IOVA Chart
About

Iovance Biotherapeutics, Inc., a commercial-stage biopharmaceutical company, develops and commercializes cell therapies using autologous tumor infiltrating lymphocyte for the treatment of metastatic melanoma and other solid tumor cancers in the United States and internationally. The company offers Amtagvi, an individualized T cell therapy for solid tumor cancer and for the treatment of adult patients with previously treated advanced, or unresectable or metastatic melanomal; and Proleukin, an interleukin-2 product for the treatment of patients with metastatic melanoma and metastatic renal cell carcinoma. It also develops lifileucel for the treatment of melanoma, cervical cancer, non-small cell lung cancer (NSCLC), endometrial cancer, and head and neck squamous cell carcinoma (HNSCC); LN-145-S1 to treat melanoma and HNSCC; LN-145 Gen 3 and core biopsy for the treatment of NSCLC; LN-145 Gen 3 to treat melanoma and HNSCC; IOV-2001 to treat chronic lymphocytic leukemia and small lymphocytic lymphoma; IOV-4001 for the treatment of melanoma and NSCLC; and IOV-3001 for use in the TIL therapy treatment regimen. The company has collaborations and licensing agreements with National Institutes of Health; the National Cancer Institute; Cellectis S.A.; Novartis Pharma AG; and Boehringer Ingelheim Biopharmaceuticals GmbH. The company was formerly known as Lion Biotechnologies, Inc. and changed its name to Iovance Biotherapeutics, Inc. in June 2017. Iovance Biotherapeutics, Inc. was incorporated in 2007 and is headquartered in San Carlos, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 1.64B
Enterprise Value 1.42B Income -390.98M Sales 263.50M
Book/sh 1.70 Cash/sh 0.72 Dividend Yield
Payout 0.00% Employees 975 IPO
P/E Forward P/E -16.56 PEG
P/S 6.24 P/B 2.35 P/C
EV/EBITDA -3.91 EV/Sales 5.38 Quick Ratio 2.74
Current Ratio 3.20 Debt/Eq 7.08 LT Debt/Eq
EPS (ttm) -1.09 EPS next Y -0.24 EPS Growth
Revenue Growth 17.70% Earnings 2026-05-07 ROA -27.30%
ROE -55.50% ROIC Gross Margin 34.28%
Oper. Margin -84.66% Profit Margin -148.38% Shs Outstand 411.96M
Shs Float 353.41M Short Float 34.19% Short Ratio 8.93
Short Interest 52W High 5.63 52W Low 1.64
Beta 0.74 Avg Volume 15.39M Volume 3.52M
Target Price $9.00 Recom Buy Prev Close $4.04
Price $3.99 Change -1.24%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$9.00
Mean price target
2. Current target
$4.01
Latest analyst target
3. DCF / Fair value
$-7.10
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.01
Low
$4.00
High
$16.00
Mean
$9.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-05 main UBS Neutral → Neutral $4
2026-03-03 up Citizens Market Perform → Market Outperform $5
2026-02-25 main Barclays Overweight → Overweight $11
2026-02-25 up Citizens Market Perform → Market Outperform $5
2025-12-17 main Barclays Overweight → Overweight $10
2025-11-24 main Barclays Overweight → Overweight $9
2025-11-06 main Chardan Capital Buy → Buy $17
2025-10-29 main HC Wainwright & Co. Buy → Buy $9
