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ImmunityBio, Inc. IBRX Segment Reporting — Impairment of intangible assets

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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:ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill.

The source filing: ImmunityBio, Inc.’s 10-K, filed February 23, 2026.

Filed
Feb 23, 2026, 5:24 PM EST
Fiscal year
FY2025
Accession
0001326110-26-000030
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Total internal research and development expense189,286160,876165,242
Total research and development expense (including amounts with related parties)218,559190,144232,366
Selling, general and administrative (including amounts with related parties)150,003168,783129,620
Impairment of intangible assets886
Total operating expenses368,562358,927362,872
Loss from operations(256,027)(344,182)(362,250)
Other income (expense), net
Interest and investment income, net6,4057,9751,131

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

FAQ

What is ImmunityBio, Inc.'s segment reporting — impairment of intangible assets?
ImmunityBio, Inc. (IBRX) reported segment reporting — impairment of intangible assets of $0 in Q4 2025.
What is the long-term trend for ImmunityBio, Inc.'s segment reporting — impairment of intangible assets?
Over 3 years (2022 to 2025), ImmunityBio, Inc.'s segment reporting — impairment of intangible assets has grown at a -100.0% compound annual growth rate (CAGR), from $681K to $0.
What does segment reporting — impairment of intangible assets mean?
This metric represents the non-cash charge recognized when the carrying value of an intangible asset exceeds its fair value. It reflects a downward adjustment in the valuation of assets such as patents, licenses, or acquired intellectual property within a specific business segment. Frequent impairment charges may indicate overvaluation of acquired assets or a decline in the commercial viability of the segment's pipeline.

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