Overview
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- TickerINMB on Nasdaq1
- IndustryBiological Products, (No Diagnostic Substances)1
- HeadquartersBoca Raton, Florida1
- Incorporated inNV2
- Business address225 Ne Mizner Blvd, Suite 640, Boca Raton, Fl 334322
- Filer categoryNon-accelerated filer, Smaller reporting company2
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The only approved products to date are topical and do not address the systemic issues of the disease, which is the focus of CORDStrom.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development100¢$20.7M
Out of $50.0K in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| REVENUE | $50.0K | $14.0K |
| General and administrative | $10.3M | $9.5M |
| Research and development | $20.7M | $33.2M |
| Impairment of acquired in-process research and development intangible assets | $16.5M | |
| Total operating expenses | $47.4M | $42.6M |
| LOSS FROM OPERATIONS | -$47.4M | -$42.6M |
| OTHER INCOME, NET | $1.4M | $553.0K |
| NET LOSS | -$45.9M | -$42.1M |
| Net loss per common share basic (in Dollars per share) | -$1.86 | -$2.11 |
| Net loss per common share diluted (in Dollars per share) | -$1.86 | -$2.11 |
| Weighted average number of common shares outstanding basic (in Shares) | 24.8M shares | 19.9M shares |
| Weighted average number of common shares outstanding diluted (in Shares) | 24.8M shares | 19.9M shares |
| Gain (loss) on foreign currency translation | -$162.0K | $224.0K |
| Total comprehensive loss | -$46.1M | -$41.9M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $24.8M | $20.9M | |
| Research and development tax credit receivable | $4.3M | $1.2M | |
| Other tax receivable | $257.0K | $228.0K | |
| Prepaid expenses and other current assets | $595.0K | $331.0K | |
| TOTAL CURRENT ASSETS | $29.9M | $22.7M | |
| Equipment, net | $955.0K | ||
| Operating lease right of use asset | $914.0K | $307.0K | |
| Other assets | $595.0K | $79.0K | |
| Acquired in-process research and development intangible assets | $16.5M | ||
| TOTAL ASSETS | $32.4M | $39.6M | |
| Accounts payable and accrued liabilities | $7.8M | $6.5M | |
| Deferred liabilities | $517.0K | ||
| Operating lease, current liability | $623.0K | $140.0K | |
| TOTAL CURRENT LIABILITIES | $8.4M | $7.2M | |
| Long-term operating lease liability | $411.0K | $244.0K | |
| TOTAL LIABILITIES | $8.8M | $7.5M | |
| Common stock, $0.001 par value, 200,000,000 shares authorized, 26,585,258 and 22,280,451 shares issued and outstanding, respectively | $27.0K | $22.0K | |
| Additional paid-in capital | $233.3M | $195.8M | |
| Accumulated other comprehensive loss | -$737.0K | -$575.0K | |
| Accumulated deficit | -$209.0M | -$163.1M | |
| TOTAL STOCKHOLDERS EQUITY | $23.5M | $32.1M | $37.3M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $32.4M | $39.6M | |
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in Shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued (in Shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in Shares) | 0 shares | 0 shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 200.0M shares | 200.0M shares | |
| Common stock, shares issued (in Shares) | 26.6M shares | 22.3M shares | |
| Common stock, shares outstanding (in Shares) | 26.6M shares | 22.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $24.8M | $20.9M | |
| Research and development tax credit receivable | $4.3M | $1.2M | |
| Other tax receivable | $257.0K | $228.0K | |
| Prepaid expenses and other current assets | $595.0K | $331.0K | |
| TOTAL CURRENT ASSETS | $29.9M | $22.7M | |
| Equipment, net | $955.0K | ||
| Operating lease right of use asset | $914.0K | $307.0K | |
| Other assets | $595.0K | $79.0K | |
| Acquired in-process research and development intangible assets | $16.5M | ||
| TOTAL ASSETS | $32.4M | $39.6M | |
| Accounts payable and accrued liabilities | $7.8M | $6.5M | |
| Deferred liabilities | $517.0K | ||
| Operating lease, current liability | $623.0K | $140.0K | |
| TOTAL CURRENT LIABILITIES | $8.4M | $7.2M | |
| Long-term operating lease liability | $411.0K | $244.0K | |
| TOTAL LIABILITIES | $8.8M | $7.5M | |
| Common stock, $0.001 par value, 200,000,000 shares authorized, 26,585,258 and 22,280,451 shares issued and outstanding, respectively | $27.0K | $22.0K | |
