IBRX ImmunityBio, Inc. - Common Stock
NASDAQ · Biotechnology · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 4, 2026
$10.29
· of 52w range
· above low
· to high
$1.9552w low
$12.4352w high
Market Cap (MRQ)
$10.83B
P/E (TTM)
-10.6
EPS (TTM)
$-0.97
Revenue (TTM)
$166M
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52W Range
$2–$12
Analyst Rating
BUY
Price Target
$13
P/E
-10.6
ROE
122.7%
Net Profit Margin
-598.6%
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IBRX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$10.29
Market Cap (MRQ)
$10.83B
P/E (TTM)
-10.6
EPS (TTM)
$-0.97
Revenue (TTM)
$166M
ROE (TTM)
122.7%
52W Range
$2–$12
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$113M2016-12-31 → 2025-12-31
EPS$-0.382019-12-31 → 2025-12-31
Free Cash Flow$-309M2016-12-31 → 2025-12-31
Net margin-598.6%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | IBRX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -10.65Y avg ≈-5.1 | ≈-5.1 | · | · | |
| P/S (TTM) | 65.35Y avg ≈3415.1 | ≈3415.1 | 28.1 | Overvalued | |
| P/B (MRQ) | -10.35Y avg ≈-5.8 | ≈-5.8 | · | · | |
| Price / FCF (TTM) | -37.65Y avg ≈-6.7 | ≈-6.7 | · | · | |
| Price / Cash Flow (TTM) | -38.55Y avg ≈-7.3 | ≈-7.3 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | IBRX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | -151.9%5Y avg ≈-48507.2% | ≈-48507.2% | -34.4% | Weak | |
| EBITDA Margin (TTM) | -141.9%5Y avg ≈-46058.8% | ≈-46058.8% | -34.4% | Weak | |
| Pretax Margin (TTM) | -598.7%5Y avg ≈-61662.8% | ≈-61662.8% | -42.3% | Weak | |
| Net Profit Margin (TTM) | -598.6%5Y avg ≈-61515.1% | ≈-61515.1% | -42.8% | Weak | |
| ROA (TTM) | -192.6%5Y avg ≈-101.6% | ≈-101.6% | -20.4% | Weak | |
| ROE (TTM) | 122.7%5Y avg ≈114.6% | ≈114.6% | -23.4% | Top tier | |
| ROIC | 51.1%5Y avg ≈79.6% | ≈79.6% | -21.5% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | IBRX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 5.75Y avg ≈2.9 | ≈2.9 | 6.5 | Low liquidity | |
| Quick Ratio (MRQ) | 5.45Y avg ≈2.6 | ≈2.6 | 5.4 | In line | |
| Interest Coverage | -4.25Y avg ≈-7.6 | ≈-7.6 | -13.2 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | IBRX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 668.3%5Y avg ≈615.6% | ≈615.6% | · | · | |
| Revenue CAGR 3Y | 678.6%5Y avg ≈276.8% | ≈276.8% | · | · | |
| Revenue CAGR 5Y | 184.8% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | IBRX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.35Y avg ≈0.1 | ≈0.1 | 0.2 | Top tier | |
| Inventory Turnover | 0.2 | · | 1.1 | Weak | |
| Receivables Turnover | 5.0 | · | 6.6 | Weak | |
| Revenue / Employee | ≈$165.6K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-13.6%
Next Report
Nov 02, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 12, 2026 | $-0.22 | $-0.09 | -139.7% |
| March 31, 2026 | May 11, 2026 | $-0.08 | $-0.07 | -12.0% |
| Dec. 31, 2025 | $-0.06 | $-0.10 | 37.4% | |
| Sept. 30, 2025 | $-0.07 | $-0.11 | 36.5% | |
| June 30, 2025 | $-0.10 | $-0.11 | 10.9% | |
| March 31, 2025 | $-0.15 | $-0.13 | -14.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $113M | $15M | $622.0K | $240.0K | $934.0K | $605.0K | $2M | $47.0K | $45.0K | $44.0K | $236.0K | $641.0K | |
| Cost of Revenue | $753.0K | $0 | $0 | $0 | · | · | · | · | · | · | · | · | |
| R&D Expense | · | $190M | $232M | $248M | $196M | $140M | $112M | $56M | $42M | $29M | $11M | $2M | |
| SG&A Expense | · | $169M | $130M | $103M | $135M | $71M | $46M | $43M | $57M | $95M | $228M | $5M | |
| Operating Expenses | $369M | $359M | $363M | $352M | $331M | $221M | $158M | $98M | $99M | $125M | $239M | $6M | |
| Operating Income | $-256M | $-344M | $-362M | $-351M | $-330M | $-221M | $-156M | $-98M | $-99M | $-124M | $-239M | $-6M | |
| Interest Expense | $61M | $115M | $129M | $64M | $15M | $9M | $6M | · | $618.0K | $66.0K | $0 | $471.0K | |
| Interest Income | · | · | · | · | · | $1M | $2M | $2M | $4M | $5M | $312.0K | $20.0K | |
| Other Non-op | $-2M | $-15.0K | $-2M | $-736.0K | $193.0K | $1M | $-534.0K | $236.0K | $157.0K | $88.0K | $77.0K | $0 | |
| Pretax Income | $-352M | $-414M | $-584M | $-417M | $-350M | $-226M | $-160M | $-97M | $-97M | $-121M | $-237M | $-6M | |
| Income Tax | $-135.0K | $0 | $-40.0K | $34.0K | $9.0K | $-2M | $-105.0K | $-503.0K | $-493.0K | $-572.0K | $-301.0K | $1.0K | |
| Net Income | $-351M | $-414M | $-583M | $-417M | $-347M | $-222M | $-158M | $-96M | $-96M | $-121M | $-237M | $-6M | |
| EPS (Basic) | $-0.38 | $-0.59 | $-1.15 | $-1.04 | $-0.89 | $-0.59 | $-0.43 | · | · | · | · | · | |
