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Companies / Health Care / ImmuCell Corporation
ICCC

ImmuCell Corporation

Health CareChemicals
Ticker ICCCPORTLAND, MEFiscal year ends DecemberBook value per share $3.44Diluted shares 9.1M

ImmuCell Corporation (Nasdaq: ICCC) develops, manufactures and commercializes animal health products intended to improve the health and survivability of newborn dairy and beef calves. Its primary business is the First Defense® line, made from hyperimmunized bovine colostrum and formulated to deliver pathogen-specific… From the company’s description.

Over the twelve months to Jun 30, 2026, ImmuCell Corporation reported revenue of $30.68M, up 8.5% from a year earlier, and net income of $0.79M. Its operating margin was 12.6%, and operations generated $5.89M in cash. In fiscal 2025, it reported revenue of $27.64M, up 4.3% from fiscal 2024, and a net loss of $1.04M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$27.64MFY2025
+4.3% year over year
Last 12 mo $30.68M
5.97%FY2025
+12.2 percentage points
Last 12 mo 12.60%
$-1.04MFY2025
+51.8% year over year
Last 12 mo $0.79M
-3.84%FY2025
+4 percentage points
Last 12 mo 2.51%
Cash & financing
$2.48MFY2025
+591.6% year over year
Last 12 mo $5.89M
$1.22MFY2025
+1236.0% year over year
Last 12 mo $4.21M
0.34FY2025
Was 0.38× a year earlier
Last 12 mo 0.26
9.0MFY2025
+10.5% year over year
Last 12 mo 9.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What ImmuCell Corporation does

In the company’s own words

ImmuCell Corporation (Nasdaq: ICCC) develops, manufactures and commercializes animal health products intended to improve the health and survivability of newborn dairy and beef calves. Its primary business is the First Defense® line, made from hyperimmunized bovine colostrum and formulated to deliver pathogen-specific antibodies that help prevent calf scours. Products include Dual-Force® and Tri-Shield® single-dose boluses and gels, as well as First Defense Technology® bulk powders for larger calf-rearing operations; the company also sells a California Mastitis Test for on-farm diagnosis. Customers include dairy and beef producers, calf ranches, veterinary clinics and animal health distributors, which distribute products domestically and internationally. First Defense® generated 99% of product sales in 2025. ImmuCell focuses on this product franchise and has paused investment in Re-Tain®, a treatment for subclinical mastitis, while completing studies and exploring licensing or partnership opportunities. The company had 73 employees and manufactured approximately 4.6 million units in 2025. Its website is https://www.immucell.com.

Company details
Sector
Health Care
Industry (SIC)
Chemicals
Headquarters
PORTLAND, ME
Fiscal year end
December
CIK
811641
SIC
2835

Financial performance, year by year

Fiscal 2011–2025 · USD
$-9.42M$1.52M$12.45M$23.39M$34.32M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns ImmuCell Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

24
funds hold it
0 of 35
superinvestors hold it
$3.88M
held by funds, at market
4.3%
of shares held by funds

Largest fund holders · ImmuCell Corporation’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%of fund net assets
U.S. CORE EQUITY 2 PORTFOLIO
DFQTX · DFA INVESTMENT DIMENSIONS GROUP INC
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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