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Side-by-side financial comparison of ImmunityBio, Inc. (IBRX) and Mama's Creations, Inc. (MAMA). Click either name above to swap in a different company.

Mama's Creations, Inc. is the larger business by last-quarter revenue ($47.3M vs $38.3M, roughly 1.2× ImmunityBio, Inc.). Mama's Creations, Inc. runs the higher net margin — 1.1% vs -161.8%, a 162.9% gap on every dollar of revenue. On growth, ImmunityBio, Inc. posted the faster year-over-year revenue change (407.0% vs 50.0%). Mama's Creations, Inc. produced more free cash flow last quarter ($3.7M vs $-71.3M).

ImmunityBio, Inc. is a clinical-stage biotechnology company focused on developing next-generation immunotherapies and vaccine candidates targeting multiple cancer types and infectious diseases. It operates mainly in the U.S. market, with core R&D segments including cell therapy, antibody therapeutics, and targeted vaccine platforms designed to enhance patient treatment outcomes.

Mama's Creations, Inc. is a U.S.-based food manufacturing enterprise that produces a wide portfolio of refrigerated ready-to-eat and heat-and-serve food products, including Italian-style meatballs, sausages, pasta dishes, and other prepared meals. It mainly distributes its offerings to grocery retailers, mass merchandisers and foodservice partners across the United States, focusing on convenient, high-quality comfort food for daily consumer demand.

IBRX vs MAMA — Head-to-Head

Bigger by revenue
MAMA
MAMA
1.2× larger
MAMA
$47.3M
$38.3M
IBRX
Growing faster (revenue YoY)
IBRX
IBRX
+357.0% gap
IBRX
407.0%
50.0%
MAMA
Higher net margin
MAMA
MAMA
162.9% more per $
MAMA
1.1%
-161.8%
IBRX
More free cash flow
MAMA
MAMA
$75.0M more FCF
MAMA
$3.7M
$-71.3M
IBRX

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IBRX
IBRX
MAMA
MAMA
Revenue
$38.3M
$47.3M
Net Profit
$-61.9M
$540.0K
Gross Margin
99.0%
23.6%
Operating Margin
-169.0%
1.7%
Net Margin
-161.8%
1.1%
Revenue YoY
407.0%
50.0%
Net Profit YoY
-4.7%
31.7%
EPS (diluted)
$-0.06
$0.01

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
IBRX
IBRX
MAMA
MAMA
Q4 25
$38.3M
$47.3M
Q3 25
$32.1M
$35.2M
Q2 25
$26.4M
$35.3M
Q1 25
$16.5M
$33.6M
Q4 24
$7.6M
$31.5M
Q3 24
$6.1M
$28.4M
Q2 24
$29.8M
Q1 24
$26.7M
Net Profit
IBRX
IBRX
MAMA
MAMA
Q4 25
$-61.9M
$540.0K
Q3 25
$-67.3M
$1.3M
Q2 25
$-92.6M
$1.2M
Q1 25
$-129.6M
$1.6M
Q4 24
$-59.2M
$410.0K
Q3 24
$-85.7M
$1.1M
Q2 24
$553.0K
Q1 24
$1.4M
Gross Margin
IBRX
IBRX
MAMA
MAMA
Q4 25
99.0%
23.6%
Q3 25
99.4%
24.9%
Q2 25
99.5%
26.1%
Q1 25
99.6%
27.0%
Q4 24
22.6%
Q3 24
24.2%
Q2 24
25.0%
Q1 24
29.3%
Operating Margin
IBRX
IBRX
MAMA
MAMA
Q4 25
-169.0%
1.7%
Q3 25
-173.5%
4.8%
Q2 25
-269.8%
4.5%
Q1 25
-390.1%
5.7%
Q4 24
-919.0%
1.8%
Q3 24
-1314.3%
5.7%
Q2 24
2.6%
Q1 24
7.4%
Net Margin
IBRX
IBRX
MAMA
MAMA
Q4 25
-161.8%
1.1%
Q3 25
-209.8%
3.6%
Q2 25
-350.3%
3.5%
Q1 25
-784.9%
4.8%
Q4 24
-783.4%
1.3%
Q3 24
-1404.0%
4.0%
Q2 24
1.9%
Q1 24
5.3%
EPS (diluted)
IBRX
IBRX
MAMA
MAMA
Q4 25
$-0.06
$0.01
Q3 25
$-0.07
$0.03
Q2 25
$-0.10
$0.03
Q1 25
$-0.15
$0.04
Q4 24
$-0.08
$0.01
Q3 24
$-0.14
$0.03
Q2 24
$0.01
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
IBRX
IBRX
MAMA
MAMA
Cash + ST InvestmentsLiquidity on hand
$242.8M
$18.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-500.5M
$49.6M
Total Assets
$501.9M
$84.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBRX
IBRX
MAMA
MAMA
Q4 25
$242.8M
$18.1M
Q3 25
$257.8M
$9.4M
Q2 25
$153.7M
$12.0M
Q1 25
$61.6M
$7.2M
Q4 24
$149.8M
$9.3M
Q3 24
$130.4M
$7.4M
Q2 24
$13.0M
Q1 24
$11.0M
Stockholders' Equity
IBRX
IBRX
MAMA
MAMA
Q4 25
$-500.5M
$49.6M
Q3 25
$-524.3M
$29.6M
Q2 25
$-570.7M
$26.4M
Q1 25
$-591.4M
$24.9M
Q4 24
$-489.1M
$23.0M
Q3 24
$-745.1M
$22.3M
Q2 24
$20.3M
Q1 24
$19.6M
Total Assets
IBRX
IBRX
MAMA
MAMA
Q4 25
$501.9M
$84.0M
Q3 25
$519.0M
$51.2M
Q2 25
$402.1M
$52.7M
Q1 25
$303.8M
$47.1M
Q4 24
$382.9M
$47.9M
Q3 24
$364.6M
$43.0M
Q2 24
$47.2M
Q1 24
$45.1M

