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IOVA (Iovance Biotherapeutics, Inc.) Stock Financials & Earnings | Market Cap Arena
IOVA
Iovance Biotherapeutics, Inc.
Mkt Cap
$2B
Healthcare
·
Biotechnology
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$264M
Net Income (TTM)
-$391M
EPS (TTM)
-$1.09
Free Cash Flow (TTM)
-$336M
Gross Margin
97.2%
Op. Margin
-153.1%
Net Margin
-148.4%
FCF Margin
-127.6%
P/S Ratio (TTM)
6.5x
P/E Ratio (TTM)
—
YoY Rev Growth
+60.6%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$0
$0
-$111M
Q2 23
$238K
-$2M
-$110M
Q3 23
$469K
-$4M
-$118M
Q4 23
$482K
-$4M
-$121M
Q1 24
$715K
-$7M
-$118M
Q2 24
$31M
-$262K
-$102M
Q3 24
$59M
$19M
-$89M
Q4 24
$74M
$28M
-$87M
Q1 25
$49M
-$417K
-$121M
Q2 25
$60M
$3M
-$114M
Q3 25
$67M
$66M
-$95M
Q4 25
$87M
$187M
-$73M
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Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
—
—
Q2 23
7212.1x
—
Q3 23
2427.8x
—
Q4 23
1443.6x
—
Q1 24
901.5x
—
Q2 24
52.4x
—
Q3 24
18.9x
—
Q4 24
10.5x
—
Q1 25
8.1x
—
Q2 25
7.1x
—
Q3 25
6.9x
—
Q4 25
6.5x
—
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$100M
-$105M
Q2 23
-$94M
-$103M
Q3 23
-$84M
-$88M
Q4 23
-$84M
-$87M
Q1 24
-$122M
-$126M
Q2 24
-$98M
-$99M
Q3 24
-$59M
-$61M
Q4 24
-$73M
-$77M
Q1 25
-$104M
-$110M
Q2 25
-$67M
-$75M
Q3 25
-$79M
-$90M
Q4 25
-$53M
-$62M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$6M
Q2 23
$10M
Q3 23
$4M
Q4 23
$4M
Q1 24
$4M
Q2 24
$442K
Q3 24
$2M
Q4 24
$4M
Q1 25
$6M
Q2 25
$7M
Q3 25
$11M
Q4 25
$9M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
—
+20.9%
Q2 23
—
+10.6%
Q3 23
—
+18.4%
Q4 23
—
+13.7%
Q1 24
—
+6.8%
Q2 24
+12969.7%
+20.6%
Q3 24
+12384.9%
+24.2%
Q4 24
+15189.2%
+31.7%
Q1 25
+6798.5%
+44.0%
Q2 25
+92.7%
+30.6%
Q3 25
+15.2%
+10.0%
Q4 25
+17.7%
-0.0%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$16M
—
Q2 23
$17M
7033.6%
Q3 23
$16M
3373.3%
Q4 23
$14M
2987.3%
Q1 24
$17M
2402.5%
Q2 24
$30M
97.9%
Q3 24
$31M
53.0%
Q4 24
$31M
42.0%
Q1 25
$23M
46.5%
Q2 25
$15M
24.9%
Q3 25
$0
0.0%
Q4 25
$12M
13.6%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
SG&A
Quarter
R&D
G&A
S&M
SG&A
Q1 23
$83M
$28M
—
—
Q2 23
$86M
—
—
$22M
Q3 23
$88M
—
—
$27M
Q4 23
$87M
—
—
$30M
Q1 24
$80M
$8M
$18M
—
Q2 24
$62M
—
—
$34M
Q3 24
$68M
$40M
—
—
Q4 24
$72M
—
—
$43M
Q1 25
$77M
$11M
$33M
—
Q2 25
$79M
—
—
$38M
Q3 25
$75M
—
—
$35M
Q4 25
$69M
—
—
$36M
marketcaparena.com
Revenue by Geography
Non-US
United States
Quarter
Non-US
United States
Q4 23
$500K
—
Q1 24
$700K
—
Q2 24
$1M
$30M
Q3 24
$740K
$58M
Q1 25
$804K
$49M
Q2 25
$1M
$59M
Q3 25
$1M
$66M
Q4 25
$1M
$85M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$543M
$83M
$626M
Q2 23
$230M
$21M
$251M
Q3 23
$268M
$94M
$361M
Q4 23
$115M
$165M
$280M
Q1 24
$134M
$222M
$356M
Q2 24
$229M
$184M
$413M
Q3 24
$164M
$233M
$397M
Q4 24
$116M
$208M
$324M
Q1 25
$172M
$188M
$360M
Q2 25
$132M
$169M
$301M
Q3 25
$158M
$143M
$301M
Q4 25
$163M
$134M
$297M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
214M
+29.7%
Q2 23
224M
+5.0%
Q3 23
246M
+9.5%
Q4 23
256M
+4.1%
Q1 24
266M
+4.0%
Q2 24
285M
+7.0%
Q3 24
303M
+6.5%
Q4 24
305M
+0.5%
Q1 25
323M
+5.9%
Q2 25
335M
+3.6%
Q3 25
364M
+8.8%
Q4 25
407M
+11.8%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$0
14
FY 15
$0
20
FY 16
$0
51
FY 17
$0
63
FY 18
$0
88
FY 19
$0
148
FY 20
$0
241
FY 21
$0
319
FY 22
$0
503
FY 23
$2K
557
FY 24
$196K
838
FY 25
$270K
975
marketcaparena.com