and PRISM-MEL-301 (first-line cutaneous melanoma) which selected the 160 microgram dose in December 2025.
  • For 2026, Immunocore anticipates moderating growth for KIMMTRAK sales, with R&D expenses expected to increase modestly year-over-year.
3 days ago
Immunocore Holdings Reports Strong 2025 KIMMTRAK Revenue and Pipeline Progress
IMCR
Earnings
Guidance Update
New Projects/Investments
  • Immunocore Holdings reported $400 million in net revenue from KIMMTRAK for the full year 2025, representing a 29% increase over the prior year.
  • The company's balance sheet remains strong with approximately $864 million in cash and marketable securities as of year-end 2025, an increase of over $40 million from the previous year.
  • Key pipeline advancements include TEBE-AM (second-line cutaneous melanoma) enrollment completion on track for the first half of 2026, with top-line data expected as early as the second half of 2026.
  • Immunocore is expanding its pipeline into new therapeutic areas, with the first patient in a Phase I study for its Type 1 Diabetes program expected to be dosed in the first half of 2026, and data from its HIV program anticipated in the second half of 2026.
  • For 2026, the company expects moderating growth for KIMMTRAK and anticipates R&D expenses to increase modestly year-over-year, with only incremental increases in SG&A.
3 days ago
Immunocore Reports Q4 and Full Year 2025 Results, Highlights Pipeline Progress
IMCR
Earnings
Guidance Update
New Projects/Investments
  • Immunocore reported $400 million in net revenue from KIMMTRAK for the full year 2025, marking a 29% year-over-year increase, and maintained a strong balance sheet with approximately $864 million in cash and marketable securities at year-end.
  • The company anticipates moderating growth for KIMMTRAK in 2026 due to significant market penetration, while expecting R&D expenses to increase modestly and SG&A expenses to see incremental increases for commercial preparations.
  • Immunocore is advancing three Phase III oncology trials, with TEBE-AM (second-line cutaneous melanoma) on track for enrollment completion in the first half of 2026 and top-line data expected as early as the second half of 2026.
  • The company is expanding its platform into infectious disease and autoimmune diseases, with the first patient in the Phase I Type 1 diabetes program expected to be dosed in the first half of 2026.
3 days ago
Immunocore Holdings plc Reports Q4 and Full Year 2025 Financial Results
IMCR
Earnings
Guidance Update
New Projects/Investments
  • Immunocore reported KIMMTRAK net sales of $104.5 million for Q4 2025 and $400.0 million for the full year 2025, with expectations of moderating revenue growth in 2026.
  • The company ended 2025 with cash, cash equivalents, and marketable securities totaling $864.2 million as of December 31, 2025.
  • For Q4 2025, Immunocore reported a net loss of $30.1 million and a basic and diluted loss per share of $0.60. The full year 2025 net loss was $35.5 million, with a loss per share of $0.71.
  • Key clinical pipeline updates include anticipated TEBE-AM enrollment completion in the first half of 2026 with topline data expected as early as the second half of 2026, and PRAME franchise Phase 1/2 data to be presented in the second half of 2026.
3 days ago
Immunocore Provides 2026 Pipeline and Commercial Growth Outlook
IMCR
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
  • Immunocore reported 14 consecutive quarters of growth for Kimmtrak, with 30% revenue growth in the first three quarters of 2025, and expects continued growth in 2026 through US penetration and global expansion, potentially increasing the eligible patient population from 1,000 to 6,000 with new indications.
  • The company anticipates key data readouts in the second half of 2026 for the Phase 3 TEBE-AM trial in second-line cutaneous melanoma, with enrollment completion expected in the first half of 2026.
  • Other significant pipeline milestones for 2026 include data for PRAME in ovarian and non-small cell lung cancer, and further dose escalation data for the HIV compound MTAV, both expected in the second half of 2026.
  • Immunocore ended 2025 with approximately $860 million in unaudited cash, demonstrating a strong financial position to fund ongoing Phase 3 trials and pipeline advancement.
Jan 14, 2026, 4:15 PM
Immunocore Provides Update on Kimmtrak Performance, Pipeline Progress, and Financial Position
IMCR
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
  • Immunocore's commercial product, Kimmtrak, achieved 30% revenue growth in the first three quarters of 2025 and has demonstrated 14 consecutive quarters of growth.
