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Side-by-side financial comparison of ImmunityBio, Inc. (IBRX) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.

ImmunityBio, Inc. is the larger business by last-quarter revenue ($38.3M vs $30.3M, roughly 1.3× SYPRIS SOLUTIONS INC). SYPRIS SOLUTIONS INC runs the higher net margin — -12.9% vs -161.8%, a 148.9% gap on every dollar of revenue. On growth, ImmunityBio, Inc. posted the faster year-over-year revenue change (407.0% vs -9.5%). SYPRIS SOLUTIONS INC produced more free cash flow last quarter ($-1.5M 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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

IBRX vs SYPR — Head-to-Head

Bigger by revenue
IBRX
IBRX
1.3× larger
IBRX
$38.3M
$30.3M
SYPR
Growing faster (revenue YoY)
IBRX
IBRX
+416.4% gap
IBRX
407.0%
-9.5%
SYPR
Higher net margin
SYPR
SYPR
148.9% more per $
SYPR
-12.9%
-161.8%
IBRX
More free cash flow
SYPR
SYPR
$69.8M more FCF
SYPR
$-1.5M
$-71.3M
IBRX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IBRX
IBRX
SYPR
SYPR
Revenue
$38.3M
$30.3M
Net Profit
$-61.9M
$-3.9M
Gross Margin
99.0%
4.6%
Operating Margin
-169.0%
-10.9%
Net Margin
-161.8%
-12.9%
Revenue YoY
407.0%
-9.5%
Net Profit YoY
-4.7%
-2992.6%
EPS (diluted)
$-0.06
$-0.17

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
SYPR
SYPR
Q4 25
$38.3M
$30.3M
Q3 25
$32.1M
$28.7M
Q2 25
$26.4M
$31.4M
Q1 25
$16.5M
$29.5M
Q4 24
$7.6M
$33.4M
Q3 24
$6.1M
$35.7M
Q2 24
$35.5M
Q1 24
$35.6M
Net Profit
IBRX
IBRX
SYPR
SYPR
Q4 25
$-61.9M
$-3.9M
Q3 25
$-67.3M
$517.0K
Q2 25
$-92.6M
$-2.1M
Q1 25
$-129.6M
$-899.0K
Q4 24
$-59.2M
$135.0K
Q3 24
$-85.7M
$390.0K
Q2 24
$16.0K
Q1 24
$-2.2M
Gross Margin
IBRX
IBRX
SYPR
SYPR
Q4 25
99.0%
4.6%
Q3 25
99.4%
7.2%
Q2 25
99.5%
8.2%
Q1 25
99.6%
11.4%
Q4 24
16.1%
Q3 24
16.8%
Q2 24
15.9%
Q1 24
8.1%
Operating Margin
IBRX
IBRX
SYPR
SYPR
Q4 25
-169.0%
-10.9%
Q3 25
-173.5%
-6.1%
Q2 25
-269.8%
-4.6%
Q1 25
-390.1%
-0.4%
Q4 24
-919.0%
3.9%
Q3 24
-1314.3%
4.8%
Q2 24
3.6%
Q1 24
-3.9%
Net Margin
IBRX
IBRX
SYPR
SYPR
Q4 25
-161.8%
-12.9%
Q3 25
-209.8%
1.8%
Q2 25
-350.3%
-6.5%
Q1 25
-784.9%
-3.0%
Q4 24
-783.4%
0.4%
Q3 24
-1404.0%
1.1%
Q2 24
0.0%
Q1 24
-6.2%
EPS (diluted)
IBRX
IBRX
SYPR
SYPR
Q4 25
$-0.06
$-0.17
Q3 25
$-0.07
$0.02
Q2 25
$-0.10
$-0.09
Q1 25
$-0.15
$-0.04
Q4 24
$-0.08
$0.00
Q3 24
$-0.14
$0.02
Q2 24
$0.00
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
IBRX
IBRX
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
$242.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-500.5M
$17.8M
Total Assets
$501.9M
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBRX
IBRX
SYPR
SYPR
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
Stockholders' Equity
IBRX
IBRX
SYPR
SYPR
Q4 25
$-500.5M
$17.8M
Q3 25
$-524.3M
$20.0M
Q2 25
$-570.7M
$18.7M
Q1 25
$-591.4M
$19.0M
Q4 24
$-489.1M
$19.6M
Q3 24
$-745.1M
$18.2M
Q2 24
$19.0M
Q1 24
$20.8M
Total Assets
IBRX
IBRX
SYPR
SYPR
Q4 25
$501.9M
$107.8M
Q3 25
$519.0M
$112.5M
Q2 25
$402.1M
$105.8M
Q1 25
$303.8M
$110.2M
Q4 24
$382.9M
$119.4M
Q3 24
$364.6M
$121.6M
Q2 24
$124.2M
Q1 24
$129.0M

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
SYPR
SYPR
Operating Cash FlowLast quarter
$-70.4M
$-1.1M
Free Cash FlowOCF − Capex
$-71.3M
$-1.5M
FCF MarginFCF / Revenue
-186.2%
-5.0%
Capex IntensityCapex / Revenue
2.4%
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-308.8M
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBRX
IBRX
SYPR
SYPR
Q4 25
$-70.4M
$-1.1M
Q3 25
$-68.9M
$-178.0K
Q2 25
$-79.7M
$1.1M
Q1 25
$-85.9M
$-5.5M
Q4 24
$-85.1M
$2.3M
Q3 24
$-98.8M
$-4.8M
Q2 24
$6.2M
Q1 24
$-1.7M
Free Cash Flow
IBRX
IBRX
SYPR
SYPR
Q4 25
$-71.3M
$-1.5M
Q3 25
$-69.6M
$-390.0K
Q2 25
$-80.8M
$941.0K
Q1 25
$-87.0M
$-5.5M
Q4 24
$-87.3M
$1.9M
Q3 24
$-101.6M
$-4.9M
Q2 24
$6.0M
Q1 24
$-2.0M
FCF Margin
IBRX
IBRX
SYPR
SYPR
Q4 25
-186.2%
-5.0%
Q3 25
-217.2%
-1.4%
Q2 25
-305.9%
3.0%
Q1 25
-526.9%
-18.8%
Q4 24
-1155.4%
5.7%
Q3 24
-1663.2%
-13.8%
Q2 24
16.8%
Q1 24
-5.7%
Capex Intensity
IBRX
IBRX
SYPR
SYPR
Q4 25
2.4%
1.3%
Q3 25
2.3%
0.7%
Q2 25
4.1%
0.5%
Q1 25
6.8%
0.0%
Q4 24
28.0%
1.2%
Q3 24
45.7%
0.4%
Q2 24
0.5%
Q1 24
0.9%
Cash Conversion
IBRX
IBRX
SYPR
SYPR
Q4 25
Q3 25
-0.34×
Q2 25
Q1 25
Q4 24
17.13×
Q3 24
-12.21×
Q2 24
385.25×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

IBRX
IBRX

Segment breakdown not available.

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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