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

ImmunityBio, Inc. is the larger business by last-quarter revenue ($38.3M vs $31.4M, roughly 1.2× Ponce Financial Group, Inc.). Ponce Financial Group, Inc. runs the higher net margin — 36.3% vs -161.8%, a 198.1% gap on every dollar of revenue. On growth, ImmunityBio, Inc. posted the faster year-over-year revenue change (407.0% vs 37.6%). Ponce Financial Group, Inc. produced more free cash flow last quarter ($54.6M 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.

Ponce Financial Group, Inc. is a U.S.-based financial holding company operating Ponce Bank as its core subsidiary. It serves multicultural, immigrant and low-to-moderate income communities in the New York metro area, offering retail and commercial banking products including deposits, mortgages, small business financing and personal credit.

IBRX vs PDLB — Head-to-Head

Bigger by revenue
IBRX
IBRX
1.2× larger
IBRX
$38.3M
$31.4M
PDLB
Growing faster (revenue YoY)
IBRX
IBRX
+369.3% gap
IBRX
407.0%
37.6%
PDLB
Higher net margin
PDLB
PDLB
198.1% more per $
PDLB
36.3%
-161.8%
IBRX
More free cash flow
PDLB
PDLB
$125.9M more FCF
PDLB
$54.6M
$-71.3M
IBRX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IBRX
IBRX
PDLB
PDLB
Revenue
$38.3M
$31.4M
Net Profit
$-61.9M
$10.1M
Gross Margin
99.0%
Operating Margin
-169.0%
43.6%
Net Margin
-161.8%
36.3%
Revenue YoY
407.0%
37.6%
Net Profit YoY
-4.7%
245.6%
EPS (diluted)
$-0.06
$0.43

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
PDLB
PDLB
Q4 25
$38.3M
$31.4M
Q3 25
$32.1M
$26.7M
Q2 25
$26.4M
$26.5M
Q1 25
$16.5M
$24.6M
Q4 24
$7.6M
$22.8M
Q3 24
$6.1M
$20.2M
Q2 24
$20.2M
Q1 24
$20.5M
Net Profit
IBRX
IBRX
PDLB
PDLB
Q4 25
$-61.9M
$10.1M
Q3 25
$-67.3M
$6.5M
Q2 25
$-92.6M
$6.1M
Q1 25
$-129.6M
$6.0M
Q4 24
$-59.2M
$2.9M
Q3 24
$-85.7M
$2.4M
Q2 24
$3.2M
Q1 24
$2.4M
Gross Margin
IBRX
IBRX
PDLB
PDLB
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
PDLB
PDLB
Q4 25
-169.0%
43.6%
Q3 25
-173.5%
32.8%
Q2 25
-269.8%
30.2%
Q1 25
-390.1%
32.5%
Q4 24
-919.0%
19.6%
Q3 24
-1314.3%
15.2%
Q2 24
21.8%
Q1 24
18.3%
Net Margin
IBRX
IBRX
PDLB
PDLB
Q4 25
-161.8%
36.3%
Q3 25
-209.8%
24.3%
Q2 25
-350.3%
23.0%
Q1 25
-784.9%
24.2%
Q4 24
-783.4%
14.1%
Q3 24
-1404.0%
12.1%
Q2 24
15.8%
Q1 24
11.8%
EPS (diluted)
IBRX
IBRX
PDLB
PDLB
Q4 25
$-0.06
$0.43
Q3 25
$-0.07
$0.27
Q2 25
$-0.10
$0.25
Q1 25
$-0.15
$0.25
Q4 24
$-0.08
$0.11
Q3 24
$-0.14
$0.10
Q2 24
$0.14
Q1 24
$0.11

