Immunome Inc.
For the period ended Jun 30, 2026. Filed Aug 11, 2026.
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Jun 30, 2026 · Filed Aug 11, 2026
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8. Leases
Between October 2023 and June 2025, the Company entered into, and amended, facilities leases for approximately 53,000 square feet of office and laboratory space in Bothell, Washington. As part of the amended lease agreements, the Company has the right to receive tenant improvement allowances in the aggregate of up to $9.3 million for leasehold improvements, which are accounted for as lease incentives. The Bothell lease expires on March 31, 2033, and includestwo five-year renewal options that are not included in the lease term as it is not reasonably certain that they will be exercised.
In April 2026, the Company entered into an additional lease for approximately 16,000 square feet of office space in Bothell, Washington. The lease expires on August 31, 2031 and includesone five-year renewal option that is not included in the lease term as it is not reasonably certain that it will be exercised.
The Company recorded operating lease expense of $0.3 million and $0.5 million for the three and six months ended June 30, 2026, respectively, and $0.3 million and $0.6 million for thethree and six months ended June 30, 2025, respectively. Under the terms of the lease agreements, the Company is also responsible for certain variable lease payments that are not included in the measurement of the lease liability. The Company incurred variable lease costs of $0.2 million and $0.3 million for the three and six months ended June 30, 2026, respectively, and $0.1 million and $0.2 million for thethree and six months ended June 30, 2025, respectively.
Other information related to the Company’s operating leases was as follows:
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| Weighted-average remaining lease term (in years) | 6.30 | 7.25 |
| Weighted-average discount rate | 8.8% | 8.7% |
Supplemental cash flow information related to the Company’s operating leases was as follows (in thousands):
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash paid for operating lease liabilities | $621 | $245 |
The Company’s future minimum lease payments were as follows as of June 30, 2026 (in thousands):
| Years ending December 31, | Amount |
|---|---|
| 2026 (represents remaining six months in 2026) | $954 |
| 2027 | 2,659 |
| 2028 | 2,720 |
| 2029 | 2,782 |
| 2030 | 2,846 |
| 2031 and thereafter | 6,054 |
| Total lease payments | 18,015 |
| Less: imputed interest | (3,937) |
| Less: tenant improvement allowance not yet received | (9,338) |
| Present value of operating lease liabilities | $4,740 |
The Company received $6.8 million of the tenant improvement allowance in July 2026.
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