| EPS (Diluted) | $-0.38 | $-0.62 | $-1.15 | $-1.04 | $-0.89 | $-0.59 | $-0.43 | · | · | · | · | · | |
| Shares (Basic) | 919,863,000 | 697,312,000 | 508,636,000 | 399,900,000 | 389,234,156 | 377,067,527 | 366,324,859 | · | · | · | · | · | |
| Shares (Diluted) | 919,863,000 | 700,443,000 | 508,636,000 | 399,900,000 | 389,234,156 | 377,067,527 | 366,324,859 | · | · | · | · | · | |
| EBITDA | $-241M | $-327M | $-344M | $-333M | $-316M | $-82M | $-59M | $-89M | $-94M | $-121M | $1M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $88M | $143M | $265M | $105M | $181M | $35M | $76M | $17M | $24M | $8M | $176M | $59M | |
| Short-term Investments | $154M | $6M | $1M | $3M | $136M | $61M | · | · | $104M | $191M | $118M | · | |
| Receivables | $43M | $2M | $0 | · | · | · | · | · | · | · | · | $145.0K | |
| Inventory | $910.0K | $8M | $0 | · | · | · | · | · | · | · | · | · | |
| Prepaid Expense | $29M | $24M | $26M | $32M | $16M | $14M | $4M | $14M | $4M | $5M | $3M | $124.0K | |
| Other Current Assets | $2M | $1M | $2M | $2M | $3M | $110.0K | $24.0K | $42.0K | $275.0K | $275.0K | $0 | · | |
| Current Assets | $315M | $185M | $294M | $141M | $334M | $112M | $56M | $89M | $132M | $205M | $298M | $59M | |
| PP&E (Net) | $114M | $137M | $146M | $144M | $83M | $73M | $61M | $77M | $77M | $19M | $6M | $211.0K | |
| PP&E (Gross) | $227M | $237M | $230M | $213M | $136M | $114M | $79M | $88M | $81M | $20M | $6M | $257.0K | |
| Accum. Depreciation | $112M | $100M | $84M | $69M | $53M | $42M | $19M | $12M | $4M | $1M | $167.0K | $46.0K | |
| Goodwill | $910.0K | $910.0K | · | · | · | · | · | · | · | · | · | · | |
| Intangibles | $13M | $15M | $17M | $20M | $1M | $1M | $0 | $565.0K | $3M | $5M | $7M | $3.0K | |
| Other Non-current Assets | · | $5M | $3M | $5M | $7M | $3M | $4M | $2M | $330.0K | $788.0K | $1M | $409.0K | |
| Total Assets | $502M | $383M | $504M | $362M | $469M | $221M | $143M | $182M | $250M | $317M | $367M | $61M | |
| Accounts Payable | · | · | · | $21M | $11M | $12M | $2M | $3M | $6M | $4M | $2M | $1M | |
| Accrued Liabilities | $47M | $41M | $43M | $42M | $51M | $37M | $5M | $21M | $11M | $6M | $3M | $311.0K | |
| Short-term Debt | · | · | $0 | $432M | · | · | · | · | · | · | · | $265.0K | |
| Current Liabilities | $62M | $55M | $58M | $501M | $369M | $68M | $12M | $27M | $21M | $13M | $6M | $2M | |
| Capital Leases | $33M | $35M | $40M | $48M | $37M | $16M | $11M | $0 | · | · | · | · | |
| Deferred Tax | · | · | · | · | $162.0K | $170.0K | · | $0 | $498.0K | $996.0K | $1M | · | |
| Other Non-current Liabilities | $424.0K | $319.0K | $1M | $457.0K | $411.0K | $1M | · | $0 | $255.0K | $240.0K | $0 | · | |
| Total Liabilities | $1.00B | $871M | $1.09B | $812M | $713M | $340M | $22M | $36M | $32M | $24M | $11M | $2M | |
| Total Debt | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| Common Stock | $101.0K | $85.0K | $67.0K | $42.0K | $40.0K | $38.0K | $10.0K | $8.0K | $8.0K | $8.0K | $8.0K | · | |
| Retained Earnings | $-3.73B | $-3.38B | $-2.96B | $-2.38B | $-1.96B | $-1.62B | $-662M | $-595M | $-499M | $-387M | $-250M | $-13M | |
| AOCI | $29M | $1M | $10.0K | $183.0K | $4.0K | $122.0K | $-105.0K | $-267.0K | $-381.0K | $-284.0K | $-192.0K | · | |
| Stockholders' Equity | $-500M | $-489M | $-587M | $-447M | $-242M | $-120M | $121M | $146M | $219M | $293M | $356M | $58M | |
| Liabilities + Equity | $502M | $383M | $504M | $362M | $469M | $221M | $143M | $182M | $250M | $317M | $367M | $61M | |
| Shares Outstanding | 1,011,800,008 | 852,904,340 | 670,867,344 | 421,569,115 | 397,830,044 | 382,243,142 | 371,976,995 | 348,677,955 | 79,021,878 | 81,983,937 | 81,311,686 | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $16M | $18M | $19M | $18M | $14M | $13M | $14M | $10M | $6M | $4M | $1M | $36.0K | |
| Stock-based Comp | $37M | $34M | $49M | $40M | $57M | $2M | $3M | $23M | $37M | $74M | $211M | $789.0K | |
| Deferred Tax | $-139.0K | $0 | $-14.0K | $-4.0K | $-8.0K | $-3M | $-8.0K | $-498.0K | $-497.0K | $-575.0K | $-302.0K | $0 | |
| Amort. of Intangibles | · | $2M | $2M | $2M | · | · | $600.0K | $2M | $2M | $3M | $1M | $0 | |
| Other Non-cash | $-6M | $-30M | $149M | $21M | $960.0K | $11M | $-7M | $406.0K | $6M | $5M | $-820.0K | · | |
| Operating Cash Flow | $-305M | $-391M | $-367M | $-338M | $-274M | $-172M | $-152M | $-63M | $-49M | $-39M | $-25M | $-5M | |
| CapEx | $4M | $7M | $31M | $78M | $34M | $2M | $4M | $13M | $35M | $7M | $2M | $235.0K | |
| Investing Cash Flow | $-150M | $-12M | $-30M | $27M | $-85M | $-20M | $19M | $57M | $100M | $-114M | · | · | |
