Iovance Biotherapeutics, Inc.

Iovance Biotherapeutics, Inc.

IOVA·NASDAQ

$3.79

-7.6%
HealthcareBiotechnology

Iovance Biotherapeutics, Inc., a clinical-stage biotechnology company, focuses on developing and commercializing cancer immunotherapy products to harness the power of a patient's immune system to eradicate cancer cells. It has six ongoing phase 2 clinical studies, including C-144-01, of its lead product candidate, lifileucel, for the treatment of metastatic melanoma; C-145-04, of its product candidate lifileucel for recurrent, metastatic, or persistent cervical cancer; and C-145-03, of its product candidate LN-145, for recurrent and/or metastatic head and neck squamous cell carcinoma. Iovance Biotherapeutics, Inc. has collaborations and licensing agreements with H. Lee Moffitt Cancer Center; M.D. Anderson Cancer Center; Ohio State University; Centre hospitalier de l'Université de Montreal; Cellectis S.A.; and Novartis Pharma AG. 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.

At a Glance

Live Snapshot
Market Cap$1.36B
EPS-1.0900
P/E Ratio-3.48
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -3.5).

Valuation inputs: P/E -3.5, earnings yield N/A, momentum -7.6%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -56.0%, ROIC -51.5%).

Profitability stack: net margin -1.5%, ROE -56.0%, ROIC -51.5%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +23.5%, momentum -7.6%, net margin -1.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Iovance Biotherapeutics, Inc. Market vs Earnings Trajectory

IOVA · NASDAQ

Loading price and EPS data...

Iovance Biotherapeutics, Inc.

Iovance Biotherapeutics, Inc. Fair Value Envelope

IOVA · NASDAQ

Our analysis suggests that IOVA has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $3.79, this represents a potential HIDDEN relative to our calculated worth for Iovance Biotherapeutics, Inc..

Intrinsic Value
Current Price: $3.79
3Y-56.0%
5Y-42.0%
10Y+14.0%
3Y-
5Y-
10Y-
3Y-1.0%
5Y+51.0%
10Y+639.0%
3Y+3.0%
5Y+47.0%
10Y+826.0%
3Y+7.0%
5Y+33.0%
10Y+883.0%
3Y+38.0%
5Y+19.0%
10Y+431.0%
Iovance Biotherapeutics, Inc.

Iovance Biotherapeutics, Inc. Profit Bridge

IOVA · NASDAQ
Revenue263.50M
Cost of Goods Sold (7.29M)
Gross Profit256.22M
Operating Expenses (659.57M)
Operating Income-403.36M
Interest Expense (0.00)
Other Income/Expense10.31M
Pretax Income-393.05M
Income Tax (-2.07M)
Net Income-390.98M
Net Income
-390.98M

Profitability Analysis

Gross Margin

97.2%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-153.1%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-148.4%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

97.23%
Gross Profit Margin
298%
3Y-
5Y-
10Y-
-153.08%
Operating Profit Margin
-36%
3Y-
5Y-
10Y-
-148.38%
Net Profit Margin
-35%
3Y-
5Y-
10Y-
-55.97%
Return on Equity
7%
3Y-29.0%
5Y+42.0%
10Y+77.0%
-42.82%
Return on Assets
5%
3Y-28.0%
5Y+27.0%
10Y+39.0%
-51.52%
Return on Invested Capital
5%
3Y-24.0%
5Y+42.0%
10Y+60.0%
IOVA

Iovance Biotherapeutics, Inc. Cash Conversion Engine

IOVA · NASDAQ
Net Income-390.98M
Depreciation & Amortization34.46M
Stock-Based Compensation61.58M
Change in Working Capital-24.27M
Others18.87M
Capital Expenditures-33.84M
Free Cash Flow-336.24M

Cash Flow Quality Analysis

FCF Conversion Rate

86.0%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-11.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+7.6%

Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.

Working Capital Impact

-$24.27M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

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Iovance Biotherapeutics, Inc. Funding & Solvency Profile

IOVA · NASDAQ
Cash & Cash Equivalents196.51M
Net Receivables81.76M
Inventory58.38M
Other Current Assets12.93M
Total Current Assets467 M
Property, Plant & Equipment175.78M
Goodwill & Intangible Assets269.10M
Long-Term Investments0.00
Other Non-Current Assets14.28M
Total Non-Current Assets190 M
Total Assets
925.66M

Financial Health Analysis

Current Ratio

3.60x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.28x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

337 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

50% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Iovance Biotherapeutics, Inc. Street Expectations Map

IOVA · NASDAQ

Wall Street analysts project that IOVA stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 4.00, with estimates ranging from a low of 2.00 to a high of 5.00.

Lowest Target
2.00
-47.23%
Consensus Target
4.00
5.54%
Highest Target
5.00
31.93%

The consensus 1-year price target stands at 4.00, with estimates ranging from a low of 2.00 to a high of 5.00.

Analyst Consensus Analysis

Upside Potential

+5.5%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

75.0% spread

High uncertainty. Very wide target spread indicates significant disagreement among analysts—major valuation uncertainty or transformation underway.

Risk-Reward Profile

0.68x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuation—proceed with caution and independent analysis.

Market Sentiment Insight

Extreme uncertainty: Massive dispersion in price targets reflects fundamental disagreement on business trajectory. This could signal transformation, disruption, or complex valuation—requires deep sector expertise and contrarian mindset.

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Iovance Biotherapeutics, Inc. Insider Positioning

IOVA · NASDAQ

During the last 12 months, insiders have purchased $55K worth of IOVA shares, with no selling activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

30.0K

55.20K

Sold

0

0.00

Net Activity

+55K

+$55K

Top Buyers

1
KDG

Kirby Daniel Gordon

Officer: Chief Commercial Officer

30.0K shares1 transactions

$55K

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $55K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

∞:1

Perfect buy/sell ratio. Only buying activity with zero selling—the most bullish possible insider signal.

Insider Participation

High Buying

1 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Unanimous insider buying: Zero selling combined with active buying is rare and typically very bullish. Insiders appear to see significant upside with limited downside risk.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
 

iova Dividend History

IOVA
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%