| Additional paid-in capital | $233.3M | $195.8M | |
| Accumulated other comprehensive loss | -$737.0K | -$575.0K | |
| Accumulated deficit | -$209.0M | -$163.1M | |
| TOTAL STOCKHOLDERS EQUITY | $23.5M | $32.1M | $37.3M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $32.4M | $39.6M | |
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in Shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued (in Shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in Shares) | 0 shares | 0 shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 200.0M shares | 200.0M shares | |
| Common stock, shares issued (in Shares) | 26.6M shares | 22.3M shares | |
| Common stock, shares outstanding (in Shares) | 26.6M shares | 22.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$45.9M | -$42.1M |
| Stock-based compensation | $9.9M | $7.6M |
| Accretion of debt discount | $0 | $79.0K |
| Gain on settlement of accounts payable | -$626.0K | |
| Depreciation expense | $84.0K | |
| Impairment of acquired in-process research and development intangible assets | $16.5M | |
| Research and development tax credit receivable | -$3.1M | $724.0K |
| Other tax receivable | -$29.0K | $309.0K |
| Prepaid expenses and other current assets | -$264.0K | $1.2M |
| Prepaid expenses related party | $0 | $142.0K |
| Other assets | -$516.0K | $52.0K |
| Accounts payable and accrued liabilities | $1.9M | -$1.4M |
| Accounts payable and accrued liabilities related parties | -$10.0K | |
| Deferred liabilities | -$517.0K | $28.0K |
| Operating lease liability | $43.0K | -$25.0K |
| Net cash used in operating activities | -$22.6M | -$33.4M |
| Purchase of fixed assets | -$1.0M | |
| Net cash used in investing activities | -$1.0M | |
| Net proceeds from sale of common stock and warrants | $27.5M | $27.8M |
| Cash proceeds for amendment of warrants | $67.0K | |
| Exercise of warrants for cash | $1.0K | |
| Repayment of debt | -$10.0M | |
| Net proceeds from the exercise of stock options | $422.0K | |
| Net cash provided by financing activities | $27.6M | $18.2M |
| Impact on cash from foreign currency translation | -$159.0K | $224.0K |
| NET INCREASE (DECREASE) IN CASH | $3.8M | -$14.9M |
| Cash paid for interest expense | $1.7M | |
| Right of use assets obtained in exchange for lease obligations | $702.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Inmune Bio, Inc. sits at the top of its group. 3 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Inmune Bio, Inc.
- CVI Investments, Inc. Filed SCHEDULE 13G/A on Inmune Bio, Inc., latest Aug 14, 2025 (2 filings since Jul 2, 2025)
- HIGHBRIDGE CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Inmune Bio, Inc., latest Aug 14, 2025 (2 filings since Oct 25, 2024)
- Praetorian PR LLC Filed SCHEDULE 13G/A on Inmune Bio, Inc., latest Aug 14, 2025 (3 filings since Jan 15, 2025)
- Xencor Inc Filed SC 13G/A on Inmune Bio, Inc., latest Oct 2, 2024
- David J. Moss Filed SC 13D/A on Inmune Bio, Inc., latest Apr 21, 2022
- Mark William Lowdell Filed SC 13D/A on Inmune Bio, Inc., latest Apr 21, 2022
- Raymond Joseph Tesi Filed SC 13D/A on Inmune Bio, Inc., latest Apr 21, 2022
- Altium Capital Management LLC Filed SC 13G/A on Inmune Bio, Inc., latest Feb 14, 2022
- Inmune Bio, Inc. Boca Raton, Florida
- INmune Bio Australia Pty Ltd Subsidiary · Australia
- INmune Bio International Ltd. Subsidiary · United Kingdom
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Inmune Bio, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Machinery and equipment | $1.0M5 Dec 31, 2025 | ||
| Accumulated depreciation | $87.0K5 Dec 31, 2025 | ||
| Property and equipment, net | $955.0K5 Dec 31, 2025 | ||
| Operating-lease assets (leased space) | $914.0K5 Dec 31, 2025 | $307.0K5 Dec 31, 2024 | +197.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $24.8M5 Dec 31, 2025 | $20.9M5 Dec 31, 2024 | +18.3% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $16.5M5 Dec 31, 2024 | $16.5M9 Dec 31, 2023 | 0% |
Properties, in its own words
The Company leases approximately 5,000 square feet of office space in Boca Raton, Florida from a third-party, which serves as the headquarters of the Company. We currently pay approximately $16,000 per month for this lease which expires in March 2027.
