ImmunityBio, Inc.

IBRX Healthcare Biotechnology

ImmunityBio, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $113.3 million, up 668.3% from fiscal 2024. In the quarter to June 2026, revenue grew 93.9%, EPS fell 120.0%, free cash flow grew 13.4% and total debt rose 57.4%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

9.18 0.82 −8.20%
Market cap
$10.6B
P/E
0.0×
Fwd P/E
−8.1×
Dividend yield
—
F-score
4/9
Altman Z
−10.16
Beneish M
4.57
Dividend safety
n/a

Insider Decisions trades per month

Total sells 9.51
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — 2 3 — — — 3 2 — — 2
Insider Ownership 61.81%

Capital & Financial Ratios $m

Market Cap 10,600.00
Revenue 165.79
Net Income (992.42)
Free Cash Flow (288.07)
Net Debt 416.98
Current Ratio 5.72 (at or above 1.5: strong)
Debt/Equity (0.74) (negative: negative equity)
P/E ratio 0.00
Fwd P/E (8.14) (negative: loss-making)
P/S ratio 58.14 (above 10: high)
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth (152.63%) (below 0%: weak)
Next Y EPS Growth 88.28% (at or above 15%: strong)
Next Y revenue growth 100.02% (at or above 10%: strong)
Next 5Y EPS Growth 57.53% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 10.14%
10-year low 10-year high
EV/Sales against its own 10 years 9.92%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 266 150 243 357
Receivables — 2 43 53
Inventory — 8 1 2
Other 2 0 0 0
294 185 315 439
2023 2024 2025 Q'26
Payables 9 7 7 12
ST’ Debt — — — —
Other — — — —
58 55 62 77

Compound Annual Growth %

10y 5y 3y
Sales 85.41% 184.76% 678.62%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% 0.00%

Revenue $m

Mar Jun Sep Dec Year
’26 44 51 — — —
’25 17 26 32 38 113
’24 0 1 6 8 15
’23 0 0 0 0 1
’22 0 0 0 0 0
’21 0 0 0 0 1
’20 0 0 0 0 1
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (75) (66) — — —
’25 (86) (80) (69) (70) (305)
’24 (107) (100) (99) (85) (391)
’23 (84) (80) (87) (115) (367)
’22 (75) (91) (81) (91) (338)
’21 (60) (70) (73) (72) (274)
’20 (31) (46) (37) (58) (172)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (77) (70) — — —
’25 (87) (81) (70) (71) (309)
’24 (108) (101) (102) (87) (398)
’23 (93) (88) (93) (123) (397)
’22 (124) (107) (97) (110) (437)
’21 (68) (78) (60) (82) (287)
’20 (31) (46) (39) (57) (173)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.62) (0.22) — — —
’25 (0.15) (0.10) (0.07) (0.06) (0.38)
’24 (0.20) (0.20) (0.14) (0.09) (0.62)
’23 (0.27) (0.32) (0.19) (0.38) (1.15)
’22 (0.26) (0.24) (0.28) (0.27) (1.04)
’21 (0.21) (0.23) (0.23) (0.23) (0.90)
’20 (0.10) (0.14) (0.17) (0.18) (0.59)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 5.43 2.71 0.93 0.95 2.52 5.11 2.60 1.21 2.50 1.83

Analyst estimates 2026–2028

Powerpack
High 16.90 8.45 5.47 4.89 19.37 45.42 7.85 6.93 10.53 4.27
People
People Employees 82 139 161 148 171 587 725 628 680 691
Revenue/emp, $m 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.02 0.16
Income, $m
Income, $m Revenue 0 0 0 2 1 1 0 1 15 113
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 99.34
EBT (121) (97) (97) (160) (226) (350) (417) (584) (414) (352)
EBT margin, % (275,865.91) (215,368.89) (205,806.38) (7,278.07) (37,360.83) (37,456.00) (173,869.17) (93,873.31) (2,805.32) (310.37)
Net income (121) (96) (96) (160) (224) (350) (417) (584) (414) (351)
Depreciation 6 7 10 14 14 15 36 62 40 16
Per share, $
Per share, $ Revenue 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.02 0.12
Earnings (1.47) (1.20) (1.22) (0.44) (0.59) (0.90) (1.04) (1.15) (0.59) (0.38)
Cash flow (0.47) (0.61) (0.80) (0.42) (0.46) (0.70) (0.84) (0.72) (0.56) (0.33)
Capex (0.08) (0.43) (0.16) (0.01) 0.00 (0.03) (0.25) (0.06) (0.01) 0.00
Free cash flow (0.55) (1.04) (0.96) (0.43) (0.46) (0.74) (1.09) (0.78) (0.57) (0.34)
Book value 3.58 2.72 1.85 0.33 (0.31) (0.63) (1.12) (1.15) (0.70) (0.54)
Shares, m 82 81 79 366 377 389 400 509 697 920
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S 11,011.27 7,843.51 1,953.05 630.50 8,307.96 2,533.77 7,948.01 4,284.97 121.07 16.08
P/B 1.65 1.61 0.63 11.50 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales 6,536.36 5,365.04 818.49 613.79 8,581.04 2,845.85 10,306.30 5,727.04 174.91 22.40
EV/FCF (6.37) (2.89) (0.51) (8.65) (29.94) (9.23) (5.66) (8.97) (6.48) (8.22)
Cash, $m
Cash, $m Operating cash flow (39) (49) (63) (152) (172) (274) (338) (367) (391) (305)
Capex (7) (35) (13) (4) (2) (13) (99) (31) (7) (4)
Free cash flow (45) (84) (76) (156) (173) (287) (437) (397) (398) (309)
Balance, $m
Balance, $m Working capital 193 112 62 44 44 (35) (360) 236 130 253
Total debt 3 2 7 15 261 609 673 682 462 477
Net debt (196) (126) (67) (37) 165 291 566 415 312 234
Shareholders’ equity 293 219 146 121 (118) (244) (450) (586) (488) (500)
Returns, %
Returns, % ROA (35.31) (33.96) (44.51) (97.07) (121.73) (100.48) (100.22) (134.56) (93.21) (79.43)
ROIC (80.17) (66.58) (78.07) (116.43) (295.46) (433.97) (189.00) 0.00 0.00 0.00
ROE (37.21) (37.65) (52.75) (118.32) (20,269.62) 191.38 120.09 112.61 77.01 71.15
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

ImmunityBio, Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CORT Corcept Therapeutics Incorporated $12.3B 212× 139× +31.74% (above 0%: growing) +21.21% (above 0%: growing) −29.89% (below 0%: shrinking) 98.41% 16.12% Compare
SMMT Summit Therapeutics PLC $12.3B — (loss-making) — (loss-making) −100.00% (below 0%: shrinking) n/m −112.80% (below 0%: shrinking) 0.00% 0.00% Compare
TECH Bio-Techne Corp $11.4B 62.0× 37.6× +1.33% (above 0%: growing) n/m −6.83% (below 0%: shrinking) 65.82% 23.13% Compare
BMRN BioMarin Pharmaceutical Inc. $10.9B 144× 16.1× +19.91% (above 0%: growing) −81.60% (below 0%: shrinking) −20.28% (below 0%: shrinking) 79.51% 11.21% Compare
MDGL Madrigal Pharmaceuticals, Inc. $10.6B — (loss-making) — (loss-making) +71.17% (above 0%: growing) n/m +140.54% (above 0%: growing) 89.02% (15.46%) Compare
IBRX ImmunityBio, Inc. $10.6B — (loss-making) — (loss-making) +93.91% (above 0%: growing) n/m +13.38% (above 0%: growing) 99.42% (120.41%)
PCVX Vaxcyte, Inc. $10.3B — (loss-making) — — n/m −92.55% (below 0%: shrinking) 0.00% 0.00% Compare
KRYS Krystal Biotech, Inc. $9.8B 38.3× 38.6× +24.14% (above 0%: growing) +39.10% (above 0%: growing) +40.14% (above 0%: growing) 94.60% 49.00% Compare
KYMR Kymera Therapeutics, Inc. $9.0B — (loss-making) — (loss-making) +466.40% (above 0%: growing) n/m +9.97% (above 0%: growing) 100.00% (116.32%) Compare
Median of peers $10.7B 103× 38.1× +24.14% +21.21% −13.55% 84.27% 5.61%

All 614 Biotechnology stocks →

ImmunityBio, Inc. (IBRX) key facts

  • Strength: ImmunityBio, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $113.3 million, up 668.3% from fiscal 2024.
  • ImmunityBio, Inc. (IBRX) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
  • As of October 16, 2026, IBRX traded at $9.18, a market capitalization of $10.6 billion.
  • Return on equity was 71.2% and debt-to-equity -0.74.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −10.16 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

ImmunityBio, Inc. (IBRX) Latest News

stockrow.com/IBRX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com