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Side-by-side financial comparison of GEN Restaurant Group, Inc. (GENK) 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 $49.7M, roughly 1.7× GEN Restaurant Group, Inc.). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs -9.0%). GEN Restaurant Group, Inc. produced more free cash flow last quarter ($-5.6M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs -1.0%).

Gen Korean BBQ is an American chain of all-you-can-eat Korean barbecue restaurants mainly concentrated around the Western U.S. It opened in 2011, and has since grown to 43 locations as of 2024.

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

GENK vs IOVA — Head-to-Head

Bigger by revenue
IOVA
IOVA
1.7× larger
IOVA
$86.8M
$49.7M
GENK
Growing faster (revenue YoY)
IOVA
IOVA
+26.7% gap
IOVA
17.7%
-9.0%
GENK
More free cash flow
GENK
GENK
$56.2M more FCF
GENK
$-5.6M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
-1.0%
GENK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GENK
GENK
IOVA
IOVA
Revenue
$49.7M
$86.8M
Net Profit
$-1.9M
Gross Margin
67.4%
Operating Margin
-24.5%
-84.7%
Net Margin
-3.8%
Revenue YoY
-9.0%
17.7%
Net Profit YoY
-821.4%
EPS (diluted)
$-0.37

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
GENK
GENK
IOVA
IOVA
Q4 25
$49.7M
$86.8M
Q3 25
$50.4M
$67.5M
Q2 25
$55.0M
$60.0M
Q1 25
$57.3M
$49.3M
Q4 24
$54.7M
$73.7M
Q3 24
$49.1M
$58.6M
Q2 24
$53.9M
$31.1M
Q1 24
$50.8M
$715.0K
Net Profit
GENK
GENK
IOVA
IOVA
Q4 25
$-1.9M
Q3 25
$-566.0K
$-91.3M
Q2 25
$-261.0K
$-111.7M
Q1 25
$-301.0K
$-116.2M
Q4 24
$-206.0K
Q3 24
$25.0K
$-83.5M
Q2 24
$277.0K
$-97.1M
Q1 24
$496.0K
$-113.0M
Gross Margin
GENK
GENK
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
GENK
GENK
IOVA
IOVA
Q4 25
-24.5%
-84.7%
Q3 25
-7.4%
-140.7%
Q2 25
-3.4%
-189.8%
Q1 25
-3.8%
-245.8%
Q4 24
-2.4%
-117.5%
Q3 24
0.2%
-152.1%
Q2 24
3.0%
-327.6%
Q1 24
0.2%
-16464.6%
Net Margin
GENK
GENK
IOVA
IOVA
Q4 25
-3.8%
Q3 25
-1.1%
-135.3%
Q2 25
-0.5%
-186.2%
Q1 25
-0.5%
-235.5%
Q4 24
-0.4%
Q3 24
0.1%
-142.7%
Q2 24
0.5%
-312.2%
Q1 24
1.0%
-15800.8%
EPS (diluted)
GENK
GENK
IOVA
IOVA
Q4 25
$-0.37
Q3 25
$-0.11
Q2 25
$-0.05
$-0.33
Q1 25
$-0.06
$-0.36
Q4 24
$-0.05
$-0.24
Q3 24
$0.01
$-0.28
Q2 24
$0.06
$-0.34
Q1 24
$0.11
$-0.42