| Stock Issued | · | · | · | $60M | $165M | $86M | $30M | $0 | · | $0 | $0 | $1M | |
| Stock Repurchased | · | · | · | · | $0 | $0 | $3M | $228.0K | $15M | $16M | $5M | $0 | |
| Net Stock Activity | · | · | · | $60M | $165M | $86M | $-501.0K | $-228.0K | $-15M | $-16M | $-5M | · | |
| Financing Cash Flow | $400M | $282M | $558M | $234M | $505M | $151M | $114M | $-771.0K | $-35M | $-16M | · | · | |
| Net Change in Cash | $-54M | $-122M | $161M | $-76M | $146M | $-41M | $-19M | · | $16M | $-168M | $117M | $59M | |
| Taxes Paid | $0 | $15.0K | $8.0K | $2.0K | $9.0K | $8.0K | $3.0K | $4.0K | $3.0K | $2.0K | $1.0K | $1.0K | |
| Free Cash Flow | $-309M | $-398M | $-397M | $-416M | $-308M | $-73M | $-66M | $-76M | $-84M | $-45M | $-28M | · | |
| Levered FCF | $-370M | $-513M | $-527M | $-479M | $-323M | · | · | · | $-84M | $-45M | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -226.0% | -2334.2% | -58239.5% | -146374.2% | -35361.9% | -82546.0% | -157690.7% | -209338.3% | -220266.7% | -282954.6% | · | · | |
| Net Margin | -310.2% | -2804.8% | -93761.4% | -173569.6% | -37129.6% | -83227.9% | -152997.7% | -204736.2% | -214273.3% | -274565.9% | -100371.2% | · | |
| Pretax Margin | -310.4% | -2805.3% | -93873.3% | -173869.2% | -37456.0% | -83223.4% | -153223.3% | -205806.4% | -215368.9% | -275865.9% | · | · | |
| EBITDA Margin | -212.3% | -2215.2% | -55263.3% | -138765.8% | -33837.5% | -74305.4% | -136732.6% | -189008.5% | -207897.8% | -274756.8% | 623.7% | · | |
| ROA | -79.4% | -93.2% | -134.6% | -100.2% | -100.5% | -62.6% | -40.5% | -44.5% | -34.0% | -35.3% | · | · | |
| ROE | 71.0% | 76.9% | 112.8% | 120.8% | 191.6% | -64.4% | -51.3% | -62.5% | -37.6% | -37.2% | -114.5% | · | |
| ROIC | 51.1% | 70.4% | 61.7% | 78.5% | 136.4% | -78.0% | -56.1% | -67.0% | -45.1% | -42.2% | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.1 | 3.4 | 5.0 | 0.3 | 0.9 | 3.1 | 4.8 | 3.3 | 6.3 | 16.3 | · | · | |
| Quick Ratio | 4.6 | 2.8 | 4.6 | 0.2 | 0.9 | 0.5 | 1.3 | 0.6 | 6.1 | 15.8 | 47.9 | · | |
| Debt / Equity | · | · | 0.0 | · | · | · | · | · | · | · | · | · | |
| Interest Coverage | -4.2 | -3.0 | -2.8 | -5.5 | -22.2 | · | · | · | -160.4 | -1886.4 | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | · | |
| Inventory Turnover | 0.2 | 0.0 | · | · | · | · | · | · | · | · | · | · | |
| Receivables Turnover | 5.0 | 12.5 | · | · | · | · | · | · | · | · | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $-0.49 | $-0.57 | $-0.88 | $-1.06 | $-0.61 | $1.08 | $1.23 | $1.85 | $2.77 | $3.58 | · | · | |
| Revenue / Share | $0.12 | $0.02 | $0.00 | $0.00 | $0.00 | · | · | · | · | · | · | · | |
| Cash Flow / Share | $-0.33 | $-0.56 | $-0.72 | $-0.84 | $-0.70 | · | · | · | · | · | · | · | |
| Cash / Share | $0.09 | $0.17 | $0.40 | $0.25 | $0.46 | $0.11 | $0.16 | $0.21 | $0.30 | $0.10 | · | · | |
| EPS (TTM) | $-0.38 | $-0.62 | $-1.15 | $-1.04 | $-0.89 | $-0.59 | $-0.43 | · | · | · | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 668.3% | 2270.6% | 159.2% | -74.3% | 54.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 678.6% | 150.9% | 0.93% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 184.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $113M | $15M | $622.0K | $240.0K | $934.0K | $605.0K | $2M | $47.0K | $45.0K | $44.0K | $236.0K | · | |
| Net Income TTM | $-351M | $-414M | $-583M | $-417M | $-347M | $-222M | $-158M | $-96M | $-96M | $-121M | $-237M | · | |
| Market Cap | $2.00B | $2.18B | $3.37B | $2.14B | $2.42B | $1.45B | $373M | $92M | $355M | $469M | · | · | |
| Enterprise Value | · | · | $3.10B | · | · | · | · | · | · | · | · | · | |
| P/E | -5.2 | -4.1 | -4.4 | -4.9 | -6.8 | -22.6 | -8.8 | · | · | · | · | · | |
| P/S | 17.7 | 148.1 | 5414.4 | 8905.6 | 2589.7 | 2395.6 | 169.5 | 1952.0 | 7884.6 | 10657.9 | · | · | |
| P/B | -4.0 | -4.5 | -5.7 | -4.8 | -10.0 | 12.3 | 3.1 | 0.6 | 1.6 | 1.6 | · | · | |
| P / Cash Flow | -6.6 | -5.6 | -9.2 | -6.3 | -8.8 | -20.6 | -6.1 | -1.4 | -7.3 | -12.2 | · | · | |
| P / FCF | -6.5 | -5.5 | -8.5 | -5.1 | -7.9 | -19.8 | -5.7 | -1.2 | -4.2 | -10.4 | · | · | |
| EV / EBITDA | · | · | -9.0 | · | · | · | · | · | · | · | · | · | |
| EV / FCF | · | · | -7.8 | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | · | · | 4986.0 | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | -19.2% | -24.2% | -22.9% | -20.5% | -14.6% | -4.4% | -11.3% | · | · | · | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51M | $44M | $38M | $32M | $26M | $17M | $8M | $6M | $1M | $40.0K | $139.0K | $82.0K | $41.0K | $360.0K | $73.0K | $118.0K | |
