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Iovance Biotherapeutics, Inc. IOVA Business Segments — Research And Development Expense

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Other financials

Income statement

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Revenue$99.3M+65.7%
Gross profit$55.7M+403%
Operating income-$51.9M+54.4%
Net income-$47.3M+57.6%
EPS (diluted)-$0.11+66.7%

Balance sheet

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Cash & equivalents$110.8M-16.4%
Total debt$46.0M-11.8%
Total equity$736.0M+5.4%
Total assets$915.5M+0.9%

Cash flow

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Operating cash flow-$60.8M+9.8%
CapEx$5.4M-27.1%
Free cash flow-$66.3M+11.5%

Valuation

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Market cap$2.77B+222%
Enterprise value$2.71B+247%
P/S8.5×+5.0×

Profitability

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Gross margin48.4%+15.0pp
Operating margin-92.7%-29.0pp
Net margin-89.1%-27.6pp
FCF margin-91.2%-22.1pp

Returns & leverage

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Return on equity-40.4%-7.8pp
Debt / equity0.1×0.0×
Current ratio4.3×+1.1×

Where this comes from

Reported directly by Iovance Biotherapeutics, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Iovance Biotherapeutics, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 9:15 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-091716
(in thousands)Three Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Royalties2,2501,2294,9012,555
Total cost of sales$43,595$48,881$86,093$91,595
Expenses
Research and development$53,773$71,569$111,143$137,619
General and administrative18,61719,66837,31739,524
Sales and marketing15,53611,47230,65224,830
Depreciation and amortization9,5009,35018,03917,415
Other segment items (b)5,60710,67013,85926,114

Item 1.Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Iovance Biotherapeutics, Inc.'s business segments — research and development expense?
Iovance Biotherapeutics, Inc. (IOVA) reported business segments — research and development expense of $53.77M in Q2 2026.
How has Iovance Biotherapeutics, Inc.'s business segments — research and development expense changed year-over-year?
Iovance Biotherapeutics, Inc.'s business segments — research and development expense decreased by 24.9% year-over-year, from $71.57M to $53.77M.
What is the long-term trend for Iovance Biotherapeutics, Inc.'s business segments — research and development expense?
Over 2 years (2023 to 2025), Iovance Biotherapeutics, Inc.'s business segments — research and development expense has grown at a -4.3% compound annual growth rate (CAGR), from $298.27M to $273.31M.
What does business segments — research and development expense mean?
This tracks the investment in clinical trials, laboratory research, and regulatory activities required to develop and advance the company's pipeline. For a biopharmaceutical firm, this is the primary driver of future growth and long-term value creation.

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