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LAVA Therapeutics N.V. (LVTX) 10-Year Financial Performance & Capital Metrics

LVTX • • Industrial / General
HealthcareBiotechnologyOncology TherapeuticsImmuno-Oncology
AboutLAVA Therapeutics N.V., a clinical-stage immuno-oncology company, focuses on developing cancer treatments. The company, through its Gammabody platform, develops a portfolio of novel bispecific antibodies to engage and leverage the potency and precision of gamma delta T cells to elicit an anti-tumor immune response and enhance outcomes for cancer patients. Its lead clinical-stage candidates are LAVA-051, which is in Phase 1/2a clinical trial for blood cancers, including chronic lymphocytic leukemia, multiple myeloma, and acute myeloid leukemia; and LAVA-1207 that is in Phase 1/2a clinical trial for metastatic castration-resistant prostate cancer. The company is also developing other Gammabody drug candidates, which include LAVA-1223, which targets the epidermal growth factor receptor (EGFR) for the treatment of selected solid tumors, as well as LAVA-1266 and LAVA-1278, which are preclinical candidates for the treatment of various hematologic malignancies. LAVA Therapeutics N.V. has a research collaboration and license agreement with Janssen Biotech, Inc. for the potential discovery and development of multi-specific antibody products that are directed to a specified target in various fields of use. The company was incorporated in 2016 and is headquartered in Utrecht, the Netherlands.Show more
  • Revenue $12M +77.0%
  • EBITDA -$29M +31.7%
  • Net Income -$25M +40.0%
  • EPS (Diluted) -0.94 +40.1%
  • Gross Margin 100% +105.9%
  • EBITDA Margin -243.92% +61.4%
  • Operating Margin -247.81% +61.3%
  • Net Margin -209.6% +66.1%
  • ROE -63.64% -4.3%
  • ROIC -395.17% +73.2%
  • Debt/Equity 0.19 +54.3%
  • Interest Coverage -57.66 +37.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y30.84%
TTM-32.06%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM15.98%

EPS CAGR

10Y-
5Y-
3Y-
TTM16.55%

ROCE

10Y Avg-74.01%
5Y Avg-62.82%
3Y Avg-36.43%
Latest-39.7%

Peer Comparison

Immuno-Oncology
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IMTXImmatics N.V.1.33B9.9270.86188.6%-136.72%-27.81%0.03
CTMXCytomX Therapeutics, Inc.720.1M4.2511.1836.45%24.66%26.09%
IOVAIovance Biotherapeutics, Inc.881.27M2.22-1.73136.99%-158.78%-56.62%0.08
REPLReplimune Group, Inc.572.64M7.30-2.38-117.82%0.18
NKTRNektar Therapeutics719.28M35.36-4.079.22%-192.87%-141.9%1.69
IMNMImmunome, Inc.2.52B22.85-4.57-35.5%-23.01%-84.4%0.03
IBRXImmunityBio, Inc.3.89B3.95-6.3722.71%-422.28%
NRIXNurix Therapeutics, Inc.1.91B18.86-6.55-29.15%-292.5%-65.76%0.05

