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Side-by-side financial comparison of IOVANCE BIOTHERAPEUTICS, INC. (IOVA) and MidWestOne Financial Group, Inc. (MOFG). Click either name above to swap in a different company.

IOVANCE BIOTHERAPEUTICS, INC. is the larger business by last-quarter revenue ($86.8M vs $61.3M, roughly 1.4× MidWestOne Financial Group, Inc.). On growth, MidWestOne Financial Group, Inc. posted the faster year-over-year revenue change (35.9% vs 17.7%). MidWestOne Financial Group, Inc. produced more free cash flow last quarter ($16.7M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 37.2%).

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

MidWestOne Financial Group, Inc. is a bank holding company headquartered in Iowa City, Iowa. The bank operates 56 branches. It is the 3rd largest bank headquartered in Iowa. It operates in Iowa, Minnesota, Wisconsin, Colorado, and Florida.

IOVA vs MOFG — Head-to-Head

Bigger by revenue
IOVA
IOVA
1.4× larger
IOVA
$86.8M
$61.3M
MOFG
Growing faster (revenue YoY)
MOFG
MOFG
+18.2% gap
MOFG
35.9%
17.7%
IOVA
More free cash flow
MOFG
MOFG
$78.6M more FCF
MOFG
$16.7M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
37.2%
MOFG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IOVA
IOVA
MOFG
MOFG
Revenue
$86.8M
$61.3M
Net Profit
$17.0M
Gross Margin
67.4%
Operating Margin
-84.7%
35.1%
Net Margin
27.8%
Revenue YoY
17.7%
35.9%
Net Profit YoY
117.8%
EPS (diluted)
$0.82

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
MOFG
MOFG
Q4 25
$86.8M
Q3 25
$67.5M
$61.3M
Q2 25
$60.0M
$60.2M
Q1 25
$49.3M
$57.6M
Q4 24
$73.7M
$48.9M
Q3 24
$58.6M
$37.5M
Q2 24
$31.1M
$57.9M
Q1 24
$715.0K
$44.5M
Net Profit
IOVA
IOVA
MOFG
MOFG
Q4 25
Q3 25
$-91.3M
$17.0M
Q2 25
$-111.7M
$10.0M
Q1 25
$-116.2M
$15.1M
Q4 24
$16.3M
Q3 24
$-83.5M
$-95.7M
Q2 24
$-97.1M
$15.8M
Q1 24
$-113.0M
$3.3M
Gross Margin
IOVA
IOVA
MOFG
MOFG
Q4 25
67.4%
Q3 25
43.0%
Q2 25
5.5%
Q1 25
-0.8%
Q4 24
68.7%
Q3 24
46.2%
Q2 24
-0.8%
Q1 24
Operating Margin
IOVA
IOVA
MOFG
MOFG
Q4 25
-84.7%
Q3 25
-140.7%
35.1%
Q2 25
-189.8%
20.9%
Q1 25
-245.8%
34.0%
Q4 24
-117.5%
43.1%
Q3 24
-152.1%
-347.0%
Q2 24
-327.6%
36.0%
Q1 24
-16464.6%
9.5%
Net Margin
IOVA
IOVA
MOFG
MOFG
Q4 25
Q3 25
-135.3%
27.8%
Q2 25
-186.2%
16.6%
Q1 25
-235.5%
26.3%
Q4 24
33.4%
Q3 24
-142.7%
-255.1%
Q2 24
-312.2%
27.3%
Q1 24
-15800.8%
7.3%
EPS (diluted)
IOVA
IOVA
MOFG
MOFG
Q4 25
Q3 25
$0.82
Q2 25
$-0.33
$0.48
Q1 25
$-0.36
$0.73
Q4 24
$-0.24
$1.30
Q3 24
$-0.28
$-6.05
Q2 24
$-0.34
$1.00
Q1 24
$-0.42
$0.21