  • The company is expanding Kimmtrak's potential with two ongoing Phase 3 trials: TEBE-AM for second-line cutaneous melanoma (enrollment completion H1 2026, data as early as H2 2026) and ADAM for adjuvant uveal melanoma, which could increase the eligible patient population from 1,000 to 6,000 patients.
  • Immunocore is advancing its pipeline with the PRAME asset (brenetafusp) in a Phase 3 trial for first-line cutaneous melanoma (enrollment anticipated by 2027) and exploring it in ovarian and non-small cell lung cancer, with data for these indications expected in H2 2026.
  • The company ended 2025 with approximately $860 million in cash on the balance sheet, an increase from $820 million at the same time last year, supporting its investment in Phase 3 studies and pipeline advancement.
Jan 14, 2026, 4:15 PM
Immunocore Provides 2026 Outlook and Pipeline Updates at J.P. Morgan Healthcare Conference
IMCR
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
  • Immunocore reported 30% revenue growth for KIMMTRAK in 2025, marking 14 consecutive quarters of growth, and anticipates increasing the eligible patient population from 1,000 to 6,000 patients through two ongoing Phase III trials for metastatic uveal melanoma (MUM) and adjuvant uveal melanoma (ADAM), with TEBE-AM enrollment completing in H1 2026 and data as early as H2 2026.
  • The company is advancing a diversified pipeline, with key data readouts expected in H2 2026 for PRAME (brenetafusp) in ovarian and non-small cell lung cancer, and for the HIV program (MTAV). The Phase III PRISM-MEL trial for PRAME in first-line cutaneous melanoma is targeting enrollment completion by 2027, and a Type 1 diabetes trial is set to begin in H1 2026.
  • Immunocore ended 2025 with approximately $860 million in cash, an increase from $820 million at the end of 2024, supporting its data-driven R&D investments and disciplined SG&A.
Jan 14, 2026, 4:15 PM
Immunocore Outlines 2026 Milestones and Preliminary Year-End Cash
IMCR
Guidance Update
New Projects/Investments
  • Immunocore reported a preliminary unaudited year-end cash position of $864 million as of December 31, 2025.
  • The company anticipates moderate revenue growth in 2026 for KIMMTRAK , with key milestones including completing enrollment in the Phase 3 TEBE-AM trial in 1H 2026 and an earliest topline readout window in 2H 2026.
  • In 2H 2026, Immunocore expects data from Phase 1/2 combinations of brenetafusp in ovarian cancer and from Phase 1/2 monotherapy and combinations in NSCLC.
  • Other significant pipeline milestones for 2026 include the first patient dosed in a Phase 1 trial for IMC-S118AI in type 1 diabetes in 1H 2026, data from the Phase 1 HIV trial in 2H 2026, and an IND/CTA for a CD1a x PD1 trial in atopic dermatitis in 2H 2026.
Jan 13, 2026, 12:00 PM
Immunocore Holdings plc Announces 2026 Strategic Priorities
IMCR
New Projects/Investments
Guidance Update
  • Immunocore Holdings plc outlined its 2026 strategic priorities, focusing on growing KIMMTRAK in melanoma, expanding beyond melanoma into other tumor types, and realizing growth opportunities beyond oncology in infectious and autoimmune diseases.
  • Key clinical milestones for 2026 include the anticipated completion of enrollment for the TEBE-AM Phase 3 trial in previously treated cutaneous melanoma in 1H 2026, with topline data expected as early as 2H 2026.
  • The company plans to present Phase 1/2 data for brenetafusp combinations in ovarian and lung cancer, initial data for IMC-P115C in multiple solid tumors, and additional Phase 1 HIV data in 2H 2026.
  • In autoimmune diseases, Immunocore expects to dose the first patient in a Phase 1 type 1 diabetes trial in 1H 2026 and submit a clinical trial application for a second autoimmune candidate in 2H 2026.
  • Immunocore reported preliminary unaudited cash, cash equivalents, and marketable securities of approximately $864 million as of December 31, 2025.
Jan 9, 2026, 12:11 PM