2025-08-19 reit HC Wainwright & Co. Buy → Buy $20
2025-08-08 main Wells Fargo Overweight → Overweight $14
2025-08-08 main Chardan Capital Buy → Buy $20
2025-07-23 main Chardan Capital Buy → Buy $25
2025-05-16 down UBS Buy → Neutral $2
2025-05-12 main Goldman Sachs Buy → Buy $8
2025-05-12 main Mizuho Outperform → Outperform $10
2025-05-12 main Barclays Overweight → Overweight $4
2025-05-09 down JMP Securities Market Outperform → Market Perform
2025-05-09 main Chardan Capital Buy → Buy $25
2025-05-09 main HC Wainwright & Co. Buy → Buy $20
2025-04-17 main Goldman Sachs Buy → Buy $16
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership Value
0 31246 GRAF FINCKENSTEIN FRIEDRICH Officer 2026-03-05 00:00:00 D nan
1 39059 PURI RAJ K Officer 2026-03-05 00:00:00 D nan
2 31246 BILINSKY IGOR P Chief Operating Officer 2026-03-05 00:00:00 D nan
3 62493 VOGT FREDERICK G Chief Executive Officer 2026-03-05 00:00:00 D nan
4 12697 GRAF FINCKENSTEIN FRIEDRICH Officer 2026-03-02 00:00:00 D nan
5 5470 PURI RAJ K Officer 2026-03-02 00:00:00 D nan
6 12307 BILINSKY IGOR P Chief Operating Officer 2026-03-02 00:00:00 D nan
7 52087 VOGT FREDERICK G Chief Executive Officer 2026-03-02 00:00:00 D nan
8 120000 KIRBY DANIEL GORDON Officer 2026-02-24 00:00:00 D nan
9 39996 KIRBY DANIEL GORDON Officer 2026-02-10 00:00:00 D nan
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-27.26K0.000.000.00
TaxRateForCalcs0.010.010.010.00
NormalizedEBITDA-345.75M-347.21M-427.43M-377.74M
TotalUnusualItems-5.14M0.000.00
TotalUnusualItemsExcludingGoodwill-5.14M0.000.00
NetIncomeFromContinuingOperationNetMinorityInterest-390.98M-372.18M-444.04M-395.89M
ReconciledDepreciation47.32M48.07M33.13M21.14M
ReconciledCostOfRevenue161.80M82.78M10.76M0.00
EBITDA-350.89M-347.21M-427.43M-377.74M
EBIT-398.21M-395.28M-460.56M-398.88M
NetInterestIncome10.31M20.27M13.04M2.98M
InterestIncome10.31M20.27M13.04M2.98M
NormalizedIncome-385.86M-372.18M-444.04M-395.89M
NetIncomeFromContinuingAndDiscontinuedOperation-390.98M-372.18M-444.04M-395.89M
TotalExpenses661.72M559.35M461.75M398.88M
TotalOperatingIncomeAsReported-403.36M-395.28M-460.56M-398.88M
DilutedAverageShares357.35M289.88M235.13M159.26M
BasicAverageShares357.35M289.88M235.13M159.26M
DilutedEPS-1.09-1.28-1.89-2.49
BasicEPS-1.09-1.28-1.89-2.49
DilutedNIAvailtoComStockholders-390.98M-372.18M-444.04M-395.89M
NetIncomeCommonStockholders-390.98M-372.18M-444.04M-395.89M
NetIncome-390.98M-372.18M-444.04M-395.89M
NetIncomeIncludingNoncontrollingInterests-390.98M-372.18M-444.04M-395.89M
NetIncomeContinuousOperations-390.98M-372.18M-444.04M-395.89M
TaxProvision-2.07M-2.83M-3.48M0.00
PretaxIncome-393.05M-375.00M-447.52M-395.89M
OtherIncomeExpense-5.14M
SpecialIncomeCharges-5.14M0.000.00
RestructuringAndMergernAcquisition5.14M0.000.00
NetNonOperatingInterestIncomeExpense10.31M20.27M13.04M2.98M
InterestIncomeNonOperating10.31M20.27M13.04M2.98M
OperatingIncome-398.21M-395.28M-460.56M-398.88M
OperatingExpense488.53M466.10M450.99M398.88M