| Cost of Revenue | $298.0K | $238.0K | $382.0K | $177.0K | $136.0K | $58.0K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | · | · | |
| R&D Expense | · | · | · | · | · | · | · | $50M | $51M | $53M | · | $48M | $53M | $79M | $58M | $72M | |
| SG&A Expense | · | · | · | · | · | · | · | $36M | $49M | $42M | · | $32M | $32M | $33M | $26M | $19M | |
| Operating Expenses | $113M | $114M | $103M | $88M | $98M | $81M | $77M | $86M | $100M | $95M | $86M | $80M | $85M | $112M | $85M | $91M | |
| Operating Income | $-62M | $-70M | $-65M | $-56M | $-71M | $-64M | $-69M | $-80M | $-99M | $-95M | $-85M | $-80M | $-85M | $-112M | $-85M | $-91M | |
| Interest Expense | · | · | $15M | $15M | $15M | $15M | $26M | $29M | $30M | $29M | $32M | $35M | $32M | $30M | $29M | $17M | |
| Other Non-op | $242.0K | $-6M | $-2M | $-187.0K | $-278.0K | $-41.0K | $10.0K | $12.0K | $-17.0K | $-20.0K | $-71.0K | $-1M | $-28.0K | $-1M | $-923.0K | $6.0K | |
| Pretax Income | $-230M | $-633M | $-62M | $-67M | $-92M | $-130M | $-59M | $-86M | $-135M | $-134M | $-233M | $-96M | $-138M | $-117M | $-108M | $-111M | |
| Income Tax | $0 | $9.0K | $-135.0K | $-35.0K | $269.0K | $-234.0K | $0 | $0 | $0 | $0 | $-40.0K | $0 | $0 | $0 | $34.0K | $0 | |
| Net Income | $-230M | $-633M | $-62M | $-67M | $-93M | $-130M | $-59M | $-86M | $-135M | $-134M | $-233M | $-96M | $-138M | $-116M | $-108M | $-111M | |
| EPS (Basic) | $-0.22 | $-0.62 | $-0.06 | $-0.07 | $-0.10 | $-0.15 | $-0.07 | $-0.12 | $-0.20 | $-0.20 | $-0.37 | $-0.19 | $-0.32 | $-0.27 | $-0.26 | $-0.28 | |
| EPS (Diluted) | $-0.22 | $-0.62 | $-0.06 | $-0.07 | $-0.10 | $-0.15 | $-0.08 | $-0.14 | $-0.20 | $-0.20 | $-0.37 | $-0.19 | $-0.32 | $-0.27 | $-0.26 | $-0.28 | |
| Shares (Basic) | 1,050,070,000 | 1,026,874,000 | · | 946,601,000 | 888,216,000 | 853,162,000 | · | 695,895,000 | 686,938,000 | 672,831,000 | · | 498,375,000 | 437,456,657 | 428,381,485 | · | 400,059,707 | |
| Shares (Diluted) | 1,050,070,000 | 1,026,874,000 | · | 946,601,000 | 888,216,000 | 853,162,000 | · | 697,961,000 | 686,938,000 | 672,831,000 | · | 498,375,000 | 437,456,657 | 428,381,485 | · | 400,059,707 | |
| EBITDA | $-62M | $-65M | · | $-56M | $-71M | $-61M | · | $-80M | $-99M | $-91M | · | $-80M | $-85M | $-107M | · | $-91M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $76M | $205M | $88M | $60M | $138M | $61M | $143M | $112M | $130M | $133M | $265M | $178M | $44M | $88M | $105M | $104M | |
| Short-term Investments | $282M | $176M | $154M | $198M | $16M | $931.0K | $6M | $18M | $88M | $37M | · | $12M | $2M | $3M | · | $7M | |
| Receivables | $53M | $43M | $43M | $32M | $22M | $17M | $2M | $4M | $1M | · | · | · | · | · | · | · | |
| Inventory | $2M | $547.0K | $910.0K | $7M | $7M | $8M | $8M | $2M | $2M | · | · | · | · | · | · | · | |
| Prepaid Expense | · | $28M | $29M | $33M | $26M | $22M | $24M | $26M | $21M | $23M | · | $23M | $19M | $21M | · | $31M | |
| Other Current Assets | · | $3M | $2M | $3M | $2M | $2M | $1M | $1M | $480.0K | $3M | · | $4M | $5M | $4M | · | $3M | |
| Current Assets | $439M | $453M | $315M | $329M | $208M | $109M | $185M | $163M | $243M | $196M | · | $215M | $67M | $113M | · | $143M | |
| PP&E (Net) | $114M | $113M | $114M | $130M | $133M | $135M | $137M | $139M | $142M | $144M | · | $152M | $151M | $154M | · | $130M | |
| PP&E (Gross) | · | $229M | $227M | $239M | $239M | $238M | $237M | $235M | $234M | $232M | · | $233M | $229M | $228M | · | $195M | |
| Accum. Depreciation | · | $116M | $112M | $109M | $106M | $103M | $100M | $96M | $92M | $88M | · | $81M | $78M | $73M | · | $65M | |
| Goodwill | · | $910.0K | $910.0K | $910.0K | $910.0K | $910.0K | $910.0K | $910.0K | · | · | · | · | · | · | · | · | |
| Intangibles | · | $12M | $13M | $14M | $14M | $14M | · | $15M | $16M | $17M | · | $18M | $19M | $20M | · | $20M | |
| Other Non-current Assets | · | · | · | · | · | · | · | $4M | $3M | $3M | · | $3M | $4M | $5M | · | $5M | |
| Total Assets | $629M | $647M | $502M | $519M | $402M | $304M | $383M | $365M | $444M | $401M | · | $432M | $291M | $343M | · | $353M | |
| Accounts Payable | · | · | · | · | · | · | · | · | · | · | · | · | · | $34M | · | $20M | |
| Accrued Liabilities | · | $48M | $47M | $44M | $36M | $28M | $41M | $44M | $35M | $33M | · | $65M | $62M | $54M | · | $46M | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | · | $0 | $482M | · | · | · | |
| Current Liabilities | $77M | $68M | $62M | $57M | $51M | $49M | $55M | $61M | $62M | $54M | · | $90M | $613M | $565M | · | $71M | |