The Company’s wholly-owned subsidiary, INmune Bio International Ltd leases manufacturing space in the United Kingdom pursuant to a 2-year collaboration agreement in which the Company is required to pay 225,000 pounds for manufacturing space in the first year and 450,000 pounds in the second year. The Company occupies 184 square meters for the production of CORDStrom.
The rest of Item 2
We believe our current facilities are suitable and adequate to meet our current needs.
Item 2 of the 10-K filed Mar 30, 2026.4
Leadership
Who has led Inmune Bio, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerRaymond Joseph Tesi Feb 8, 2019 to Dec 9, 202413
- ChairRaymond Joseph Tesi May 6, 2019 to May 6, 201914
- PresidentRaymond Joseph Tesi Feb 8, 2019 to Dec 9, 202413
- Chief financial officerCory Randall Ellspermann Aug 18, 2025 to now15
Board members and other officers (9)
- Chief Scientific OfficerMark William Lowdell Feb 8, 2019 to now16
- Board memberJames Sapirstein Sep 16, 2026 to now17
- Board memberRonnie Duane Clark Sep 23, 2026 to now18
- Board memberDavid Edmund Szymkowski Feb 8, 2019 to Feb 8, 201919
- Board memberJames Kelly Ganjei Feb 8, 2019 to now20
- Board memberRaymond Joseph Tesi Feb 8, 2019 to Dec 9, 202413
- Board memberScott Juda Feb 8, 2019 to now21
- Board memberTimothy J. Schroeder Feb 8, 2019 to now22
- Board memberEdgardo Baracchini Jr. Aug 16, 2019 to May 16, 202423
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Sep 14, 20268-K Executive or director change; Other events24
- Jul 31, 20268-K Other events25
- Jul 1, 20268-K Entered a material agreement26
- Jun 23, 20268-K Other events27
- Jun 17, 20268-K Executive or director change; Shareholder vote28
- Jun 2, 20268-K Other events29
- May 14, 20268-K Other events30
- May 5, 20268-K Entered a material agreement; Regulation FD disclosure31
- Feb 27, 20268-K Regulation FD disclosure32
- Feb 23, 20268-K Other events33
- Feb 19, 20268-K Other events34
- Feb 13, 20268-K Regulation FD disclosure35
- Feb 8, 2019New chief executive Raymond Joseph Tesi becomes CEO13
Calendar
Coming up
- Oct 29, 2026Reports results for the quarter ending Sep/202636
When it reported results
- Oct 30, 2025Reported quarterly or annual results37
- Aug 7, 2025Reported quarterly or annual results38
- May 8, 2025Reported quarterly or annual results39
- Mar 27, 2025Reported quarterly or annual results40
- Nov 1, 2024Reported quarterly or annual results41
- Aug 2, 2024Reported quarterly or annual results42
- May 13, 2024Reported quarterly or annual results43
- Mar 29, 2024Reported quarterly or annual results44
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
306 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 154 major events, 80 insider forms, 14 large holders, 37 other. The latest 20:
- Sep 23, 20264 EDGAR
- Sep 23, 20263 EDGAR
- Sep 17, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 16, 20263 OWNERSHIP DOCUMENT EDGAR
- Sep 14, 20268-K CURRENT REPORT EDGAR
- Aug 6, 202610-Q QUARTERLY REPORT EDGAR
- Jul 31, 20268-K CURRENT REPORT EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 1, 20268-K CURRENT REPORT EDGAR
- Jun 23, 20268-K CURRENT REPORT EDGAR
- Jun 17, 20268-K CURRENT REPORT EDGAR
- Jun 2, 20268-K CURRENT REPORT EDGAR
- May 14, 20268-K CURRENT REPORT EDGAR
- May 7, 202610-Q QUARTERLY REPORT EDGAR
- May 5, 20268-K CURRENT REPORT EDGAR
- Apr 23, 2026DEF 14A PROXY STATEMENT EDGAR
- Mar 30, 202610-K ANNUAL REPORT EDGAR
- Feb 27, 20268-K CURRENT REPORT EDGAR
The 306 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
25 open-market trades by officers, directors and large owners since October 2021: 14 buys and 11 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 30, 2024 | Moss David JChief Executive Officer | Buy | 10,000 | $5.29 | $52.9K | Form 4 |
| Sep 12, 2024 | Tesi Raymond JosephPresident and CEO | Buy | 15,380 | $6.38 | $98.1K | Form 4 |
| Sep 12, 2024 | Moss David JChief Executive Officer | Buy | 7,690 | $6.38 | $49.1K | Form 4 |
| Jun 25, 2024 | Juda ScottDirector | Buy | 5,000 | $7.27 | $36.4K | Form 4 |
| Apr 19, 2024 | Moss David JChief Executive Officer | Buy | 18,028 | $8.32 | $150.0K | Form 4 |
| Apr 19, 2024 | Tesi Raymond JosephPresident and CEO | Buy | 18,028 | $8.32 | $150.0K | Form 4 |
| Apr 19, 2024 | Lowdell Mark WilliamChief Scientific Officer | Buy | 14,423 | $8.32 | $120.0K | Form 4 |
| Apr 19, 2024 | Juda ScottDirector | Buy | 29,603 | $8.32 | $246.3K | Form 4 |
| Nov 10, 2023 | Juda ScottDirector | Buy | 7,000 | $6.95 | $48.6K | Form 4 |
| Jul 12, 2023 | Schroeder Timothy jDirector | Sale | 10,000 | $11.01 | $110.1K | Form 4 |
| Mar 17, 2023 | Moss David JChief Executive Officer | Buy | 2,500 | $6.43 | $16.1K | Form 4 |
| May 27, 2022 | Moss David JChief Executive Officer | Buy | 3,000 | $6.79 | $20.4K | Form 4 |
| May 26, 2022 | Tesi Raymond JosephPresident and CEO | Buy | 6,300 | $6.41 | $40.4K | Form 4 |
| May 26, 2022 | Moss David JChief Executive Officer | Buy | 7,700 | $6.27 | $48.3K | Form 4 |
| Nov 17, 2021 | Juda ScottDirector | Buy | 2,500 | $13.55 | $33.9K | Form 4 |
| Nov 3, 2021 | Lowdell Mark WilliamChief Scientific Officer | Sale | 701 | $20.00 | $14.0K | Form 4 |
| Nov 3, 2021 | Moss David JChief Executive Officer | Sale | 1,025 | $20.00 | $20.5K | Form 4 |
| Nov 3, 2021 | Tesi Raymond JosephPresident and CEO | Sale | 3,626 | $20.00 | $72.5K | Form 4 |
| Oct 27, 2021 | Tesi Raymond JosephPresident and CEO | Sale | 6,517 | $20.00 | $130.3K | Form 4 |
| Oct 27, 2021 | Lowdell Mark WilliamChief Scientific Officer | Sale | 2,357 | $20.00 | $47.1K | Form 4 |
All 25 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- CVI Investments, Inc.SCHEDULE 13G/A, 2 filings Jul 2, 2025 to Aug 14, 202545
- HIGHBRIDGE CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Oct 25, 2024 to Aug 14, 202546
- Praetorian PR LLCSCHEDULE 13G/A, 3 filings Jan 15, 2025 to Aug 14, 202547
- Xencor IncSC 13G/A, 1 filing Oct 2, 202448
- David J. MossSC 13D/A, 1 filing Apr 21, 202249
- Mark William LowdellSC 13D/A, 1 filing Apr 21, 202250
- Raymond Joseph TesiSC 13D/A, 1 filing Apr 21, 202251
- Altium Capital Management LLCSC 13G/A, 1 filing Feb 14, 202252
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Raymond J. Tesi | $486.1K | $2.8M53 | |
| 2025 | David J. Moss | 56 | $416.3K | $1.8M53 |
| 2025 | Mark Lowdell, | 64 | $66.3K | $1.5M53 |
| 2025 | Cory Ellspermann | 53 | $190.9K | $619.2K53 |
| 2024 | M.D., former CEOPresident and CMO | $513.6K | $3.0M53 | |
| 2024 | CEO and President | $405.3K | $2.7M53 | |
| 2024 | CSO | $1.5M | $1.8M53 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 83. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 706,424 | $1.2M | 0.0% | +19,409 |
| Aqr Capital Management LLC | 662,218 | $1.1M | 0.0% | +391,901 |
| BlackRock, Inc. | 311,613 | $507.9K | 0.0% | −882,499 |
| Raymond James Financial Inc | 212,995 | $347.2K | 0.0% | +9,750 |
| Geode Capital Management, LLC | 190,215 | $310.3K | 0.0% | −304,754 |
| Goldman Sachs Group Inc | 185,245 | $301.9K | 0.0% | −46,341 |
| Millennium Management LLC | 159,559 | $260.1K | 0.0% | New |
| Susquehanna International Group, Llp | 158,452 | $258.3K | 0.0% | −35,939 |
| Jane Street Group, LLC | 134,232 | $218.8K | 0.0% | +83,288 |
| UBS Group AG | 110,413 | $180.0K | 0.0% | −142,927 |
| Westside Investment Management, Inc. | 108,300 | $176.5K | 0.0% | No change |
| Citadel Advisors LLC | 106,231 | $173.2K | 0.0% | New |
| Vanguard Fiduciary Trust Co | 104,775 | $170.8K | 0.0% | −18,409 |
| State Street Corp | 93,363 | $152.2K | 0.0% | −197,516 |
| Ieq Capital, LLC | 82,385 | $134.3K | 0.0% | +57,822 |
| Laird Norton Wetherby Trust Company, LLC | 52,000 | $84.8K | 0.0% | +2,000 |
| Focus Partners Advisor Solutions, LLC | 43,556 | $71.0K | 0.0% | +531 |
| PNC Financial Services Group, Inc. | 42,638 | $69.5K | 0.0% | +2,518 |
| Qube Research & Technologies Ltd | 40,773 | $66.5K | 0.0% | New |
| Mariner, LLC | 40,320 | $65.7K | 0.0% | +21,277 |
| Northern Trust Corp | 37,670 | $61.4K | 0.0% | −146,555 |
| XTX Topco Ltd | 35,461 | $57.8K | 0.0% | +5,155 |
| Fmr LLC | 33,689 | $54.9K | 0.0% | +20,099 |
| Cerity Partners LLC | 33,230 | $54.2K | 0.0% | +19,188 |
| Renaissance Technologies LLC | 29,700 | $48.4K | 0.0% | +12,700 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Inmune Bio, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARInmune Bio, Inc.1
- CIK0001711754
- Employer ID (EIN)47-52058354
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inNevada4
- Fiscal year endsDecember 311
- Industry code (SIC)2836 Biological Products, (No Diagnostic Substances)1
- SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
- Business address225 Ne Mizner Blvd, Suite 640, Boca Raton, FL 334321
- Phone85896437201
- Shares outstanding27,753,789 as of Aug 6, 202612
- Public float$51.0M as of Jun 30, 20254
- AuditorCBIZ CPAs P.C., Houston, Texas PCAOB ID 199; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJul 13, 20171
- Filings597 in all: 8-K (283), 4 (119), 10-Q (23), CORRESP (15), UPLOAD (15), 3 (14), 424B5 (14), 4/A (9)1
All 39 form types
DEF 14A (9), EFFECT (9), 10-K (8), SC 13D/A (6), 424B3 (5), 8-A12B/A (5), 8-K/A (5), S-3 (5), SC 13G (5), SC 13G/A (5), FWP (4), S-8 (4), SCHEDULE 13G/A (4), DRSLTR (3), S-1 (3), S-1/A (3), SC 13D (3), 8-A12B (2), D (2), DRS/A (2), PRE 14A (2), SCHEDULE 13G (2), 10-K/A (1), 144 (1), CERT (1), DEFA14A (1), DEFR14A (1), DRS (1), POS AM (1), S-3/A (1), S-8 POS (1)
- Latest filingsAnnual report (10-K) Mar 30, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Apr 23, 2026
Latest 8-K (8-K) Sep 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock ($0.001 par value) | INMB | Nasdaq |
From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Inmune Bio, Inc. names in Item 1A of its 10-K filed Mar 30, 2026: 54 risks under these headings, as written.4
- RISKS RELATED TO OUR BUSINESS
- There is a Substantial Doubt About Our Ability to Continue as a Going Concern
- We Have a History of Losses and May Never Achieve or Sustain Profitability
- Limitations on Capital Raising Due to Low Public Float
- We face intense competition in the markets targeted by our product candidates. Many competitors have substantially greater resources, and all of our product candidates are expected to face strong competition from existing and future drugs.
- Competition and Technological Change Could Reduce the Attractiveness of Our Product Candidates
- We are substantially dependent on the success of CORDStrom, and we may never obtain regulatory approval.
