Company Analysis

Inovio Pharmaceuticals, Inc. (INO)

Nasdaq: INO · Pharmaceutical Preparations · Plymouth Meeting, PA · filing with the SEC since 1999
Grade3.5
◀ Past 3.2● Present 3.3▶ Future 3.9
1 est.

The grade of Inovio Pharmaceuticals, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.5/10
◀ Past3.225% of the headline
● Present3.335% of the headline
▶ Future3.940% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.2/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
5.0/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2023-11-02.

weight 22% of this tense · 50th percentile among 497 sector filers · read for itself

From the record

Inovio Pharmaceuticals, Inc.'s filings since 2017 show 1 warning event: a notice about its exchange listing (8-K item 3.01, the latest 2023-11-02) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.7/10

What has it actually done, year after year?

-50.3% a year over 10 filed years; profitable in 0 of 10.

weight 45% of this tense · 17th percentile among 323 sector filers · read for its customers

From the record

Inovio Pharmaceuticals, Inc.'s 10 filed years say what it did: revenue went from $35 million in fiscal 2016 to $65 thousand in fiscal 2025, down 50.3% a year; it rose in 3 of 9 years; the deepest fall was 100% from fiscal 2017 to fiscal 2025; net income was positive in 0 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-50.3%bottom 4% of its family
  • the share of years revenue rosebottom 17% of its family
  • the share of filed years with a profitbottom 27% of its family
  • the deepest fall from a revenue peak99.8%bottom 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
3.9/10

How has it treated the people who own it?

SI estimate 3.9/10, confidence 35 of 100 (one part).

weight 33% of this tense · 39th percentile among 464 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 39% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 464 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Inovio Pharmaceuticals, Inc.'s shareholder treatment is put at 3.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 39% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.3/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
1.9/10

Is it financially healthy right now?

ROE -353%: lost 353¢ per shareholder dollar. Leverage 68%: owes 68¢ per asset dollar.

weight 45% of this tense · 19th percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Inovio Pharmaceuticals, Inc. lost about 353 cents for every dollar of shareholders' money. Leverage: it owed about 68 cents per dollar of assets, and net share issuance: its share count grew 72.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 22% of its family
  • return on equitybottom 7% of its family
  • the share count against the year beforebottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
0.4/10

How strong is its position in its industry?

bottom 4% of 315 in its family; net margin -130000%.

weight 22% of this tense · 4th percentile among 315 sector filers · read for its customers

From the record

Inovio Pharmaceuticals, Inc.'s standing among 315 graded names in its industry family: revenue of $65 thousand in fiscal 2025 ranks in the bottom 7% by size; a net margin of -130000% ranks in the bottom 2%; revenue growth of -81.5% a year over the last 3 filed years ranks in the bottom 3% (its annual reports).

What it rests on

  • revenue against the family$65,343bottom 7% of its family
  • net margin-130000.0%bottom 2% of its family
  • three-year revenue growth-81.5%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
7.2/10

What are the people in charge doing?

top 28% of 315 in its family for leadership; chief executive since 2022.

weight 33% of this tense · 72nd percentile among 315 sector filers · read for its shareholders

From the record

Inovio Pharmaceuticals, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Shea, Jacqueline Elizabeth (Chief Executive Officer, as filed), filing under that title since 2022-05-11, 4.5 years (bottom 45% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 7.7 years (top 22%); 1 officer or director change was reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 5%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge1 in three years among 11 peopletop 5% of its family
  • the median years the people in charge have filed7.7 yearstop 22% of its family
  • the chief executive's years on the record4.5 yearsbottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.9/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.7/10

How much room does it have to grow?

top 43% of 273 in its family for room to expand.

weight 33% of this tense · 57th percentile among 273 sector filers · read for itself

From the record

Inovio Pharmaceuticals, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $44 million against no long-term debt tagged leaves 59.6% of its assets as net cash, top 27% of its family; cash from operations less capital spending is -136074.5% of revenue (bottom 1%); research spending of 82957.4% of revenue (top 2%) (its annual report).

What it rests on

  • cash less debt against assets59.6%top 27% of its family
  • cash from operations less capital spending against revenue-136074.5%bottom 1% of its family
  • research spending against revenue82957.4%top 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
1.9/10

What could actually drive growth from here?

bottom 19% of 306 in its family for growth drivers.

weight 45% of this tense · 19th percentile among 306 sector filers · read for its customers

From the record

Inovio Pharmaceuticals, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -81.5% a year over the last three filed years against -50.3% over all 10, slowing (bottom 19% of its family); the newest year grew -70% (bottom 10%); research spending grew -33.9% a year (bottom 11%); capital spending grew -33.4% a year (bottom 35%) (its annual reports). Inovio Pharmaceuticals, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-31.1 points a yearbottom 19% of its family
  • the newest year's revenue growth-70.0%bottom 10% of its family
  • three-year growth of research spending-33.9%bottom 11% of its family
  • three-year growth of capital spending-33.4%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.2/10

Did its newest year beat what its own record pointed to?

top 48% of 233 in its family for expectations against reality.

weight 22% of this tense · 52nd percentile among 233 sector filers · read for its shareholders

From the record

Inovio Pharmaceuticals, Inc.'s newest year against its own record: revenue of $65 thousand in fiscal 2025 came in 105.7% above the $32 thousand its prior three years' pace pointed to (top 14% of its family); net income of $85 million against a prior three-year average of $174 million (top 31%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 2%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace105.7%top 14% of its family
  • net income against the prior three years' average+51%top 31% of its family
  • net margin against its prior averagedown more than 100 pointsbottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton INO · research, not advice