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Side-by-side financial comparison of ARBOR REALTY TRUST INC (ABR) and IOVANCE BIOTHERAPEUTICS, INC. (IOVA). Click either name above to swap in a different company.

ARBOR REALTY TRUST INC is the larger business by last-quarter revenue ($133.4M vs $86.8M, roughly 1.5× IOVANCE BIOTHERAPEUTICS, INC.). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs -12.1%). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs -8.9%).

Arbor Realty Trust Inc. is a U.S.-headquartered specialized real estate investment trust (REIT). It primarily provides structured financing solutions for multifamily residential and commercial real estate projects, including bridge loans, agency lending, and mezzanine financing. Its core market covers the U.S. real estate sector, serving property owners, developers and real estate investors nationwide.

Iovance Biotherapeutics, Inc. is a biopharmaceutical startup based in San Carlos, California. The company works to develop tumor-infiltrating lymphocyte (TIL) therapies against cancer.

ABR vs IOVA — Head-to-Head

Bigger by revenue
ABR
ABR
1.5× larger
ABR
$133.4M
$86.8M
IOVA
Growing faster (revenue YoY)
IOVA
IOVA
+29.8% gap
IOVA
17.7%
-12.1%
ABR
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
-8.9%
ABR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABR
ABR
IOVA
IOVA
Revenue
$133.4M
$86.8M
Net Profit
Gross Margin
67.4%
Operating Margin
-84.7%
Net Margin
Revenue YoY
-12.1%
17.7%
Net Profit YoY
EPS (diluted)
$0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABR
ABR
IOVA
IOVA
Q4 25
$133.4M
$86.8M
Q3 25
$112.4M
$67.5M
Q2 25
$130.4M
$60.0M
Q1 25
$134.2M
$49.3M
Q4 24
$151.7M
$73.7M
Q3 24
$156.7M
$58.6M
Q2 24
$153.1M
$31.1M
Q1 24
$160.7M
$715.0K
Net Profit
ABR
ABR
IOVA
IOVA
Q4 25
Q3 25
$52.0M
$-91.3M
Q2 25
$36.3M
$-111.7M
Q1 25
$43.4M
$-116.2M
Q4 24
Q3 24
$73.5M
$-83.5M
Q2 24
$61.8M
$-97.1M
Q1 24
$73.2M
$-113.0M
Gross Margin
ABR
ABR
IOVA
IOVA
Q4 25
67.4%
Q3 25
43.0%
Q2 25
5.5%
Q1 25
-0.8%
Q4 24
68.7%
Q3 24
46.2%
Q2 24
-0.8%
Q1 24
Operating Margin
ABR
ABR
IOVA
IOVA
Q4 25
-84.7%
Q3 25
-140.7%
Q2 25
-189.8%
Q1 25
-245.8%
Q4 24
-117.5%
Q3 24
-152.1%
Q2 24
-327.6%
Q1 24
46.9%
-16464.6%
Net Margin
ABR
ABR
IOVA
IOVA
Q4 25
Q3 25
46.3%
-135.3%
Q2 25
27.8%
-186.2%
Q1 25
32.3%
-235.5%
Q4 24
Q3 24
46.9%
-142.7%
Q2 24
40.4%
-312.2%
Q1 24
45.6%
-15800.8%
EPS (diluted)
ABR
ABR
IOVA
IOVA
Q4 25
$0.08
Q3 25
$0.20
Q2 25
$0.12
$-0.33
Q1 25
$0.16
