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Innate Pharma Valuation Multiples
Discover revenue and EBITDA valuation multiples for Innate Pharma and similar public comparables like Alpha Cognition, Heidelberg Pharma, Kotra Industries, vTv Therapeutics and more.
Innate Pharma Overview
About Innate Pharma
Innate Pharma SA is a clinical-stage biotechnology company. It is engaged in developing immunotherapies for cancer patients. Its approach is to harness the innate immune system through therapeutic antibodies and its ANKET (Antibody-based NK cell Engager Therapeutics) proprietary platform. The company's revenue results from payments received to research, collaboration, and licensing agreements signed with pharmaceutical companies. Its product pipeline includes lacutamab, monalizumab, IPH5201, IPH5301, IPH6101, IPH62, IPH6401 and IPH6501.
Founded
1999
HQ

Employees
181
Website
Sectors
Financials (LTM)
EV
$138M
Innate Pharma Financials
Innate Pharma reported last 12-month revenue of $18M and EBITDA of $13M.
In the same LTM period, Innate Pharma generated $13M in EBITDA and had net loss of ($50M).
Revenue (LTM)
Innate Pharma P&L
In the most recent fiscal year, Innate Pharma reported revenue of $10M and EBITDA of ($33M).
Innate Pharma expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $18M | XXX | $10M | XXX | XXX | XXX |
| EBITDA | $13M | XXX | ($33M) | XXX | XXX | XXX |
| EBITDA Margin | 69% | XXX | (316%) | XXX | XXX | XXX |
| EBIT Margin | (269%) | XXX | (544%) | XXX | XXX | XXX |
| Net Profit | ($50M) | XXX | ($57M) | XXX | XXX | XXX |
| Net Margin | (274%) | XXX | (546%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Innate Pharma Stock Performance
Innate Pharma has current market cap of $152M, and enterprise value of $138M.
Market Cap Evolution
Innate Pharma's stock price is $1.62.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $138M | $152M | 1.8% | XXX | XXX | XXX | $-0.60 |
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Start Free TrialInnate Pharma Valuation Multiples
Innate Pharma trades at 7.6x EV/Revenue multiple, and 11.0x EV/EBITDA.
EV / Revenue (LTM)
Innate Pharma Financial Valuation Multiples
As of April 19, 2026, Innate Pharma has market cap of $152M and EV of $138M.
Equity research analysts estimate Innate Pharma's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Innate Pharma has a P/E ratio of (3.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $152M | XXX | $152M | XXX | XXX | XXX |
| EV (current) | $138M | XXX | $138M | XXX | XXX | XXX |
| EV/Revenue | 7.6x | XXX | 13.3x | XXX | XXX | XXX |
| EV/EBITDA | 11.0x | XXX | (4.2x) | XXX | XXX | XXX |
| EV/EBIT | (2.8x) | XXX | (2.4x) | XXX | XXX | XXX |
| P/E | (3.0x) | XXX | (2.7x) | XXX | XXX | XXX |
| EV/FCF | (3.2x) | XXX | (3.4x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Innate Pharma Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Innate Pharma Margins & Growth Rates
Innate Pharma's revenue in the last 12 month grew by 166%.
Innate Pharma's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.4M for the same period.
Innate Pharma's rule of 40 is 1345% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Innate Pharma's rule of X is 2877% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Innate Pharma Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 166% | XXX | 254% | XXX | XXX | XXX |
| EBITDA Margin | 69% | XXX | (316%) | XXX | XXX | XXX |
| EBITDA Growth | 1201% | XXX | (463%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 1345% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 2877% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 128% | XXX | 215% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 296% | XXX | 494% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 637% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Innate Pharma Public Comps
See public comps and valuation multiples for other Biopharmaceuticals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Innate Pharma | XXX | XXX | XXX | XXX | XXX | XXX |
| Alpha Cognition | XXX | XXX | XXX | XXX | XXX | XXX |
| Heidelberg Pharma | XXX | XXX | XXX | XXX | XXX | XXX |
| Kotra Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| vTv Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| Curatis Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Innate Pharma M&A Activity
Innate Pharma acquired XXX companies to date.
Last acquisition by Innate Pharma was on XXXXXXXX, XXXXX. Innate Pharma acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Innate Pharma
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialInnate Pharma Investment Activity
Innate Pharma invested in XXX companies to date.
Innate Pharma made its latest investment on XXXXXXXX, XXXXX. Innate Pharma invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Innate Pharma
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Innate Pharma
| When was Innate Pharma founded? | Innate Pharma was founded in 1999. |
| Where is Innate Pharma headquartered? | Innate Pharma is headquartered in France. |
| How many employees does Innate Pharma have? | As of today, Innate Pharma has over 181 employees. |
| Who is the CEO of Innate Pharma? | Innate Pharma's CEO is Jonathan Elliott Dickinson. |
| Is Innate Pharma publicly listed? | Yes, Innate Pharma is a public company listed on Euronext Paris. |
| What is the stock symbol of Innate Pharma? | Innate Pharma trades under IPH ticker. |
| When did Innate Pharma go public? | Innate Pharma went public in 2015. |
| Who are competitors of Innate Pharma? | Innate Pharma main competitors are Alpha Cognition, Heidelberg Pharma, Kotra Industries, vTv Therapeutics. |
| What is the current market cap of Innate Pharma? | Innate Pharma's current market cap is $152M. |
| What is the current revenue of Innate Pharma? | Innate Pharma's last 12 months revenue is $18M. |
| What is the current revenue growth of Innate Pharma? | Innate Pharma revenue growth (NTM/LTM) is 166%. |
| What is the current EV/Revenue multiple of Innate Pharma? | Current revenue multiple of Innate Pharma is 7.6x. |
| Is Innate Pharma profitable? | Yes, Innate Pharma is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Innate Pharma? | Innate Pharma's last 12 months EBITDA is $13M. |
| What is Innate Pharma's EBITDA margin? | Innate Pharma's last 12 months EBITDA margin is 69%. |
| What is the current EV/EBITDA multiple of Innate Pharma? | Current EBITDA multiple of Innate Pharma is 11.0x. |
| What is the current FCF of Innate Pharma? | Innate Pharma's last 12 months FCF is ($43M). |
| What is Innate Pharma's FCF margin? | Innate Pharma's last 12 months FCF margin is (236%). |
| What is the current EV/FCF multiple of Innate Pharma? | Current FCF multiple of Innate Pharma is (3.2x). |
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