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Segments

By segment

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Single Reportable$53.77M-24.9%

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
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Total revenue99,31359,952170,743109,276
Costs and expenses *
Cost of sales **$43,595$48,881$86,093$91,595
Research and development **58,85177,928121,338153,895
Selling, general, and administrative **39,27237,56778,22181,366
Depreciation and amortization9,5009,35018,03917,415
Total costs and expenses$151,218$173,726$303,691$344,271
Loss from operations(51,905)(113,774)(132,948)(234,995)

Item 1.Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Iovance Biotherapeutics, Inc.'s R&D?
Iovance Biotherapeutics, Inc. (IOVA) reported R&D of $58.85M in Q2 2026.
How has Iovance Biotherapeutics, Inc.'s R&D changed year-over-year?
Iovance Biotherapeutics, Inc.'s R&D decreased by 24.5% year-over-year, from $77.93M to $58.85M.
What is the long-term trend for Iovance Biotherapeutics, Inc.'s R&D?
Over 4 years (2021 to 2025), Iovance Biotherapeutics, Inc.'s R&D has grown at a 3.8% compound annual growth rate (CAGR), from $259.04M to $300.27M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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