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ImmunityBio, Inc. IBRX Impairment of long-lived assets

Impairment of long-lived assets at other companies

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ImmunityBio, Inc. logo
ImmunityBio, Inc.IBRX
$3.5M
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$418.25K

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$8.1B+247%
Enterprise value$8.34B+233%
P/S57.4×+16.2×

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:TangibleAssetImpairmentCharges.

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
Non-cash interest expense related to revenue interest liability41,22938,004264
Stock-based compensation expense36,80934,43249,163
Depreciation and amortization15,52517,55418,512
Loss due to write-off of fixed assets14,018
Change in fair value of derivative liabilities(6,398)(13,477)
Non-cash lease expense related to operating lease right-of-use assets3,5023,3093,113
Non-cash lease expense related to operating lease right-of-use assets – related parties2,7542,4472,999
Accretion of discounts on marketable debt securities, available-for-sale(2,745)(1,489)(137)

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

FAQ

What is ImmunityBio, Inc.'s impairment of long-lived assets?
ImmunityBio, Inc. (IBRX) reported impairment of long-lived assets of $3.5M in Q4 2025.
What does impairment of long-lived assets mean?
Specific non-cash charges related to the write-down of physical, long-lived assets such as property, plant, and equipment. This occurs when the expected future cash flows from these assets are insufficient to cover their carrying amount. It highlights the physical capital efficiency of the company's manufacturing or laboratory infrastructure.

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