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Side-by-side financial comparison of Elme Communities (ELME) 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 $62.1M, roughly 1.4× Elme Communities). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs 1.7%). Elme Communities produced more free cash flow last quarter ($7.2M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 2.7%).

Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.

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

ELME vs IOVA — Head-to-Head

Bigger by revenue
IOVA
IOVA
1.4× larger
IOVA
$86.8M
$62.1M
ELME
Growing faster (revenue YoY)
IOVA
IOVA
+16.0% gap
IOVA
17.7%
1.7%
ELME
More free cash flow
ELME
ELME
$69.1M more FCF
ELME
$7.2M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
2.7%
ELME

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ELME
ELME
IOVA
IOVA
Revenue
$62.1M
$86.8M
Net Profit
$-123.5M
Gross Margin
61.1%
67.4%
Operating Margin
-183.3%
-84.7%
Net Margin
-198.9%
Revenue YoY
1.7%
17.7%
Net Profit YoY
-4058.7%
EPS (diluted)
$-1.40

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
ELME
ELME
IOVA
IOVA
Q4 25
$86.8M
Q3 25
$62.1M
$67.5M
Q2 25
$62.1M
$60.0M
Q1 25
$61.5M
$49.3M
Q4 24
$61.3M
$73.7M
Q3 24
$61.1M
$58.6M
Q2 24
$60.1M
$31.1M
Q1 24
$59.5M
$715.0K
Net Profit
ELME
ELME
IOVA
IOVA
Q4 25
Q3 25
$-123.5M
$-91.3M
Q2 25
$-3.6M
$-111.7M
Q1 25
$-4.7M
$-116.2M
Q4 24
$-3.0M
Q3 24
$-3.0M
$-83.5M
Q2 24
$-3.5M
$-97.1M
Q1 24
$-3.6M
$-113.0M
Gross Margin
ELME
ELME
IOVA
IOVA
Q4 25
67.4%
Q3 25
61.1%
43.0%
Q2 25
63.5%
5.5%
Q1 25
64.2%
-0.8%
Q4 24
62.9%
68.7%
Q3 24
63.5%
46.2%
Q2 24
63.4%
-0.8%
Q1 24
63.5%
Operating Margin
ELME
ELME
IOVA
IOVA
Q4 25
-84.7%
Q3 25
-183.3%
-140.7%
Q2 25
9.6%
-189.8%
Q1 25
7.8%
-245.8%
Q4 24
10.4%
-117.5%
Q3 24
11.0%
-152.1%
Q2 24
9.8%
-327.6%
Q1 24
7.5%
-16464.6%
Net Margin
ELME
ELME
IOVA
IOVA
Q4 25
Q3 25
-198.9%
-135.3%
Q2 25
-5.7%
-186.2%
Q1 25
-7.6%
-235.5%
Q4 24
-4.9%
Q3 24
-4.9%
-142.7%
Q2 24
-5.8%
-312.2%
Q1 24
-6.1%
-15800.8%
EPS (diluted)
ELME
ELME
IOVA
IOVA
Q4 25
Q3 25
$-1.40
Q2 25
$-0.04
$-0.33
Q1 25
$-0.05
$-0.36
Q4 24
$-0.04
$-0.24
Q3 24
$-0.03
$-0.28
Q2 24
$-0.04
$-0.34
Q1 24
$-0.04
$-0.42

Balance Sheet & Financial Strength

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

Metric
ELME
ELME
IOVA
IOVA
Cash + ST InvestmentsLiquidity on hand
$7.1M
$297.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$908.9M
$698.6M
Total Assets
$1.7B
$913.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELME
ELME
IOVA
IOVA
Q4 25
$297.0M
Q3 25
$7.1M
$300.8M
Q2 25
$4.8M
$301.2M
Q1 25
$6.4M
$359.7M
Q4 24
$6.1M
$323.8M
Q3 24
$4.8M
$397.5M
Q2 24
$5.6M
$412.5M
Q1 24
$4.2M
$356.2M
Stockholders' Equity
ELME
ELME
IOVA
IOVA
Q4 25
$698.6M
Q3 25
$908.9M
$702.3M
Q2 25
$1.0B
$698.5M
Q1 25
$1.1B
$767.9M
Q4 24
$1.1B
$710.4M
Q3 24
$1.1B
$773.5M
Q2 24
$1.1B
$768.5M
Q1 24
$1.1B
$680.0M
Total Assets
ELME
ELME
IOVA
IOVA
Q4 25
$913.2M
Q3 25
$1.7B
$904.9M
Q2 25
$1.8B
$907.4M
Q1 25
$1.8B
$966.7M
Q4 24
$1.8B
$910.4M
Q3 24
$1.9B
$991.1M
Q2 24
$1.9B
$964.3M
Q1 24
$1.9B
$869.8M

Cash Flow & Capital Efficiency

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

Metric
ELME
ELME
IOVA
IOVA
Operating Cash FlowLast quarter
$15.9M
$-52.6M
Free Cash FlowOCF − Capex
$7.2M
$-61.9M
FCF MarginFCF / Revenue
11.6%
-71.3%
Capex IntensityCapex / Revenue
14.0%
10.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$86.7M
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELME
ELME
IOVA
IOVA
Q4 25
$-52.6M
Q3 25
$15.9M
$-78.7M
Q2 25
$29.8M
$-67.4M
Q1 25
$16.2M
$-103.7M
Q4 24
$95.2M
$-73.3M
Q3 24
$20.7M
$-59.0M
Q2 24
$28.9M
$-98.4M
Q1 24
$21.2M
$-122.3M
Free Cash Flow
ELME
ELME
IOVA
IOVA
Q4 25
$-61.9M
Q3 25
$7.2M
$-89.5M
Q2 25
$21.1M
$-74.9M
Q1 25
$10.5M
$-109.9M
Q4 24
$47.9M
$-77.5M
Q3 24
$8.8M
$-61.3M
Q2 24
$21.0M
$-98.9M
Q1 24
$7.6M
$-126.5M
FCF Margin
ELME
ELME
IOVA
IOVA
Q4 25
-71.3%
Q3 25
11.6%
-132.7%
Q2 25
34.1%
-124.9%
Q1 25
17.1%
-222.8%
Q4 24
78.1%
-105.1%
Q3 24
14.4%
-104.6%
Q2 24
34.9%
-317.9%
Q1 24
12.8%
-17685.3%
Capex Intensity
ELME
ELME
IOVA
IOVA
Q4 25
10.7%
Q3 25
14.0%
16.1%
Q2 25
14.0%
12.4%
Q1 25
9.2%
12.6%
Q4 24
77.4%
5.7%
Q3 24
19.4%
3.9%
Q2 24
13.1%
1.4%
Q1 24
22.9%
583.4%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELME
ELME

Residential Segment$57.7M93%
Other$4.4M7%

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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