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Side-by-side financial comparison of ImmunityBio, Inc. (IBRX) and Nano Dimension Ltd. (NNDM). Click either name above to swap in a different company.

Nano Dimension Ltd. is the larger business by last-quarter revenue ($57.8M vs $38.3M, roughly 1.5× ImmunityBio, Inc.). ImmunityBio, Inc. runs the higher net margin — -161.8% vs -171.1%, a 9.3% gap on every dollar of revenue. Nano Dimension Ltd. produced more free cash flow last quarter ($-21.1M 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.

Nano Dimension Ltd. is a leading provider of additively manufactured electronics solutions and 3D printing technologies. It designs high-precision 3D printers, related materials, and software for producing printed circuit boards, microelectronics components, and multi-layer electronic devices, serving aerospace, defense, medical, automotive, and industrial electronics segments across global markets.

IBRX vs NNDM — Head-to-Head

Bigger by revenue
NNDM
NNDM
1.5× larger
NNDM
$57.8M
$38.3M
IBRX
Higher net margin
IBRX
IBRX
9.3% more per $
IBRX
-161.8%
-171.1%
NNDM
More free cash flow
NNDM
NNDM
$50.2M more FCF
NNDM
$-21.1M
$-71.3M
IBRX

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
IBRX
IBRX
NNDM
NNDM
Revenue
$38.3M
$57.8M
Net Profit
$-61.9M
$-98.8M
Gross Margin
99.0%
43.1%
Operating Margin
-169.0%
-155.1%
Net Margin
-161.8%
-171.1%
Revenue YoY
407.0%
Net Profit YoY
-4.7%
EPS (diluted)
$-0.06
$-0.45

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
NNDM
NNDM
Q4 25
$38.3M
Q3 25
$32.1M
Q2 25
$26.4M
Q1 25
$16.5M
Q4 24
$7.6M
$57.8M
Q3 24
$6.1M
Q2 24
$28.4M
Q2 23
$29.7M
Net Profit
IBRX
IBRX
NNDM
NNDM
Q4 25
$-61.9M
Q3 25
$-67.3M
Q2 25
$-92.6M
Q1 25
$-129.6M
Q4 24
$-59.2M
$-98.8M
Q3 24
$-85.7M
Q2 24
$-79.2M
Q2 23
$12.6M
Gross Margin
IBRX
IBRX
NNDM
NNDM
Q4 25
99.0%
Q3 25
99.4%
Q2 25
99.5%
Q1 25
99.6%
Q4 24
43.1%
Q3 24
Q2 24
45.8%
Q2 23
44.0%
Operating Margin
IBRX
IBRX
NNDM
NNDM
Q4 25
-169.0%
Q3 25
-173.5%
Q2 25
-269.8%
Q1 25
-390.1%
Q4 24
-919.0%
-155.1%
Q3 24
-1314.3%
Q2 24
Q2 23
Net Margin
IBRX
IBRX
NNDM
NNDM
Q4 25
-161.8%
Q3 25
-209.8%
Q2 25
-350.3%
Q1 25
-784.9%
Q4 24
-783.4%
-171.1%
Q3 24
-1404.0%
Q2 24
-279.4%
Q2 23
42.3%
EPS (diluted)
IBRX
IBRX
NNDM
NNDM
Q4 25
$-0.06
Q3 25
$-0.07
Q2 25
$-0.10
Q1 25
$-0.15
Q4 24
$-0.08
$-0.45
Q3 24
$-0.14
Q2 24
$-0.35
Q2 23
$0.05

Balance Sheet & Financial Strength

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

Metric
IBRX
IBRX
NNDM
NNDM
Cash + ST InvestmentsLiquidity on hand
$242.8M
$317.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-500.5M
$860.0M
Total Assets
$501.9M
$902.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBRX
IBRX
NNDM
NNDM
Q4 25
$242.8M
Q3 25
$257.8M
Q2 25
$153.7M
Q1 25
$61.6M
Q4 24
$149.8M
$317.2M
Q3 24
$130.4M
Q2 24
$231.8M
Q2 23
$454.6M
Stockholders' Equity
IBRX
IBRX
NNDM
NNDM
Q4 25
$-500.5M
Q3 25
$-524.3M
Q2 25
$-570.7M
Q1 25
$-591.4M
Q4 24
$-489.1M
$860.0M
Q3 24
$-745.1M
Q2 24
$870.3M
Q2 23
$1.1B
Total Assets
IBRX
IBRX
NNDM
NNDM
Q4 25
$501.9M
Q3 25
$519.0M
Q2 25
$402.1M
Q1 25
$303.8M
Q4 24
$382.9M
$902.5M
Q3 24
$364.6M
Q2 24
$911.0M
Q2 23
$1.2B

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
NNDM
NNDM
Operating Cash FlowLast quarter
$-70.4M
$-18.9M
Free Cash FlowOCF − Capex
$-71.3M
$-21.1M
FCF MarginFCF / Revenue
-186.2%
-36.5%
Capex IntensityCapex / Revenue
2.4%
3.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-308.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBRX
IBRX
NNDM
NNDM
Q4 25
$-70.4M
Q3 25
$-68.9M
Q2 25
$-79.7M
Q1 25
$-85.9M
Q4 24
$-85.1M
$-18.9M
Q3 24
$-98.8M
Q2 24
$-30.7M
Q2 23
$-56.1M
Free Cash Flow
IBRX
IBRX
NNDM
NNDM
Q4 25
$-71.3M
Q3 25
$-69.6M
Q2 25
$-80.8M
Q1 25
$-87.0M
Q4 24
$-87.3M
$-21.1M
Q3 24
$-101.6M
Q2 24
Q2 23
FCF Margin
IBRX
IBRX
NNDM
NNDM
Q4 25
-186.2%
Q3 25
-217.2%
Q2 25
-305.9%
Q1 25
-526.9%
Q4 24
-1155.4%
-36.5%
Q3 24
-1663.2%
Q2 24
Q2 23
Capex Intensity
IBRX
IBRX
NNDM
NNDM
Q4 25
2.4%
Q3 25
2.3%
Q2 25
4.1%
Q1 25
6.8%
Q4 24
28.0%
3.8%
Q3 24
45.7%
Q2 24
Q2 23
Cash Conversion
IBRX
IBRX
NNDM
NNDM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q2 23
-4.47×

Financial Flow Comparison

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

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