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Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin36.7%+4.1pp31.3%-2.9pp29.9%+1.2pp30.2%+44.9pp32.6%+368pp
Operating margin-127.2%+60.3pp-153.1%+87.8pp-166.3%+307pp-170%+1,231pp-187.5%+24,362pp
Net margin-123.9%+52.6pp-148.4%+78.5pp-158.8%+292pp-161.4%+1,182pp-176.5%+23,439pp
Returns
Return on equity-47.5%+4.3pp-55.5%+2.0pp-53.9%+2.8pp-53.2%+12.2pp-51.8%+14.9pp
Return on invested capital-59.5%+2.9pp-65.2%+4.6pp-65.2%+12.9pp-66.6%+27.3pp-62.4%+49.4pp
Efficiency
Asset turnover0.3×+0.1×0.3×+0.1×0.3×+0.2×0.3×+0.2×0.2×+0.2×
Liquidity
Current ratio3.6×-0.6×3.2×-0.5×3.4×-0.8×3.3×-1.9×4.2×-0.5×
Leverage
Debt-to-equity0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×0.1×-0.1×
Per Share
Book value per share$1.72-27.5%$1.95-20.2%$2.09-22.6%$2.38-6.9%
Valuation
Market capitalization$1.45B+32.4%$1.08B-51.9%$785.22M-70.6%$627.8M-70.6%$1.09B-71.2%
Price / sales5.1×-0.1×4.1×-9.6×3.1×-26.3×2.6×-62.6×5.1×-1,987×
Price / book+0.6×1.6×-1.6×1.1×-2.3×0.9×-1.9×1.4×-4.2×

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Questions, answered.

What are Iovance Biotherapeutics, Inc.'s profit margins?
Iovance Biotherapeutics, Inc. (IOVA) runs a 36.7% gross margin and a -127.2% operating margin, with a -123.9% net margin.
Where do Iovance Biotherapeutics, Inc.'s ratios come from?
Every ratio is computed from Iovance Biotherapeutics, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.