Inovio Pharmaceuticals (INO)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	21.69 mm	21.69 mm	21.69 mm	21.69 mm	21.69 mm	21.69 mm
Cash burn (monthly)	4.23 mm	(no burn)	9.12 mm	9.95 mm	9.15 mm	9.22 mm
Cash used (since last report)	22.84 mm	n/a	49.17 mm	53.68 mm	49.35 mm	49.76 mm
Cash remaining	-1.16 mm	n/a	-27.49 mm	-32.00 mm	-27.66 mm	-28.07 mm
Runway (months of cash)	-0.3	n/a	-3.0	-3.2	-3.0	-3.0

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

INO institutional ownership history Ownership history

37.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	104	100	+4.0%
Opened positions	23	20	+15.0%
Closed positions	19	19	–
Increased positions	35	26	+34.6%
Reduced positions	13	20	-35.0%

13F shares	Current	Prev Q	Change
Total value	24.26 bn	49.00 bn	-50.5%
Total shares	13.34 mm	8.57 mm	+55.8%
Total puts	40.96 k	157.07 k	-73.9%
Total calls	193.54 k	237.38 k	-18.5%
Total put/call ratio	0.2	0.7	-68.0%

Largest owners	Shares	Value	Change
Deep Track Capital	3.12 mm	$5.71 bn	+72.9%
BlackRock	1.91 mm	$3.49 bn	+1.2%
Vanguard	1.67 mm	$3.06 bn	-6.9%
Stonepine Capital Management	1.05 mm	$1.92 bn	NEW
AIGH Capital Management	654.12 k	$1.20 bn	NEW
BAC Bank of America	640.99 k	$1.17 bn	+1035.2%
Geode Capital Management	628.51 k	$1.15 bn	+1.1%
STT State Street	504.31 k	$922.88 mm	+2.8%
Highbridge Capital Management	300.00 k	$549.00 mm	NEW
GS The Goldman Sachs Group, Inc.	290.44 k	$531.50 mm	+296.8%

Largest transactions	Shares	Bought/sold	Change
Deep Track Capital	3.12 mm	+1.31 mm	+72.9%
Stonepine Capital Management	1.05 mm	+1.05 mm	NEW
AIGH Capital Management	654.12 k	+654.12 k	NEW
BAC Bank of America	640.99 k	+584.52 k	+1035.2%
Highbridge Capital Management	300.00 k	+300.00 k	NEW
Ubs Oconnor	225.00 k	+225.00 k	NEW
GS The Goldman Sachs Group, Inc.	290.44 k	+217.25 k	+296.8%
UBS UBS	176.97 k	+163.26 k	+1190.4%
Vanguard	1.67 mm	-124.37 k	-6.9%
Wolverine Asset Management	97.40 k	+97.40 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

INO insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Feb 25	Laurent Humeau	RSU Common Stock	Grant	Acquire A	No	No	0	22,098	0.00	22,098
27 Feb 25	Laurent Humeau	Common Stock Option Common Stock	Grant	Acquire A	No	No	1.94	27,402	53.16 k	27,402
27 Feb 25	Michael John Sumner	RSU Common Stock	Grant	Acquire A	No	No	0	34,650	0.00	34,650
27 Feb 25	Michael John Sumner	Common Stock Option Common Stock	Grant	Acquire A	No	No	1.94	42,900	83.23 k	42,900
27 Feb 25	Jacqueline Elizabeth Shea	RSU Common Stock	Grant	Acquire A	No	No	0	85,201	0.00	85,201
27 Feb 25	Jacqueline Elizabeth Shea	Common Stock Option Common Stock	Grant	Acquire A	No	No	1.94	105,649	204.96 k	105,649
27 Feb 25	Peter Kies	RSU Common Stock	Grant	Acquire A	No	No	0	31,900	0.00	31,900
27 Feb 25	Peter Kies	Common Stock Option Common Stock	Grant	Acquire A	No	No	1.94	39,050	75.76 k	39,050
26 Feb 25	Laurent Humeau	Common Stock	Payment of exercise	Dispose F	No	No	1.98	2,059	4.08 k	29,559
26 Feb 25	Laurent Humeau	Common Stock	Option exercise	Acquire M	No	No	0	5,010	0.00	31,618