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Immunovant, Inc. IMVT United States — Net operating loss carry forwards

Other geography segments

Switzerland
$279M-74.5%

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Other financials

Income statement

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Net income-$147.9M-38.9%
EPS (diluted)-$0.73-15.9%

Balance sheet

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Cash & equivalents$902.1M+26.4%
Total debt$72.0K-26.5%
Total equity$852.6M+20.5%
Total assets$957.0M+23.3%

Cash flow

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Operating cash flow-$95.1M+14.1%
CapEx$8.0K-96.0%
Free cash flow-$95.1M+14.2%

Valuation

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Market cap$8.21B+201%
Enterprise value$7.31B+89.7%

Returns & leverage

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Return on equity-64.8%+2.5pp
Debt / equity0.0×
Current ratio9.1×-2.1×

Where this comes from

Reported directly by Immunovant, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingLossCarryforwards.

The source filing: Immunovant, Inc.’s 10-K, filed May 20, 2026.

Filed
May 20, 2026, 7:28 AM EDT
Fiscal year
FY2026
Accession
0001764013-26-000064

The Company recorded an income tax benefit predominantly related to the internal reorganization, reducing the provision for income taxes to $0.2 million for the year ended March 31, 2026. Further, a new deferred tax asset was created as reflected above related to capitalized research and development expenses that will be deductible in the U.S. in future periods. As of March 31, 2026, the Company has gross net operating loss carryforwards in Switzerland of $279.0 million, which decreased from $1,094.6 million as of March 31, 2025 primarily due to utilization caused by the transfer of intellectual property, and will begin to expire as of March 31, 2032. Additionally, as of March 31, 2026, the Company has gross net operating loss carryforwards in the U.S. of $195.2 million, which increased from $48.7 million as of March 31, 2025, driven by the internal reorganization and can be carried forward indefinitely with utilization limited to 80% of future taxable income. The Company has research and development and orphan drug credit carryforwards in the U.S. of $53.7 million as of March 31, 2026, which begin to expire as of March 31, 2039.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Immunovant, Inc.'s united states — net operating loss carry forwards?
Immunovant, Inc. (IMVT) reported united states — net operating loss carry forwards of $195.2M in Q1 2026.
How has Immunovant, Inc.'s united states — net operating loss carry forwards changed year-over-year?
Immunovant, Inc.'s united states — net operating loss carry forwards increased by 300.8% year-over-year, from $48.7M to $195.2M.
What does united states — net operating loss carry forwards mean?
Represents the accumulated tax losses from prior periods that can be applied to offset future taxable income within the United States. These carryforwards serve as a valuable tax asset that can reduce future cash tax liabilities. Investors track this to estimate the potential for future tax savings as the company moves toward profitability.

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