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

Galiano Gold Inc. is the larger business by last-quarter revenue ($166.8M vs $86.8M, roughly 1.9× IOVANCE BIOTHERAPEUTICS, INC.). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 1.3%).

Galiano Gold Inc. is a Canada-based mineral exploration and production firm focused on gold assets. Its core operation is the Asanko Gold Mine in Ghana, West Africa. It extracts, processes and sells gold products to global precious metals markets, catering to both industrial clients and investment sector purchasers.

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

GAU vs IOVA — Head-to-Head

Bigger by revenue
GAU
GAU
1.9× larger
GAU
$166.8M
$86.8M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
1.3%
GAU

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GAU
GAU
IOVA
IOVA
Revenue
$166.8M
$86.8M
Net Profit
Gross Margin
67.4%
Operating Margin
24.3%
-84.7%
Net Margin
Revenue YoY
17.7%
Net Profit YoY
EPS (diluted)

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
GAU
GAU
IOVA
IOVA
Q4 25
$86.8M
Q3 25
$166.8M
$67.5M
Q2 25
$95.7M
$60.0M
Q1 25
$31.7M
$49.3M
Q4 24
$73.7M
Q3 24
$71.1M
$58.6M
Q2 24
$64.0M
$31.1M
Q1 24
$31.7M
$715.0K
Net Profit
GAU
GAU
IOVA
IOVA
Q4 25
Q3 25
$-91.3M
Q2 25
$4.1M
$-111.7M
Q1 25
$-3.2M
$-116.2M
Q4 24
Q3 24
$1.1M
$-83.5M
Q2 24
$8.8M
$-97.1M
Q1 24
$-113.0M
Gross Margin
GAU
GAU
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
GAU
GAU
IOVA
IOVA
Q4 25
-84.7%
Q3 25
24.3%
-140.7%
Q2 25
18.4%
-189.8%
Q1 25
8.2%
-245.8%
Q4 24
-117.5%
Q3 24
-152.1%
Q2 24
-327.6%
Q1 24
17.2%
-16464.6%
Net Margin
GAU
GAU
IOVA
IOVA
Q4 25
Q3 25
-135.3%
Q2 25
4.3%
-186.2%
Q1 25
-10.1%
-235.5%
Q4 24
Q3 24
1.5%
-142.7%
Q2 24
13.8%
-312.2%
Q1 24
-15800.8%
EPS (diluted)
GAU
GAU
IOVA
IOVA
Q4 25
Q3 25
Q2 25
$-0.33
Q1 25
$-0.36
Q4 24
$-0.24
Q3 24
$-0.28
Q2 24
$-0.34
Q1 24
$-0.42

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GAU
GAU
IOVA
IOVA
Q4 25
$297.0M
Q3 25
$300.8M
Q2 25
$301.2M
Q1 25
$359.7M
Q4 24
$323.8M
Q3 24
$397.5M
Q2 24
$412.5M
Q1 24
$356.2M
Stockholders' Equity
GAU
GAU
IOVA
IOVA
Q4 25
$698.6M
Q3 25
$702.3M
Q2 25
$698.5M
Q1 25
$767.9M
Q4 24
$710.4M
Q3 24
$773.5M
Q2 24
$768.5M
Q1 24
$680.0M
Total Assets
GAU
GAU
IOVA
IOVA
Q4 25
$913.2M
Q3 25
$904.9M
Q2 25
$907.4M
Q1 25
$966.7M
Q4 24
$910.4M
Q3 24
$991.1M
Q2 24
$964.3M
Q1 24
$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
GAU
GAU
IOVA
IOVA
Operating Cash FlowLast quarter
$41.9M
$-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
GAU
GAU
IOVA
IOVA
Q4 25
$-52.6M
Q3 25
$41.9M
$-78.7M
Q2 25
$17.5M
$-67.4M
Q1 25
$13.0M
$-103.7M
Q4 24
$-73.3M
Q3 24
$28.6M
$-59.0M
Q2 24
$9.2M
$-98.4M
Q1 24
$-122.3M
Free Cash Flow
GAU
GAU
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
GAU
GAU
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
GAU
GAU
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
GAU
GAU
IOVA
IOVA
Q4 25
Q3 25
Q2 25
4.30×
Q1 25
Q4 24
Q3 24
26.04×
Q2 24
1.05×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GAU
GAU

Segment breakdown not available.

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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