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Side-by-side financial comparison of ImmunityBio, Inc. (IBRX) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.
NETSTREIT Corp. is the larger business by last-quarter revenue ($57.1M vs $38.3M, roughly 1.5× ImmunityBio, Inc.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -161.8%, a 171.8% gap on every dollar of revenue. On growth, ImmunityBio, Inc. posted the faster year-over-year revenue change (407.0% vs 24.3%).
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.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
IBRX vs NTST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $38.3M | $57.1M |
| Net Profit | $-61.9M | $5.7M |
| Gross Margin | 99.0% | — |
| Operating Margin | -169.0% | 34.1% |
| Net Margin | -161.8% | 10.0% |
| Revenue YoY | 407.0% | 24.3% |
| Net Profit YoY | -4.7% | 235.9% |
| EPS (diluted) | $-0.06 | $0.32 |
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.
| Q1 26 | — | $57.1M | ||
| Q4 25 | $38.3M | $52.5M | ||
| Q3 25 | $32.1M | $48.3M | ||
| Q2 25 | $26.4M | $48.3M | ||
| Q1 25 | $16.5M | $45.9M | ||
| Q4 24 | $7.6M | $44.1M | ||
| Q3 24 | $6.1M | $41.4M | ||
| Q2 24 | — | $39.6M |
| Q1 26 | — | $5.7M | ||
| Q4 25 | $-61.9M | $1.3M | ||
| Q3 25 | $-67.3M | $618.0K | ||
| Q2 25 | $-92.6M | $3.3M | ||
| Q1 25 | $-129.6M | $1.7M | ||
| Q4 24 | $-59.2M | $-5.4M | ||
| Q3 24 | $-85.7M | $-5.3M | ||
| Q2 24 | — | $-2.3M |
| Q1 26 | — | — | ||
| Q4 25 | 99.0% | — | ||
| Q3 25 | 99.4% | — | ||
| Q2 25 | 99.5% | — | ||
| Q1 25 | 99.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 34.1% | ||
| Q4 25 | -169.0% | 2.6% | ||
| Q3 25 | -173.5% | 1.3% | ||
| Q2 25 | -269.8% | 6.8% | ||
| Q1 25 | -390.1% | 3.7% | ||
| Q4 24 | -919.0% | -12.3% | ||
| Q3 24 | -1314.3% | -12.8% | ||
| Q2 24 | — | -5.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | -161.8% | 2.5% | ||
| Q3 25 | -209.8% | 1.3% | ||
| Q2 25 | -350.3% | 6.8% | ||
| Q1 25 | -784.9% | 3.7% | ||
| Q4 24 | -783.4% | -12.3% | ||
| Q3 24 | -1404.0% | -12.8% | ||
| Q2 24 | — | -5.8% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $-0.06 | $0.01 | ||
| Q3 25 | $-0.07 | $0.01 | ||
| Q2 25 | $-0.10 | $0.04 | ||
| Q1 25 | $-0.15 | $0.02 | ||
| Q4 24 | $-0.08 | $-0.07 | ||
| Q3 24 | $-0.14 | $-0.07 | ||
| Q2 24 | — | $-0.03 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-500.5M | $1.5B |
| Total Assets | $501.9M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $926.6M | ||
| Q1 25 | — | $913.3M | ||
| Q4 24 | — | $868.3M | ||
| Q3 24 | — | $778.7M | ||
| Q2 24 | — | $726.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $-500.5M | $1.4B | ||
| Q3 25 | $-524.3M | $1.3B | ||
| Q2 25 | $-570.7M | $1.3B | ||
| Q1 25 | $-591.4M | $1.3B | ||
| Q4 24 | $-489.1M | $1.3B | ||
| Q3 24 | $-745.1M | $1.3B | ||
| Q2 24 | — | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $501.9M | $2.6B | ||
| Q3 25 | $519.0M | $2.5B | ||
| Q2 25 | $402.1M | $2.3B | ||
| Q1 25 | $303.8M | $2.3B | ||
| Q4 24 | $382.9M | $2.3B | ||
| Q3 24 | $364.6M | $2.2B | ||
| Q2 24 | — | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.55× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-70.4M | $109.5M | ||
| Q3 25 | $-68.9M | $28.0M | ||
| Q2 25 | $-79.7M | $30.6M | ||
| Q1 25 | $-85.9M | $22.1M | ||
| Q4 24 | $-85.1M | $90.2M | ||
| Q3 24 | $-98.8M | $25.1M | ||
| Q2 24 | — | $25.4M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 82.46× | ||
| Q3 25 | — | 45.27× | ||
| Q2 25 | — | 9.36× | ||
| Q1 25 | — | 13.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IBRX
Segment breakdown not available.
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
