INmune Bio, Inc. (INMB) AI Stock Analysis

NASDAQ: INMBAI research summary: business, growth, valuation, analysts, bull and bear case.

INMB AI stock analysis summary

AI Research

INmune Bio, Inc. (INMB) is a clinical-stage biotechnology company focused on reprogramming the innate immune system to treat cancer, Alzheimer's disease, and NASH. The company generated minimal revenue of $50,000 in FY2025 and recorded a net loss of -$45.9M. As of June 30, 2026, INMB maintained $18.4M in cash and short-term investments against $1.4M in total debt.

Market cap
$43.6M
Revenue (TTM)
$0
P/E
—
1Y return
-15.1%
S&P 500 16.8%
Avg. target
$7.00
345.9% vs last close

Bull case

  • Wall Street analysts hold a mean price target of $7.00, implying a 345.9% upside from the recent close of $1.57.
  • The company maintained a net cash position of $17.0M and a current ratio of 4.04 as of June 30, 2026.
  • Analysts project revenue to expand to $9.5M in the next fiscal year alongside a 21.8% improvement in EPS to -$0.43.

Bear case

  • The company remains unprofitable, booking an annual net loss of -$45.9M and negative free cash flow of -$23.6M in FY2025.
  • Shareholder equity has faced dilution, with total share count increasing by 54.2% over a 5-year period.
  • Long-term market returns have been weak, as the stock fell 91.6% over 5 years while the S&P 500 gained 83.0%.

What INmune Bio does

INmune Bio, Inc. is a clinical-stage immunotherapy company headquartered in Boca Raton, Florida. Founded in 2015, the firm specializes in harnessing and reprogramming the innate immune system to develop treatments for cancer, Alzheimer's disease, and non-alcoholic steatohepatitis (NASH). Its clinical pipeline includes INKmune for relapse refractory ovarian carcinoma and high-risk myelodysplastic syndrome, INB03 for advanced cancers exhibiting elevated inflammation biomarkers, and XPro1595 for Alzheimer's disease. The company is also developing LivNate for NASH and Quellor for cytokine release syndrome and COVID-19 complications, supported by licensing collaborations with Xencor, Inc., Immune Ventures, LLC, University of Pittsburgh, and University College London.

Growth and profitability

INmune Bio generates early-stage revenue, which increased from $14,000 in FY2024 to $50,000 in FY2025, representing a 257.1% increase. Over a 5-year period from FY2020 to FY2025, revenue grew at a CAGR of 35.6%. Operating losses remain substantial due to research and development expenses, which totaled $20.7M in FY2025. INMB reported an annual net loss of -$45.9M and diluted EPS of -$1.19 for FY2025, with an operating margin of -61738.0%. For the trailing twelve months ended June 30, 2026, revenue stood at $0, net profit margin was 0.0%, and EPS was -$0.67.

INMB income statement →

Balance sheet and cash flow

As of June 30, 2026, INmune Bio held $18.4M in cash and short-term investments, total debt of $1.4M, and net cash of $17.0M. The company had a current ratio of 4.04 and a debt-to-equity ratio of 0.07 against shareholders' equity of $20.4M. For FY2025, operating cash flow was -$22.6M and free cash flow was -$23.6M, which included capital expenditures of $1.0M. Over 5 years, the company's share count expanded by 54.2%.

INMB balance sheet →

Valuation and performance

At a share price of $1.57 and a market capitalization of $43.6M, INMB trades at an enterprise value of $38.5M. The stock has a price-to-sales multiple of 760.3x, substantially above the 4.1x median of its US-listed Healthcare peers, and a price-to-book ratio of 2.7x. Over the past year, INMB shares dropped 15.1%, lagging the S&P 500 (SPY) return of 16.8%. Over a 5-year timeframe, the stock declined 91.6% compared to an 83.0% gain for SPY.

INMB key metrics →

What analysts expect

Wall Street coverage includes 2 Strong Buy ratings and 1 Buy rating. The mean price target is $7.00, representing an upside of 345.9% from the closing price of $1.57 on October 16, 2026. For the current fiscal year ending December 31, 2026, analysts forecast revenue of $0 and an EPS of -$0.55. For the next fiscal year, consensus estimates project $9.5M in revenue and an EPS of -$0.43. INMB has exceeded EPS estimates in 3 of the last 4 quarters, with the next earnings release scheduled for October 29, 2026.

INMB forecast and price target →

Key risks and what to watch

  • Operating cash burn remains significant, with operating cash flow recorded at -$22.6M in FY2025 compared to $18.4M in cash reserves as of June 30, 2026.
  • Valuation metrics are elevated relative to commercial peers, featuring a price-to-sales multiple of 760.3x versus the peer median of 4.1x.
  • Short interest represents 10.7% of the company's public float as of October 16, 2026.
  • Revenue history is volatile, dropping 91.0% in FY2024 to $14,000 before reaching $50,000 in FY2025.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this INMB AI stock analysis

This page is an AI-written research summary of INmune Bio, Inc. (INMB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: INMB income statement, INMB balance sheet, INMB key metrics, INMB analyst forecast, INMB chart. See the INMB stock overview for the latest quote and news.

INMB AI stock analysis FAQ

Does INmune Bio pay a dividend?

No, INmune Bio does not pay a dividend. The company directs its capital toward research and clinical development programs.

What is the consensus analyst target price for INMB stock?

The mean analyst price target is $7.00, which is 345.9% above its closing price of $1.57 on October 16, 2026. The stock currently holds 2 Strong Buy ratings and 1 Buy rating.

What are INmune Bio's financial expectations for the upcoming fiscal years?

For FY2026, consensus expectations estimate $0 in revenue and an EPS of -$0.55. For the following fiscal year, analysts estimate revenue will reach $9.5M with an EPS of -$0.43.

What is INmune Bio's cash and debt position?

As of June 30, 2026, INmune Bio had $18.4M in cash and short-term investments alongside $1.4M in total debt, resulting in net cash of $17.0M.

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