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Side-by-side financial comparison of IOVANCE BIOTHERAPEUTICS, INC. (IOVA) and Lovesac Co (LOVE). Click either name above to swap in a different company.

Lovesac Co is the larger business by last-quarter revenue ($150.2M vs $86.8M, roughly 1.7× IOVANCE BIOTHERAPEUTICS, INC.). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs 0.2%). Lovesac Co produced more free cash flow last quarter ($-10.2M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs -22.6%).

Iovance Biotherapeutics, Inc. is a biopharmaceutical startup based in San Carlos, California. The company works to develop tumor-infiltrating lymphocyte (TIL) therapies against cancer.

The Lovesac Company is an American furniture retailer, specializing in a patented modular furniture system called Sactionals. Sactionals consist of two combinable pieces, “Seats” and “Sides,” as well as custom-fit covers and associated accessories. Lovesac also sells Sacs, a bag seat filled with a proprietary foam mixture.

IOVA vs LOVE — Head-to-Head

Bigger by revenue
LOVE
LOVE
1.7× larger
LOVE
$150.2M
$86.8M
IOVA
Growing faster (revenue YoY)
IOVA
IOVA
+17.6% gap
IOVA
17.7%
0.2%
LOVE
More free cash flow
LOVE
LOVE
$51.7M more FCF
LOVE
$-10.2M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
-22.6%
LOVE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IOVA
IOVA
LOVE
LOVE
Revenue
$86.8M
$150.2M
Net Profit
$-10.6M
Gross Margin
67.4%
56.1%
Operating Margin
-84.7%
-10.5%
Net Margin
-7.0%
Revenue YoY
17.7%
0.2%
Net Profit YoY
-114.0%
EPS (diluted)
$-0.72

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
IOVA
IOVA
LOVE
LOVE
Q4 25
$86.8M
$150.2M
Q3 25
$67.5M
$160.5M
Q2 25
$60.0M
$138.4M
Q1 25
$49.3M
$241.5M
Q4 24
$73.7M
$149.9M
Q3 24
$58.6M
$156.6M
Q2 24
$31.1M
$132.6M
Q1 24
$715.0K
$250.5M
Net Profit
IOVA
IOVA
LOVE
LOVE
Q4 25
$-10.6M
Q3 25
$-91.3M
$-6.7M
Q2 25
$-111.7M
$-10.8M
Q1 25
$-116.2M
$35.3M
Q4 24
$-4.9M
Q3 24
$-83.5M
$-5.9M
Q2 24
$-97.1M
$-13.0M
Q1 24
$-113.0M
$31.0M
Gross Margin
IOVA
IOVA
LOVE
LOVE
Q4 25
67.4%
56.1%
Q3 25
43.0%
56.4%
Q2 25
5.5%
53.7%
Q1 25
-0.8%
60.4%
Q4 24
68.7%
58.5%
Q3 24
46.2%
59.0%
Q2 24
-0.8%
54.3%
Q1 24
59.7%
Operating Margin
IOVA
IOVA
LOVE
LOVE
Q4 25
-84.7%
-10.5%
Q3 25
-140.7%
-5.5%
Q2 25
-189.8%
-10.8%
Q1 25
-245.8%
19.7%
Q4 24
-117.5%
-5.2%
Q3 24
-152.1%
-5.3%
Q2 24
-327.6%
-13.5%
Q1 24
-16464.6%
16.1%
Net Margin
IOVA
IOVA
LOVE
LOVE
Q4 25
-7.0%
Q3 25
-135.3%
-4.1%
Q2 25
-186.2%
-7.8%
Q1 25
-235.5%
14.6%
Q4 24
-3.3%
Q3 24
-142.7%
-3.7%
Q2 24
-312.2%
-9.8%
Q1 24
-15800.8%
12.4%
EPS (diluted)
IOVA
IOVA
LOVE
LOVE
Q4 25
$-0.72
Q3 25
$-0.45
Q2 25
$-0.33
$-0.73
Q1 25
$-0.36
$2.22
Q4 24
$-0.24
$-0.32
Q3 24
$-0.28
$-0.38
Q2 24
$-0.34
$-0.83
Q1 24
$-0.42
$1.91

