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Side-by-side financial comparison of ImageneBio, Inc. (IMA) and Alaunos Therapeutics, Inc. (TCRT). Click either name above to swap in a different company.

Over the past eight quarters, Alaunos Therapeutics, Inc.'s revenue compounded faster (73.2% CAGR vs -100.0%).

ImageneBio, Inc. is a clinical-stage biotechnology company specializing in the development of precision oncology therapies and targeted radiopharmaceuticals for hard-to-treat cancers. It primarily serves the North American healthcare market, with a core focus on advancing personalized treatment options matched to patients’ unique genomic profiles.

Alaunos Therapeutics, Inc. is a clinical-stage biotechnology company that develops novel T cell receptor (TCR) immunotherapies for the treatment of hard-to-treat solid tumors. The firm focuses on advancing precision oncology candidates targeting shared tumor antigens, serving global oncology patient populations via internal R&D and cross-sector partnerships.

IMA vs TCRT — Head-to-Head

Bigger by revenue
TCRT
TCRT
Infinity× larger
TCRT
$3.0K
$0
IMA
Faster 2-yr revenue CAGR
TCRT
TCRT
Annualised
TCRT
73.2%
-100.0%
IMA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
IMA
IMA
TCRT
TCRT
Revenue
$0
$3.0K
Net Profit
$-24.8M
Gross Margin
Operating Margin
Net Margin
Revenue YoY
-40.0%
Net Profit YoY
-678.5%
-20.5%
EPS (diluted)
$-2.91

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IMA
IMA
TCRT
TCRT
Q4 25
$3.0K
Q3 25
$0
$0
Q2 25
$0
Q1 25
$800.0K
$2.0K
Q4 24
$5.0K
Q3 24
$3.5M
$0
Q2 24
$4.0K
Q1 24
$1.0K
Net Profit
IMA
IMA
TCRT
TCRT
Q4 25
Q3 25
$-24.8M
$-1.2M
Q2 25
$-1.1M
Q1 25
$-6.1M
$-1.1M
Q4 24
Q3 24
$-3.2M
$-1.1M
Q2 24
$-1.1M
Q1 24
$-1.7M
Operating Margin
IMA
IMA
TCRT
TCRT
Q4 25
Q3 25
Q2 25
Q1 25
-1349.3%
-54600.0%
Q4 24
Q3 24
-58.2%
Q2 24
-29150.0%
Q1 24
-174200.0%
Net Margin
IMA
IMA
TCRT
TCRT
Q4 25
Q3 25
Q2 25
Q1 25
-759.6%
-53650.0%
Q4 24
Q3 24
-90.9%
Q2 24
-28225.0%
Q1 24
-168200.0%
EPS (diluted)
IMA
IMA
TCRT
TCRT
Q4 25
Q3 25
$-2.91
$-0.55
Q2 25
$-0.63
Q1 25
$-0.18
$-0.67
Q4 24
Q3 24
$-2.58
$-0.70
Q2 24
$-0.71
Q1 24
$-1.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IMA
IMA
TCRT
TCRT
Cash + ST InvestmentsLiquidity on hand
$142.6M
$1.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$139.8M
$2.2M
Total Assets
$160.9M
$3.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMA
IMA
TCRT
TCRT
Q4 25
$1.4M
Q3 25
$142.6M
$1.9M
Q2 25
$2.9M
Q1 25
$114.1M
$319.0K
Q4 24
$1.1M
Q3 24
$138.0M
$1.7M
Q2 24
$2.5M
Q1 24
$4.1M
Stockholders' Equity
IMA
IMA
TCRT
TCRT
Q4 25
$2.2M
Q3 25
$139.8M
$2.8M
Q2 25
$3.7M
Q1 25
$-169.6M
$1.1M
Q4 24
$2.1M
Q3 24
$-152.8M
$2.7M
Q2 24
$3.8M
Q1 24
$4.8M
Total Assets
IMA
IMA
TCRT
TCRT
Q4 25
$3.0M
Q3 25
$160.9M
$3.7M
Q2 25
$4.7M
Q1 25
$130.8M
$2.1M
Q4 24
$2.8M
Q3 24
$149.0M
$3.5M
Q2 24
$4.7M
Q1 24
$6.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IMA
IMA
TCRT
TCRT
Operating Cash FlowLast quarter
$-26.6M
$-2.9M
Free Cash FlowOCF − Capex
$-3.0M
FCF MarginFCF / Revenue
-98900.0%
Capex IntensityCapex / Revenue
3266.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMA
IMA
TCRT
TCRT
Q4 25
$-2.9M
Q3 25
$-26.6M
$-844.0K
Q2 25
$-701.0K
Q1 25
$-10.6M
$-772.0K
Q4 24
$-5.0M
Q3 24
$13.0M
$-781.0K
Q2 24
$-1.7M
Q1 24
$-1.9M
Free Cash Flow
IMA
IMA
TCRT
TCRT
Q4 25
$-3.0M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
IMA
IMA
TCRT
TCRT
Q4 25
-98900.0%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
IMA
IMA
TCRT
TCRT
Q4 25
3266.7%
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
Q2 24
0.0%
Q1 24
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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