| Capital Leases | $31M | $33M | $33M | $34M | $36M | $33M | $35M | $37M | $36M | $38M | · | $39M | $45M | $46M | · | $50M | |
| Other Non-current Liabilities | $510.0K | $472.0K | $424.0K | $702.0K | $710.0K | $370.0K | $319.0K | $705.0K | $704.0K | $1M | · | $467.0K | $473.0K | $462.0K | · | $569.0K | |
| Total Liabilities | $1.67B | $1.52B | $1.00B | $1.04B | $972M | $894M | $871M | $1.11B | $1.14B | $1.09B | · | $843M | $936M | $875M | · | $782M | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | $0 | $482M | · | · | · | |
| Common Stock | $105.0K | $104.0K | $101.0K | $98.0K | $91.0K | $85.0K | $85.0K | $70.0K | $69.0K | $68.0K | · | $67.0K | $44.0K | $43.0K | · | $40.0K | |
| Retained Earnings | $-4.59B | $-4.36B | $-3.73B | $-3.66B | $-3.60B | $-3.50B | $-3.38B | $-3.32B | $-3.23B | $-3.10B | · | $-2.73B | $-2.63B | $-2.49B | · | $-2.27B | |
| AOCI | $27M | $27M | $29M | $5M | $13M | $20M | $1M | $103.0K | $-8.0K | $-7.0K | · | $792.0K | $-40.0K | $-33.0K | · | $-190.0K | |
| Stockholders' Equity | $-1.05B | $-870M | $-500M | $-524M | $-571M | $-591M | $-489M | $-745M | $-698M | $-692M | · | $-412M | $-642M | $-529M | · | $-427M | |
| Liabilities + Equity | $629M | $647M | $502M | $519M | $402M | $304M | $383M | $365M | $444M | $401M | · | $432M | $291M | $343M | · | $353M | |
| Shares Outstanding | 1,053,221,645 | 1,047,341,146 | 1,011,800,008 | 984,965,179 | 915,625,053 | 853,556,193 | 852,904,340 | 696,831,296 | 691,793,169 | 677,003,411 | 670,867,344 | 667,703,040 | 440,673,897 | 421,569,115 | 421,569,115 | 400,304,106 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $5M | $5M | $5M | $5M | $5M | $5M | $4M | |
| Stock-based Comp | $9M | $8M | $9M | $9M | $10M | $10M | $9M | $7M | $10M | $8M | $13M | $14M | $11M | $11M | $9M | $11M | |
| Amort. of Intangibles | · | · | · | · | $500.0K | $500.0K | · | $500.0K | $500.0K | $500.0K | · | $500.0K | $500.0K | $500.0K | $400.0K | $600.0K | |
| Other Non-cash | · | $545M | · | · | · | $30M | · | · | · | $14M | · | · | · | $16M | · | · | |
| Operating Cash Flow | $-66M | $-75M | $-70M | $-69M | $-80M | $-86M | $-85M | $-99M | $-100M | $-107M | $-115M | $-87M | $-80M | $-84M | $-91M | $-81M | |
| CapEx | $4M | $2M | $903.0K | $741.0K | $1M | $1M | $2M | $3M | $724.0K | $1M | $8M | $6M | $9M | $8M | $19M | $16M | |
| Investing Cash Flow | $-107M | $-32M | $44M | $-181M | $-16M | $4M | $10M | $65M | $-51M | $-36M | $2M | $-16M | $-9M | $-8M | $-19M | $-1M | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | $47M | · | $0 | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | · | · | · | · | $47M | · | · | |
| Financing Cash Flow | $44M | $224M | $55M | $174M | $173M | $-982.0K | $107M | $16M | $149M | $10M | $201M | $238M | $43M | $77M | $110M | $124M | |
| Net Change in Cash | $-130M | $117M | $28M | $-77M | $77M | $-83M | $32M | $-18M | $-3M | $-132M | $87M | $134M | $-45M | $-16M | $480.0K | $42M | |
| Taxes Paid | · | · | $0 | $0 | $0 | $0 | $0 | $2.0K | $5.0K | $8.0K | $8.0K | $0 | $0 | $0 | $-1.0K | $3.0K | |
| Free Cash Flow | · | $-77M | · | · | · | $-87M | · | · | · | $-108M | · | · | · | $-93M | · | · | |
| Levered FCF | · | · | · | · | · | $-102M | · | · | · | $-138M | · | · | · | $-123M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -120.4% | -157.9% | · | -173.5% | -269.8% | -390.1% | · | -1314.3% | -9487.4% | -237990.0% | · | -97726.8% | -207670.7% | -30994.4% | · | -76952.5% | |
| Net Margin | -449.6% | -1431.4% | · | -209.8% | -350.3% | -784.9% | · | -1404.0% | -12852.3% | -335272.5% | · | -116563.4% | -336290.2% | -32317.5% | · | -94015.2% | |
| Pretax Margin | -449.6% | -1431.5% | · | -209.9% | -349.3% | -786.5% | · | -1404.4% | -12854.2% | -335325.0% | · | -116636.6% | -337104.9% | -32384.2% | · | -94204.2% | |
| EBITDA Margin | -120.4% | -148.0% | · | -173.5% | -269.8% | -366.9% | · | -1314.3% | -9487.4% | -226602.5% | · | -97726.8% | -207670.7% | -29694.2% | · | -76952.5% | |
| ROA | -44.7% | -133.2% | · | -15.2% | -21.9% | -36.8% | · | -21.5% | -36.6% | -36.0% | · | -24.3% | -45.3% | -31.7% | · | -39.1% | |
| ROE | 28.5% | 86.6% | · | 10.6% | 14.6% | 20.2% | · | 14.8% | 20.1% | 22.0% | · | 22.8% | 26.0% | 26.9% | · | 36.1% | |
| ROIC | 5.9% | 8.0% | · | 10.6% | 12.5% | 10.9% | · | 10.8% | 14.2% | 13.8% | · | 19.5% | 53.1% | 21.1% | · | 21.3% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.7 | 6.7 | · | 5.8 | 4.1 | 2.2 | · | 2.7 | 3.9 | 3.6 | · | 2.4 | 0.1 | 0.2 | · | 2.0 | |
