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Side-by-side financial comparison of ImmunityBio, Inc. (IBRX) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.
Plymouth Industrial REIT, Inc. is the larger business by last-quarter revenue ($51.2M vs $38.3M, roughly 1.3× ImmunityBio, Inc.). Plymouth Industrial REIT, Inc. runs the higher net margin — -106.3% vs -161.8%, a 55.5% gap on every dollar of revenue. On growth, ImmunityBio, Inc. posted the faster year-over-year revenue change (407.0% vs -1.4%).
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.
Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.
IBRX vs PLYM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | ||
|---|---|---|
| Revenue | $38.3M | $51.2M |
| Net Profit | $-61.9M | $-54.4M |
| Gross Margin | 99.0% | — |
| Operating Margin | -169.0% | -102.5% |
| Net Margin | -161.8% | -106.3% |
| Revenue YoY | 407.0% | -1.4% |
| Net Profit YoY | -4.7% | -248.5% |
| EPS (diluted) | $-0.06 | $-1.23 |
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 | — | ||
| Q3 25 | $32.1M | $51.2M | ||
| Q2 25 | $26.4M | $47.2M | ||
| Q1 25 | $16.5M | $45.6M | ||
| Q4 24 | $7.6M | $47.6M | ||
| Q3 24 | $6.1M | $51.9M | ||
| Q2 24 | — | $48.7M | ||
| Q1 24 | — | $50.2M |
| Q4 25 | $-61.9M | — | ||
| Q3 25 | $-67.3M | $-54.4M | ||
| Q2 25 | $-92.6M | $-6.1M | ||
| Q1 25 | $-129.6M | $5.8M | ||
| Q4 24 | $-59.2M | $147.4M | ||
| Q3 24 | $-85.7M | $-15.6M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $6.2M |
| 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% | — | ||
| Q3 25 | -173.5% | -102.5% | ||
| Q2 25 | -269.8% | -10.3% | ||
| Q1 25 | -390.1% | — | ||
| Q4 24 | -919.0% | — | ||
| Q3 24 | -1314.3% | -29.6% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | — |
| Q4 25 | -161.8% | — | ||
| Q3 25 | -209.8% | -106.3% | ||
| Q2 25 | -350.3% | -12.9% | ||
| Q1 25 | -784.9% | 12.8% | ||
| Q4 24 | -783.4% | 309.9% | ||
| Q3 24 | -1404.0% | -30.1% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 12.4% |
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $-0.07 | $-1.23 | ||
| Q2 25 | $-0.10 | $-0.14 | ||
| Q1 25 | $-0.15 | $0.13 | ||
| Q4 24 | $-0.08 | $3.24 | ||
| Q3 24 | $-0.14 | $-0.35 | ||
| Q2 24 | — | $0.03 | ||
| Q1 24 | — | $0.14 |
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 | $470.1M |
| Total Assets | $501.9M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-500.5M | — | ||
| Q3 25 | $-524.3M | $470.1M | ||
| Q2 25 | $-570.7M | $539.6M | ||
| Q1 25 | $-591.4M | $571.0M | ||
| Q4 24 | $-489.1M | $579.5M | ||
| Q3 24 | $-745.1M | $436.5M | ||
| Q2 24 | — | $475.2M | ||
| Q1 24 | — | $484.6M |
| Q4 25 | $501.9M | — | ||
| Q3 25 | $519.0M | $1.6B | ||
| Q2 25 | $402.1M | $1.6B | ||
| Q1 25 | $303.8M | $1.4B | ||
| Q4 24 | $382.9M | $1.4B | ||
| Q3 24 | $364.6M | $1.5B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $20.0M |
| 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 | — | ||
| Q3 25 | $-68.9M | $20.0M | ||
| Q2 25 | $-79.7M | $23.4M | ||
| Q1 25 | $-85.9M | $15.6M | ||
| Q4 24 | $-85.1M | $96.1M | ||
| Q3 24 | $-98.8M | $17.6M | ||
| Q2 24 | — | $19.9M | ||
| Q1 24 | — | $16.6M |
| 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 | — | — | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 15.12× | ||
| Q1 24 | — | 2.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.