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ImmunityBio, Inc. IBRX Reportable Segment — Operating Expenses

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Other financials

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

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Market cap$7.68B+242%
Enterprise value$7.92B+227%
P/S54.5×+14.8×

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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Return on equity-119.3%
Debt / equity0.1×
Current ratio6.7×+4.4×

Where this comes from

Reported directly by ImmunityBio, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: ImmunityBio, Inc.’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 7:37 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001326110-26-000059
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Total internal research and development expense47,90742,723
Total research and development expense (including amounts with related parties)67,98948,234
Selling, general and administrative (including amounts with related parties)45,77032,654
Total operating expenses113,75980,888
Loss from operations(69,791)(64,429)
Other income (expense), net
Interest and investment income, net2,314887
Change in fair value of warrant liabilities(295,413)(448)

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is ImmunityBio, Inc.'s reportable segment — operating expenses?
ImmunityBio, Inc. (IBRX) reported reportable segment — operating expenses of $113.76M in Q1 2026.
How has ImmunityBio, Inc.'s reportable segment — operating expenses changed year-over-year?
ImmunityBio, Inc.'s reportable segment — operating expenses increased by 40.6% year-over-year, from $80.89M to $113.76M.
What is the long-term trend for ImmunityBio, Inc.'s reportable segment — operating expenses?
Over 2 years (2023 to 2025), ImmunityBio, Inc.'s reportable segment — operating expenses has grown at a 0.8% compound annual growth rate (CAGR), from $362.87M to $368.56M.
What does reportable segment — operating expenses mean?
Represents the total costs incurred by a specific business segment to support its primary research, development, and administrative activities. This metric captures the operational burn rate required to advance clinical-stage biotechnology programs toward commercialization.

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