DepreciationAmortizationDepletionIncomeStatement35.94M37.60M21.42M
DepreciationAndAmortizationInIncomeStatement35.94M37.60M21.42M
ResearchAndDevelopment300.27M276.23M344.08M294.78M
SellingGeneralAndAdministration152.32M152.27M106.92M104.10M
GeneralAndAdministrativeExpense104.10M83.66M
OtherGandA104.10M83.66M
GrossProfit90.32M70.82M-9.57M0.00
CostOfRevenue173.18M93.25M10.76M0.00
TotalRevenue263.50M164.07M1.19M0.00
OperatingRevenue268.00M169.17M1.19M0.00
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber411.94M305.25M256.14M187.81M
ShareIssued411.94M305.25M256.14M187.81M
TotalDebt49.44M58.26M75.86M85.45M
TangibleBookValue419.26M428.00M355.35M499.63M
InvestedCapital699.58M711.40M585.61M500.63M
WorkingCapital304.33M334.68M197.54M387.63M
NetTangibleAssets419.26M428.01M355.36M499.64M
CapitalLeaseObligations48.44M57.26M74.86M84.45M
CommonStockEquity698.58M710.40M584.61M499.63M
PreferredStockEquity2.00K3.00K3.00K3.00K
TotalCapitalization698.58M711.40M585.61M500.64M
TotalEquityGrossMinorityInterest698.58M710.40M584.61M499.64M
StockholdersEquity698.58M710.40M584.61M499.64M
GainsLossesNotAffectingRetainedEarnings16.44M-1.05M2.53M-902.00K
OtherEquityAdjustments16.44M-1.05M2.53M-902.00K
RetainedEarnings-2.78B-2.38B-2.01B-1.57B
AdditionalPaidInCapital3.46B3.10B2.59B2.07B
CapitalStock19.00K16.00K14.00K11.00K
CommonStock17.00K13.00K11.00K8.00K
PreferredStock2.00K3.00K3.00K3.00K
TotalLiabilitiesNetMinorityInterest214.59M200.02M195.74M164.34M
TotalNonCurrentLiabilitiesNetMinorityInterest76.23M77.68M85.43M72.86M
NonCurrentDeferredLiabilities31.83M32.31M17.35M0.00
NonCurrentDeferredTaxesLiabilities31.83M32.31M17.35M0.00
LongTermDebtAndCapitalLeaseObligation44.40M45.37M68.08M72.86M
LongTermCapitalLeaseObligation44.40M44.37M67.08M71.86M
LongTermDebt1.00M1.00M1.00M1.00M
CurrentLiabilities138.36M122.34M110.31M91.48M
CurrentDebtAndCapitalLeaseObligation5.04M12.90M7.78M12.59M
CurrentCapitalLeaseObligation4.04M12.90M7.78M12.59M
CurrentDebt1.00M
CurrentNotesPayable1.00M0.00
PayablesAndAccruedExpenses133.31M109.44M102.53M78.90M
CurrentAccruedExpenses111.16M81.94M69.41M52.30M
Payables22.16M27.51M33.12M26.60M
AccountsPayable22.16M27.51M33.12M26.60M
TotalAssets913.17M910.43M780.35M663.98M
TotalNonCurrentAssets470.48M453.41M472.50M184.87M
OtherNonCurrentAssets14.15M6.73M66.70M6.62M
InvestmentsAndAdvances0.0091.59M
InvestmentinFinancialAssets0.0091.59M
AvailableForSaleSecurities91.59M
GoodwillAndOtherIntangibleAssets279.32M282.40M229.26M0.00
NetPPE177.01M164.28M176.54M178.25M
AccumulatedDepreciation-48.77M-36.02M-27.91M-16.72M
GrossPPE225.78M200.30M204.46M194.97M
Leases90.39M67.38M76.80M74.31M
ConstructionInProgress35.65M34.94M24.10M9.12M
OtherProperties84.70M86.67M91.64M101.10M
MachineryFurnitureEquipment15.04M11.32M11.92M10.44M
Properties0.000.000.000.00
CurrentAssets442.69M457.02M307.85M479.12M
OtherCurrentAssets11.58M12.38M17.46M7.27M
PrepaidAssets3.55M
Inventory51.68M51.52M10.37M0.00
OtherInventories-7.88M
FinishedGoods22.83M15.01M4.62M0.00
WorkInProcess5.04M8.77M5.75M0.00
