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Side-by-side financial comparison of HANMI FINANCIAL CORP (HAFC) 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 $71.2M, roughly 1.2× HANMI FINANCIAL CORP). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs 17.1%). HANMI FINANCIAL CORP produced more free cash flow last quarter ($203.7M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 10.4%).

Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.

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

HAFC vs IOVA — Head-to-Head

Bigger by revenue
IOVA
IOVA
1.2× larger
IOVA
$86.8M
$71.2M
HAFC
Growing faster (revenue YoY)
IOVA
IOVA
+0.7% gap
IOVA
17.7%
17.1%
HAFC
More free cash flow
HAFC
HAFC
$265.6M more FCF
HAFC
$203.7M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
10.4%
HAFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HAFC
HAFC
IOVA
IOVA
Revenue
$71.2M
$86.8M
Net Profit
$21.2M
Gross Margin
67.4%
Operating Margin
29.8%
-84.7%
Net Margin
29.8%
Revenue YoY
17.1%
17.7%
Net Profit YoY
20.0%
EPS (diluted)
$0.70

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
HAFC
HAFC
IOVA
IOVA
Q4 25
$71.2M
$86.8M
Q3 25
$71.0M
$67.5M
Q2 25
$65.2M
$60.0M
Q1 25
$62.8M
$49.3M
Q4 24
$60.8M
$73.7M
Q3 24
$58.5M
$58.6M
Q2 24
$56.7M
$31.1M
Q1 24
$58.4M
$715.0K
Net Profit
HAFC
HAFC
IOVA
IOVA
Q4 25
$21.2M
Q3 25
$22.1M
$-91.3M
Q2 25
$15.1M
$-111.7M
Q1 25
$17.7M
$-116.2M
Q4 24
$17.7M
Q3 24
$14.9M
$-83.5M
Q2 24
$14.5M
$-97.1M
Q1 24
$15.2M
$-113.0M
Gross Margin
HAFC
HAFC
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
HAFC
HAFC
IOVA
IOVA
Q4 25
29.8%
-84.7%
Q3 25
31.1%
-140.7%
Q2 25
23.2%
-189.8%
Q1 25
28.1%
-245.8%
Q4 24
29.1%
-117.5%
Q3 24
25.5%
-152.1%
Q2 24
25.5%
-327.6%
Q1 24
26.0%
-16464.6%
Net Margin
HAFC
HAFC
IOVA
IOVA
Q4 25
29.8%
Q3 25
31.1%
-135.3%
Q2 25
23.2%
-186.2%
Q1 25
28.1%
-235.5%
Q4 24
29.1%
Q3 24
25.5%
-142.7%
Q2 24
25.5%
-312.2%
Q1 24
26.0%
-15800.8%
EPS (diluted)
HAFC
HAFC
IOVA
IOVA
Q4 25
$0.70
Q3 25
$0.73
Q2 25
$0.50
$-0.33
Q1 25
$0.58
$-0.36
Q4 24
$0.58
$-0.24
Q3 24
$0.49
$-0.28
Q2 24
$0.48
$-0.34
Q1 24
$0.50
$-0.42

Balance Sheet & Financial Strength

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

Metric
HAFC
HAFC
IOVA
IOVA
Cash + ST InvestmentsLiquidity on hand
$297.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$796.4M
$698.6M
Total Assets
$7.9B
$913.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HAFC
HAFC
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
HAFC
HAFC
IOVA
IOVA
Q4 25
$796.4M
$698.6M
Q3 25
$779.5M
$702.3M
Q2 25
$762.8M
$698.5M
Q1 25
$751.5M
$767.9M
Q4 24
$732.2M
$710.4M
Q3 24
$736.7M
$773.5M
Q2 24
$707.1M
$768.5M
Q1 24
$703.1M
$680.0M
Total Assets
HAFC
HAFC
IOVA
IOVA
Q4 25
$7.9B
$913.2M
Q3 25
$7.9B
$904.9M
Q2 25
$7.9B
$907.4M
Q1 25
$7.7B
$966.7M
Q4 24
$7.7B
$910.4M
Q3 24
$7.7B
$991.1M
Q2 24
$7.6B
$964.3M
Q1 24
$7.5B
$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
HAFC
HAFC
IOVA
IOVA
Operating Cash FlowLast quarter
$206.0M
$-52.6M
Free Cash FlowOCF − Capex
$203.7M
$-61.9M
FCF MarginFCF / Revenue
286.2%
-71.3%
Capex IntensityCapex / Revenue
3.2%
10.7%
Cash ConversionOCF / Net Profit
9.70×
TTM Free Cash FlowTrailing 4 quarters
$356.1M
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HAFC
HAFC
IOVA
IOVA
Q4 25
$206.0M
$-52.6M
Q3 25
$146.9M
$-78.7M
Q2 25
$-19.0M
$-67.4M
Q1 25
$25.8M
$-103.7M
Q4 24
$52.6M
$-73.3M
Q3 24
$6.7M
$-59.0M
Q2 24
$2.1M
$-98.4M
Q1 24
$30.0M
$-122.3M
Free Cash Flow
HAFC
HAFC
IOVA
IOVA
Q4 25
$203.7M
$-61.9M
Q3 25
$146.4M
$-89.5M
Q2 25
$-19.6M
$-74.9M
Q1 25
$25.6M
$-109.9M
Q4 24
$49.9M
$-77.5M
Q3 24
$6.5M
$-61.3M
Q2 24
$1.3M
$-98.9M
Q1 24
$29.2M
$-126.5M
FCF Margin
HAFC
HAFC
IOVA
IOVA
Q4 25
286.2%
-71.3%
Q3 25
206.3%
-132.7%
Q2 25
-30.0%
-124.9%
Q1 25
40.7%
-222.8%
Q4 24
82.1%
-105.1%
Q3 24
11.1%
-104.6%
Q2 24
2.3%
-317.9%
Q1 24
50.0%
-17685.3%
Capex Intensity
HAFC
HAFC
IOVA
IOVA
Q4 25
3.2%
10.7%
Q3 25
0.8%
16.1%
Q2 25
0.9%
12.4%
Q1 25
0.4%
12.6%
Q4 24
4.3%
5.7%
Q3 24
0.4%
3.9%
Q2 24
1.4%
1.4%
Q1 24
1.4%
583.4%
Cash Conversion
HAFC
HAFC
IOVA
IOVA
Q4 25
9.70×
Q3 25
6.66×
Q2 25
-1.26×
Q1 25
1.46×
Q4 24
2.97×
Q3 24
0.45×
Q2 24
0.14×
Q1 24
1.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HAFC
HAFC

Segment breakdown not available.

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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