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Side-by-side financial comparison of ImmunityBio, Inc. (IBRX) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.

MID PENN BANCORP INC is the larger business by last-quarter revenue ($62.0M vs $38.3M, roughly 1.6× ImmunityBio, Inc.). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -161.8%, a 193.1% gap on every dollar of revenue. On growth, ImmunityBio, Inc. posted the faster year-over-year revenue change (407.0% vs 30.8%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M 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.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

IBRX vs MPB — Head-to-Head

Bigger by revenue
MPB
MPB
1.6× larger
MPB
$62.0M
$38.3M
IBRX
Growing faster (revenue YoY)
IBRX
IBRX
+376.2% gap
IBRX
407.0%
30.8%
MPB
Higher net margin
MPB
MPB
193.1% more per $
MPB
31.4%
-161.8%
IBRX
More free cash flow
MPB
MPB
$143.1M more FCF
MPB
$71.8M
$-71.3M
IBRX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IBRX
IBRX
MPB
MPB
Revenue
$38.3M
$62.0M
Net Profit
$-61.9M
$19.4M
Gross Margin
99.0%
Operating Margin
-169.0%
43.6%
Net Margin
-161.8%
31.4%
Revenue YoY
407.0%
30.8%
Net Profit YoY
-4.7%
47.0%
EPS (diluted)
$-0.06
$0.83

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
MPB
MPB
Q4 25
$38.3M
$62.0M
Q3 25
$32.1M
$61.8M
Q2 25
$26.4M
$54.3M
Q1 25
$16.5M
$47.7M
Q4 24
$7.6M
$47.4M
Q3 24
$6.1M
$45.3M
Q2 24
$44.1M
Q1 24
$42.3M
Net Profit
IBRX
IBRX
MPB
MPB
Q4 25
$-61.9M
$19.4M
Q3 25
$-67.3M
$18.3M
Q2 25
$-92.6M
$4.8M
Q1 25
$-129.6M
$13.7M
Q4 24
$-59.2M
$13.2M
Q3 24
$-85.7M
$12.3M
Q2 24
$11.8M
Q1 24
$12.1M
Gross Margin
IBRX
IBRX
MPB
MPB
Q4 25
99.0%
Q3 25
99.4%
Q2 25
99.5%
Q1 25
99.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
IBRX
IBRX
MPB
MPB
Q4 25
-169.0%
43.6%
Q3 25
-173.5%
39.3%
Q2 25
-269.8%
7.9%
Q1 25
-390.1%
35.2%
Q4 24
-919.0%
34.1%
Q3 24
-1314.3%
32.8%
Q2 24
32.4%
Q1 24
34.8%
Net Margin
IBRX
IBRX
MPB
MPB
Q4 25
-161.8%
31.4%
Q3 25
-209.8%
29.6%
Q2 25
-350.3%
8.8%
Q1 25
-784.9%
28.8%
Q4 24
-783.4%
27.9%
Q3 24
-1404.0%
27.1%
Q2 24
26.7%
Q1 24
28.7%
EPS (diluted)
IBRX
IBRX
MPB
MPB
Q4 25
$-0.06
$0.83
Q3 25
$-0.07
$0.79
Q2 25
$-0.10
$0.22
Q1 25
$-0.15
$0.71
Q4 24
$-0.08
$0.72
Q3 24
$-0.14
$0.74
Q2 24
$0.71
Q1 24
$0.73

Balance Sheet & Financial Strength

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

Metric
IBRX
IBRX
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$242.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-500.5M
$814.1M
Total Assets
$501.9M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBRX
IBRX
MPB
MPB
Q4 25
$242.8M
Q3 25
$257.8M
Q2 25
$153.7M
Q1 25
$61.6M
Q4 24
$149.8M
Q3 24
$130.4M
Q2 24
Q1 24
Stockholders' Equity
IBRX
IBRX
MPB
MPB
Q4 25
$-500.5M
$814.1M
Q3 25
$-524.3M
$796.3M
Q2 25
$-570.7M
$775.7M
Q1 25
$-591.4M
$667.9M
Q4 24
$-489.1M
$655.0M
Q3 24
$-745.1M
$573.1M
Q2 24
$559.7M
Q1 24
$551.0M
Total Assets
IBRX
IBRX
MPB
MPB
Q4 25
$501.9M
$6.1B
Q3 25
$519.0M
$6.3B
Q2 25
$402.1M
$6.4B
Q1 25
$303.8M
$5.5B
Q4 24
$382.9M
$5.5B
Q3 24
$364.6M
$5.5B
Q2 24
$5.4B
Q1 24
$5.3B

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
MPB
MPB
Operating Cash FlowLast quarter
$-70.4M
$80.0M
Free Cash FlowOCF − Capex
$-71.3M
$71.8M
FCF MarginFCF / Revenue
-186.2%
115.8%
Capex IntensityCapex / Revenue
2.4%
13.3%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters
$-308.8M
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBRX
IBRX
MPB
MPB
Q4 25
$-70.4M
$80.0M
Q3 25
$-68.9M
$26.3M
Q2 25
$-79.7M
$29.0M
Q1 25
$-85.9M
$11.5M
Q4 24
$-85.1M
$51.4M
Q3 24
$-98.8M
$16.9M
Q2 24
$18.0M
Q1 24
$12.4M
Free Cash Flow
IBRX
IBRX
MPB
MPB
Q4 25
$-71.3M
$71.8M
Q3 25
$-69.6M
$24.3M
Q2 25
$-80.8M
$27.2M
Q1 25
$-87.0M
$8.8M
Q4 24
$-87.3M
$44.5M
Q3 24
$-101.6M
$16.8M
Q2 24
$17.7M
Q1 24
$12.1M
FCF Margin
IBRX
IBRX
MPB
MPB
Q4 25
-186.2%
115.8%
Q3 25
-217.2%
39.4%
Q2 25
-305.9%
50.1%
Q1 25
-526.9%
18.4%
Q4 24
-1155.4%
93.8%
Q3 24
-1663.2%
37.1%
Q2 24
40.2%
Q1 24
28.5%
Capex Intensity
IBRX
IBRX
MPB
MPB
Q4 25
2.4%
13.3%
Q3 25
2.3%
3.1%
Q2 25
4.1%
3.2%
Q1 25
6.8%
5.7%
Q4 24
28.0%
14.6%
Q3 24
45.7%
0.0%
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
IBRX
IBRX
MPB
MPB
Q4 25
4.12×
Q3 25
1.44×
Q2 25
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
1.53×
Q1 24
1.02×

Financial Flow Comparison

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

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