| Quick Ratio | 5.4 | 6.2 | · | 5.1 | 3.5 | 1.6 | · | 2.2 | 3.5 | 3.2 | · | 2.1 | 0.1 | 0.2 | · | 1.6 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | 0.0 | -0.8 | · | · | · | |
| Interest Coverage | · | · | · | -3.6 | -4.6 | -4.2 | · | -2.7 | -3.3 | -3.2 | · | -2.3 | -2.6 | -3.7 | · | -5.4 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Inventory Turnover | 0.1 | 0.1 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | · | · | · | · | · | · | · | |
| Receivables Turnover | 1.4 | 1.5 | · | 1.8 | 2.3 | 1.9 | · | 2.9 | 1.9 | · | · | · | · | · | · | · |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $-0.99 | $-0.83 | · | $-0.53 | $-0.62 | $-0.69 | · | $-1.07 | $-1.01 | $-1.02 | · | $-0.62 | $-1.46 | $-1.25 | · | $-1.07 | |
| Revenue / Share | $0.05 | $0.04 | · | $0.03 | $0.03 | $0.02 | · | $0.01 | $0.00 | $0.00 | · | $0.00 | $0.00 | $0.00 | · | $0.00 | |
| Cash Flow / Share | · | $-0.07 | · | · | · | $-0.10 | · | · | · | $-0.16 | · | · | · | $-0.20 | · | · | |
| Cash / Share | $0.07 | $0.20 | · | $0.06 | $0.15 | $0.07 | · | $0.16 | $0.19 | $0.20 | · | $0.27 | $0.10 | $0.21 | · | $0.26 | |
| EPS (TTM) | $-0.97 | $-0.85 | · | $-0.40 | $-0.47 | $-0.57 | · | $-0.91 | $-0.96 | $-1.08 | · | $-1.04 | $-1.13 | $-1.05 | · | $-1.01 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $166M | $141M | · | $83M | $57M | $31M | · | $7M | $1M | $302.0K | · | $556.0K | $592.0K | $586.0K | · | $557.0K | |
| Net Income TTM | $-992M | $-855M | · | $-349M | $-367M | $-409M | · | $-588M | $-598M | $-601M | · | $-458M | $-473M | $-430M | · | $-400M | |
| Market Cap | $9.22B | $8.03B | · | $2.42B | $2.42B | $2.57B | · | $2.59B | $4.37B | $3.64B | · | $1.13B | $1.23B | $767M | · | $1.99B | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | $939M | $1.66B | · | · | · | |
| P/E | -9.0 | -9.0 | · | -6.2 | -5.6 | -5.3 | · | -4.1 | -6.6 | -5.0 | · | -1.6 | -2.5 | -1.7 | · | -4.9 | |
| P/S | 55.6 | 57.0 | · | 29.4 | 42.7 | 82.3 | · | 353.5 | 3342.6 | 12038.1 | · | 2029.5 | 2069.4 | 1309.3 | · | 3571.8 | |
| P/B | -8.8 | -9.2 | · | -4.6 | -4.2 | -4.3 | · | -3.5 | -6.3 | -5.3 | · | -2.7 | -1.9 | -1.5 | · | -4.7 | |
| P / Cash Flow | · | -106.6 | · | · | · | -29.9 | · | · | · | -34.0 | · | · | · | -9.1 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | 1688.2 | 2805.8 | · | · | · | |
| Earnings Yield | -11.1% | -11.1% | · | -16.3% | -17.8% | -18.9% | · | -24.5% | -15.2% | -20.1% | · | -61.5% | -40.6% | -57.7% | · | -20.3% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $113M | $15M | $622.0K | $240.0K | $934.0K |
| Operating Margin % | -226.0% | -2334.2% | -58239.5% | -146374.2% | -35361.9% |
| Net Income | $-351M | $-414M | $-583M | $-417M | $-347M |
| Diluted EPS | $-0.38 | $-0.62 | $-1.15 | $-1.04 | $-0.89 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | · | · | 0.0 | · | · |
| Current Ratio | 5.1 | 3.4 | 5.0 | 0.3 | 0.9 |
| Quick Ratio | 4.6 | 2.8 | 4.6 | 0.2 | 0.9 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-309M | $-398M | $-397M | $-416M | $-308M |
Institutional owners (13F) 447 filers · $2.0B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
447
Value held
$2.0B
New positions
70
Exited positions
45
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 70 (-104 vs prior Q) | 45 (+16 vs prior Q) | 147 (+6 vs prior Q) | 110 (+52 vs prior Q) | +21.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $298,398,958 | 34,083,262 | 14.71% | Shares |
| STATE STREET CORP | $187,343,325 | 21,398,438 | 9.24% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $156,398,541 | 17,863,911 | 7.71% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $137,379,774 | 15,691,579 | 6.77% | Shares |
| D. E. Shaw & Co., Inc. | $101,129,171 | 11,551,019 | 4.99% | Shares |
| TWO SIGMA INVESTMENTS, LP | $97,155,163 | 11,097,106 | 4.79% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $86,230,624 | 9,847,896 | 4.25% | Shares |
| VANGUARD GROUP INC | $64,898,969 | 32,777,257 | 3.20% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $58,057,776 | 6,627,600 | 2.86% | Call option |
| MILLENNIUM MANAGEMENT LLC | $48,851,088 | 5,579,793 | 2.41% | Shares |
| LMR Partners LLP | $34,879,045 | 3,983,900 | 1.72% | Call option |
| CITADEL ADVISORS LLC | $33,592,060 | 3,836,900 | 1.66% | Call option |
| NORTHERN TRUST CORP | $31,213,746 | 3,565,248 | 1.54% | Shares |
| MORGAN STANLEY | $30,053,096 | 3,432,678 | 1.48% | Shares |
| GOLDMAN SACHS GROUP INC | $28,316,099 | 3,234,277 | 1.40% | Shares |
| UBS Group AG | $27,978,598 | 3,195,728 | 1.38% | Shares |
| GREAT POINT PARTNERS LLC | $26,272,004 | 3,000,800 | 1.30% | Put option |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $25,289,754 | 2,888,607 | 1.25% | Shares |
