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

IOVANCE BIOTHERAPEUTICS, INC. is the larger business by last-quarter revenue ($86.8M vs $66.6M, roughly 1.3× CENTERSPACE). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs 0.3%). CENTERSPACE produced more free cash flow last quarter ($64.3M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 1.6%).

Centerspace is a real estate investment company specializing in the ownership, operation, and development of high-quality multifamily residential properties. Its core operating markets cover the U.S. Midwest and Mountain West regions, serving diverse renter segments with both affordable and premium housing options, while focusing on tenant experience and long-term asset value growth.

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

CSR vs IOVA — Head-to-Head

Bigger by revenue
IOVA
IOVA
1.3× larger
IOVA
$86.8M
$66.6M
CSR
Growing faster (revenue YoY)
IOVA
IOVA
+17.4% gap
IOVA
17.7%
0.3%
CSR
More free cash flow
CSR
CSR
$126.2M more FCF
CSR
$64.3M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
1.6%
CSR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSR
CSR
IOVA
IOVA
Revenue
$66.6M
$86.8M
Net Profit
$-18.4M
Gross Margin
96.5%
67.4%
Operating Margin
-15.9%
-84.7%
Net Margin
-27.7%
Revenue YoY
0.3%
17.7%
Net Profit YoY
-262.9%
EPS (diluted)
$-1.08

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
CSR
CSR
IOVA
IOVA
Q4 25
$66.6M
$86.8M
Q3 25
$71.4M
$67.5M
Q2 25
$68.5M
$60.0M
Q1 25
$67.1M
$49.3M
Q4 24
$66.4M
$73.7M
Q3 24
$65.0M
$58.6M
Q2 24
$65.0M
$31.1M
Q1 24
$64.5M
$715.0K
Net Profit
CSR
CSR
IOVA
IOVA
Q4 25
$-18.4M
Q3 25
$53.8M
$-91.3M
Q2 25
$-14.5M
$-111.7M
Q1 25
$-3.7M
$-116.2M
Q4 24
$-5.1M
Q3 24
$-1.0M
$-83.5M
Q2 24
$-1.3M
$-97.1M
Q1 24
$-3.9M
$-113.0M
Gross Margin
CSR
CSR
IOVA
IOVA
Q4 25
96.5%
67.4%
Q3 25
96.5%
43.0%
Q2 25
96.5%
5.5%
Q1 25
96.4%
-0.8%
Q4 24
96.5%
68.7%
Q3 24
96.6%
46.2%
Q2 24
96.6%
-0.8%
Q1 24
96.4%
Operating Margin
CSR
CSR
IOVA
IOVA
Q4 25
-15.9%
-84.7%
Q3 25
-140.7%
Q2 25
-9.9%
-189.8%
Q1 25
7.1%
-245.8%
Q4 24
4.3%
-117.5%
Q3 24
9.8%
-152.1%
Q2 24
11.1%
-327.6%
Q1 24
6.3%
-16464.6%
Net Margin
CSR
CSR
IOVA
IOVA
Q4 25
-27.7%
Q3 25
75.3%
-135.3%
Q2 25
-21.2%
-186.2%
Q1 25
-5.6%
-235.5%
Q4 24
-7.6%
Q3 24
-1.6%
-142.7%
Q2 24
-2.0%
-312.2%
Q1 24
-6.1%
-15800.8%
EPS (diluted)
CSR
CSR
IOVA
IOVA
Q4 25
$-1.08
Q3 25
$3.19
Q2 25
$-0.87
$-0.33
Q1 25
$-0.22
$-0.36
Q4 24
$-0.31
$-0.24
Q3 24
$-0.40
$-0.28
Q2 24
$-0.19
$-0.34
Q1 24
$-0.37
$-0.42

