ImageneBio, Inc. (IMA) Balance Sheet
IMA balance sheet, 2025
December 31, 2025 · U.S. dollars$153.0M assets = $19.8M liabilities + $133.1M equity
Both columns are drawn to the same scale: what IMA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IMA financial health
Descriptive bands, not a rating. Fiscal 2025.
IMA balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $20.7M2018 | $153.0M2025 | +33.1%/yr | |
| Total liabilities | $66.5M2018 | $19.8M2025 | −15.9%/yr | |
| Shareholders’ equity | −$45.8M2018 | $133.1M2025 | — | |
| Cash & short-term investments | $18.2M2018 | $75.8M2025 | +22.6%/yr | |
| Total debt | $62.6M2018 | $10.0M2025 | −23.1%/yr | |
| Net cash (debt) | −$44.4M2018 | $65.8M2025 | +$110.2M | |
| Working capital | $16.2M2018 | $129.1M2025 | +$112.9M | |
| Book value per share | −$15.342018 | $24.512025 | — | |
| Debt / equity | 0.032021 | 0.082025 | +0.04 | |
| Shares outstanding | 3.0M2018 | 5.4M2025 | +8.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IMA assets
IMA liabilities and equity
IMA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IMA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $75.8M | $124.4M | $175.5M | $156.9M | $232.2M | $162.5M | $82.1M | $18.2M |
| Cash & equivalents | $35.0M | $39.4M | $119.9M | $59.9M | $232.2M | $162.5M | $82.1M | $18.2M |
| Short-term investments | $40.8M | $85.0M | $55.6M | $97.0M | — | — | — | — |
| Receivables | $1.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $63.2M | $2.8M | $3.2M | $3.1M | $4.3M | $3.5M | $3.1M | $1.8M |
| Total current assets | $140.3M | $127.2M | $178.7M | $160.0M | $236.5M | $166.0M | $85.2M | $20.0M |
| Property, plant & equipment (net) | $790,000 | $4.2M | $8.0M | $8.5M | $9.0M | $1.6M | $769,000 | $696,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $942,000 | $942,000 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $11.9M | $9.2M | $4.5M | $3.8M | $2.4M | $872,000 | $0 | $0 |
| Total assets | $153.0M | $141.5M | $192.1M | $172.3M | $247.9M | $168.4M | $86.0M | $20.7M |
| Liabilities | ||||||||
| Accounts payable | $1.4M | $897,000 | $2.1M | $2.1M | $2.4M | $2.1M | $935,000 | $2.3M |
| Short-term debt | $2.3M | $3.8M | $3.6M | $1.9M | $1.9M | $186,000 | — | — |
| Deferred revenue | — | — | — | $9.2M | $17.1M | $20.6M | $20.7M | $126,000 |
| Total current liabilities | $11.2M | $10.8M | $14.2M | $21.5M | $27.2M | $28.3M | $24.3M | $3.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $3.0M | $548,000 | $983,000 | — | — | — | — | — |
| Other long-term liabilities | $8.6M | $4.8M | $8.1M | $3.8M | $12.8M | $241.1M | $123.1M | $62.7M |
| Total liabilities | $19.8M | $15.6M | $22.3M | $25.3M | $40.0M | $269.5M | $147.4M | $66.5M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $11,000 | $48,000 | $48,000 | $36,000 | $36,000 | $3,000 | $3,000 | $19,000 |
| Retained earnings (deficit) | −$230.1M | −$331.6M | −$282.4M | −$214.2M | −$145.5M | −$111.3M | −$67.1M | −$50.3M |
| Accumulated other comprehensive income | $87,000 | $68,000 | −$48,000 | −$763,000 | −$247.9M | −$206.0M | −$78.9M | $0 |
| Total shareholders' equity | $133.1M | $125.9M | $169.8M | $147.0M | $207.9M | −$101.0M | −$61.5M | −$45.8M |
| Key figures | ||||||||