Cash Flow & Capital Efficiency

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

Metric
IBRX
IBRX
MAMA
MAMA
Operating Cash FlowLast quarter
$-70.4M
$3.9M
Free Cash FlowOCF − Capex
$-71.3M
$3.7M
FCF MarginFCF / Revenue
-186.2%
7.8%
Capex IntensityCapex / Revenue
2.4%
0.4%
Cash ConversionOCF / Net Profit
7.16×
TTM Free Cash FlowTrailing 4 quarters
$-308.8M
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBRX
IBRX
MAMA
MAMA
Q4 25
$-70.4M
$3.9M
Q3 25
$-68.9M
$-1.7M
Q2 25
$-79.7M
$6.0M
Q1 25
$-85.9M
$-857.0K
Q4 24
$-85.1M
$4.8M
Q3 24
$-98.8M
$-2.4M
Q2 24
$3.6M
Q1 24
$6.7M
Free Cash Flow
IBRX
IBRX
MAMA
MAMA
Q4 25
$-71.3M
$3.7M
Q3 25
$-69.6M
$-2.2M
Q2 25
$-80.8M
$5.5M
Q1 25
$-87.0M
$-930.0K
Q4 24
$-87.3M
$2.5M
Q3 24
$-101.6M
$-4.0M
Q2 24
$2.5M
Q1 24
$6.6M
FCF Margin
IBRX
IBRX
MAMA
MAMA
Q4 25
-186.2%
7.8%
Q3 25
-217.2%
-6.2%
Q2 25
-305.9%
15.5%
Q1 25
-526.9%
-2.8%
Q4 24
-1155.4%
8.0%
Q3 24
-1663.2%
-14.1%
Q2 24
8.4%
Q1 24
24.8%
Capex Intensity
IBRX
IBRX
MAMA
MAMA
Q4 25
2.4%
0.4%
Q3 25
2.3%
1.5%
Q2 25
4.1%
1.5%
Q1 25
6.8%
0.2%
Q4 24
28.0%
7.2%
Q3 24
45.7%
5.6%
Q2 24
3.8%
Q1 24
0.4%
Cash Conversion
IBRX
IBRX
MAMA
MAMA
Q4 25
7.16×
Q3 25
-1.31×
Q2 25
4.85×
Q1 25
-0.54×
Q4 24
11.71×
Q3 24
-2.10×
Q2 24
6.58×
Q1 24
4.79×

Financial Flow Comparison

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

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