| Woodline Partners LP | $21,889,155 | 2,500,189 | 1.08% | Shares |
| SEB Asset Management AB | $21,424,757 | 2,447,150 | 1.06% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $21,120,019 | 2,412,338 | 1.04% | Shares |
| BANK OF AMERICA CORP /DE/ | $19,125,201 | 2,184,489 | 0.94% | Shares |
| JANE STREET GROUP, LLC | $17,547,647 | 2,004,300 | 0.87% | Call option |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $15,075,252 | 1,721,902 | 0.74% | Shares |
| FEDERATED HERMES, INC. | $14,999,066 | 1,713,200 | 0.74% | Shares |
| CITADEL ADVISORS LLC | $14,898,384 | 1,701,700 | 0.73% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $14,700,156 | 1,678,100 | 0.72% | Put option |
| ROYAL BANK OF CANADA | $13,506,000 | 1,542,717 | 0.67% | Shares |
| JPMORGAN CHASE & CO | $12,871,781 | 1,450,180 | 0.63% | Shares |
| Bank of New York Mellon Corp | $11,510,727 | 1,314,760 | 0.57% | Shares |
| FIRST TRUST ADVISORS LP | $10,634,409 | 1,214,667 | 0.52% | Shares |
| Cetera Investment Advisers | $9,984,867 | 1,140,476 | 0.49% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $9,012,388 | 1,029,399 | 0.44% | Shares |
| LPL Financial LLC | $8,939,354 | 1,021,057 | 0.44% | Shares |
| OSAIC HOLDINGS, INC. | $7,670,411 | 875,621 | 0.38% | Shares |
| Nuveen, LLC | $7,525,903 | 859,612 | 0.37% | Shares |
| Pictet Asset Management Holding SA | $7,433,121 | 847,659 | 0.37% | Shares |
| Squarepoint Ops LLC | $6,662,494 | 760,993 | 0.33% | Shares |
| WELLS FARGO & COMPANY/MN | $6,452,703 | 737,031 | 0.32% | Shares |
| BARCLAYS PLC | $6,394,093 | 730,336 | 0.32% | Shares |
| Swiss National Bank | $6,321,110 | 722,000 | 0.31% | Shares |
| Clearwater Capital Advisors, LLC | $6,281,923 | 717,524 | 0.31% | Shares |
| Trexquant Investment LP | $6,098,269 | 696,547 | 0.30% | Shares |
| ALLEN HOLDING INC /NY | $6,019,684 | 687,571 | 0.30% | Shares |
| Kercheville Advisors, LLC | $5,644,219 | 644,685 | 0.28% | Shares |
| FRANKLIN RESOURCES INC | $5,097,004 | 582,182 | 0.25% | Shares |
| CITIGROUP INC | $4,817,667 | 550,276 | 0.24% | Shares |
| Voleon Capital Management LP | $4,807,598 | 549,126 | 0.24% | Shares |
| D.A. DAVIDSON & CO. | $4,718,279 | 538,924 | 0.23% | Shares |
| SHEETS SMITH WEALTH MANAGEMENT | $4,487,568 | 512,572 | 0.22% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Cambridge Equities, LP, MP 13 Ventures, LLC, NantWorks, LLC, Nant Capital, LLC, California Capital Equity, LLC, Patrick Soon-Shiong ×5 filings | Aug. 6, 2026 | 64.80% | Amendment | · | SEC |
| Cambridge Equities, LP (2), MP 13 Ventures, LLC (2), NantWorks, LLC (2), NantMobile, LLC (2), Nant Capital, LLC (2), California Capital Equity, LLC (2), Patrick Soon-Shiong (2) ×9 filings | Jan. 4, 2024 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 20 insiders · 6 officers · 13 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Richard Adcock | CEO & President | Feb. 22, 2026 M | 560,344 | 0 | 0 | $0 |
| David C. Sachs | Chief Financial Officer | Feb. 22, 2026 M | 300,143 | 0 | 0 | $0 |
| Sonja Nelson | Chief Financial Officer | Jan. 12, 2021 M | 15,410 | 0 | 0 | $0 |
| Richard J. Tajak | Chief Financial Officer | March 23, 2017 M | 12,876 | 0 | 0 | $0 |
| Angela Wilson | Chief Financial Officer | Dec. 10, 2015 P | 3,265 | 0 | 0 | $0 |
| Regan J Lauer | Chief Accounting Officer | Feb. 22, 2026 M | 115,875 | 0 | 0 | $0 |
| Cheryl Cohen | Director | July 2, 2026 M | 125,386 | 0 | 1 | $-1,246,495 |
| Christobel Selecky | Director | July 1, 2026 M | 0 | 0 | 6 | $-2,997,697 |
| Barry J. Simon | Director | June 24, 2026 S | 2,802,788 | 0 | 7 | $-4,141,241 |
| Linda Maxwell | Director | June 9, 2026 A | · | 0 | 0 | $0 |
| Michael D Blaszyk | Director | June 9, 2026 A | 71,915 | 0 | 0 | $0 |
| Bruce Wendel | Director | June 9, 2026 A | · | 0 | 0 | $0 |
| Wesley Clark | Director | June 9, 2026 A | 8,000 | 0 | 0 | $0 |
| John C Thomas | Director | Dec. 10, 2020 S | 207,477 | 0 | 0 | $0 |
| Frederick W Driscoll | Director | Aug. 11, 2020 S | 109,235 | 0 | 0 | $0 |
| Steve Gorlin | Director | June 10, 2020 A | 92,592 | 0 | 0 | $0 |
| Richard Kusserow | Director | June 9, 2017 A | 394,053 | 0 | 0 | $0 |
| John T Potts JR | Director | June 9, 2017 A | 159,253 | 0 | 0 | $0 |
| Patrick Soon-Shiong | · | Feb. 10, 2025 A | · | 0 | 0 | $0 |
| John Owen Brennan | · | June 11, 2024 A | 25,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 35 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IDNA · iShares Trust | 2.82% | 934,908 SH | Sept. 11, 2026 | Daily |
