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Side-by-side financial comparison of ImmunityBio, Inc. (IBRX) and Massimo Group (MAMO). Click either name above to swap in a different company.

ImmunityBio, Inc. is the larger business by last-quarter revenue ($38.3M vs $21.0M, roughly 1.8× Massimo Group). Massimo Group runs the higher net margin — 9.5% vs -161.8%, a 171.3% gap on every dollar of revenue. On growth, ImmunityBio, Inc. posted the faster year-over-year revenue change (407.0% vs 15.7%).

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.

Massimo Dutti, S.A. is a Spanish premium clothing retailer specializing in cashmere and wool products, established in 1985 and owned by Spanish multinational company Inditex, the parent company of Zara, Pull&Bear, and other brands.

IBRX vs MAMO — Head-to-Head

Bigger by revenue
IBRX
IBRX
1.8× larger
IBRX
$38.3M
$21.0M
MAMO
Growing faster (revenue YoY)
IBRX
IBRX
+391.3% gap
IBRX
407.0%
15.7%
MAMO
Higher net margin
MAMO
MAMO
171.3% more per $
MAMO
9.5%
-161.8%
IBRX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IBRX
IBRX
MAMO
MAMO
Revenue
$38.3M
$21.0M
Net Profit
$-61.9M
$2.0M
Gross Margin
99.0%
41.5%
Operating Margin
-169.0%
13.1%
Net Margin
-161.8%
9.5%
Revenue YoY
407.0%
15.7%
Net Profit YoY
-4.7%
215.0%
EPS (diluted)
$-0.06
$0.05

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
MAMO
MAMO
Q4 25
$38.3M
$21.0M
Q3 25
$32.1M
$17.0M
Q2 25
$26.4M
$18.9M
Q1 25
$16.5M
$14.9M
Q4 24
$7.6M
$18.2M
Q3 24
$6.1M
$25.6M
Q2 24
$35.4M
Q1 24
$30.2M
Net Profit
IBRX
IBRX
MAMO
MAMO
Q4 25
$-61.9M
$2.0M
Q3 25
$-67.3M
$1.5M
Q2 25
$-92.6M
$77.7K
Q1 25
$-129.6M
$-2.1M
Q4 24
$-59.2M
$-1.7M
Q3 24
$-85.7M
$-2.5M
Q2 24
$2.8M
Q1 24
$3.2M
Gross Margin
IBRX
IBRX
MAMO
MAMO
Q4 25
99.0%
41.5%
Q3 25
99.4%
42.0%
Q2 25
99.5%
36.3%
Q1 25
99.6%
28.4%
Q4 24
19.6%
Q3 24
27.2%
Q2 24
32.5%
Q1 24
34.7%
Operating Margin
IBRX
IBRX
MAMO
MAMO
Q4 25
-169.0%
13.1%
Q3 25
-173.5%
10.5%
Q2 25
-269.8%
0.8%
Q1 25
-390.1%
-18.2%
Q4 24
-919.0%
-15.4%
Q3 24
-1314.3%
1.2%
Q2 24
10.1%
Q1 24
13.2%
Net Margin
IBRX
IBRX
MAMO
MAMO
Q4 25
-161.8%
9.5%
Q3 25
-209.8%
9.0%
Q2 25
-350.3%
0.4%
Q1 25
-784.9%
-14.0%
Q4 24
-783.4%
-9.5%
Q3 24
-1404.0%
-9.8%
Q2 24
8.0%
Q1 24
10.6%
EPS (diluted)
IBRX
IBRX
MAMO
MAMO
Q4 25
$-0.06
$0.05
Q3 25
$-0.07
$0.04
Q2 25
$-0.10
$0.00
Q1 25
$-0.15
$-0.05
Q4 24
$-0.08
$-0.05
Q3 24
$-0.14
$-0.06
Q2 24
$0.07
Q1 24
$0.08

Balance Sheet & Financial Strength

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

Metric
IBRX
IBRX
MAMO
MAMO
Cash + ST InvestmentsLiquidity on hand
$242.8M
$5.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-500.5M
$23.7M
Total Assets
$501.9M
$51.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBRX
IBRX
MAMO
MAMO
Q4 25
$242.8M
$5.8M
Q3 25
$257.8M
$2.6M
Q2 25
$153.7M
Q1 25
$61.6M
$3.0M
Q4 24
$149.8M
$10.2M
Q3 24
$130.4M
Q2 24
Q1 24
Stockholders' Equity
IBRX
IBRX
MAMO
MAMO
Q4 25
$-500.5M
$23.7M
Q3 25
$-524.3M
$21.7M
Q2 25
$-570.7M
$20.2M
Q1 25
$-591.4M
$19.9M
Q4 24
$-489.1M
$21.7M
Q3 24
$-745.1M
$22.5M
Q2 24
$24.7M
Q1 24
$18.1M
Total Assets
IBRX
IBRX
MAMO
MAMO
Q4 25
$501.9M
$51.4M
Q3 25
$519.0M
$44.4M
Q2 25
$402.1M
$45.9M
Q1 25
$303.8M
$46.4M
Q4 24
$382.9M
$54.9M
Q3 24
$364.6M
$57.1M
Q2 24
$49.9M
Q1 24
$47.3M

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
MAMO
MAMO
Operating Cash FlowLast quarter
$-70.4M
$4.0M
Free Cash FlowOCF − Capex
$-71.3M
FCF MarginFCF / Revenue
-186.2%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
2.01×
TTM Free Cash FlowTrailing 4 quarters
$-308.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBRX
IBRX
MAMO
MAMO
Q4 25
$-70.4M
$4.0M
Q3 25
$-68.9M
$633.2K
Q2 25
$-79.7M
$-1.4M
Q1 25
$-85.9M
$-3.3M
Q4 24
$-85.1M
$9.1M
Q3 24
$-98.8M
$4.7M
Q2 24
$-6.5M
Q1 24
$-637.0K
Free Cash Flow
IBRX
IBRX
MAMO
MAMO
Q4 25
$-71.3M
Q3 25
$-69.6M
Q2 25
$-80.8M
Q1 25
$-87.0M
Q4 24
$-87.3M
$9.0M
Q3 24
$-101.6M
$4.6M
Q2 24
$-6.7M
Q1 24
$-741.4K
FCF Margin
IBRX
IBRX
MAMO
MAMO
Q4 25
-186.2%
Q3 25
-217.2%
Q2 25
-305.9%
Q1 25
-526.9%
Q4 24
-1155.4%
49.7%
Q3 24
-1663.2%
18.1%
Q2 24
-19.0%
Q1 24
-2.5%
Capex Intensity
IBRX
IBRX
MAMO
MAMO
Q4 25
2.4%
Q3 25
2.3%
Q2 25
4.1%
Q1 25
6.8%
Q4 24
28.0%
0.2%
Q3 24
45.7%
0.3%
Q2 24
0.7%
Q1 24
0.3%
Cash Conversion
IBRX
IBRX
MAMO
MAMO
Q4 25
2.01×
Q3 25
0.41×
Q2 25
-17.92×
Q1 25
Q4 24
Q3 24
Q2 24
-2.30×
Q1 24
-0.20×

Financial Flow Comparison

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

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