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ImmunityBio, Inc.

IBRX

ImmunityBio is a vertically integrated biotechnology company focused on developing next-generation immunotherapies that activate both the innate and adaptive immune systems to treat cancer and infectious diseases.

Market cap
$7.32B+213%
Revenue$141.0M+352%
Net income-$854.5M-109%
Free cash flow-$298.9M+20.7%
EPS (diluted)-$0.85-46.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$49.7M
EPS estimate-$0.09

Financials

Q1 2026

Income statement

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Revenue$44.2M+168%
Gross profit$44.0M+167%
Operating income-$69.8M-8.3%
Net income-$632.8M-388%
EPS (diluted)-$0.62-313%

Balance sheet

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Cash & equivalents$205.2M+238%
Total debt$445.4M+32.2%
Total equity-$870.0M-47.1%
Total assets$646.6M+113%

Cash flow

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Operating cash flow-$75.4M+12.3%
CapEx$1.8M+58.4%
Free cash flow-$77.1M+11.4%

Valuation & ratios

Valuation

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Market cap$7.32B+213%
Enterprise value$7.56B+201%
P/S51.9×+10.6×

Profitability

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Gross margin99.3%-0.5pp
Operating margin-185.4%-83.3pp
Net margin-606.2%-212pp
FCF margin-212%-95.8pp

Returns & leverage

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Current ratio6.7×+4.4×

Segments

By segment

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Reportable Segment$44.2M+168%

Competitors

Profile

ImmunityBio is a vertically integrated biotechnology company focused on developing next-generation immunotherapies that activate both the innate and adaptive immune systems to treat cancer and infectious diseases. The company's core value proposition centers on its Cancer BioShield platform, which utilizes cytokine fusion proteins, adenovirus-vectored vaccines, and natural killer (NK) cell therapies to induce durable immunological memory. Its lead product, ANKTIVA, is a first-in-class IL-15 superagonist designed to rescue lymphopenia and enhance the efficacy of standard-of-care treatments.

Competitive position

ImmunityBio is a pioneer in IL-15 superagonist technology, holding the first FDA approval for this class of therapy. It maintains a competitive edge through vertical integration of manufacturing and a multi-modal platform approach to immune system activation.

GeographiesUnited States, United Kingdom, European Union, Saudi Arabia
Customer segmentsHealthcare providers, Specialty pharmacies, Government health programs
Business modelR&D-driven drug development, Direct product sales, Licensing and collaborations
SuppliersThird-party contract manufacturing organizations (CMOs), Specialized laboratory equipment suppliers, Raw material and reagent providers, Academic and government research partners
CustomersSpecialty distributors, Specialty pharmacies, Urology and oncology clinics, Hospitals and infusion centers
Listed2021
Employees628.0
CEORichard Gerald Adcock
FilingsSEC EDGAR

Questions, answered.

What is ImmunityBio, Inc.'s market cap?
ImmunityBio, Inc. (IBRX) has a market capitalization of $7.3B and trades on NASDAQ.
What is ImmunityBio, Inc.'s revenue and profitability?
ImmunityBio, Inc. generated $141.0M in trailing twelve-month revenue with a net loss of $854.5M, representing a net margin of -606.2%. Gross margin stands at 99.3%, with free cash flow of -$298.9M. These figures are based on the Q1 2026 filing.
Who are ImmunityBio, Inc.'s competitors?
ImmunityBio, Inc.'s key competitors include Gilead Sciences, Merck, Bristol Myers Squibb, and others. These companies compete in similar markets and product categories.
Who does ImmunityBio, Inc. partner with?
ImmunityBio, Inc.'s notable partners include Serum Institute of India, BeOne Medicines Ltd., 3M IPC, and others.
What subsidiaries does ImmunityBio, Inc. have?
ImmunityBio, Inc.'s subsidiaries include Altor BioScience, GlobeImmune, Inc., NantKwest.
Where is ImmunityBio, Inc. headquartered?
ImmunityBio, Inc. is headquartered in United States of America and employs approximately 628 people. It has been publicly traded since 2021.