- Global economic uncertainty and financial market volatility caused by political instability, changes in international trade relationships and conflicts, such as the conflict between Russia and Ukraine and the recent military conflict in the Middle East involving Iran, could make it more difficult for us to access financing and could adversely affect our business and operations.
- Even if we commercialize our product candidates, pricing, reimbursement, and healthcare regulations could limit their market success.
- We are subject to extensive government regulations.
- If we cannot keep pace with rapid technological changes or compete effectively, we may not operate profitably.
- We may request priority review, but the FDA may not grant it, and even if granted, it may not accelerate approval.
The other 43 risks
- If we are unable to obtain accelerated approval or other expedited regulatory designations, development and commercialization of our product candidates may be delayed or more costly.
- Clinical drug development is lengthy, expensive, and inherently uncertain, and our product candidates may never receive regulatory approval.
- Preclinical and early-stage clinical trial results may not predict later results, and interim or preliminary data may change materially.
- If clinical trials fail to demonstrate safety and efficacy to the satisfaction of regulatory authorities, we may incur additional costs, experience delays, or be unable to commercialize our product candidates.
- Unforeseen events in clinical trials could delay or prevent marketing approval of our product candidates.
- Regulatory Approval of Product Brand Names
- Risk of Noncompliance with Regulatory Requirements
- Even if our product candidates are approved, they may fail to achieve sufficient market acceptance, which could limit revenue and affect our business.
- Even if we obtain regulatory approvals for CORDStrom or any product, ongoing regulation may limit our ability to manufacture and commercialize these products.
- If our product candidates are approved and later found to be less effective than expected or to cause previously unidentified side effects, our business could be materially harmed.
- Even if we obtain marketing approval for a product candidate, we will remain subject to extensive ongoing regulatory requirements, and failure to comply could materially harm our business.
- We currently have no marketing or sales organization, and our inability to establish these capabilities or collaborate with third parties could limit our product revenue.
- We face substantial competition from other pharmaceutical and biotechnology companies and our operating results may suffer if we fail to compete effectively.
- Dependence on Key Personnel
- Product liability claims could result in substantial costs, divert resources, and limit the development or commercialization of our product candidates.
- We will need to expand our organization and may encounter challenges in managing this growth.
- Our manufacturing processes are complex and subject to numerous risks that could increase costs and limit the supply of our drug candidates.
- We and our contract manufacturers are subject to extensive regulatory requirements with respect to the manufacture of our product candidates, and any failure to comply with these requirements could materially harm our business.
- Risk Related to Hazardous and Biological Materials
- We rely on third parties to conduct and support clinical trials for our product candidates, and any failure by these parties to meet their obligations could materially delay or impair our development programs and regulatory approvals.