Balance Sheet & Financial Strength

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

Metric
IBRX
IBRX
PDLB
PDLB
Cash + ST InvestmentsLiquidity on hand
$242.8M
$126.2M
Total DebtLower is stronger
$596.1M
Stockholders' EquityBook value
$-500.5M
$541.5M
Total Assets
$501.9M
$3.2B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBRX
IBRX
PDLB
PDLB
Q4 25
$242.8M
$126.2M
Q3 25
$257.8M
$146.6M
Q2 25
$153.7M
$126.6M
Q1 25
$61.6M
$129.9M
Q4 24
$149.8M
$139.8M
Q3 24
$130.4M
$155.8M
Q2 24
$103.2M
Q1 24
$134.7M
Total Debt
IBRX
IBRX
PDLB
PDLB
Q4 25
$596.1M
Q3 25
$521.1M
Q2 25
$536.1M
Q1 25
$521.1M
Q4 24
$596.1M
Q3 24
$580.4M
Q2 24
$680.4M
Q1 24
$680.4M
Stockholders' Equity
IBRX
IBRX
PDLB
PDLB
Q4 25
$-500.5M
$541.5M
Q3 25
$-524.3M
$529.8M
Q2 25
$-570.7M
$521.1M
Q1 25
$-591.4M
$513.9M
Q4 24
$-489.1M
$505.5M
Q3 24
$-745.1M
$504.6M
Q2 24
$497.7M
Q1 24
$493.7M
Total Assets
IBRX
IBRX
PDLB
PDLB
Q4 25
$501.9M
$3.2B
Q3 25
$519.0M
$3.2B
Q2 25
$402.1M
$3.2B
Q1 25
$303.8M
$3.1B
Q4 24
$382.9M
$3.0B
Q3 24
$364.6M
$3.0B
Q2 24
$2.8B
Q1 24
$2.8B
Debt / Equity
IBRX
IBRX
PDLB
PDLB
Q4 25
1.10×
Q3 25
0.98×
Q2 25
1.03×
Q1 25
1.01×
Q4 24
1.18×
Q3 24
1.15×
Q2 24
1.37×
Q1 24
1.38×

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
PDLB
PDLB
Operating Cash FlowLast quarter
$-70.4M
$55.6M
Free Cash FlowOCF − Capex
$-71.3M
$54.6M
FCF MarginFCF / Revenue
-186.2%
173.9%
Capex IntensityCapex / Revenue
2.4%
3.1%
Cash ConversionOCF / Net Profit
5.48×
TTM Free Cash FlowTrailing 4 quarters
$-308.8M
$74.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBRX
IBRX
PDLB
PDLB
Q4 25
$-70.4M
$55.6M
Q3 25
$-68.9M
$1.4M
Q2 25
$-79.7M
$6.2M
Q1 25
$-85.9M
$13.1M
Q4 24
$-85.1M
$7.2M
Q3 24
$-98.8M
$-14.6M
Q2 24
$-2.6M
Q1 24
$1.5M
Free Cash Flow
IBRX
IBRX
PDLB
PDLB
Q4 25
$-71.3M
$54.6M
Q3 25
$-69.6M
$786.0K
Q2 25
$-80.8M
$5.9M
Q1 25
$-87.0M
$12.9M
Q4 24
$-87.3M
$4.5M
Q3 24
$-101.6M
$-15.0M
Q2 24
$-2.6M
Q1 24
$-315.0K
FCF Margin
IBRX
IBRX
PDLB
PDLB
Q4 25
-186.2%
173.9%
Q3 25
-217.2%
2.9%
Q2 25
-305.9%
22.4%
Q1 25
-526.9%
52.6%
Q4 24
-1155.4%
19.7%
Q3 24
-1663.2%
-74.1%
Q2 24
-13.0%
Q1 24
-1.5%
Capex Intensity
IBRX
IBRX
PDLB
PDLB
Q4 25
2.4%
3.1%
Q3 25
2.3%
2.3%
Q2 25
4.1%
1.0%
Q1 25
6.8%
0.6%
Q4 24
28.0%
11.9%
Q3 24
45.7%
2.0%
Q2 24
0.3%
Q1 24
8.7%
Cash Conversion
IBRX
IBRX
PDLB
PDLB
Q4 25
5.48×
Q3 25
0.21×
Q2 25
1.01×
Q1 25
2.20×
Q4 24
2.46×
Q3 24
-5.99×
Q2 24
-0.80×
Q1 24
0.61×

Financial Flow Comparison

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

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