The Tip Desk

INOVIO PHARMACEUTICALS, INC.

Financial highlights

Amounts in millions
MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$0.1$0.2$0.8$10.3$1.8
Operating income-$86.8-$112.4-$143.9-$267.6-$301.2
Net income-$84.9-$107.3-$135.1-$279.8-$303.7
Cash Flow Statement
Free cash flow-$88.9-$104.6-$124.7-$217.2-$216.9

Shares outstanding 103.4M · Free float 98.9%

Annual filing data through FY ended December 31, 2025; float as of October 27, 2026.

Earnings