- Current and future healthcare reform measures and pricing regulations may increase the difficulty and cost of commercializing our product candidates and may materially reduce the prices we may obtain and the revenues we may generate if any of our product candidates are approved.
- The regulatory approval processes of the FDA, EMA, and other comparable foreign regulatory authorities are complex, time-consuming and inherently unpredictable. If we are not able to obtain, or if there are delays in obtaining, required regulatory approvals for CORDStrom, we may not be able to commercialize, or may be delayed in commercializing, CORDStrom, and our ability to generate revenue will be materially impaired.
- Deterioration in general economic conditions in the United States, Canada and globally, including the effect of prolonged periods of inflation on our suppliers, third-party service providers and potential partners, could harm our business and results of operations.
- Public health emergencies or other widespread health events could adversely affect our operations and financial results.
- We are exposed to risks related to currency exchange rates.
- Our employees, principal investigators, consultants, and collaborators may engage in misconduct or fail to comply with regulatory requirements, which could result in liability and harm our reputation.
- Cybersecurity Incidents and Other Technological Disruptions Could Negatively Affect Our Business and Customer Relationships
- Use of Social Media Platforms Presents New Risks
- The use or anticipated use of artificial intelligence, or AI, technologies, including generative AI, by us or third parties, may increase or create new operational risks.
- The U.S. Congress, the Trump administration, or any new administration may make substantial changes to fiscal, tax, and other federal policies that may adversely affect our business.
- Disruptions at the FDA, the SEC and other government agencies could hinder their ability to hire and retain key leadership and other personnel, prevent new products and services from being developed or commercialized in a timely manner, or otherwise prevent those agencies from performing normal business functions, which could negatively impact our business and our timelines.
- Risks Related to our Intellectual Property
- We depend on obtaining certain patents and protecting our proprietary rights.
- If we fail to protect our intellectual property rights, our ability to pursue the development of our technologies and products would be negatively affected.
- By working with research collaborators patent rights may be jointly owned by different parties.
- Risks related to government-funded intellectual property.
- We license our patents from others. If such owners do not properly maintain or enforce the intellectual property underlying such licenses, our competitive position and business prospects could be harmed. Our licensors may also seek to terminate our license.
- We are dependent on our licensing agreement with Xencor, and the termination of this agreement would harm our business.
- Potential conflict of interest with our INKmune license.
- Changes in patent laws could diminish the value of our intellectual property and impair our ability to protect our products.
- Risks Related to our Common Stock
- We may fail to qualify for continued listing on The NASDAQ Capital Market which could make it more difficult for investors to sell their shares.
- We do not intend to pay dividends in the foreseeable future.
- Compliance with federal securities laws and reporting requirements is costly and may divert resources from growth initiatives.
- Our stock price may be volatile.
- You may have difficulty trading and obtaining quotations for our common stock.
- Additional stock offerings in the future may dilute your ownership interest in our company.
- Our internal control over financial reporting may not meet the standards required by Section 404 of the Sarbanes-Oxley Act, and failure to achieve or maintain effective internal controls could adversely affect our business and stock price.
- Anti-takeover provisions in our stockholder rights plan could make a third-party acquisition more difficult.
- Sales of our common stock by employees, including executive officers, could cause the trading price of our common stock to decline and may be viewed negatively by investors.
Legal proceedings
We currently are not a party to any material litigation or other material legal proceedings. We may, from time to time, be subject to legal proceedings and claims arising in the normal course of business.
The opening of Item 3, Legal Proceedings.4
Sources
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- 14SEC EDGARRaymond Joseph Tesi, Chair
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- 17SEC EDGARJames Sapirstein, Board member
- 18SEC EDGARRonnie Duane Clark, Board member
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- 20SEC EDGARJames Kelly Ganjei, Board member
- 21SEC EDGARScott Juda, Board member
- 22SEC EDGARTimothy J. Schroeder, Board member
- 23SEC EDGAREdgardo Baracchini Jr., Board member
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- 25SEC EDGAROther events
- 26SEC EDGAREntered a material agreement
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- 32SEC EDGARRegulation FD disclosure
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- 35SEC EDGARRegulation FD disclosure
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