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IBRXImmunityBio, Inc.
$8.76$9.2B
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IBRX logoImmunityBio, Inc.(IBRX)Earnings, Financials & Key Ratios

IBRX•NASDAQ
$8.76
Price updated Jul 7, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryOncology Therapeutics Developers
AboutImmunityBio, Inc., a clinical-stage biotechnology company, develops therapies and vaccines to treat cancers and infectious diseases. It offers immunotherapy and cell therapy platforms, including antibody cytokine fusion proteins, synthetic immunomodulators, vaccine technologies, natural killer cells, and adaptive (T cell) immune systems. The company also develops therapeutic agents, which are in Phase II or III clinical trial for the treatment of liquid and solid tumors, including bladder, pancreatic, and lung cancers, as well as pathogens as SARS-CoV-2 and HIV. It has collaboration agreements with National Cancer Institute, National Institute of Deafness and Communication Disorders, and Amyris, Inc.; and license agreements with CytRx Corporation, EnGeneIC Pty Limited, GlobeImmune, Inc., and Infectious Disease Research Institute, Sanford Health, Shenzhen Beike Biotechnology Co. Ltd., Sorrento Therapeutics, Inc., and Viracta Therapeutics, Inc. The company was founded in 2014 and is based in San Diego, California.Show more
  • Revenue$113M+668.3%
  • EBITDA-$241M+26.4%
  • Net Income-$351M+15.0%
  • EPS (Diluted)-0.38+38.7%
  • Gross Margin99.34%-0.7%
  • EBITDA Margin-212.29%+90.4%
  • Operating Margin-226%+90.3%
  • Net Margin-310.18%+88.9%

IBRX Price & Volume

ImmunityBio, Inc. (IBRX) stock price & volume — 10-year historical chart

Loading chart...

Commercial Scaling Challenges Amidst Persistent Capital Erosion

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Accelerating
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:High cash burn dilution

Key Thesis Takeaways

  • ImmunityBio is currently navigating a critical transition from clinical development to commercialization, evidenced by a 167.6% year-over-year revenue growth in 2026Q1 driven by Anktiva.
  • However, the company's reliance on founder-led financing and a persistent negative equity position of -$870.0M suggest significant structural risks that may impede long-term sustainability.
  • Investors should monitor the company's ability to achieve operational scale, as current operating losses of -$69.8M per quarter continue to outpace revenue generation.

Verdict Logic

the company's fundamental outlook is constrained by a severe free cash flow deficit of -$77.1M in 2026Q1 and a reliance on debt-heavy financing that creates significant dilution risk for shareholders.

IBRX Growth Metrics

ImmunityBio, Inc. (IBRX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years85.41%
5 Years184.76%
3 Years678.62%
TTM351.53%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-108.88%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-52.43%

Return on Capital

10 Years-111.47%
5 Years-157.42%
3 Years-130.35%
Last Year-66.66%

IBRX Recent Earnings

ImmunityBio, Inc. (IBRX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.09-12.5%
$0.08
Rev
$44M+2.6%
$43M
Q1 2026
Feb 23, 2026
Metric
Actual
Est
EPS
$0.06+25.0%
$0.08
Rev
$38M-0.2%
$38M
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$0.07+30.0%
$0.10
Rev
$32M-15.1%
$38M
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$0.10+0.0%
$0.10
Rev
$26M-17.1%
$32M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.09vs $0.08-12.5%
$44Mvs $43M+2.6%
Q1 2026Feb 23, 2026
$0.06vs $0.08+25.0%
$38Mvs $38M-0.2%
Q4 2025Nov 4, 2025
$0.07vs $0.10+30.0%
$32Mvs $38M-15.1%
Q3 2025Aug 5, 2025
$0.10vs $0.10+0.0%
$26Mvs $32M-17.1%
Based on last 12 quarters of dataView full earnings history →

Latest IBRX News

Recent stock market news and headlines for ImmunityBio, Inc. (IBRX)

Seeking Alpha·1 day ago
ImmunityBio: A Long-Term Bull Case Worth Watching

ImmunityBio is pivoting from a single-product Anktiva focus to a broad immunotherapy platform, emphasizing memory-like cytokine-enriched NK cells (M-ceNK). Key near-term catalysts include the pivotal QUILT-2.005 bladder cancer trial, lymphopenia indication expansion, and the glioblastoma (GBM) program, each validating the immune-restoration thesis. IBRX trades at a significant premium (65x trailing sales, 44x forward sales), reflecting high expectations for Anktiva's transition to first-line therapies and broader platform validation.

Zacks Investment Research·Jun 29, 2026
ImmunityBio (IBRX) Moves 11.8% Higher: Will This Strength Last?

ImmunityBio (IBRX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Peers Comparison

Key metrics vs top competitors for ImmunityBio, Inc. (IBRX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
IBRX logoIBRXImmunityBio, Inc.Current
$8.76$9.17B-23.05668.31%-310.18%——
NKTR logoNKTRNektar Therapeutics
$74.90$1.46B-7.70-43.89%-284.18%-87%—
FATE logoFATEFate Therapeutics, Inc.
$3.02$352.01M-2.63-51.24%-2056.79%-58.89%—
CRIS logoCRISCuris, Inc.
$5.29$10.32M-0.46-13.43%-299.66%——
ADCT logoADCTADC Therapeutics S.A.
$1.35$171.71M-1.2114.85%-173.02%——
IMVT logoIMVTImmunovant, Inc.
$40.09$8.23B-14.47——-68.16%—

Compare IBRX vs Peers

ImmunityBio, Inc. (IBRX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NKTR

Most directly comparable listed peer for IBRX.

Scale Benchmark

vs MRK

Larger-name benchmark to compare IBRX against a more recognizable public peer.

Peer Set

Compare Top 5

vs NKTR, FATE, CRIS, ADCT

IBRX SEC Filings & Documents

ImmunityBio, Inc. (IBRX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 18, 2026·SEC

Material company update

May 7, 2026·SEC

Material company update

Apr 9, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 23, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Mar 19, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 5, 2025·SEC

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IBRX Frequently Asked Questions

ImmunityBio, Inc. (IBRX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is ImmunityBio, Inc.'s revenue?

ImmunityBio, Inc. (IBRX) reported $141.0M in revenue for fiscal year 2025. This represents a 23396% increase from $0.6M in 2013.

How fast is ImmunityBio, Inc. growing?

ImmunityBio, Inc. (IBRX) grew revenue by 668.3% over the past year. This is strong growth.

Is IBRX profitable?

ImmunityBio, Inc. (IBRX) reported a net loss of $854.5M for fiscal year 2025.

Dividend & Returns
What is ImmunityBio, Inc.'s free cash flow?

ImmunityBio, Inc. (IBRX) had negative free cash flow of $298.9M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in IBRX back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →