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

Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $86.8M, roughly 1.4× IOVANCE BIOTHERAPEUTICS, INC.). On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs 17.7%). Hippo Holdings Inc. produced more free cash flow last quarter ($9.1M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 18.9%).

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

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

HIPO vs IOVA — Head-to-Head

Bigger by revenue
HIPO
HIPO
1.4× larger
HIPO
$120.4M
$86.8M
IOVA
Growing faster (revenue YoY)
HIPO
HIPO
+0.4% gap
HIPO
18.2%
17.7%
IOVA
More free cash flow
HIPO
HIPO
$71.0M more FCF
HIPO
$9.1M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
18.9%
HIPO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HIPO
HIPO
IOVA
IOVA
Revenue
$120.4M
$86.8M
Net Profit
$6.0M
Gross Margin
67.4%
Operating Margin
5.6%
-84.7%
Net Margin
5.0%
Revenue YoY
18.2%
17.7%
Net Profit YoY
-86.4%
EPS (diluted)
$0.31

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
HIPO
HIPO
IOVA
IOVA
Q4 25
$120.4M
$86.8M
Q3 25
$120.6M
$67.5M
Q2 25
$117.3M
$60.0M
Q1 25
$110.3M
$49.3M
Q4 24
$101.9M
$73.7M
Q3 24
$95.5M
$58.6M
Q2 24
$89.6M
$31.1M
Q1 24
$85.1M
$715.0K
Net Profit
HIPO
HIPO
IOVA
IOVA
Q4 25
$6.0M
Q3 25
$98.1M
$-91.3M
Q2 25
$1.3M
$-111.7M
Q1 25
$-47.7M
$-116.2M
Q4 24
$44.2M
Q3 24
$-8.5M
$-83.5M
Q2 24
$-40.5M
$-97.1M
Q1 24
$-35.7M
$-113.0M
Gross Margin
HIPO
HIPO
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
HIPO
HIPO
IOVA
IOVA
Q4 25
5.6%
-84.7%
Q3 25
81.3%
-140.7%
Q2 25
3.4%
-189.8%
Q1 25
-41.3%
-245.8%
Q4 24
46.3%
-117.5%
Q3 24
-5.4%
-152.1%
Q2 24
-40.7%
-327.6%
Q1 24
-38.7%
-16464.6%
Net Margin
HIPO
HIPO
IOVA
IOVA
Q4 25
5.0%
Q3 25
81.3%
-135.3%
Q2 25
1.1%
-186.2%
Q1 25
-43.2%
-235.5%
Q4 24
43.4%
Q3 24
-8.9%
-142.7%
Q2 24
-45.2%
-312.2%
Q1 24
-42.0%
-15800.8%
EPS (diluted)
HIPO
HIPO
IOVA
IOVA
Q4 25
$0.31
Q3 25
$3.77
Q2 25
$0.05
$-0.33
Q1 25
$-1.91
$-0.36
Q4 24
$1.81
$-0.24
Q3 24
$-0.34
$-0.28
Q2 24
$-1.64
$-0.34
Q1 24
$-1.47
$-0.42

Balance Sheet & Financial Strength

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

Metric
HIPO
HIPO
IOVA
IOVA
Cash + ST InvestmentsLiquidity on hand
$218.3M
$297.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$436.1M
$698.6M
Total Assets
$1.9B
$913.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
IOVA
IOVA
Q4 25
$218.3M
$297.0M
Q3 25
$247.7M
$300.8M
Q2 25
$198.9M
$301.2M
Q1 25
$140.9M
$359.7M
Q4 24
$197.6M
$323.8M
Q3 24
$191.2M
$397.5M
Q2 24
$175.9M
$412.5M
Q1 24
$223.4M
$356.2M
Stockholders' Equity
HIPO
HIPO
IOVA
IOVA
Q4 25
$436.1M
$698.6M
Q3 25
$421.5M
$702.3M
Q2 25
$332.5M
$698.5M
Q1 25
$322.8M
$767.9M
Q4 24
$362.1M
$710.4M
Q3 24
$326.4M
$773.5M
Q2 24
$322.6M
$768.5M
Q1 24
$351.2M
$680.0M
Total Assets
HIPO
HIPO
IOVA
IOVA
Q4 25
$1.9B
$913.2M
Q3 25
$1.9B
$904.9M
Q2 25
$1.7B
$907.4M
Q1 25
$1.5B
$966.7M
Q4 24
$1.5B
$910.4M
Q3 24
$1.5B
$991.1M
Q2 24
$1.5B
$964.3M
Q1 24
$1.5B
$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
HIPO
HIPO
IOVA
IOVA
Operating Cash FlowLast quarter
$9.2M
$-52.6M
Free Cash FlowOCF − Capex
$9.1M
$-61.9M
FCF MarginFCF / Revenue
7.6%
-71.3%
Capex IntensityCapex / Revenue
0.1%
10.7%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$14.8M
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
IOVA
IOVA
Q4 25
$9.2M
$-52.6M
Q3 25
$16.9M
$-78.7M
Q2 25
$24.7M
$-67.4M
Q1 25
$-35.6M
$-103.7M
Q4 24
$47.5M
$-73.3M
Q3 24
$46.8M
$-59.0M
Q2 24
$-10.6M
$-98.4M
Q1 24
$17.7M
$-122.3M
Free Cash Flow
HIPO
HIPO
IOVA
IOVA
Q4 25
$9.1M
$-61.9M
Q3 25
$16.8M
$-89.5M
Q2 25
$24.6M
$-74.9M
Q1 25
$-35.7M
$-109.9M
Q4 24
$47.2M
$-77.5M
Q3 24
$-61.3M
Q2 24
$-10.7M
$-98.9M
Q1 24
$17.6M
$-126.5M
FCF Margin
HIPO
HIPO
IOVA
IOVA
Q4 25
7.6%
-71.3%
Q3 25
13.9%
-132.7%
Q2 25
21.0%
-124.9%
Q1 25
-32.4%
-222.8%
Q4 24
46.3%
-105.1%
Q3 24
-104.6%
Q2 24
-11.9%
-317.9%
Q1 24
20.7%
-17685.3%
Capex Intensity
HIPO
HIPO
IOVA
IOVA
Q4 25
0.1%
10.7%
Q3 25
0.1%
16.1%
Q2 25
0.1%
12.4%
Q1 25
0.1%
12.6%
Q4 24
0.3%
5.7%
Q3 24
0.0%
3.9%
Q2 24
0.1%
1.4%
Q1 24
0.1%
583.4%
Cash Conversion
HIPO
HIPO
IOVA
IOVA
Q4 25
1.53×
Q3 25
0.17×
Q2 25
19.00×
Q1 25
Q4 24
1.07×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HIPO
HIPO

Segment breakdown not available.

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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