ImmunoPrecise Antibodies Ltd.

ImmunoPrecise Antibodies Ltd.

IPA
ImmunoPrecise Antibodies Ltd.US flagNASDAQ Global Market
1.62
USD
+0.04
- -
74.77MMarket Cap
ImmunoPrecise Antibodies Ltd.
IPA
(NASDAQ Global Market)

Recent

price

1.62

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
- -
- -
- -
0.99
0.66
0.6
0.87
1.03
1.09
0.98
0.83
0.96
0.73
0.63
Revenue per Share
-9.62
-0.5
-0.18
0.11
-0.11
-0.06
0.08
-1.36
-0.57
-0.61
-0.36
-0.45
-0.85
-1.07
-1.02
-0.91
-0.82
Basic EPS, GAAP
-9.61
-0.25
-0.01
-0.18
-0.07
-0.01
0.14
-0.32
-0.41
-0.31
-0.14
-0.12
-0.57
-0.86
-0.18
-0.22
-0.27
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.03
0.02
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-33.75
-2.56
-2.83
-2.17
-2.72
-2.78
0.47
0.73
1.18
1.21
0.85
3.05
3.46
1.78
0.83
0.23
0.13
Book Value per Share
0.29
-0.22
-0.41
-0.24
-0.38
-0.44
0.47
0.78
0.41
- -
-0.08
2.62
1.18
0.31
0.17
0.43
0.58
Tangible Book Value per Share
1
1
1
1
1
1
2
4
9
13
14
16
20
25
26
33
36
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
2
3
5
11
14
18
19
21
25
25
22
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
12.39
-50.29
-87.49
-56.97
-27.22
-23.31
-86.1
-123.93
-56.13
-49.74
-52.29
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
2
3
4
4
7
6
5
5
Depreciation Expense
-5
- -
- -
- -
- -
- -
- -
-5
-5
-8
-5
-7
-17
-27
-26
-30
-29
Net Income, GAAP
- -
- -
- -
- -
- -
- -
37.76
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
7.97
-204.67
-95.03
-69.72
-35.19
-40.98
-86.29
-128.53
-106.51
-123.3
-130.23
Profit Margin (%)
- -
- -
- -
- -
- -
- -
1
2
- -
1
- -
43
28
11
3
10
20
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
4
- -
2
2
- -
6
12
12
3
LT Debt
- -
- -
- -
- -
- -
- -
1
3
13
18
15
57
75
58
36
24
21
Total Equity
- -
- -
- -
- -
- -
- -
39.38
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
-5.02
- -
- -
-57.28
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
-283.21
-75.98
-58.73
-36.88
-23.72
-28.25
-47.25
-79.62
-210.03
-262.14
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Jan'25
Apr'25
Jul'26
ST Debt
2
2
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
11
12
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
46
Market Capitalization
20
18
82

Working Capital

FRC

in mil. unless spec.
Jan'25
Apr'25
Jul'26
Total Current Assets
21
19
36
Cash, Cash Equivalents & STI
13
11
32
Accounts Receivable, Net
4
4
2
Inventories
2
2
1
Total Current Liabilities
9
9
17
Payables & Accruals
5
6
3
ST Debt
2
2
- -
Deferred Revenue
2
1
1