| Total debt | $10.0M | $7.5M | $10.7M | $5.7M | $7.0M | $186,000 | $78.9M | $62.6M |
| Net cash (debt) | $65.8M | $116.9M | $164.7M | $151.3M | $225.2M | $162.3M | $3.2M | −$44.4M |
| Working capital | $129.1M | $116.4M | $164.5M | $138.5M | $209.3M | $137.6M | $60.9M | $16.2M |
| Tangible book value | $133.1M | $125.9M | $169.8M | $147.0M | $207.9M | −$101.0M | −$61.5M | −$45.8M |
| Book value per share | $24.51 | — | $48.81 | $48.73 | $69.34 | −$33.82 | −$20.57 | −$15.34 |
| Shares outstanding | 5.4M | — | 3.5M | 3.0M | 3.0M | 3.0M | 3.0M | 3.0M |
| Current ratio | 12.49 | 11.80 | 12.58 | 7.44 | 8.70 | 5.86 | 3.51 | 5.22 |
| Quick ratio | 6.86 | 11.54 | 12.35 | 7.30 | 8.54 | 5.74 | 3.38 | 4.75 |
| Debt / equity | 0.08 | 0.06 | 0.06 | 0.04 | 0.03 | — | — | — |
| Equity / assets | 87.0% | 89.0% | 88.4% | 85.3% | 83.9% | −60.0% | −71.5% | −221.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $136.2M | $117.2M | $75.8M | $142.6M | $95.6M | $114.1M | $124.4M | $138.0M | $145.4M | $157.3M | $175.5M | $196.9M |
| Cash & equivalents | $94.7M | $76.0M | $35.0M | $103.2M | $58.3M | $36.8M | $39.4M | $45.2M | $44.3M | $52.9M | $119.9M | $121.3M |
| Short-term investments | $41.5M | $41.2M | $40.8M | $39.4M | $37.4M | $77.3M | $85.0M | $92.8M | $101.2M | $104.5M | $55.6M | $75.7M |
| Receivables | $2.6M | $0 | $1.3M | $728,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.4M | $4.8M | $63.2M | $4.2M | $3.4M | $2.9M | $2.8M | $3.5M | $3.9M | $3.8M | $3.2M | $3.7M |
| Total current assets | $141.1M | $122.0M | $140.3M | $147.5M | $99.0M | $117.0M | $127.2M | $141.5M | $149.3M | $161.2M | $178.7M | $200.6M |
| Property, plant & equipment (net) | $521,000 | $616,000 | $790,000 | $885,000 | $3.0M | $3.6M | $4.2M | $4.8M | $5.6M | $6.1M | $8.0M | $10.6M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $942,000 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $10.4M | $14.1M | $11.9M | $12.5M | $24.2M | $10.2M | $9.2M | $2.6M | $2.6M | $5.5M | $5.4M | $4.1M |
| Total assets | $152.0M | $136.7M | $153.0M | $160.9M | $126.2M | $130.8M | $141.5M | $149.0M | $157.5M | $172.8M | $192.1M | $215.3M |
| Liabilities | ||||||||||||
| Accounts payable | $977,000 | $568,000 | $1.4M | $2.1M | $512,000 | $805,000 | $897,000 | $1.5M | $1.4M | $1.9M | $2.1M | $4.0M |
| Short-term debt | $1.9M | $2.3M | $2.3M | $2.2M | $3.8M | $3.9M | $3.8M | $3.9M | $3.7M | $3.4M | $3.6M | $3.5M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | $659,000 |
| Total current liabilities | $6.6M | $6.6M | $11.2M | $11.1M | $7.3M | $8.8M | $10.8M | $9.2M | $8.2M | $10.2M | $14.2M | $19.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.9M | $2.4M | $3.0M | $3.4M | — | — | $548,000 | — | — | — | — | — |
| Other long-term liabilities | $3.4M | $6.7M | $8.6M | $9.9M | $2.9M | $3.8M | $4.8M | $5.5M | $6.4M | $7.3M | $8.1M | $8.9M |
| Total liabilities | $10.0M | $13.4M | $19.8M | $21.0M | $10.3M | $12.6M | $15.6M | $14.8M | $14.6M | $17.4M | $22.3M | $28.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $11,000 | $11,000 | $11,000 | $11,000 | $48,000 | $48,000 | $48,000 | $48,000 | $48,000 | $48,000 | $48,000 | $44,000 |
