IO Biotech Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Selling, General & Admin	24.14	23.69	23.61	24.44	11.08	1.68	Upgrade
Research & Development	67.92	71.48	67.83	46.99	30.15	8.46	Upgrade
Operating Expenses	92.05	95.18	91.44	71.42	41.23	10.15	Upgrade
Operating Income	-92.05	-95.18	-91.44	-71.42	-41.23	-10.15	Upgrade
Interest Expense	-1.14	-	-	-0.3	-0.36	-0.03	Upgrade
Interest & Investment Income	1.68	4.72	5.88	1.41	-	-	Upgrade
Currency Exchange Gain (Loss)	-5.05	-3.59	0.33	0.13	0.32	0.11	Upgrade
EBT Excluding Unusual Items	-89.3	-94.05	-85.23	-70.19	-41.28	-10.06	Upgrade
Other Unusual Items	-	-	-	-	-26.54	-1.99	Upgrade
Pretax Income	-89.3	-94.05	-85.23	-70.19	-67.81	-12.04	Upgrade
Income Tax Expense	-0.96	1.44	0.85	1.27	0.07	-	Upgrade
Net Income	-88.35	-95.49	-86.08	-71.46	-67.88	-12.04	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	-	7.11	2.55	Upgrade
Net Income to Common	-88.35	-95.49	-86.08	-71.46	-74.99	-14.59	Upgrade
Shares Outstanding (Basic)	66	66	44	29	4	0	Upgrade
Shares Outstanding (Diluted)	66	66	44	29	4	0	Upgrade
Shares Change (YoY)	0.31%	51.31%	51.10%	564.62%	2346.74%	-	Upgrade
EPS (Basic)	-1.34	-1.45	-1.98	-2.48	-17.30	-82.36	Upgrade
EPS (Diluted)	-1.34	-1.45	-1.98	-2.48	-17.30	-82.36	Upgrade
Free Cash Flow	-81.07	-82.39	-72.06	-60.42	-40.8	-9.96	Upgrade
Free Cash Flow Per Share	-1.23	-1.25	-1.66	-2.10	-9.41	-56.19	Upgrade
EBITDA	-91.8	-94.92	-91.23	-71.32	-41.23	-	Upgrade
D&A For EBITDA	0.25	0.25	0.22	0.1	0	-	Upgrade
EBIT	-92.05	-95.18	-91.44	-71.42	-41.23	-10.15	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q