RawMaterials31.68M27.74M0.00
Receivables82.45M69.34M151.00K0.00
AccountsReceivable82.45M69.34M151.00K0.00
CashCashEquivalentsAndShortTermInvestments296.98M323.78M279.87M471.85M
OtherShortTermInvestments133.90M208.09M164.98M240.11M
CashAndCashEquivalents163.08M115.69M114.89M231.73M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-336.24M-364.05M-384.11M-313.18M
IssuanceOfDebt0.000.001.00M
IssuanceOfCapitalStock306.31M397.30M463.28M189.50M
CapitalExpenditure-33.84M-11.07M-22.29M-20.43M
EndCashPosition169.06M122.05M181.32M238.16M
BeginningCashPosition122.05M181.32M238.16M84.31M
EffectOfExchangeRateChanges1.14M-541.00K-2.74M
ChangesInCash45.86M-58.72M-54.10M153.85M
FinancingCashFlow300.77M390.66M462.96M190.15M
CashFlowFromContinuingFinancingActivities300.77M390.66M462.96M190.15M
NetOtherFinancingCharges-7.06M-12.86M-2.79M-2.65M
ProceedsFromStockOptionExercised1.52M6.22M2.47M3.30M
NetCommonStockIssuance306.31M397.30M463.28M189.50M
CommonStockIssuance306.31M397.30M463.28M189.50M
NetIssuancePaymentsOfDebt0.000.001.00M
NetLongTermDebtIssuance0.000.001.00M
LongTermDebtIssuance0.000.001.00M
InvestingCashFlow47.50M-96.41M-155.24M256.45M
CashFlowFromContinuingInvestingActivities47.50M-96.41M-155.24M256.45M
NetInvestmentPurchaseAndSale81.33M-32.77M79.68M276.88M
SaleOfInvestment400.00M428.00M285.58M522.70M
PurchaseOfInvestment-318.67M-460.77M-205.90M-245.82M
NetBusinessPurchaseAndSale0.00-52.57M-212.63M0.00
PurchaseOfBusiness0.00-52.57M-212.63M0.00
NetPPEPurchaseAndSale-33.84M-11.07M-22.29M-20.43M
PurchaseOfPPE-33.84M-11.07M-22.29M-20.43M
OperatingCashFlow-302.41M-352.98M-361.82M-292.76M
CashFlowFromContinuingOperatingActivities-302.41M-352.98M-361.82M-292.76M
ChangeInWorkingCapital-24.27M-127.02M-6.52M-2.89M
ChangeInOtherCurrentLiabilities-10.90M-12.07M-10.79M-1.94M
ChangeInPayablesAndAccruedExpense21.98M737.00K24.60M1.18M
ChangeInAccruedExpense28.64M8.58M19.77M-4.70M
ChangeInPayable-6.66M-7.84M4.83M5.88M
ChangeInAccountPayable-6.66M-7.84M4.83M5.88M
ChangeInPrepaidAssets-8.02M-2.11M-10.06M-2.13M
ChangeInInventory-14.21M-44.38M-10.12M0.00
ChangeInReceivables-13.11M-69.19M-149.00K0.00
ChangesInAccountReceivables-13.11M-69.19M-149.00K0.00
StockBasedCompensation61.58M109.63M62.62M84.02M
ProvisionandWriteOffofAssets13.40M
AssetImpairmentCharge7.36M0.00397.00K0.00
AmortizationOfSecurities-7.20M-10.26M-3.60M474.00K
DeferredTax-2.07M-2.83M-3.48M0.00
DeferredIncomeTax-2.07M-2.83M-3.48M0.00
DepreciationAmortizationDepletion47.32M48.07M33.13M21.14M
DepreciationAndAmortization47.32M48.07M33.13M21.14M
AmortizationCashFlow23.08M26.38M9.85M0.00
AmortizationOfIntangibles23.08M26.38M9.85M0.00
Depreciation24.25M21.69M23.28M21.14M
OperatingGainsLosses-194.00K1.61M70.00K
NetForeignCurrencyExchangeGainLoss-238.00K-175.00K70.00K0.00
GainLossOnSaleOfPPE0.00-5.57M0.000.00
NetIncomeFromContinuingOperations-390.98M-372.18M-444.04M-395.89M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for IOVA
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status