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Side-by-side financial comparison of ImmunityBio, Inc. (IBRX) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
ImmunityBio, Inc. is the larger business by last-quarter revenue ($38.3M vs $36.5M, roughly 1.0× SmartRent, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -161.8%, a 152.9% gap on every dollar of revenue. On growth, ImmunityBio, Inc. posted the faster year-over-year revenue change (407.0% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M 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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
IBRX vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.3M | $36.5M |
| Net Profit | $-61.9M | $-3.2M |
| Gross Margin | 99.0% | 38.6% |
| Operating Margin | -169.0% | -10.9% |
| Net Margin | -161.8% | -8.9% |
| Revenue YoY | 407.0% | 3.1% |
| Net Profit YoY | -4.7% | 71.6% |
| EPS (diluted) | $-0.06 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $32.1M | $36.2M | ||
| Q2 25 | $26.4M | $38.3M | ||
| Q1 25 | $16.5M | $41.3M | ||
| Q4 24 | $7.6M | $35.4M | ||
| Q3 24 | $6.1M | $40.5M | ||
| Q2 24 | — | $48.5M | ||
| Q1 24 | — | $50.5M |
| Q4 25 | $-61.9M | $-3.2M | ||
| Q3 25 | $-67.3M | $-6.3M | ||
| Q2 25 | $-92.6M | $-10.9M | ||
| Q1 25 | $-129.6M | $-40.2M | ||
| Q4 24 | $-59.2M | $-11.4M | ||
| Q3 24 | $-85.7M | $-9.9M | ||
| Q2 24 | — | $-4.6M | ||
| Q1 24 | — | $-7.7M |
| Q4 25 | 99.0% | 38.6% | ||
| Q3 25 | 99.4% | 26.4% | ||
| Q2 25 | 99.5% | 33.1% | ||
| Q1 25 | 99.6% | 32.8% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | -169.0% | -10.9% | ||
| Q3 25 | -173.5% | -19.4% | ||
| Q2 25 | -269.8% | -30.5% | ||
| Q1 25 | -390.1% | -99.9% | ||
| Q4 24 | -919.0% | -36.6% | ||
| Q3 24 | -1314.3% | -29.0% | ||
| Q2 24 | — | -14.3% | ||
| Q1 24 | — | -20.1% |
| Q4 25 | -161.8% | -8.9% | ||
| Q3 25 | -209.8% | -17.3% | ||
| Q2 25 | -350.3% | -28.3% | ||
| Q1 25 | -784.9% | -97.2% | ||
| Q4 24 | -783.4% | -32.3% | ||
| Q3 24 | -1404.0% | -24.5% | ||
| Q2 24 | — | -9.5% | ||
| Q1 24 | — | -15.2% |
| Q4 25 | $-0.06 | $-0.02 | ||
| Q3 25 | $-0.07 | $-0.03 | ||
| Q2 25 | $-0.10 | $-0.06 | ||
| Q1 25 | $-0.15 | $-0.21 | ||
| Q4 24 | $-0.08 | $-0.06 | ||
| Q3 24 | $-0.14 | $-0.05 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-500.5M | $232.1M |
| Total Assets | $501.9M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.8M | $104.5M | ||
| Q3 25 | $257.8M | $100.0M | ||
| Q2 25 | $153.7M | $105.0M | ||
| Q1 25 | $61.6M | $125.6M | ||
| Q4 24 | $149.8M | $142.5M | ||
| Q3 24 | $130.4M | $163.4M | ||
| Q2 24 | — | $187.4M | ||
| Q1 24 | — | $204.7M |
| Q4 25 | $-500.5M | $232.1M | ||
| Q3 25 | $-524.3M | $234.4M | ||
| Q2 25 | $-570.7M | $238.8M | ||
| Q1 25 | $-591.4M | $250.7M | ||
| Q4 24 | $-489.1M | $289.4M | ||
| Q3 24 | $-745.1M | $305.1M | ||
| Q2 24 | — | $329.4M | ||
| Q1 24 | — | $333.1M |
| Q4 25 | $501.9M | $320.9M | ||
| Q3 25 | $519.0M | $335.8M | ||
| Q2 25 | $402.1M | $354.0M | ||
| Q1 25 | $303.8M | $366.1M | ||
| Q4 24 | $382.9M | $420.2M | ||
| Q3 24 | $364.6M | $448.6M | ||
| Q2 24 | — | $475.3M | ||
| Q1 24 | — | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $-71.3M | $7.7M |
| FCF MarginFCF / Revenue | -186.2% | 21.0% |
| Capex IntensityCapex / Revenue | 2.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-308.8M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-70.4M | $7.7M | ||
| Q3 25 | $-68.9M | $-2.1M | ||
| Q2 25 | $-79.7M | $-14.9M | ||
| Q1 25 | $-85.9M | $-12.2M | ||
| Q4 24 | $-85.1M | $-12.0M | ||
| Q3 24 | $-98.8M | $-3.7M | ||
| Q2 24 | — | $-13.9M | ||
| Q1 24 | — | $-3.3M |
| Q4 25 | $-71.3M | $7.7M | ||
| Q3 25 | $-69.6M | $-2.2M | ||
| Q2 25 | $-80.8M | $-16.2M | ||
| Q1 25 | $-87.0M | $-14.3M | ||
| Q4 24 | $-87.3M | $-13.3M | ||
| Q3 24 | $-101.6M | $-3.9M | ||
| Q2 24 | — | $-14.1M | ||
| Q1 24 | — | $-3.4M |
| Q4 25 | -186.2% | 21.0% | ||
| Q3 25 | -217.2% | -6.1% | ||
| Q2 25 | -305.9% | -42.3% | ||
| Q1 25 | -526.9% | -34.7% | ||
| Q4 24 | -1155.4% | -37.5% | ||
| Q3 24 | -1663.2% | -9.7% | ||
| Q2 24 | — | -29.1% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | 2.4% | 0.0% | ||
| Q3 25 | 2.3% | 0.2% | ||
| Q2 25 | 4.1% | 3.3% | ||
| Q1 25 | 6.8% | 5.3% | ||
| Q4 24 | 28.0% | 3.5% | ||
| Q3 24 | 45.7% | 0.6% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IBRX
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