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+03.75M5.35M19.39M6.77M11.98M
Revenue Growth %--0.43%2.62%-0.65%0.77%
Cost of Goods Sold+8.35M15.7M003.48M0
COGS % of Revenue-4.19%--0.51%-
Gross Profit+-8.35M-11.95M5.35M19.39M3.29M11.98M
Gross Margin %--3.19%1%1%0.49%1%
Gross Profit Growth %--0.43%1.45%2.62%-0.83%2.65%
Operating Expenses+1.24M2.72M48.96M54.23M46.68M41.67M
OpEx % of Revenue-0.73%9.15%2.8%6.9%3.48%
Selling, General & Admin1.24M2.72M12.02M14.12M14.12M13.22M
SG&A % of Revenue-0.73%2.25%0.73%2.09%1.1%
Research & Development8.35M15.7M36.95M40.1M32.56M28.45M
R&D % of Revenue-4.19%6.91%2.07%4.81%2.37%
Other Operating Expenses-8.35M-15.7M0000
Operating Income+-9.58M-14.67M-43.61M-34.84M-43.39M-29.69M
Operating Margin %--3.92%-8.15%-1.8%-6.41%-2.48%
Operating Income Growth %--0.53%-1.97%0.2%-0.25%0.32%
EBITDA+-9.48M-14.46M-43.05M-34.06M-42.78M-29.23M
EBITDA Margin %--3.86%-8.05%-1.76%-6.32%-2.44%
EBITDA Growth %--0.52%-1.98%0.21%-0.26%0.32%
D&A (Non-Cash Add-back)99K213K558K781K612K467K
EBIT-9.58M-14.67M-41.57M-31.58M-41.14M-23.97M
Net Interest Income+-87.3K-342K-625K257K3.2M3.24M
Interest Income000339K3.67M3.76M
Interest Expense87.3K342K625K82K470K515K
Other Income/Expense-104K-1.21M1.42M3.18M1.78M5.21M
Pretax Income+-9.69M-15.88M-42.2M-31.66M-41.61M-24.48M
Pretax Margin %--4.24%-7.89%-1.63%-6.15%-2.04%
Income Tax+043K157K249K257K630K
Effective Tax Rate %1%1%1%1.01%1.01%1.03%
Net Income+-9.69M-15.93M-42.35M-31.91M-41.87M-25.11M
Net Margin %--4.25%-7.92%-1.65%-6.19%-2.1%
Net Income Growth %--0.64%-1.66%0.25%-0.31%0.4%
Net Income (Continuing)-9.69M-15.93M-42.35M-31.91M-41.87M-25.11M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-21.65-39.90-2.14-1.23-1.57-0.94
EPS Growth %--0.84%0.95%0.43%-0.28%0.4%
EPS (Basic)-21.65-39.90-2.14-1.23-1.57-0.94
Diluted Shares Outstanding18.41M25.35M19.76M25.92M26.73M26.83M
Basic Shares Outstanding18.41M25.35M19.76M25.92M26.73M26.83M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+7.62M18.22M136.5M140.53M98.9M79.3M
Cash & Short-Term Investments7.34M15.82M133.2M132.87M95.57M76.58M
Cash Only7.34M15.82M90.87M100.33M44.23M35.02M
Short-Term Investments0042.33M32.53M51.34M41.56M
Accounts Receivable69K1.14M734K3.25M1.7M0
Days Sales Outstanding-111.0550.0861.2591.61-
Inventory000000
Days Inventory Outstanding------
Other Current Assets151K1.15M04.41M1.63M1.65M
Total Non-Current Assets+1.18M2.26M2.74M2.89M2.81M1.53M
Property, Plant & Equipment1.15M1.5M1.95M2.08M2.49M1.44M
Fixed Asset Turnover-2.51x2.75x9.31x2.71x8.30x
Goodwill000000
Intangible Assets000000
Long-Term Investments000000
Other Non-Current Assets30K769K796K809K319K91K
Total Assets+8.8M20.49M139.25M143.43M101.71M80.83M
Asset Turnover-0.18x0.04x0.14x0.07x0.15x
Asset Growth %-1.33%5.8%0.03%-0.29%-0.21%
Total Current Liabilities+1.42M7.33M11.25M21.95M14.94M18.01M
Accounts Payable422K934K2.55M3.96M4.45M2.72M
Days Payables Outstanding18.4521.71--466.05-
Short-Term Debt0004.64M5.28M4.89M
Deferred Revenue (Current)001000K001000K
Other Current Liabilities14K4.93M5.34M5.14M482K-26.32M
Current Ratio5.35x2.48x12.14x6.40x6.62x4.40x
Quick Ratio5.35x2.48x12.14x6.40x6.62x4.40x
Cash Conversion Cycle------
Total Non-Current Liabilities+1.53M5.53M9.63M35.43M35.59M35.08M
