IO Biotech, Inc.

NasdaqGS:IOBT Stock Report

Market Cap: US$13.9m

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

IO Biotech Past Earnings Performance

Past criteria checks 0/6

IO Biotech's earnings have been declining at an average annual rate of -18.4%, while the Biotechs industry saw earnings growing at 29.1% annually.

Key information

-18.37%

Earnings growth rate

84.84%

EPS growth rate

Biotechs Industry Growth17.04%
Revenue growth raten/a
Return on equity-9,698.02%
Net Marginn/a
Last Earnings Update30 Sep 2025

Recent past performance updates

No updates

Recent updates

Seeking Alpha Aug 11

IO Biotech's Phase 3 Trial Fails To Deliver

Summary IO Biotech has been anticipating an important phase 3 trial readout for their novel immunotherapy candidate in melanoma. IOBT's topline data showcase "clinically positive," but statistically insignificant results. This article considers the updated investment thesis based on this readout, potential subgroups, and the dwindling cash reserves. Read the full article on Seeking Alpha
Analysis Article Apr 02

Can IO Biotech (NASDAQ:IOBT) Afford To Invest In Growth?

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Analysis Article Dec 17

Here's Why We're A Bit Worried About IO Biotech's (NASDAQ:IOBT) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Analysis Article Jun 12

We're A Little Worried About IO Biotech's (NASDAQ:IOBT) Cash Burn Rate

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article Feb 10

We Think IO Biotech (NASDAQ:IOBT) Needs To Drive Business Growth Carefully

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Analysis Article Jun 15

We Think IO Biotech (NASDAQ:IOBT) Needs To Drive Business Growth Carefully

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Analysis Article Jan 20

We Think IO Biotech (NASDAQ:IOBT) Needs To Drive Business Growth Carefully

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Seeking Alpha Oct 13

IO Biotech names new CFO

IO Biotech (NASDAQ:IOBT) announced Thursday the appointment of Amy Sullivan as its new chief financial officer.  Sullivan joins IO Biotech from TABA, BV, where she served as chief financial officer. Earlier, Sullivan was chief strategy officer for Euronext-listed Kiadis Pharma where she was responsible for all aspects of fundraising and capital formation strategy.
Analysis Article Sep 27

We're Keeping An Eye On IO Biotech's (NASDAQ:IOBT) Cash Burn Rate

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Seeking Alpha Aug 11

IO Biotech GAAP EPS of -$0.64

IO Biotech press release (NASDAQ:IOBT): Q2 GAAP EPS of -$0.64. Cash and cash equivalents at June 30, 2022 were $170.1 million, compared to $211.5 million at December 31, 2021. Cash on hand is expected to support operations through anticipated data readouts into mid-2024.
Analysis Article Jun 14

We're Keeping An Eye On IO Biotech's (NASDAQ:IOBT) Cash Burn Rate

We can readily understand why investors are attracted to unprofitable companies. For example, although...
Analysis Article Feb 25

We Think IO Biotech (NASDAQ:IOBT) Needs To Drive Business Growth Carefully

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Revenue & Expenses Breakdown

How IO Biotech makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGS:IOBT Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 250-882468
30 Jun 250-1042574
31 Mar 250-982474
31 Dec 240-952471
30 Sep 240-902472
30 Jun 240-882470
31 Mar 240-882370
31 Dec 230-862468
30 Sep 230-802360
30 Jun 230-742353
31 Mar 230-712449
31 Dec 220-712447
30 Sep 220-742349
30 Jun 220-652143
31 Mar 220-871738
31 Dec 210-751130
30 Sep 210-56616
30 Jun 210-54415
31 Mar 210-17210
31 Dec 200-1528

Quality Earnings: IOBT is currently unprofitable.

Growing Profit Margin: IOBT is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: IOBT is unprofitable, and losses have increased over the past 5 years at a rate of 18.4% per year.

Accelerating Growth: Unable to compare IOBT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IOBT is unprofitable, making it difficult to compare its past year earnings growth to the Biotechs industry (40.2%).


Return on Equity

High ROE: IOBT has a negative Return on Equity (-9698.02%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/30 23:13
End of Day Share Price 2026/03/30 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

IO Biotech, Inc. is covered by 2 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher HowertonJefferies LLC
Roger SongJefferies LLC