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Side-by-side financial comparison of Primis Financial Corp. (FRST) 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 $45.6M, roughly 1.9× Primis Financial Corp.). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 13.0%).

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

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

FRST vs IOVA — Head-to-Head

Bigger by revenue
IOVA
IOVA
1.9× larger
IOVA
$86.8M
$45.6M
FRST
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
13.0%
FRST

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRST
FRST
IOVA
IOVA
Revenue
$45.6M
$86.8M
Net Profit
$7.3M
Gross Margin
67.4%
Operating Margin
-84.7%
Net Margin
16.0%
Revenue YoY
17.7%
Net Profit YoY
200.0%
EPS (diluted)
$0.30

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
FRST
FRST
IOVA
IOVA
Q1 26
$45.6M
Q4 25
$80.9M
$86.8M
Q3 25
$41.0M
$67.5M
Q2 25
$43.2M
$60.0M
Q1 25
$58.7M
$49.3M
Q4 24
$38.8M
$73.7M
Q3 24
$37.3M
$58.6M
Q2 24
$35.7M
$31.1M
Net Profit
FRST
FRST
IOVA
IOVA
Q1 26
$7.3M
Q4 25
$29.5M
Q3 25
$6.8M
$-91.3M
Q2 25
$2.4M
$-111.7M
Q1 25
$22.6M
$-116.2M
Q4 24
$-26.2M
Q3 24
$1.2M
$-83.5M
Q2 24
$3.4M
$-97.1M
Gross Margin
FRST
FRST
IOVA
IOVA
Q1 26
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%
Operating Margin
FRST
FRST
IOVA
IOVA
Q1 26
Q4 25
44.8%
-84.7%
Q3 25
21.3%
-140.7%
Q2 25
6.9%
-189.8%
Q1 25
41.9%
-245.8%
Q4 24
-123.0%
-117.5%
Q3 24
-3.1%
-152.1%
Q2 24
7.8%
-327.6%
Net Margin
FRST
FRST
IOVA
IOVA
Q1 26
16.0%
Q4 25
36.5%
Q3 25
16.7%
-135.3%
Q2 25
5.6%
-186.2%
Q1 25
38.6%
-235.5%
Q4 24
-100.3%
Q3 24
3.3%
-142.7%
Q2 24
9.6%
-312.2%
EPS (diluted)
FRST
FRST
IOVA
IOVA
Q1 26
$0.30
Q4 25
$1.19
Q3 25
$0.28
Q2 25
$0.10
$-0.33
Q1 25
$0.92
$-0.36
Q4 24
$-0.95
$-0.24
Q3 24
$0.05
$-0.28
Q2 24
$0.14
$-0.34

Balance Sheet & Financial Strength

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

Metric
FRST
FRST
IOVA
IOVA
Cash + ST InvestmentsLiquidity on hand
$159.9M
$297.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$427.2M
$698.6M
Total Assets
$4.3B
$913.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRST
FRST
IOVA
IOVA
Q1 26
$159.9M
Q4 25
$143.6M
$297.0M
Q3 25
$63.9M
$300.8M
Q2 25
$94.1M
$301.2M
Q1 25
$57.0M
$359.7M
Q4 24
$64.5M
$323.8M
Q3 24
$77.3M
$397.5M
Q2 24
$66.6M
$412.5M
Stockholders' Equity
FRST
FRST
IOVA
IOVA
Q1 26
$427.2M
Q4 25
$422.9M
$698.6M
Q3 25
$382.2M
$702.3M
Q2 25
$376.4M
$698.5M
Q1 25
$375.6M
$767.9M
Q4 24
$351.8M
$710.4M
Q3 24
$381.0M
$773.5M
Q2 24
$376.0M
$768.5M
Total Assets
FRST
FRST
IOVA
IOVA
Q1 26
$4.3B
Q4 25
$4.0B
$913.2M
Q3 25
$4.0B
$904.9M
Q2 25
$3.9B
$907.4M
Q1 25
$3.7B
$966.7M
Q4 24
$3.7B
$910.4M
Q3 24
$4.0B
$991.1M
Q2 24
$4.0B
$964.3M

Cash Flow & Capital Efficiency

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

Metric
FRST
FRST
IOVA
IOVA
Operating Cash FlowLast quarter
$-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
FRST
FRST
IOVA
IOVA
Q1 26
Q4 25
$10.8M
$-52.6M
Q3 25
$-11.4M
$-78.7M
Q2 25
$-41.0M
$-67.4M
Q1 25
$34.4M
$-103.7M
Q4 24
$19.5M
$-73.3M
Q3 24
$6.1M
$-59.0M
Q2 24
$52.3M
$-98.4M
Free Cash Flow
FRST
FRST
IOVA
IOVA
Q1 26
Q4 25
$9.0M
$-61.9M
Q3 25
$-89.5M
Q2 25
$-74.9M
Q1 25
$-109.9M
Q4 24
$18.3M
$-77.5M
Q3 24
$-61.3M
Q2 24
$-98.9M
FCF Margin
FRST
FRST
IOVA
IOVA
Q1 26
Q4 25
11.2%
-71.3%
Q3 25
-132.7%
Q2 25
-124.9%
Q1 25
-222.8%
Q4 24
47.3%
-105.1%
Q3 24
-104.6%
Q2 24
-317.9%
Capex Intensity
FRST
FRST
IOVA
IOVA
Q1 26
Q4 25
2.1%
10.7%
Q3 25
16.1%
Q2 25
12.4%
Q1 25
12.6%
Q4 24
3.1%
5.7%
Q3 24
0.0%
3.9%
Q2 24
0.0%
1.4%
Cash Conversion
FRST
FRST
IOVA
IOVA
Q1 26
Q4 25
0.36×
Q3 25
-1.67×
Q2 25
-16.82×
Q1 25
1.52×
Q4 24
Q3 24
4.93×
Q2 24
15.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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