Long-Term Debt1.27M3.6M4.28M000
Capital Lease Obligations257K271K320K431K591K80K
Deferred Tax Liabilities000000
Other Non-Current Liabilities01.66M5.03M000
Total Liabilities2.95M12.87M20.88M57.38M50.53M53.09M
Total Debt+1.76M4.08M4.87M5.45M6.31M5.28M
Net Debt-5.57M-11.74M-86M-94.88M-37.92M-29.73M
Debt / Equity0.30x0.54x0.04x0.06x0.12x0.19x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-109.77x-42.90x-69.78x-424.85x-92.33x-57.66x
Total Equity+5.84M7.62M118.37M86.04M51.18M27.75M
Equity Growth %-0.3%14.53%-0.27%-0.41%-0.46%
Book Value per Share0.320.305.993.321.911.03
Total Shareholders' Equity5.84M7.62M118.37M86.04M51.18M27.75M
Common Stock003.65M3.71M3.71M3.72M
Retained Earnings-13.7M-33.39M-76.16M-108.07M-148.07M-174.97M
Treasury Stock000000
Accumulated OCI-13K-81K-6.22M-12.97M-10.9M-12.65M
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-8.62M-9.31M-28.65M4.04M-40.28M-19.54M
Operating CF Margin %--2.48%-5.35%0.21%-5.95%-1.63%
Operating CF Growth %--0.08%-2.08%1.14%-10.96%0.51%
Net Income-9.69M-15.88M-42.35M-31.91M-41.87M-25.11M
Depreciation & Amortization259K464K558K781K612K467K
Stock-Based Compensation192K557K005.04M3.23M
Deferred Taxes0-43K000-10K
Other Non-Cash Items0869K2.31M1.06M-187K-2.5M
Working Capital Changes621K4.73M10.84M34.11M-3.88M4.38M
Change in Receivables81K-1.26M742K-2.48M1.59M0
Change in Inventory000000
Change in Payables-190K323K1.62M1.41M352K-1.57M
Cash from Investing+-792K-502K-43.55M9.35M-17.64M12.47M
Capital Expenditures-762K-502K-764K-587K-731K-23K
CapEx % of Revenue-0.13%0.14%0.03%0.11%0%
Acquisitions------
Investments------
Other Investing000000
Cash from Financing+1.18M18.97M151.16M283K0-569K
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing00-340K-343K00
Net Change in Cash------
Free Cash Flow+-9.38M-9.81M-29.41M3.46M-41.01M-19.57M
FCF Margin %--2.62%-5.5%0.18%-6.06%-1.63%
FCF Growth %--0.05%-2%1.12%-12.87%0.52%
FCF per Share-0.51-0.39-1.490.13-1.53-0.73
FCF Conversion (FCF/Net Income)0.89x0.58x0.68x-0.13x0.96x0.78x
Interest Paid000000
Taxes Paid0000355K283K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-165.76%-236.57%-67.24%-31.22%-61.03%-63.64%
Return on Invested Capital (ROIC)---231.59%-222.18%-1473.65%-395.17%
Gross Margin--319.03%100%100%48.56%100%
Net Margin--425.06%-791.68%-164.55%-618.57%-209.6%
Debt / Equity0.30x0.54x0.04x0.06x0.12x0.19x
Interest Coverage-109.77x-42.90x-69.78x-424.85x-92.33x-57.66x
FCF Conversion0.89x0.58x0.68x-0.13x0.96x0.78x
Revenue Growth--42.78%262.45%-65.09%77.01%

Revenue by Geography

2024
Netherlands11.98M
Netherlands Growth-

Frequently Asked Questions

Growth & Financials

LAVA Therapeutics N.V. (LVTX) reported $5.0M in revenue for fiscal year 2024.

LAVA Therapeutics N.V. (LVTX) grew revenue by 77.0% over the past year. This is strong growth.

LAVA Therapeutics N.V. (LVTX) reported a net loss of $23.3M for fiscal year 2024.

Dividend & Returns

LAVA Therapeutics N.V. (LVTX) has a return on equity (ROE) of -63.6%. Negative ROE indicates the company is unprofitable.

LAVA Therapeutics N.V. (LVTX) had negative free cash flow of $31.7M in fiscal year 2024, likely due to heavy capital investments.

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