$-0.36
Q4 24
$0.31
$-0.24
Q3 24
$0.31
$-0.28
Q2 24
$0.25
$-0.34
Q1 24
$0.31
$-0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABR
ABR
IOVA
IOVA
Cash + ST InvestmentsLiquidity on hand
$482.9M
$297.0M
Total DebtLower is stronger
$11.1B
Stockholders' EquityBook value
$3.0B
$698.6M
Total Assets
$14.5B
$913.2M
Debt / EquityLower = less leverage
3.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABR
ABR
IOVA
IOVA
Q4 25
$482.9M
$297.0M
Q3 25
$423.4M
$300.8M
Q2 25
$255.7M
$301.2M
Q1 25
$308.8M
$359.7M
Q4 24
$503.8M
$323.8M
Q3 24
$687.5M
$397.5M
Q2 24
$737.5M
$412.5M
Q1 24
$908.0M
$356.2M
Total Debt
ABR
ABR
IOVA
IOVA
Q4 25
$11.1B
Q3 25
$10.4B
Q2 25
$10.1B
Q1 25
$9.9B
Q4 24
$10.0B
Q3 24
$10.3B
Q2 24
$10.6B
Q1 24
$11.4B
Stockholders' Equity
ABR
ABR
IOVA
IOVA
Q4 25
$3.0B
$698.6M
Q3 25
$3.0B
$702.3M
Q2 25
$3.0B
$698.5M
Q1 25
$3.0B
$767.9M
Q4 24
$3.0B
$710.4M
Q3 24
$3.0B
$773.5M
Q2 24
$3.1B
$768.5M
Q1 24
$3.1B
$680.0M
Total Assets
ABR
ABR
IOVA
IOVA
Q4 25
$14.5B
$913.2M
Q3 25
$13.9B
$904.9M
Q2 25
$13.6B
$907.4M
Q1 25
$13.4B
$966.7M
Q4 24
$13.5B
$910.4M
Q3 24
$13.9B
$991.1M
Q2 24
$14.2B
$964.3M
Q1 24
$15.1B
$869.8M
Debt / Equity
ABR
ABR
IOVA
IOVA
Q4 25
3.75×
Q3 25
3.47×
Q2 25
3.40×
Q1 25
3.29×
Q4 24
3.29×
Q3 24
3.40×
Q2 24
3.47×
Q1 24
3.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABR
ABR
IOVA
IOVA
Operating Cash FlowLast quarter
$372.4M
$-52.6M
Free Cash FlowOCF − Capex
$-61.9M
FCF MarginFCF / Revenue
-71.3%
Capex IntensityCapex / Revenue
10.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABR
ABR
IOVA
IOVA
Q4 25
$372.4M
$-52.6M
Q3 25
$178.7M
$-78.7M
Q2 25
$60.0M
$-67.4M
Q1 25
$150.5M
$-103.7M
Q4 24
$461.5M
$-73.3M
Q3 24
$85.0M
$-59.0M
Q2 24
$69.9M
$-98.4M
Q1 24
$260.0M
$-122.3M
Free Cash Flow
ABR
ABR
IOVA
IOVA
Q4 25
$-61.9M
Q3 25
$-89.5M
Q2 25
$-74.9M
Q1 25
$-109.9M
Q4 24
$-77.5M
Q3 24
$-61.3M
Q2 24
$-98.9M
Q1 24
$-126.5M
FCF Margin
ABR
ABR
IOVA
IOVA
Q4 25
-71.3%
Q3 25
-132.7%
Q2 25
-124.9%
Q1 25
-222.8%
Q4 24
-105.1%
Q3 24
-104.6%
Q2 24
-317.9%
Q1 24
-17685.3%
Capex Intensity
ABR
ABR
IOVA
IOVA
Q4 25
10.7%
Q3 25
16.1%
Q2 25
12.4%
Q1 25
12.6%
Q4 24
5.7%
Q3 24
3.9%
Q2 24
1.4%
Q1 24
583.4%
Cash Conversion
ABR
ABR
IOVA
IOVA
Q4 25
Q3 25
3.44×
Q2 25
1.65×
Q1 25
3.47×
Q4 24
Q3 24
1.16×
Q2 24
1.13×
Q1 24
3.55×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABR
ABR

Segment breakdown not available.

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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