# Inovio Pharmaceuticals, Inc.: overview

INO · Nasdaq · CIK 1055726 · [Healthcare](/sectors/healthcare.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/ino.md) · [Financials](/companies/ino/financials.md) · [Filings](/companies/ino/filings.md) · [Insiders](/companies/ino/insiders.md)

Latest reported revenue: [$0](/filings/0001055726-26-000023.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 12, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001055726-26-000023).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [0.0](/filings/0001055726-25-000063.md) | [0.1 d](/filings/0001055726-26-000008.md) | [0.1](/filings/0001055726-26-000018.md) | [0.0](/filings/0001055726-26-000023.md) | [0.0](/filings/0001055726-25-000063.md) | [0.0 d](/filings/0001055726-26-000008.md) | [0.0](/filings/0001055726-26-000018.md) | [0.0](/filings/0001055726-26-000023.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | [(17410.8%) d](/filings/0001055726-26-000008.md) | [(38337.0%)](/filings/0001055726-26-000018.md) | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | [(16566.4%) d](/filings/0001055726-26-000008.md) | [(30140.5%)](/filings/0001055726-26-000023.md) | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [(0.89)](/filings/0001055726-25-000063.md) | not reported | [(0.51)](/filings/0001055726-26-000018.md) | [(0.61)](/filings/0001055726-26-000023.md) | [(0.87)](/filings/0001055726-25-000063.md) | not reported | [(0.28)](/filings/0001055726-26-000018.md) | [(0.07)](/filings/0001055726-26-000023.md) |
| Free cash flow | $m | [(27.4) d](/filings/0001055726-25-000063.md) | [(19.7) d](/filings/0001055726-26-000008.md) | [(26.9)](/filings/0001055726-26-000018.md) | [(20.8) d](/filings/0001055726-26-000023.md) | [(21.6) d](/filings/0001055726-25-000063.md) | [(19.5) d](/filings/0001055726-26-000008.md) | [(21.6)](/filings/0001055726-26-000018.md) | [(18.0) d](/filings/0001055726-26-000023.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1.8](/filings/0001055726-24-000011.md) | [10.3](/filings/0001055726-24-000011.md) | [0.8](/filings/0001055726-25-000012.md) | [0.2](/filings/0001055726-26-000008.md) | [0.1](/filings/0001055726-26-000008.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(16972.3%)](/filings/0001055726-24-000011.md) | [(2607.4%)](/filings/0001055726-24-000011.md) | [(17300.3%)](/filings/0001055726-25-000012.md) | [(51616.9%)](/filings/0001055726-26-000008.md) | [(132871.3%)](/filings/0001055726-26-000008.md) |
| Net margin | % | [(17109.9%)](/filings/0001055726-24-000011.md) | [(2726.7%)](/filings/0001055726-24-000011.md) | [(16239.9%)](/filings/0001055726-25-000012.md) | [(49254.3%)](/filings/0001055726-26-000008.md) | [(130000.0%)](/filings/0001055726-26-000008.md) |
| Diluted EPS | $ per share | [(17.45)](/filings/0001055726-24-000011.md) | [(14.07)](/filings/0001055726-24-000011.md) | [(6.09)](/filings/0001055726-25-000012.md) | [(3.95)](/filings/0001055726-26-000008.md) | [(1.81)](/filings/0001055726-26-000008.md) |
| Free cash flow | $m | [(217)](/filings/0001055726-24-000011.md) | [(217)](/filings/0001055726-24-000011.md) | [(125)](/filings/0001055726-25-000012.md) | [(105)](/filings/0001055726-26-000008.md) | [(88.9)](/filings/0001055726-26-000008.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ino/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $9.3m | 8,454,797 |  | Reduced −884,817 |
| [JANUS HENDERSON GROUP PLC](/funds/1274173.md) | 2026-03-31 | $5.8m | 3,308,406 |  | Not compared |
| [Jupiter Topco LLC](/funds/2146052.md) | 2026-06-30 | $5.7m | 5,171,053 |  | Not compared |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $4.0m | 3,650,562 |  | Added +749,354 |
| [Boxer Capital Management, LLC](/funds/2018299.md) | 2026-06-30 | $3.1m | 2,844,994 |  | Added +474,872 |
| [ADAR1 Capital Management, LLC](/funds/1940272.md) | 2026-06-30 | $2.4m | 2,143,910 |  | Added +673,802 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $1.7m | 1,520,400 | Call | Added +1,251,700 |
| [D. E. Shaw & Co., Inc.](/funds/1009207.md) | 2026-06-30 | $1.5m | 1,351,656 |  | Reduced −861,163 |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $1.4m | 1,239,778 |  | Added +849,394 |
| [Eversept Partners, LP](/funds/1697013.md) | 2026-06-30 | $1.1m | 1,035,360 |  | Unchanged |

## Recent filings

[All 948 filings](/companies/ino/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-06 | 20:06 ET | [8-K](/filings/0001193125-26-415555.md) | 5.03 Amendment to articles or bylaws; 9.01 Financial statements and exhibits | 0001193125-26-415555 |
| 2026-08-12 | 20:07 ET | [8-K](/filings/0001055726-26-000024.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001055726-26-000024 |
| 2026-08-12 | 20:00 ET | [10-Q](/filings/0001055726-26-000023.md) | Quarterly report, period 2026-06-30 | 0001055726-26-000023 |
| 2026-07-31 | 11:23 ET | [8-K](/filings/0001193125-26-326785.md) | 1.01 Entry into a material agreement; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-326785 |
| 2026-07-29 | 20:03 ET | [8-K](/filings/0001193125-26-323628.md) | 2.02 Results of operations | 0001193125-26-323628 |
| 2026-05-20 | 20:01 ET | [8-K](/filings/0001193125-26-232524.md) | 5.03 Amendment to articles or bylaws; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-232524 |
| 2026-05-13 | 20:07 ET | [8-K](/filings/0001055726-26-000019.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001055726-26-000019 |
| 2026-05-13 | 20:01 ET | [10-Q](/filings/0001055726-26-000018.md) | Quarterly report, period 2026-03-31 | 0001055726-26-000018 |
| 2026-04-07 | 20:11 ET | [DEF 14A](/filings/0001055726-26-000011.md) | Proxy statement, period 2026-05-20 | 0001055726-26-000011 |
| 2026-04-06 | 11:03 ET | [8-K](/filings/0001193125-26-142885.md) | 1.01 Entry into a material agreement; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-142885 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001055726-26-000008.md), filed Mar 12, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/d6d85f85-bae6-4f67-adf1-94797eed1789)

## About the filer

- CIK: 1055726
- Tickers: INO
- Exchange: Nasdaq
- SIC code: 2834 Pharmaceutical Preparations
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:31 ET. No prices; not investment advice.
