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Side-by-side financial comparison of ImmunityBio, Inc. (IBRX) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.

Vitesse Energy, Inc. is the larger business by last-quarter revenue ($58.6M vs $38.3M, roughly 1.5× ImmunityBio, Inc.). Vitesse Energy, Inc. runs the higher net margin — -1.3% vs -161.8%, a 160.5% gap on every dollar of revenue. On growth, ImmunityBio, Inc. posted the faster year-over-year revenue change (407.0% vs 4.8%).

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.

Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.

IBRX vs VTS — Head-to-Head

Bigger by revenue
VTS
VTS
1.5× larger
VTS
$58.6M
$38.3M
IBRX
Growing faster (revenue YoY)
IBRX
IBRX
+402.1% gap
IBRX
407.0%
4.8%
VTS
Higher net margin
VTS
VTS
160.5% more per $
VTS
-1.3%
-161.8%
IBRX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IBRX
IBRX
VTS
VTS
Revenue
$38.3M
$58.6M
Net Profit
$-61.9M
$-739.0K
Gross Margin
99.0%
Operating Margin
-169.0%
-12.0%
Net Margin
-161.8%
-1.3%
Revenue YoY
407.0%
4.8%
Net Profit YoY
-4.7%
85.6%
EPS (diluted)
$-0.06
$-0.01

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
VTS
VTS
Q4 25
$38.3M
$58.6M
Q3 25
$32.1M
$67.4M
Q2 25
$26.4M
$81.8M
Q1 25
$16.5M
$66.2M
Q4 24
$7.6M
$55.9M
Q3 24
$6.1M
$58.3M
Q2 24
$66.6M
Q1 24
$61.2M
Net Profit
IBRX
IBRX
VTS
VTS
Q4 25
$-61.9M
$-739.0K
Q3 25
$-67.3M
$-1.3M
Q2 25
$-92.6M
$24.7M
Q1 25
$-129.6M
$2.7M
Q4 24
$-59.2M
$-5.1M
Q3 24
$-85.7M
$17.4M
Q2 24
$10.9M
Q1 24
$-2.2M
Gross Margin
IBRX
IBRX
VTS
VTS
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
VTS
VTS
Q4 25
-169.0%
-12.0%
Q3 25
-173.5%
0.2%
Q2 25
-269.8%
22.8%
Q1 25
-390.1%
8.1%
Q4 24
-919.0%
3.7%
Q3 24
-1314.3%
15.4%
Q2 24
25.2%
Q1 24
21.4%
Net Margin
IBRX
IBRX
VTS
VTS
Q4 25
-161.8%
-1.3%
Q3 25
-209.8%
-1.9%
Q2 25
-350.3%
30.2%
Q1 25
-784.9%
4.0%
Q4 24
-783.4%
-9.2%
Q3 24
-1404.0%
29.9%
Q2 24
16.4%
Q1 24
-3.6%
EPS (diluted)
IBRX
IBRX
VTS
VTS
Q4 25
$-0.06
$-0.01
Q3 25
$-0.07
$-0.03
Q2 25
$-0.10
$0.60
Q1 25
$-0.15
$0.08
Q4 24
$-0.08
$-0.15
Q3 24
$-0.14
$0.53
Q2 24
$0.33
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
IBRX
IBRX
VTS
VTS
Cash + ST InvestmentsLiquidity on hand
$242.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-500.5M
$629.3M
Total Assets
$501.9M
$893.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBRX
IBRX
VTS
VTS
Q4 25
$242.8M
Q3 25
$257.8M
Q2 25
$153.7M
Q1 25
$61.6M
$4.5M
Q4 24
$149.8M
$3.0M
Q3 24
$130.4M
Q2 24
Q1 24
Stockholders' Equity
IBRX
IBRX
VTS
VTS
Q4 25
$-500.5M
$629.3M
Q3 25
$-524.3M
$650.3M
Q2 25
$-570.7M
$671.9M
Q1 25
$-591.4M
$667.7M
Q4 24
$-489.1M
$500.3M
Q3 24
$-745.1M
$520.4M
Q2 24
$518.5M
Q1 24
$522.7M
Total Assets
IBRX
IBRX
VTS
VTS
Q4 25
$501.9M
$893.4M
Q3 25
$519.0M
$932.9M
Q2 25
$402.1M
$951.5M
Q1 25
$303.8M
$975.2M
Q4 24
$382.9M
$810.9M
Q3 24
$364.6M
$791.2M
Q2 24
$778.4M
Q1 24
$749.7M

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
VTS
VTS
Operating Cash FlowLast quarter
$-70.4M
$37.4M
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.

Operating Cash Flow
IBRX
IBRX
VTS
VTS
Q4 25
$-70.4M
$37.4M
Q3 25
$-68.9M
$49.4M
Q2 25
$-79.7M
$66.0M
Q1 25
$-85.9M
$17.5M
Q4 24
$-85.1M
$34.7M
Q3 24
$-98.8M
$45.7M
Q2 24
$35.2M
Q1 24
$39.4M
Free Cash Flow
IBRX
IBRX
VTS
VTS
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
FCF Margin
IBRX
IBRX
VTS
VTS
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
Capex Intensity
IBRX
IBRX
VTS
VTS
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
Cash Conversion
IBRX
IBRX
VTS
VTS
Q4 25
Q3 25
Q2 25
2.68×
Q1 25
6.56×
Q4 24
Q3 24
2.62×
Q2 24
3.22×
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.

VTS
VTS

Oil Reserves$54.5M93%
Natural Gas Reserves$4.2M7%

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