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Side-by-side financial comparison of IOVANCE BIOTHERAPEUTICS, INC. (IOVA) and LXP Industrial Trust (LXP). Click either name above to swap in a different company.
IOVANCE BIOTHERAPEUTICS, INC. is the larger business by last-quarter revenue ($86.8M vs $86.7M, roughly 1.0× LXP Industrial Trust). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs -14.0%). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 0.3%).
Iovance Biotherapeutics, Inc. is a biopharmaceutical startup based in San Carlos, California. The company works to develop tumor-infiltrating lymphocyte (TIL) therapies against cancer.
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
IOVA vs LXP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.8M | $86.7M |
| Net Profit | — | $28.8M |
| Gross Margin | 67.4% | 81.5% |
| Operating Margin | -84.7% | 34.6% |
| Net Margin | — | 33.2% |
| Revenue YoY | 17.7% | -14.0% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
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 | $86.8M | $86.7M | ||
| Q3 25 | $67.5M | $86.9M | ||
| Q2 25 | $60.0M | $87.7M | ||
| Q1 25 | $49.3M | $88.9M | ||
| Q4 24 | $73.7M | $100.9M | ||
| Q3 24 | $58.6M | $85.6M | ||
| Q2 24 | $31.1M | $85.8M | ||
| Q1 24 | $715.0K | $86.3M |
| Q4 25 | — | $28.8M | ||
| Q3 25 | $-91.3M | $36.3M | ||
| Q2 25 | $-111.7M | $29.1M | ||
| Q1 25 | $-116.2M | $19.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-83.5M | $6.3M | ||
| Q2 24 | $-97.1M | $5.4M | ||
| Q1 24 | $-113.0M | $-269.0K |
| Q4 25 | 67.4% | 81.5% | ||
| Q3 25 | 43.0% | 82.3% | ||
| Q2 25 | 5.5% | 81.9% | ||
| Q1 25 | -0.8% | 80.7% | ||
| Q4 24 | 68.7% | 85.3% | ||
| Q3 24 | 46.2% | 82.5% | ||
| Q2 24 | -0.8% | 82.0% | ||
| Q1 24 | — | 82.4% |
| Q4 25 | -84.7% | 34.6% | ||
| Q3 25 | -140.7% | 50.4% | ||
| Q2 25 | -189.8% | 33.7% | ||
| Q1 25 | -245.8% | 21.8% | ||
| Q4 24 | -117.5% | — | ||
| Q3 24 | -152.1% | 7.9% | ||
| Q2 24 | -327.6% | 6.9% | ||
| Q1 24 | -16464.6% | 1.0% |
| Q4 25 | — | 33.2% | ||
| Q3 25 | -135.3% | 41.7% | ||
| Q2 25 | -186.2% | 33.2% | ||
| Q1 25 | -235.5% | 21.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | -142.7% | 7.4% | ||
| Q2 24 | -312.2% | 6.3% | ||
| Q1 24 | -15800.8% | -0.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | $-0.33 | $0.09 | ||
| Q1 25 | $-0.36 | $0.06 | ||
| Q4 24 | $-0.24 | — | ||
| Q3 24 | $-0.28 | $0.02 | ||
| Q2 24 | $-0.34 | $0.01 | ||
| Q1 24 | $-0.42 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $297.0M | $170.4M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $698.6M | $2.0B |
| Total Assets | $913.2M | $3.5B |
| Debt / EquityLower = less leverage | — | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $297.0M | $170.4M | ||
| Q3 25 | $300.8M | $229.7M | ||
| Q2 25 | $301.2M | $71.0M | ||
| Q1 25 | $359.7M | $70.9M | ||
| Q4 24 | $323.8M | $101.8M | ||
| Q3 24 | $397.5M | $55.0M | ||
| Q2 24 | $412.5M | $48.7M | ||
| Q1 24 | $356.2M | $293.8M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $698.6M | $2.0B | ||
| Q3 25 | $702.3M | $2.1B | ||
| Q2 25 | $698.5M | $2.1B | ||
| Q1 25 | $767.9M | $2.1B | ||
| Q4 24 | $710.4M | $2.1B | ||
| Q3 24 | $773.5M | $2.1B | ||
| Q2 24 | $768.5M | $2.1B | ||
| Q1 24 | $680.0M | $2.2B |
| Q4 25 | $913.2M | $3.5B | ||
| Q3 25 | $904.9M | $3.7B | ||
| Q2 25 | $907.4M | $3.7B | ||
| Q1 25 | $966.7M | $3.8B | ||
| Q4 24 | $910.4M | $3.8B | ||
| Q3 24 | $991.1M | $3.9B | ||
| Q2 24 | $964.3M | $3.9B | ||
| Q1 24 | $869.8M | $4.2B |
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 0.75× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-52.6M | $188.7M |
| Free Cash FlowOCF − Capex | $-61.9M | — |
| FCF MarginFCF / Revenue | -71.3% | — |
| Capex IntensityCapex / Revenue | 10.7% | — |
| Cash ConversionOCF / Net Profit | — | 6.56× |
| TTM Free Cash FlowTrailing 4 quarters | $-336.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-52.6M | $188.7M | ||
| Q3 25 | $-78.7M | $63.5M | ||
| Q2 25 | $-67.4M | $44.3M | ||
| Q1 25 | $-103.7M | $39.0M | ||
| Q4 24 | $-73.3M | $211.2M | ||
| Q3 24 | $-59.0M | $64.6M | ||
| Q2 24 | $-98.4M | $38.5M | ||
| Q1 24 | $-122.3M | $38.9M |
| Q4 25 | $-61.9M | — | ||
| Q3 25 | $-89.5M | — | ||
| Q2 25 | $-74.9M | — | ||
| Q1 25 | $-109.9M | — | ||
| Q4 24 | $-77.5M | — | ||
| Q3 24 | $-61.3M | — | ||
| Q2 24 | $-98.9M | — | ||
| Q1 24 | $-126.5M | — |
| Q4 25 | -71.3% | — | ||
| Q3 25 | -132.7% | — | ||
| Q2 25 | -124.9% | — | ||
| Q1 25 | -222.8% | — | ||
| Q4 24 | -105.1% | — | ||
| Q3 24 | -104.6% | — | ||
| Q2 24 | -317.9% | — | ||
| Q1 24 | -17685.3% | — |
| Q4 25 | 10.7% | — | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | 12.4% | — | ||
| Q1 25 | 12.6% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 583.4% | — |
| Q4 25 | — | 6.56× | ||
| Q3 25 | — | 1.75× | ||
| Q2 25 | — | 1.52× | ||
| Q1 25 | — | 2.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.18× | ||
| Q2 24 | — | 7.09× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IOVA
| Amtagvi | $64.9M | 75% |
| Proleukin | $21.9M | 25% |
LXP
Segment breakdown not available.
