IMCR — Stock Film
STOCK FILMSCENE 1/11IMCR · $34.47
Stock Expert AI presents
IMCR
Immunocore Holdings plc
~4 min film100% real numbers0 jargon
WHAT DOES THIS COMPANY DO?
Immunocore Holdings plc. A quick introduction.

On the stock market since 2021, it operates in the world of health and science. It has 524 employees. Now — the numbers.

on the stock market since 2021
524 employees
$1.8B market value
Revenue last year:
$0
The loss that same year:
$0
For every $1 it earns, the company spends $1.1.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales are growing, year after year.

Average growth of 82% a year over the last 4 years. Red columns mark years that ended in a loss.

$27M
2021
$144.2M
2022
$197.4M
2023
$248M
2024
$297.6M
2025
In the vault right now:
$0
DEBT: $436.7M
At this pace, that money lasts about 32.7 years.

Before the clock runs out, either sales must climb sharply or new money must come in. For now, time is on the company’s side.

Every quarter, analysts set a profit bar.
How many of the last 8 did the company clear?
6 / 8
EXPECTATIONS MET OR BEATEN
6
Aug 2024
Nov 2024
Feb 2025
May 2025
Aug 2025
Nov 2025
Feb 2026
May 2026
6 TIMES IN THE LAST 8 QUARTERS
A mixed scorecard.
THE COUNCIL REVIEW
9

angles, checked one by one.

The 2 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

STRENGTHS
Fat profit per sale, but shrinking10/10
WEAK SPOTS
The stock has lost its spark0/10
THE FIVE-YEAR JOURNEY
Below the peak, but no collapse.

The stock trades 54% below its peak. The market has trimmed its expectations for the company.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 3 years, sales grew about 27% a year on average.

2
THE BRIGHT SIDE · 2/3
The product is selling

Sales run at $297.6M a year. A small number, but proof the product has real buyers.

3
THE BRIGHT SIDE · 3/3
Strong cash, light debt

There is $864.2M in the vault; even if every debt were paid off, $427.5M would remain.

1
THE RISKS · 1/2
Running at a loss

A loss of $26.4M against $297.6M in annual sales.

2
THE RISKS · 2/2
The stock has lost its spark

Since the drop from its peak, buyer appetite hasn’t come back. Council score: 0/10.

FINALE · THE GRADE
B
0 / 100 · MoonshotScore

On our five-subject report card, IMCR sits near the top of the class. A high grade doesn’t mean “guaranteed win” — it means “the evidence looks strong for now.”

The takeaway: IMCR is a high-risk stock — not yet profitable, and its future rides on its product catching on.

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This was a film — not investment advice.
Data: FMP & company filings
Jul 21, 2026 · stockexpertai.com · Stock Film