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ImmunityBio, Inc. IBRX Reportable Segment — R&D

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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:ResearchAndDevelopmentExpense.

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
Equipment, depreciation, and facility costs13,58813,192
Other research and development costs8,4696,466
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

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is ImmunityBio, Inc.'s reportable segment — R&D?
ImmunityBio, Inc. (IBRX) reported reportable segment — R&D of $67.99M in Q1 2026.
How has ImmunityBio, Inc.'s reportable segment — R&D changed year-over-year?
ImmunityBio, Inc.'s reportable segment — R&D increased by 41.0% year-over-year, from $48.23M to $67.99M.
What is the long-term trend for ImmunityBio, Inc.'s reportable segment — R&D?
Over 3 years (2022 to 2025), ImmunityBio, Inc.'s reportable segment — R&D has grown at a 5.5% compound annual growth rate (CAGR), from $186.34M to $218.56M.
What does reportable segment — R&D mean?
The aggregate of all expenses related to the discovery, development, and clinical testing of new products within the segment. This is the primary investment driver for future growth in biotechnology companies.

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