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

ImmunityBio, Inc. is the larger business by last-quarter revenue ($38.3M vs $35.3M, roughly 1.1× UNITY BANCORP INC). UNITY BANCORP INC runs the higher net margin — 43.9% vs -161.8%, a 205.7% gap on every dollar of revenue. On growth, ImmunityBio, Inc. posted the faster year-over-year revenue change (407.0% vs 24.2%). UNITY BANCORP INC produced more free cash flow last quarter ($44.3M 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.

Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.

IBRX vs UNTY — Head-to-Head

Bigger by revenue
IBRX
IBRX
1.1× larger
IBRX
$38.3M
$35.3M
UNTY
Growing faster (revenue YoY)
IBRX
IBRX
+382.8% gap
IBRX
407.0%
24.2%
UNTY
Higher net margin
UNTY
UNTY
205.7% more per $
UNTY
43.9%
-161.8%
IBRX
More free cash flow
UNTY
UNTY
$115.6M more FCF
UNTY
$44.3M
$-71.3M
IBRX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IBRX
IBRX
UNTY
UNTY
Revenue
$38.3M
$35.3M
Net Profit
$-61.9M
$15.5M
Gross Margin
99.0%
Operating Margin
-169.0%
55.8%
Net Margin
-161.8%
43.9%
Revenue YoY
407.0%
24.2%
Net Profit YoY
-4.7%
34.5%
EPS (diluted)
$-0.06
$1.52

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
UNTY
UNTY
Q4 25
$38.3M
$35.3M
Q3 25
$32.1M
$32.8M
Q2 25
$26.4M
$34.4M
Q1 25
$16.5M
$29.4M
Q4 24
$7.6M
$28.4M
Q3 24
$6.1M
$27.7M
Q2 24
$25.5M
Q1 24
$25.6M
Net Profit
IBRX
IBRX
UNTY
UNTY
Q4 25
$-61.9M
$15.5M
Q3 25
$-67.3M
$14.4M
Q2 25
$-92.6M
$16.5M
Q1 25
$-129.6M
$11.6M
Q4 24
$-59.2M
$11.5M
Q3 24
$-85.7M
$10.9M
Q2 24
$9.5M
Q1 24
$9.6M
Gross Margin
IBRX
IBRX
UNTY
UNTY
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
UNTY
UNTY
Q4 25
-169.0%
55.8%
Q3 25
-173.5%
57.5%
Q2 25
-269.8%
62.6%
Q1 25
-390.1%
52.6%
Q4 24
-919.0%
51.0%
Q3 24
-1314.3%
52.7%
Q2 24
49.3%
Q1 24
50.0%
Net Margin
IBRX
IBRX
UNTY
UNTY
Q4 25
-161.8%
43.9%
Q3 25
-209.8%
43.8%
Q2 25
-350.3%
48.0%
Q1 25
-784.9%
39.5%
Q4 24
-783.4%
40.5%
Q3 24
-1404.0%
39.4%
Q2 24
37.1%
Q1 24
37.5%
EPS (diluted)
IBRX
IBRX
UNTY
UNTY
Q4 25
$-0.06
$1.52
Q3 25
$-0.07
$1.41
Q2 25
$-0.10
$1.61
Q1 25
$-0.15
$1.13
Q4 24
$-0.08
$1.13
Q3 24
$-0.14
$1.07
Q2 24
$0.92
Q1 24
$0.94

Balance Sheet & Financial Strength

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

Metric
IBRX
IBRX
UNTY
UNTY
Cash + ST InvestmentsLiquidity on hand
$242.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-500.5M
$345.6M
Total Assets
$501.9M
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBRX
IBRX
UNTY
UNTY
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
Total Debt
IBRX
IBRX
UNTY
UNTY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$230.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IBRX
IBRX
UNTY
UNTY
Q4 25
$-500.5M
$345.6M
Q3 25
$-524.3M
$334.0M
Q2 25
$-570.7M
$319.8M
Q1 25
$-591.4M
$306.1M
Q4 24
$-489.1M
$295.6M
Q3 24
$-745.1M
$284.3M
Q2 24
$273.4M
Q1 24
$266.8M
Total Assets
IBRX
IBRX
UNTY
UNTY
Q4 25
$501.9M
$3.0B
Q3 25
$519.0M
$2.9B
Q2 25
$402.1M
$2.9B
Q1 25
$303.8M
$2.8B
Q4 24
$382.9M
$2.7B
Q3 24
$364.6M
$2.6B
Q2 24
$2.6B
Q1 24
$2.6B
Debt / Equity
IBRX
IBRX
UNTY
UNTY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.78×
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
IBRX
IBRX
UNTY
UNTY
Operating Cash FlowLast quarter
$-70.4M
$44.9M
Free Cash FlowOCF − Capex
$-71.3M
$44.3M
FCF MarginFCF / Revenue
-186.2%
125.7%
Capex IntensityCapex / Revenue
2.4%
1.6%
Cash ConversionOCF / Net Profit
2.90×
TTM Free Cash FlowTrailing 4 quarters
$-308.8M
$81.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBRX
IBRX
UNTY
UNTY
Q4 25
$-70.4M
$44.9M
Q3 25
$-68.9M
$45.5M
Q2 25
$-79.7M
$-25.3M
Q1 25
$-85.9M
$17.9M
Q4 24
$-85.1M
$48.0M
Q3 24
$-98.8M
$17.7M
Q2 24
$-8.4M
Q1 24
$15.8M
Free Cash Flow
IBRX
IBRX
UNTY
UNTY
Q4 25
$-71.3M
$44.3M
Q3 25
$-69.6M
$45.3M
Q2 25
$-80.8M
$-25.5M
Q1 25
$-87.0M
$17.6M
Q4 24
$-87.3M
$47.3M
Q3 24
$-101.6M
$17.5M
Q2 24
$-8.6M
Q1 24
$15.7M
FCF Margin
IBRX
IBRX
UNTY
UNTY
Q4 25
-186.2%
125.7%
Q3 25
-217.2%
138.1%
Q2 25
-305.9%
-74.2%
Q1 25
-526.9%
59.9%
Q4 24
-1155.4%
166.5%
Q3 24
-1663.2%
63.3%
Q2 24
-33.7%
Q1 24
61.4%
Capex Intensity
IBRX
IBRX
UNTY
UNTY
Q4 25
2.4%
1.6%
Q3 25
2.3%
0.7%
Q2 25
4.1%
0.5%
Q1 25
6.8%
1.0%
Q4 24
28.0%
2.4%
Q3 24
45.7%
0.5%
Q2 24
0.5%
Q1 24
0.3%
Cash Conversion
IBRX
IBRX
UNTY
UNTY
Q4 25
2.90×
Q3 25
3.16×
Q2 25
-1.54×
Q1 25
1.54×
Q4 24
4.17×
Q3 24
1.62×
Q2 24
-0.89×
Q1 24
1.64×

Financial Flow Comparison

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

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