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
31.35%
42.86%
-33.78%
Free Cash Flow
-707.62%
104.83%
57.37%
Net Income, GAAP
-398.14%
49.81%
15.77%
Sales/Revenue/Turnover
- -
12.18%
0.01%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6
6
6
6
25
2025
2
6
6
7
25
2026
3
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.14
-0.1
-0.1
- -
-1.02
2025
-0.15
-0.09
-0.66
- -
-0.91
2026
-0.06
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
ImmunoPrecise Antibodies Ltd., operating through its subsidiaries across North America and Europe, is a biotechnology firm specializing in the discovery and development of therapeutic antibodies. The company has shifted its strategic focus to integrate artificial intelligence (AI) and proprietary technologies to accelerate biotherapeutic drug discovery. ImmunoPrecise offers an end-to-end suite of capabilities for the development of next-generation antibody therapeutics. Its core services include custom antibody discovery and development, leveraging advanced platforms like its proprietary LENSai™ platform and HYFT® technology for in silico and wet-lab approaches. These tools aid in areas such as target analysis, immunization, antibody characterization, developability profiling, optimization, and preclinical services. While a portion of its revenue still comes from product sales like antibodies, enzymes, and proteins for research, the company's primary revenue model is now driven by providing specialized antibody discovery and development services to pharmaceutical and biotechnology companies on a fee-for-service basis. Additional income streams are anticipated from milestone payments, royalties, and licensing fees derived from its internal therapeutic pipeline candidates and proprietary technologies. The target market consists of pharmaceutical and biotechnology companies globally seeking advanced solutions for complex drug discovery challenges. Recently, ImmunoPrecise has undertaken significant strategic initiatives, including a rebranding to MindWalk and a change of its NASDAQ ticker to "HYFT," signaling its evolution into a Bio-Native AI platform company. The company divested its Netherlands facilities to AVS Bio to further sharpen its focus on AI-driven innovation. Notable collaborations include a strategic partnership valued at $8-10 million with an undisclosed leading biotech company for the development of novel cancer therapeutics, specifically Antibody-Drug Conjugates (ADCs) and bispecific antibodies, utilizing its B-cell Select™ platform and AI capabilities. ImmunoPrecise also partnered with RIBOPRO to advance mRNA-driven antibody discovery and with Aldevron, LLC to optimize GLP-1 alternatives for nucleic acid-based expression systems. The company has made breakthroughs in AI-designed GLP-1 therapies, demonstrating comparable or superior receptor activation to existing treatments, and advanced its AI-discovered universal dengue vaccine initiative into preclinical antibody generation. Its unique value proposition lies in combining decades of wet-lab expertise with cutting-edge AI and multi-omics modeling to offer an integrated, end-to-end platform that aims to accelerate and de-risk the discovery and development of novel biotherapeutics with enhanced precision and efficiency. Established in 1983, the company is headquartered in Austin, Texas.

Company News

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  • AVS Bio, an Arlington Capital Partners Portfolio Company, Expands Antibody Discovery and Protein Production Capabilities With Acquisition of ImmunoPrecise Antibodies Europe From ImmunoPrecise Antibodies Ltd.

  • ImmunoPrecise Antibodies Ltd. Divests Netherlands Facilities to AVS Bio to Accelerate Bio-Native AI Innovation

  • ImmunoPrecise (IPA) Q4 2025 Earnings Transcript

  • ImmunoPrecise Antibodies Ltd. (IPA) Q4 2025 Earnings Conference Call Transcript

  • ImmunoPrecise Antibodies Ltd. (IPA) Reports Q4 Loss, Lags Revenue Estimates

  • ImmunoPrecise Antibodies (IPA) Reports Full Fiscal Year 2025 Results, Record Fourth Quarter Revenue, and Record Fourth Quarter Adjusted EBITDA

  • ImmunoPrecise Releases New Findings Showing LENSai™ Quickly Flags Anti-Drug-Antibody Risk—Long Before the Clinic

  • ImmunoPrecise Appoints Healthcare Data Visionary Jeff Fried to Advisory Board

  • IPA to Report Financial Results and Recent Business Highlights for Fourth Quarter and Full Fiscal Year 2025 on July 29, 2025

  • ImmunoPrecise Regains Compliance with Nasdaq Minimum Bid Price Requirement

  • ImmunoPrecise Antibodies Appoints Industry Veteran Jon Lieber to Board of Directors

  • ImmunoPrecise Validates LENSai Epitope Mapping Platform Across Broad Range of Unseen Therapeutic Targets Beyond Training Data