| BBP · ETFis Series Trust I | 1.39% | 191,148 NS | July 31, 2026 | N-PORT |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.66% | 74,882 SH | Oct. 2, 2026 | Daily |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.65% | 524,194 NS | July 31, 2026 | N-PORT |
| LABU · Direxion Shares ETF Trust | 0.61% | 423,471 NS | July 31, 2026 | N-PORT |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.53% | 231,217 SH | Oct. 2, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.25% | 470,597 NS | July 31, 2026 | N-PORT |
| IBB · iShares Trust | 0.21% | 2,871,255 SH | Sept. 11, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.20% | 414,467 SH | Aug. 19, 2026 | Daily |
| IWO · iShares Trust | 0.20% | 3,629,373 SH | Sept. 11, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.20% | 157,387 NS | July 31, 2026 | N-PORT |
| PWS · Pacer Funds Trust | 0.17% | 5,786 NS | July 31, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.17% | 390,556 SH | Aug. 19, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 102,487 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.10% | 2,224,716 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.10% | 9,868,418 SH | Sept. 11, 2026 | Daily |
| ISCG · iShares Trust | 0.10% | 119,028 SH | Sept. 11, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.09% | 4,852,894 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.09% | 185,076 NS | July 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.07% | 62,633 NS | July 31, 2026 | N-PORT |
| TECB · iShares Trust | 0.06% | 36,976 SH | Sept. 11, 2026 | Daily |
| ESML · iShares Trust | 0.05% | 182,507 SH | Sept. 11, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.05% | 1,082,841 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.04% | 8,407,771 SH | Aug. 19, 2026 | Daily |
| FHLC · FIDELITY COVINGTON TRUST | 0.04% | 170,988 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.03% | 3,724,582 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.03% | 24,490 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.02% | 56,428 SH | Oct. 2, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 105,730 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 437,718 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.00% | 948 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 11,599,962 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 31,790 SH | Aug. 19, 2026 | Daily |
| ISCB · iShares Trust | · | 17,015 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 57,890 SH | Sept. 11, 2026 | Daily |
IBRX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 10 analysts
BUY
Median target
$12.00
+16.7%
4 40.0%
Strong Buy
5 50.0%
Buy
1 10.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
3 analysts · 2026-10-04Mean target $13.00 +26.4%
← Below all targets
Current price $10.29
Low$12.00
Mean$13.00
High$15.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| IBRX | $2.00B | -5.2 | 668.3% | -310.2% | 71.0% | · |
| HALO | $7.93B | 26.3 | 37.5% | 22.7% | 166.1% | · |
| TWST | $1.71B | -21.6 | 20.3% | -20.6% | -17.0% | · |
| MDGL | $13.30B | -45.3 | 432.1% | -30.1% | -44.4% | · |
| BMRN | $11.43B | 33.0 | 12.9% | 10.8% | 5.8% | · |
| KRYS | $7.20B | 36.0 | 33.9% | 52.6% | 18.1% | · |
| ARWR | $4.68B | -3449.0 | 23258.2% | -0.20% | -0.50% | · |
| PTGX | $5.47B | -42.6 | -89.4% | -282.8% | -20.3% | · |
| CYTK | $7.81B | -9.7 | 376.6% | -891.6% | 152.7% | · |
Latest News Recent headlines mentioning this company
ImmunityBio (IBRX): One of the Best Performing Growth Stocks So Far in 2026
Yahoo Finance · 3 months, 3 weeks ago
ImmunityBio Inc. (IBRX): One of the Most Shorted Mid-Cap Stocks to Buy Now
Yahoo Finance · 3 months, 3 weeks ago
Why ImmunityBio Stock is Soaring Higher Today
Yahoo Finance · 4 months, 1 week ago
Why ImmunityBio Stock Slumped on Monday
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Yahoo Finance · 6 months, 1 week ago
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Yahoo Finance · 6 months, 1 week ago
Stock Market Today, March 24: Oil, AI, and Private Credit Fears Weigh on Markets
Nasdaq · 6 months, 1 week ago
Why ImmunityBio Stock Is Down More Than 20% Today
Yahoo Finance · 6 months, 1 week ago
Jim Cramer on ImmunityBio: “That Stock Is Part of the Magical Thinking Era”
Yahoo Finance · 6 months, 1 week ago
ImmunityBio ( IBRX ) Loses 17 % to Profit - Taking After Intra - Day High
finance.yahoo.com · 7 months ago
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Source: SEC 10-Q filed Aug 4, 2026