| Retained earnings (deficit) | −$250.8M | −$240.7M | −$230.1M | −$223.1M | −$343.0M | −$340.2M | −$331.6M | −$322.5M | −$312.3M | −$298.5M | −$282.4M | −$262.9M |
| Accumulated other comprehensive income | −$51,000 | −$17,000 | $87,000 | $94,000 | $65,000 | $99,000 | $68,000 | $240,000 | −$350,000 | −$312,999 | −$48,000 | −$290,000 |
| Total shareholders' equity | $142.1M | $123.3M | $133.1M | $139.8M | $115.9M | $118.2M | $125.9M | $134.2M | $142.9M | $155.3M | $169.8M | $187.2M |
| Key figures | ||||||||||||
| Total debt | $1.9M | $8.1M | $10.0M | $11.0M | $5.7M | $6.6M | $7.5M | $8.4M | $9.1M | $9.7M | $10.7M | $11.5M |
| Net cash (debt) | $134.2M | $109.1M | $65.8M | $131.6M | $90.0M | $107.4M | $116.9M | $129.6M | $136.3M | $147.6M | $164.7M | $185.4M |
| Working capital | $134.5M | $115.4M | $129.1M | $136.4M | $91.7M | $108.2M | $116.4M | $132.3M | $141.1M | $151.0M | $164.5M | $181.4M |
| Tangible book value | $142.1M | $123.3M | $133.1M | $139.8M | $115.9M | $118.2M | $125.9M | $134.2M | $142.9M | $155.3M | $169.8M | $187.2M |
| Book value per share | $8.79 | $11.00 | $11.91 | $16.40 | $48.16 | — | — | — | $35.52 | $38.63 | $42.61 | $51.71 |
| Shares outstanding | 16.2M | 11.2M | 11.2M | 8.5M | 2.4M | — | — | — | 4.0M | 4.0M | 4.0M | 3.6M |
| Current ratio | 21.47 | 18.39 | 12.49 | 13.24 | 13.52 | 13.31 | 11.80 | 15.32 | 18.22 | 15.85 | 12.58 | 10.41 |
| Quick ratio | 21.10 | 17.67 | 6.86 | 12.86 | 13.06 | 12.97 | 11.54 | 14.94 | 17.74 | 15.47 | 12.35 | 10.22 |
| Debt / equity | 0.01 | 0.07 | 0.08 | 0.08 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| Equity / assets | 93.4% | 90.2% | 87.0% | 86.9% | 91.9% | 90.4% | 89.0% | 90.1% | 90.7% | 89.9% | 88.4% | 86.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 10, 2026); data from EODHD.
IMA financial position
At the end of fiscal 2025 (December 31, 2025), ImageneBio had total assets of $153.0 million (up 8.1% from a year earlier), total liabilities of $19.8 million and shareholders' equity of $133.1 million. It held $75.8 million in cash and short-term investments against $10.0 million of debt, a net cash position of $65.8 million. Its current ratio was 12.49. In the latest quarter (ended June 30, 2026) total assets were $152.0 million and equity $142.1 million.
Related: IMA income statement, IMA cash flow statement, IMA key metrics. See the IMA stock overview for the latest quote and news.
IMA balance sheet FAQ
What are ImageneBio's total assets?
ImageneBio reported total assets of $153.0 million at the end of fiscal 2025 (December 31, 2025), compared with $141.5 million a year earlier.
How much debt does ImageneBio have?
ImageneBio had $10.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.08.
How much cash does ImageneBio have?
ImageneBio held $75.8 million in cash and short-term investments at the end of fiscal 2025; with $10.0 million of debt that is net cash of $65.8 million.
What is ImageneBio's book value?
ImageneBio's shareholders' equity (book value) was $133.1 million at the end of fiscal 2025, or $24.51 per share.
What is ImageneBio's current ratio?
ImageneBio had current assets of $140.3 million and current liabilities of $11.2 million, a current ratio of 12.49 (it can cover its short-term obligations).