Balance Sheet & Financial Strength

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

Metric
IOVA
IOVA
MOFG
MOFG
Cash + ST InvestmentsLiquidity on hand
$297.0M
Total DebtLower is stronger
$98.0M
Stockholders' EquityBook value
$698.6M
$606.1M
Total Assets
$913.2M
$6.2B
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOVA
IOVA
MOFG
MOFG
Q4 25
$297.0M
Q3 25
$300.8M
Q2 25
$301.2M
Q1 25
$359.7M
Q4 24
$323.8M
Q3 24
$397.5M
Q2 24
$412.5M
Q1 24
$356.2M
Total Debt
IOVA
IOVA
MOFG
MOFG
Q4 25
Q3 25
$98.0M
Q2 25
$112.3M
Q1 25
$111.4M
Q4 24
$113.4M
Q3 24
$115.1M
Q2 24
$114.8M
Q1 24
$122.1M
Stockholders' Equity
IOVA
IOVA
MOFG
MOFG
Q4 25
$698.6M
Q3 25
$702.3M
$606.1M
Q2 25
$698.5M
$589.0M
Q1 25
$767.9M
$579.6M
Q4 24
$710.4M
$559.7M
Q3 24
$773.5M
$562.2M
Q2 24
$768.5M
$543.3M
Q1 24
$680.0M
$528.0M
Total Assets
IOVA
IOVA
MOFG
MOFG
Q4 25
$913.2M
Q3 25
$904.9M
$6.2B
Q2 25
$907.4M
$6.2B
Q1 25
$966.7M
$6.3B
Q4 24
$910.4M
$6.2B
Q3 24
$991.1M
$6.6B
Q2 24
$964.3M
$6.6B
Q1 24
$869.8M
$6.7B
Debt / Equity
IOVA
IOVA
MOFG
MOFG
Q4 25
Q3 25
0.16×
Q2 25
0.19×
Q1 25
0.19×
Q4 24
0.20×
Q3 24
0.20×
Q2 24
0.21×
Q1 24
0.23×

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
MOFG
MOFG
Operating Cash FlowLast quarter
$-52.6M
$17.7M
Free Cash FlowOCF − Capex
$-61.9M
$16.7M
FCF MarginFCF / Revenue
-71.3%
27.3%
Capex IntensityCapex / Revenue
10.7%
1.5%
Cash ConversionOCF / Net Profit
1.04×
TTM Free Cash FlowTrailing 4 quarters
$-336.2M
$109.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOVA
IOVA
MOFG
MOFG
Q4 25
$-52.6M
Q3 25
$-78.7M
$17.7M
Q2 25
$-67.4M
$24.9M
Q1 25
$-103.7M
$8.7M
Q4 24
$-73.3M
$63.2M
Q3 24
$-59.0M
$-2.8M
Q2 24
$-98.4M
$25.2M
Q1 24
$-122.3M
$9.6M
Free Cash Flow
IOVA
IOVA
MOFG
MOFG
Q4 25
$-61.9M
Q3 25
$-89.5M
$16.7M
Q2 25
$-74.9M
$23.8M
Q1 25
$-109.9M
$8.3M
Q4 24
$-77.5M
$60.8M
Q3 24
$-61.3M
$-3.0M
Q2 24
$-98.9M
$24.6M
Q1 24
$-126.5M
$9.1M
FCF Margin
IOVA
IOVA
MOFG
MOFG
Q4 25
-71.3%
Q3 25
-132.7%
27.3%
Q2 25
-124.9%
39.5%
Q1 25
-222.8%
14.4%
Q4 24
-105.1%
124.2%
Q3 24
-104.6%
-7.9%
Q2 24
-317.9%
42.5%
Q1 24
-17685.3%
20.4%
Capex Intensity
IOVA
IOVA
MOFG
MOFG
Q4 25
10.7%
Q3 25
16.1%
1.5%
Q2 25
12.4%
1.9%
Q1 25
12.6%
0.7%
Q4 24
5.7%
4.9%
Q3 24
3.9%
0.6%
Q2 24
1.4%
1.1%
Q1 24
583.4%
1.2%
Cash Conversion
IOVA
IOVA
MOFG
MOFG
Q4 25
Q3 25
1.04×
Q2 25
2.50×
Q1 25
0.57×
Q4 24
3.87×
Q3 24
Q2 24
1.60×
Q1 24
2.93×

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%

MOFG
MOFG

Segment breakdown not available.

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