Balance Sheet & Financial Strength

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

Metric
CSR
CSR
IOVA
IOVA
Cash + ST InvestmentsLiquidity on hand
$12.8M
$297.0M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$719.2M
$698.6M
Total Assets
$1.9B
$913.2M
Debt / EquityLower = less leverage
1.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSR
CSR
IOVA
IOVA
Q4 25
$12.8M
$297.0M
Q3 25
$12.9M
$300.8M
Q2 25
$12.4M
$301.2M
Q1 25
$11.9M
$359.7M
Q4 24
$12.0M
$323.8M
Q3 24
$14.5M
$397.5M
Q2 24
$14.3M
$412.5M
Q1 24
$12.7M
$356.2M
Total Debt
CSR
CSR
IOVA
IOVA
Q4 25
$1.0B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$955.5M
Q4 24
$955.4M
Q3 24
$921.3M
Q2 24
$931.7M
Q1 24
$929.1M
Stockholders' Equity
CSR
CSR
IOVA
IOVA
Q4 25
$719.2M
$698.6M
Q3 25
$748.6M
$702.3M
Q2 25
$710.1M
$698.5M
Q1 25
$636.8M
$767.9M
Q4 24
$752.0M
$710.4M
Q3 24
$672.5M
$773.5M
Q2 24
$680.7M
$768.5M
Q1 24
$688.1M
$680.0M
Total Assets
CSR
CSR
IOVA
IOVA
Q4 25
$1.9B
$913.2M
Q3 25
$2.1B
$904.9M
Q2 25
$2.0B
$907.4M
Q1 25
$1.9B
$966.7M
Q4 24
$1.9B
$910.4M
Q3 24
$1.9B
$991.1M
Q2 24
$1.9B
$964.3M
Q1 24
$1.9B
$869.8M
Debt / Equity
CSR
CSR
IOVA
IOVA
Q4 25
1.42×
Q3 25
1.53×
Q2 25
1.57×
Q1 25
1.50×
Q4 24
1.27×
Q3 24
1.37×
Q2 24
1.37×
Q1 24
1.35×

Cash Flow & Capital Efficiency

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

Metric
CSR
CSR
IOVA
IOVA
Operating Cash FlowLast quarter
$98.5M
$-52.6M
Free Cash FlowOCF − Capex
$64.3M
$-61.9M
FCF MarginFCF / Revenue
96.5%
-71.3%
Capex IntensityCapex / Revenue
51.3%
10.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$125.9M
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSR
CSR
IOVA
IOVA
Q4 25
$98.5M
$-52.6M
Q3 25
$35.1M
$-78.7M
Q2 25
$25.3M
$-67.4M
Q1 25
$25.4M
$-103.7M
Q4 24
$98.2M
$-73.3M
Q3 24
$32.3M
$-59.0M
Q2 24
$22.9M
$-98.4M
Q1 24
$24.4M
$-122.3M
Free Cash Flow
CSR
CSR
IOVA
IOVA
Q4 25
$64.3M
$-61.9M
Q3 25
$25.7M
$-89.5M
Q2 25
$15.5M
$-74.9M
Q1 25
$20.4M
$-109.9M
Q4 24
$41.6M
$-77.5M
Q3 24
$20.5M
$-61.3M
Q2 24
$9.1M
$-98.9M
Q1 24
$2.6M
$-126.5M
FCF Margin
CSR
CSR
IOVA
IOVA
Q4 25
96.5%
-71.3%
Q3 25
36.0%
-132.7%
Q2 25
22.7%
-124.9%
Q1 25
30.4%
-222.8%
Q4 24
62.6%
-105.1%
Q3 24
31.5%
-104.6%
Q2 24
14.0%
-317.9%
Q1 24
4.0%
-17685.3%
Capex Intensity
CSR
CSR
IOVA
IOVA
Q4 25
51.3%
10.7%
Q3 25
13.1%
16.1%
Q2 25
14.2%
12.4%
Q1 25
7.5%
12.6%
Q4 24
85.3%
5.7%
Q3 24
18.2%
3.9%
Q2 24
21.2%
1.4%
Q1 24
33.8%
583.4%
Cash Conversion
CSR
CSR
IOVA
IOVA
Q4 25
Q3 25
0.65×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CSR
CSR

Multi Family Residential$57.3M86%
Other$8.1M12%
Other Property Revenue$1.2M2%

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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