ImmunityBio, Inc. logo

ImmunityBio, Inc.

IBRX

NASDAQHealthcareBiotechnology

Previous close

$7.79

−$0.05 · -0.64%

Aug 21, 4:00 PM ET

IBRX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

44

Fair Value

Momentum

65

Gaining

Sentiment

68

Bullish

Risk resilience

51

Elevated Risk

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Company profile

Company website

ImmunityBio, Inc. is a clinical-stage biotechnology firm, founded in 2014 and based in San Diego, California. The company is focused on developing groundbreaking therapies and vaccines designed to treat a wide array of cancers and infectious diseases. Its innovative approach relies on a comprehensive suite of immunotherapy and cell therapy platforms. These advanced technologies include novel antibody-cytokine fusion proteins, synthetically engineered immunomodulators, cutting-edge vaccine technologies, natural killer (NK) cell therapies, and strategies that harness the adaptive (T-cell) immune system. ImmunityBio currently has several therapeutic candidates in advanced clinical development, with agents undergoing Phase II or III trials. These investigational treatments are aimed at various liquid and solid tumors, such as bladder, pancreatic, and lung cancers, as well as significant infectious pathogens including SARS-CoV-2 and HIV. The company actively engages in strategic partnerships, holding collaboration agreements with esteemed organizations like the National Cancer Institute, the National Institute of Deafness and Communication Disorders, and Amyris, Inc. Additionally, ImmunityBio has secured licensing agreements with numerous entities, including CytRx Corporation, EnGeneIC Pty Limited, GlobeImmune, Inc., Infectious Disease Research Institute, Sanford Health, Shenzhen Beike Biotechnology Co. Ltd., Sorrento Therapeutics, Inc., and Viracta Therapeutics, Inc.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Richard Gerald Adcock
Listed since
Jul 28, 2015
Employees
688

Market position

Day range

Current $7.79

52-week range

Current $7.79

Open
$7.85
Previous close
$7.84
Volume
7.62M
0.64× average
Average volume
11.97M
Average daily volume
Market cap
8.16B USD
Beta
0.13
Market reference 1
50-day average
$7.7268
+0.82% above average
200-day average
$6.3008
+23.64% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-8×
P/B (TTM)
-7.82×
P/S (TTM)
49.21×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
94.63%
Operating margin
-151.88%
Net margin
-598.56%

Financial health

Debt / equity
-0.78×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends17467%-52001%-121469%-190937%Gross margin, FY2021: 100.00%Gross margin, FY2022: 100.00%Gross margin, FY2023: 100.00%Gross margin, FY2024: 100.00%Gross margin, FY2025: 99.34%Operating margin, FY2021: -35361.88%Operating margin, FY2022: -146374.17%Operating margin, FY2023: -58239.55%Operating margin, FY2024: -2334.23%Operating margin, FY2025: -226.00%Net margin, FY2021: -37129.55%Net margin, FY2022: -173569.58%Net margin, FY2023: -93761.41%Net margin, FY2024: -2804.77%Net margin, FY2025: -310.18%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 100.00%. Gross margin FY2023 100.00%. Gross margin FY2024 100.00%. Gross margin FY2025 99.34%. Operating margin FY2021 -35361.88%. Operating margin FY2022 -146374.17%. Operating margin FY2023 -58239.55%. Operating margin FY2024 -2334.23%. Operating margin FY2025 -226.00%. Net margin FY2021 -37129.55%. Net margin FY2022 -173569.58%. Net margin FY2023 -93761.41%. Net margin FY2024 -2804.77%. Net margin FY2025 -310.18%.

