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Side-by-side financial comparison of ImmunityBio, Inc. (IBRX) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.
ImmunityBio, Inc. is the larger business by last-quarter revenue ($38.3M vs $23.6M, roughly 1.6× NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP). ImmunityBio, Inc. runs the higher net margin — -161.8% vs -677.3%, a 515.5% 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.
New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.
IBRX vs NEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.3M | $23.6M |
| Net Profit | $-61.9M | $-1.4M |
| Gross Margin | 99.0% | — |
| Operating Margin | -169.0% | 14.0% |
| Net Margin | -161.8% | -677.3% |
| Revenue YoY | 407.0% | 15.7% |
| Net Profit YoY | -4.7% | -133.0% |
| EPS (diluted) | $-0.06 | — |
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.
| Q4 25 | $38.3M | $23.6M | ||
| Q3 25 | $32.1M | $23.7M | ||
| Q2 25 | $26.4M | $21.2M | ||
| Q1 25 | $16.5M | $20.7M | ||
| Q4 24 | $7.6M | $20.4M | ||
| Q3 24 | $6.1M | $20.2M | ||
| Q2 24 | — | $20.1M | ||
| Q1 24 | — | $19.9M |
| Q4 25 | $-61.9M | $-1.4M | ||
| Q3 25 | $-67.3M | $-521.8K | ||
| Q2 25 | $-92.6M | $4.1M | ||
| Q1 25 | $-129.6M | $3.8M | ||
| Q4 24 | $-59.2M | $4.2M | ||
| Q3 24 | $-85.7M | $3.9M | ||
| Q2 24 | — | $4.1M | ||
| Q1 24 | — | $3.5M |
| Q4 25 | 99.0% | — | ||
| Q3 25 | 99.4% | — | ||
| Q2 25 | 99.5% | — | ||
| Q1 25 | 99.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -169.0% | 14.0% | ||
| Q3 25 | -173.5% | 20.0% | ||
| Q2 25 | -269.8% | 33.3% | ||
| Q1 25 | -390.1% | 30.1% | ||
| Q4 24 | -919.0% | 32.4% | ||
| Q3 24 | -1314.3% | 32.0% | ||
| Q2 24 | — | 32.6% | ||
| Q1 24 | — | 28.9% |
| Q4 25 | -161.8% | -677.3% | ||
| Q3 25 | -209.8% | -2.2% | ||
| Q2 25 | -350.3% | 19.5% | ||
| Q1 25 | -784.9% | 18.3% | ||
| Q4 24 | -783.4% | 20.7% | ||
| Q3 24 | -1404.0% | 19.3% | ||
| Q2 24 | — | 20.3% | ||
| Q1 24 | — | 17.4% |
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $-0.07 | — | ||
| Q2 25 | $-0.10 | — | ||
| Q1 25 | $-0.15 | — | ||
| Q4 24 | $-0.08 | — | ||
| Q3 24 | $-0.14 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $242.8M | $26.7M |
| Total DebtLower is stronger | — | $531.0M |
| Stockholders' EquityBook value | $-500.5M | — |
| Total Assets | $501.9M | $505.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.8M | $26.7M | ||
| Q3 25 | $257.8M | $13.4M | ||
| Q2 25 | $153.7M | $16.7M | ||
| Q1 25 | $61.6M | $30.9M | ||
| Q4 24 | $149.8M | $17.6M | ||
| Q3 24 | $130.4M | $15.1M | ||
| Q2 24 | — | $13.5M | ||
| Q1 24 | — | $28.8M |
| Q4 25 | — | $531.0M | ||
| Q3 25 | — | $514.2M | ||
| Q2 25 | — | $514.3M | ||
| Q1 25 | — | $407.8M | ||
| Q4 24 | — | $408.6M | ||
| Q3 24 | — | $409.3M | ||
| Q2 24 | — | $410.0M | ||
| Q1 24 | — | $410.7M |
| Q4 25 | $-500.5M | — | ||
| Q3 25 | $-524.3M | — | ||
| Q2 25 | $-570.7M | — | ||
| Q1 25 | $-591.4M | — | ||
| Q4 24 | $-489.1M | — | ||
| Q3 24 | $-745.1M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $501.9M | $505.3M | ||
| Q3 25 | $519.0M | $492.9M | ||
| Q2 25 | $402.1M | $494.8M | ||
| Q1 25 | $303.8M | $385.2M | ||
| Q4 24 | $382.9M | $393.5M | ||
| Q3 24 | $364.6M | $387.4M | ||
| Q2 24 | — | $383.7M | ||
| Q1 24 | — | $381.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-70.4M | $27.7M |
| Free Cash FlowOCF − Capex | $-71.3M | — |
| FCF MarginFCF / Revenue | -186.2% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-308.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-70.4M | $27.7M | ||
| Q3 25 | $-68.9M | $2.3M | ||
| Q2 25 | $-79.7M | $12.5M | ||
| Q1 25 | $-85.9M | $5.5M | ||
| Q4 24 | $-85.1M | $31.9M | ||
| Q3 24 | $-98.8M | $8.5M | ||
| Q2 24 | — | $5.4M | ||
| Q1 24 | — | $6.1M |
| Q4 25 | $-71.3M | — | ||
| Q3 25 | $-69.6M | — | ||
| Q2 25 | $-80.8M | — | ||
| Q1 25 | $-87.0M | — | ||
| Q4 24 | $-87.3M | — | ||
| Q3 24 | $-101.6M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -186.2% | — | ||
| Q3 25 | -217.2% | — | ||
| Q2 25 | -305.9% | — | ||
| Q1 25 | -526.9% | — | ||
| Q4 24 | -1155.4% | — | ||
| Q3 24 | -1663.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 2.4% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | 28.0% | — | ||
| Q3 24 | 45.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.02× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 7.57× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 1.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