Balance Sheet & Financial Strength

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

Metric
GENK
GENK
IOVA
IOVA
Cash + ST InvestmentsLiquidity on hand
$2.8M
$297.0M
Total DebtLower is stronger
$13.6M
Stockholders' EquityBook value
$26.5M
$698.6M
Total Assets
$259.9M
$913.2M
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GENK
GENK
IOVA
IOVA
Q4 25
$2.8M
$297.0M
Q3 25
$4.8M
$300.8M
Q2 25
$9.6M
$301.2M
Q1 25
$15.4M
$359.7M
Q4 24
$23.7M
$323.8M
Q3 24
$22.1M
$397.5M
Q2 24
$29.2M
$412.5M
Q1 24
$28.1M
$356.2M
Total Debt
GENK
GENK
IOVA
IOVA
Q4 25
$13.6M
Q3 25
$10.8M
Q2 25
$7.8M
Q1 25
$6.5M
Q4 24
$6.9M
Q3 24
$7.2M
Q2 24
$7.6M
Q1 24
$7.7M
Stockholders' Equity
GENK
GENK
IOVA
IOVA
Q4 25
$26.5M
$698.6M
Q3 25
$38.1M
$702.3M
Q2 25
$41.0M
$698.5M
Q1 25
$42.8M
$767.9M
Q4 24
$44.1M
$710.4M
Q3 24
$46.5M
$773.5M
Q2 24
$45.9M
$768.5M
Q1 24
$40.4M
$680.0M
Total Assets
GENK
GENK
IOVA
IOVA
Q4 25
$259.9M
$913.2M
Q3 25
$245.5M
$904.9M
Q2 25
$246.3M
$907.4M
Q1 25
$232.4M
$966.7M
Q4 24
$240.4M
$910.4M
Q3 24
$225.7M
$991.1M
Q2 24
$218.8M
$964.3M
Q1 24
$214.5M
$869.8M
Debt / Equity
GENK
GENK
IOVA
IOVA
Q4 25
0.51×
Q3 25
0.28×
Q2 25
0.19×
Q1 25
0.15×
Q4 24
0.16×
Q3 24
0.16×
Q2 24
0.17×
Q1 24
0.19×

Cash Flow & Capital Efficiency

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

Metric
GENK
GENK
IOVA
IOVA
Operating Cash FlowLast quarter
$-426.0K
$-52.6M
Free Cash FlowOCF − Capex
$-5.6M
$-61.9M
FCF MarginFCF / Revenue
-11.3%
-71.3%
Capex IntensityCapex / Revenue
10.5%
10.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-24.3M
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GENK
GENK
IOVA
IOVA
Q4 25
$-426.0K
$-52.6M
Q3 25
$-1.6M
$-78.7M
Q2 25
$3.3M
$-67.4M
Q1 25
$2.2M
$-103.7M
Q4 24
$7.3M
$-73.3M
Q3 24
$1.4M
$-59.0M
Q2 24
$5.6M
$-98.4M
Q1 24
$3.5M
$-122.3M
Free Cash Flow
GENK
GENK
IOVA
IOVA
Q4 25
$-5.6M
$-61.9M
Q3 25
$-7.7M
$-89.5M
Q2 25
$-6.3M
$-74.9M
Q1 25
$-4.7M
$-109.9M
Q4 24
$165.0K
$-77.5M
Q3 24
$-6.8M
$-61.3M
Q2 24
$1.2M
$-98.9M
Q1 24
$-586.0K
$-126.5M
FCF Margin
GENK
GENK
IOVA
IOVA
Q4 25
-11.3%
-71.3%
Q3 25
-15.3%
-132.7%
Q2 25
-11.5%
-124.9%
Q1 25
-8.2%
-222.8%
Q4 24
0.3%
-105.1%
Q3 24
-13.9%
-104.6%
Q2 24
2.3%
-317.9%
Q1 24
-1.2%
-17685.3%
Capex Intensity
GENK
GENK
IOVA
IOVA
Q4 25
10.5%
10.7%
Q3 25
12.0%
16.1%
Q2 25
17.5%
12.4%
Q1 25
11.9%
12.6%
Q4 24
13.1%
5.7%
Q3 24
16.9%
3.9%
Q2 24
8.0%
1.4%
Q1 24
8.1%
583.4%
Cash Conversion
GENK
GENK
IOVA
IOVA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
57.96×
Q2 24
20.06×
Q1 24
7.08×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GENK
GENK

Segment breakdown not available.

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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