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IBRXImmunityBio, Inc.
$8.64$9.0B
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IBRX logo

ImmunityBio, Inc.

IBRX
NASDAQ · Oncology Biotech
$8.64
At close - Nov 6, 4:00 PM EST - USD
Market Cap$9.05B
P/E-9.1x
52W High$12.43
Volume9.21M
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.

GrowthAccelerating
ProfitabilityNegative
ValuationReview
TechnicalsMixed
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

-135% Peers

P/E is 135% below peer median

03

Market leadership

RS 70 · Avg

Average momentum (RS Rating: 70)

04

Mixed Trend

Mixed

Price < 50DMA but > 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+62.1% 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 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
IBRX+327.48%
S&P 500 (^GSPC)+7.63%
1-Year Return
IBRX+307.31%
S&P 500 (^GSPC)+9.69%
3-Year Return
IBRX+139.86%
S&P 500 (^GSPC)+83.24%
5-Year Return
IBRX+1.35%
S&P 500 (^GSPC)+67.81%

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$113M+668.3% YoY
Net income FY25
-$351M+15.0% YoY
Free cash flow FY25
-$309M+22.4% YoY
Operating margin FY25
-226%+2108.2 pts YoY
ROIC (FY25)-235.9%
Avg ROIC 5Y-433.2%
ROE (FY25)-
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

4 Stories
Business Wire·3d ago
ImmunityBio Announces First Patients in Europe Treated with ANKTIVA® Plus BCG for BCG-unresponsive Non-Muscle Invasive Bladder Cancer with Carcinoma in Situ

CULVER CITY, Calif. & DUBLIN--(BUSINESS WIRE)--ImmunityBio, Inc. (NASDAQ: IBRX), a commercial-stage immunotherapy company, today announced that the first patients in Europe received treatment with ANKTIVA® (nogapendekin alfa inbakicept) in combination with Bacillus Calmette-Guérin (BCG) for BCG-unresponsive non-muscle invasive bladder cancer (NMIBC) with carcinoma in situ (CIS) with or without papillary tumors. The treatments were administered in Germany and Austria, marking an important step i.

Defense World·Oct 27, 2026
ImmunityBio, Inc. $IBRX Stake Trimmed by Davidson Kahn Capital Management LLC

Davidson Kahn Capital Management LLC lessened its stake in ImmunityBio, Inc. (NASDAQ: IBRX) by 50.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,000 shares of the company's stock after selling 83,092 shares during the quarter. Davidson Kahn Capital Management LLC's holdings

Business Wire·Oct 21, 2026
ImmunityBio Announces Database Lock for Registrational Trial of Locally Delivered, Chemotherapy-Free ANKTIVA® Plus BCG in BCG-Naïve Non-Muscle Invasive Bladder Cancer

CULVER CITY, Calif.--(BUSINESS WIRE)--ImmunityBio, Inc. (NASDAQ: IBRX), an immunotherapy company, today announced completion of the database lock for Cohort A of QUILT-2.005 (NCT02138734), its randomized, controlled, registrational trial evaluating ANKTIVA® (nogapendekin alfa inbakicept-pmln) in combination with Bacillus Calmette-Guérin (BCG) versus BCG alone in patients with BCG-naïve NMIBC. The chemotherapy-free combination is delivered directly into the bladder. The database lock follows the.

Benzinga·Oct 19, 2026
ImmunityBio Study Shows Long-Term Success for Bladder Cancer Treatment

A recent study published in the Journal of Urology revealed promising long-term results for ImmunityBio, Inc. (NASDAQ:IBRX) and its immunotherapy treatment, ANKTIVA.

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
$8.64$9.05B-9.14668.31%-598.56%——
NKTR logoNKTRNektar Therapeutics
$37.26$1.23B-7.84-43.89%-287.84%-37.99%—
FATE logoFATEFate Therapeutics, Inc.
$1.84$214.47M-1.83-51.24%-2619.64%-73.92%—
CRIS logoCRISCuris, Inc.
$0.91$1.77M-0.09-13.43%-490.33%-1035.26%—
ADCT logoADCTADC Therapeutics S.A.
$1.58$200.96M-2.5314.85%-123.03%——
IMVT logoIMVTImmunovant, Inc.
$30.53$6.3B-11.66—-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 over the trailing twelve months. Revenue was $113.3M in fiscal year 2025. That is 18781% more than the $0.6M of fiscal year 2013.

How fast is ImmunityBio, Inc. growing?

ImmunityBio, Inc. (IBRX) grew revenue by 192.9% over the trailing twelve months, compared with the twelve months before.

Is IBRX profitable?

No. ImmunityBio, Inc. (IBRX) reported a net loss of $992.4M over the trailing twelve months.

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

ImmunityBio, Inc. (IBRX) had negative free cash flow of $288.5M over the trailing twelve months.

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

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

See returns →