Balance Sheet & Financial Strength

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

Metric
IOVA
IOVA
LOVE
LOVE
Cash + ST InvestmentsLiquidity on hand
$297.0M
$23.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$698.6M
$189.3M
Total Assets
$913.2M
$495.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOVA
IOVA
LOVE
LOVE
Q4 25
$297.0M
$23.7M
Q3 25
$300.8M
$34.2M
Q2 25
$301.2M
$26.9M
Q1 25
$359.7M
$83.7M
Q4 24
$323.8M
$61.7M
Q3 24
$397.5M
$72.1M
Q2 24
$412.5M
$72.4M
Q1 24
$356.2M
$87.0M
Stockholders' Equity
IOVA
IOVA
LOVE
LOVE
Q4 25
$698.6M
$189.3M
Q3 25
$702.3M
$197.5M
Q2 25
$698.5M
$201.2M
Q1 25
$767.9M
$216.4M
Q4 24
$710.4M
$196.5M
Q3 24
$773.5M
$202.1M
Q2 24
$768.5M
$205.3M
Q1 24
$680.0M
$217.5M
Total Assets
IOVA
IOVA
LOVE
LOVE
Q4 25
$913.2M
$495.5M
Q3 25
$904.9M
$493.7M
Q2 25
$907.4M
$483.7M
Q1 25
$966.7M
$532.3M
Q4 24
$910.4M
$499.7M
Q3 24
$991.1M
$481.1M
Q2 24
$964.3M
$477.2M
Q1 24
$869.8M
$482.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IOVA
IOVA
LOVE
LOVE
Operating Cash FlowLast quarter
$-52.6M
$-4.9M
Free Cash FlowOCF − Capex
$-61.9M
$-10.2M
FCF MarginFCF / Revenue
-71.3%
-6.8%
Capex IntensityCapex / Revenue
10.7%
3.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-336.2M
$-13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOVA
IOVA
LOVE
LOVE
Q4 25
$-52.6M
$-4.9M
Q3 25
$-78.7M
$12.2M
Q2 25
$-67.4M
$-41.4M
Q1 25
$-103.7M
$44.0M
Q4 24
$-73.3M
$-4.2M
Q3 24
$-59.0M
$6.2M
Q2 24
$-98.4M
$-7.0M
Q1 24
$-122.3M
$56.3M
Free Cash Flow
IOVA
IOVA
LOVE
LOVE
Q4 25
$-61.9M
$-10.2M
Q3 25
$-89.5M
$7.8M
Q2 25
$-74.9M
$-50.0M
Q1 25
$-109.9M
$38.7M
Q4 24
$-77.5M
$-6.6M
Q3 24
$-61.3M
$119.0K
Q2 24
$-98.9M
$-14.3M
Q1 24
$-126.5M
$49.5M
FCF Margin
IOVA
IOVA
LOVE
LOVE
Q4 25
-71.3%
-6.8%
Q3 25
-132.7%
4.9%
Q2 25
-124.9%
-36.1%
Q1 25
-222.8%
16.0%
Q4 24
-105.1%
-4.4%
Q3 24
-104.6%
0.1%
Q2 24
-317.9%
-10.8%
Q1 24
-17685.3%
19.8%
Capex Intensity
IOVA
IOVA
LOVE
LOVE
Q4 25
10.7%
3.5%
Q3 25
16.1%
2.7%
Q2 25
12.4%
6.2%
Q1 25
12.6%
2.2%
Q4 24
5.7%
1.6%
Q3 24
3.9%
3.9%
Q2 24
1.4%
5.5%
Q1 24
583.4%
2.7%
Cash Conversion
IOVA
IOVA
LOVE
LOVE
Q4 25
Q3 25
Q2 25
Q1 25
1.25×
Q4 24
Q3 24
Q2 24
Q1 24
1.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

LOVE
LOVE

Showrooms$102.7M68%
Internet$37.3M25%
Other$10.2M7%

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