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IBRXImmunityBio, Inc.
$8.63$9.0B
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IBRX logo

ImmunityBio, Inc.

IBRX
NASDAQ · Biotechnology
$8.63
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$9.04B
P/E-22.7x
52W High$12.43
Volume13.88M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Explosive Revenue Growth Masks Deepening Cash Burn

ImmunityBio's Anktiva launch is driving explosive top-line growth, with revenue surging 668% year-over-year to $51.2M in 2026Q2, marking the eighth consecutive quarter of sequential growth. However, the company remains deeply unprofitable, with operating losse...

GrowthAccelerating
ProfitabilityNegative
ValuationReview
TechnicalsStrong
Explore valuation models
MARKET ACTION

IBRX price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-156% Peers

P/E is 156% below peer median

03

Market leadership

RS 94 · Leader

High momentum (Outperforming 94% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 4
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth is accelerating, with 2026Q2 revenue of $51.2M up 668% year-over-year, but operating losses widened to -$61.7M as R&D and SG&A expenses of $108.3M outpace gross profit, reflecting a lack of operating leverage.

Analyst Consensus+39.0% target
Buy(5 analysts)
5 Buy0 Hold0 Sell

The Bull Case

Upside Catalysts

Cancer treatment innovation

ImmunityBio is focused on developing next-generation therapies to conquer cancer by leveraging the body's immune system.

Commercial-stage biotechnology

The company is transitioning into a commercial-stage biotech firm, which could drive revenue growth and market validation.

Bullish investor sentiment

Multiple bullish theses highlight investor confidence in ImmunityBio's potential, as seen in various investment forums and articles.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
IBRX+327.23%
S&P 500 (^GSPC)+12.39%
1-Year Return
IBRX+233.20%
S&P 500 (^GSPC)+15.77%
3-Year Return
IBRX+436.02%
S&P 500 (^GSPC)+65.22%
5-Year Return
IBRX-19.42%
S&P 500 (^GSPC)+54.49%

Growth & profitability

Annual revenue & EPS trend
Revenue
$113M+668.3% YoY
Net income
-$351M+15.0% YoY
Free cash flow
-$309M+22.4% YoY
Operating margin
-226%+2108.2 pts YoY
ROIC (TTM)-235.9%
Avg ROIC 5Y-
ROE (TTM)-
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 4, 2026
-$0.22-175.0%
vs -$0.08
$51M+3.1%
vs $50M
Q2 2026
May 7, 2026
-$0.62-675.0%
vs -$0.08
$44M+2.6%
vs $43M
Q1 2026
Feb 23, 2026
-$0.06+25.0%
vs -$0.08
$38M-0.2%
vs $38M
Q4 2025
Nov 4, 2025
-$0.07+30.0%
vs -$0.10
$32M-15.1%
vs $38M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Zacks Investment Research·5d ago
ImmunityBio (IBRX) Moves 7.0% Higher: Will This Strength Last?

ImmunityBio (IBRX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Defense World·6d ago
Tidal Investments LLC Acquires New Stake in ImmunityBio, Inc. $IBRX

Tidal Investments LLC bought a new position in shares of ImmunityBio, Inc. (NASDAQ: IBRX) in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 252,048 shares of the company's stock, valued at approximately $2,207,000. Several other hedge funds and other institutional investors have also

Defense World·Sep 16, 2026
ImmunityBio, Inc. (NASDAQ:IBRX) Receives $14.20 Consensus Target Price from Brokerages

ImmunityBio, Inc. (NASDAQ: IBRX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 1-year target

Zacks Investment Research·Sep 3, 2026
Why Is ImmunityBio (IBRX) Up 9.7% Since Last Earnings Report?

ImmunityBio (IBRX) reported earnings 30 days ago. What's next for the stock?

Filtered for ImmunityBio, Inc.More Headlines
04

Compare before deciding

Benchmark IBRX against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for ImmunityBio, Inc. (IBRX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
IBRX logoIBRXImmunityBio, Inc.Current
$8.63$9.04B-22.71668.31%-310.18%——
NKTR logoNKTRNektar Therapeutics
$57.66$1.91B-5.93-43.89%-287.84%-37.99%—
FATE logoFATEFate Therapeutics, Inc.
$2.43$283.24M-2.11-51.24%-1941.09%-65.08%—
CRIS logoCRISCuris, Inc.
$0.95$1.86M-0.08-13.43%-490.33%-1035.26%—
ADCT logoADCTADC Therapeutics S.A.
$1.31$166.62M-1.1714.85%-123.03%——
IMVT logoIMVTImmunovant, Inc.
$34.54$7.13B-12.47—-7585.86%-69.59%—

Compare IBRX vs Peers

ImmunityBio, Inc. (IBRX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NKTR

Most directly comparable listed peer for IBRX.

Scale Benchmark

vs MRK

Larger-name benchmark to compare IBRX against a more recognizable public peer.

Peer Set

Compare Top 5

vs NKTR, FATE, CRIS, ADCT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

IBRX SEC Filings & Documents

ImmunityBio, Inc. (IBRX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 4, 2026·SEC

Material company update

Jul 30, 2026·SEC

Material company update

Jun 10, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 23, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Mar 19, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 4, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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IBRX Frequently Asked Questions

ImmunityBio, Inc. (IBRX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is ImmunityBio, Inc.'s revenue?

ImmunityBio, Inc. (IBRX) reported $165.8M in revenue for fiscal year 2025. This represents a 27532% increase from $0.6M in 2013.

How fast is ImmunityBio, Inc. growing?

ImmunityBio, Inc. (IBRX) grew revenue by 668.3% over the past year. This is strong growth.

Is IBRX profitable?

ImmunityBio, Inc. (IBRX) reported a net loss of $992.4M for fiscal year 2025.

Dividend & Returns
What is ImmunityBio, Inc.'s free cash flow?

ImmunityBio, Inc. (IBRX) had negative free cash flow of $365.6M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in IBRX back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →