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ImmunityBio, Inc. IBRX Impairment Charges

Discontinued — last reported Q4 '25

Impairment Charges at other companies

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Gilead SciencesGILD
$1.75B+821%

Segments

By segment

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Segment Reporting$0

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:ImpairmentOfIntangibleAssetsExcludingGoodwill.

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
Research and development – related parties10,6847,9149,348
Selling, general and administrative147,180165,801126,136
Selling, general and administrative – related parties2,8232,9823,484
Impairment of intangible assets886
Total operating costs and expenses369,315358,927362,872
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 impairment charges?
ImmunityBio, Inc. (IBRX) reported impairment charges of $0 in Q4 2025.
What is the long-term trend for ImmunityBio, Inc.'s impairment charges?
Over 3 years (2022 to 2025), ImmunityBio, Inc.'s impairment charges has grown at a -100.0% compound annual growth rate (CAGR), from $681K to $0.
What does impairment charges mean?
Write-downs of long-lived assets (excluding goodwill) when their carrying value exceeds fair value, including property, equipment, right-of-use assets, and other tangible assets.

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