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Other financials

Income statement

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Revenue$71.4M+44.8%
Gross profit$28.9M+338%
Net income-$79.0M+32.0%
EPS (diluted)-$0.19+47.2%

Balance sheet

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Cash & equivalents$196.5M+14.5%
Total debt$46.8M-11.3%
Total equity$721.8M-6.0%
Total assets$925.7M-4.2%

Cash flow

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Operating cash flow-$72.1M+30.5%
CapEx$6.6M+6.4%
Free cash flow-$78.7M+28.4%

Valuation

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Market cap$1.98B+32.4%
Enterprise value$1.83B+33.2%
P/S6.9×-0.1×

Profitability

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Gross margin36.7%+4.1pp
Operating margin-127.2%-31.0pp
Net margin-123.9%-28.4pp
FCF margin-106.8%-27.5pp

Returns & leverage

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Return on equity-47.5%-3.7pp
Debt / equity0.1×0.0×
Current ratio3.6×-0.6×

Where this comes from

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

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Iovance Biotherapeutics, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Iovance Biotherapeutics, Inc.'s operating income?
Iovance Biotherapeutics, Inc. (IOVA) reported operating income of -$81.04M in Q1 2026.
How has Iovance Biotherapeutics, Inc.'s operating income changed year-over-year?
Iovance Biotherapeutics, Inc.'s operating income increased by 33.1% year-over-year, from -$121.22M to -$81.04M.
What is the long-term trend for Iovance Biotherapeutics, Inc.'s operating income?
Over 4 years (2021 to 2025), Iovance Biotherapeutics, Inc.'s operating income has grown at a 4.2% compound annual growth rate (CAGR), from -$342.7M to -$403.36M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.