Income trends

Revenue

113.29M USD+668.31%

Operating income

−256.03M USD+25.61%

Net income

−351.4M USD+15.03%
Income trends across reported periods182.94M USD−95.66M USD−374.25M USD−652.84M USDRevenue, FY2021: 934K USDRevenue, FY2022: 240K USDRevenue, FY2023: 622K USDRevenue, FY2024: 14.75M USDRevenue, FY2025: 113.29M USDOperating income, FY2021: −330.28M USDOperating income, FY2022: −351.3M USDOperating income, FY2023: −362.25M USDOperating income, FY2024: −344.18M USDOperating income, FY2025: −256.03M USDNet income, FY2021: −346.79M USDNet income, FY2022: −416.57M USDNet income, FY2023: −583.2M USDNet income, FY2024: −413.56M USDNet income, FY2025: −351.4M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 934K USD. Revenue FY2022 240K USD. Revenue FY2023 622K USD. Revenue FY2024 14.75M USD. Revenue FY2025 113.29M USD. Operating income FY2021 −330.28M USD. Operating income FY2022 −351.3M USD. Operating income FY2023 −362.25M USD. Operating income FY2024 −344.18M USD. Operating income FY2025 −256.03M USD. Net income FY2021 −346.79M USD. Net income FY2022 −416.57M USD. Net income FY2023 −583.2M USD. Net income FY2024 −413.56M USD. Net income FY2025 −351.4M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue113.29M USD14.75M USD622K USD240K USD934K USD
Cost of goods sold753K USD
Gross profit112.54M USD14.75M USD622K USD240K USD934K USD
Research and development207.88M USD190.14M USD232.37M USD248.15M USD195.96M USD
Selling, general, and administrative147.18M USD168.78M USD129.62M USD102.71M USD135.26M USD
Operating expenses368.56M USD358.93M USD362.87M USD351.54M USD331.21M USD
Interest income6.7M USD2.4M USD863K USD2.71M USD836K USD
Interest expense112.53M USD131.66M USD86.72M USD47.15M USD14.85M USD
Depreciation and amortization15.53M USD17.55M USD18.51M USD18.26M USD14.24M USD
Operating income−256.03M USD−344.18M USD−362.25M USD−351.3M USD−330.28M USD
Net income−351.4M USD−413.56M USD−583.2M USD−416.57M USD−346.79M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 6 misses, 1 met estimate
Average EPS surprise
-79.55%
11 comparable reports
Latest EPS result
-0.22
Estimate -0.08 · Miss by 175.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.05-0.26-0.46-0.66Q1 '25BeatQ2 '25MissQ3 '25MetQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 3, 2025: actual -0.09, estimate -0.26, surprise +65.38%, Beat. Q2 2025, reported May 12, 2025: actual -0.15, estimate -0.12, surprise -25.00%, Miss. Q3 2025, reported Aug 5, 2025: actual -0.1, estimate -0.1, surprise 0.00%, Met estimate. Q4 2025, reported Nov 4, 2025: actual -0.07, estimate -0.1, surprise +30.00%, Beat. Q1 2026, reported Feb 23, 2026: actual -0.06, estimate -0.08, surprise +25.00%, Beat. Q2 2026, reported May 7, 2026: actual -0.62, estimate -0.08, surprise -675.00%, Miss. Q3 2026, reported Aug 4, 2026: actual -0.22, estimate -0.08, surprise -175.00%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate -0.08, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates63.36M44.38M25.4M6.42MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 3, 2025: actual 7.55M USD, estimate 9.63M USD, surprise -21.54%, Miss. Q2 2025, reported May 12, 2025: actual 16.52M USD, estimate 16.6M USD, surprise -0.50%, Miss. Q3 2025, reported Aug 5, 2025: actual 26.43M USD, estimate 31.88M USD, surprise -17.12%, Miss. Q4 2025, reported Nov 4, 2025: actual 32.06M USD, estimate 37.78M USD, surprise -15.14%, Miss. Q1 2026, reported Feb 23, 2026: actual 38.29M USD, estimate 38.36M USD, surprise -0.20%, Miss. Q2 2026, reported May 7, 2026: actual 44.21M USD, estimate 43.07M USD, surprise +2.64%, Beat. Q3 2026, reported Aug 4, 2026: actual 51.24M USD, estimate 49.7M USD, surprise +3.10%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 59.23M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$12.00

54.04% upside
Past 12 months12-month forecastHigh $12.00Average $12.00Low $12.00

Rating distribution

5 ratings
Strong buy00%
Buy5100%
Hold00%
Sell00%
Strong sell00%

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