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Side-by-side financial comparison of IOVANCE BIOTHERAPEUTICS, INC. (IOVA) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.

IOVANCE BIOTHERAPEUTICS, INC. is the larger business by last-quarter revenue ($86.8M vs $51.2M, roughly 1.7× Plymouth Industrial REIT, Inc.). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs -1.4%). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 0.4%).

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

Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.

IOVA vs PLYM — Head-to-Head

Bigger by revenue
IOVA
IOVA
1.7× larger
IOVA
$86.8M
$51.2M
PLYM
Growing faster (revenue YoY)
IOVA
IOVA
+19.1% gap
IOVA
17.7%
-1.4%
PLYM
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
0.4%
PLYM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IOVA
IOVA
PLYM
PLYM
Revenue
$86.8M
$51.2M
Net Profit
$-54.4M
Gross Margin
67.4%
Operating Margin
-84.7%
-102.5%
Net Margin
-106.3%
Revenue YoY
17.7%
-1.4%
Net Profit YoY
-248.5%
EPS (diluted)
$-1.23

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
PLYM
PLYM
Q4 25
$86.8M
Q3 25
$67.5M
$51.2M
Q2 25
$60.0M
$47.2M
Q1 25
$49.3M
$45.6M
Q4 24
$73.7M
$47.6M
Q3 24
$58.6M
$51.9M
Q2 24
$31.1M
$48.7M
Q1 24
$715.0K
$50.2M
Net Profit
IOVA
IOVA
PLYM
PLYM
Q4 25
Q3 25
$-91.3M
$-54.4M
Q2 25
$-111.7M
$-6.1M
Q1 25
$-116.2M
$5.8M
Q4 24
$147.4M
Q3 24
$-83.5M
$-15.6M
Q2 24
$-97.1M
$1.3M
Q1 24
$-113.0M
$6.2M
Gross Margin
IOVA
IOVA
PLYM
PLYM
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
PLYM
PLYM
Q4 25
-84.7%
Q3 25
-140.7%
-102.5%
Q2 25
-189.8%
-10.3%
Q1 25
-245.8%
Q4 24
-117.5%
Q3 24
-152.1%
-29.6%
Q2 24
-327.6%
2.7%
Q1 24
-16464.6%
Net Margin
IOVA
IOVA
PLYM
PLYM
Q4 25
Q3 25
-135.3%
-106.3%
Q2 25
-186.2%
-12.9%
Q1 25
-235.5%
12.8%
Q4 24
309.9%
Q3 24
-142.7%
-30.1%
Q2 24
-312.2%
2.7%
Q1 24
-15800.8%
12.4%
EPS (diluted)
IOVA
IOVA
PLYM
PLYM
Q4 25
Q3 25
$-1.23
Q2 25
$-0.33
$-0.14
Q1 25
$-0.36
$0.13
Q4 24
$-0.24
$3.24
Q3 24
$-0.28
$-0.35
Q2 24
$-0.34
$0.03
Q1 24
$-0.42
$0.14

Balance Sheet & Financial Strength

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

Metric
IOVA
IOVA
PLYM
PLYM
Cash + ST InvestmentsLiquidity on hand
$297.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$698.6M
$470.1M
Total Assets
$913.2M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOVA
IOVA
PLYM
PLYM
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
PLYM
PLYM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$646.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IOVA
IOVA
PLYM
PLYM
Q4 25
$698.6M
Q3 25
$702.3M
$470.1M
Q2 25
$698.5M
$539.6M
Q1 25
$767.9M
$571.0M
Q4 24
$710.4M
$579.5M
Q3 24
$773.5M
$436.5M
Q2 24
$768.5M
$475.2M
Q1 24
$680.0M
$484.6M
Total Assets
IOVA
IOVA
PLYM
PLYM
Q4 25
$913.2M
Q3 25
$904.9M
$1.6B
Q2 25
$907.4M
$1.6B
Q1 25
$966.7M
$1.4B
Q4 24
$910.4M
$1.4B
Q3 24
$991.1M
$1.5B
Q2 24
$964.3M
$1.4B
Q1 24
$869.8M
$1.4B
Debt / Equity
IOVA
IOVA
PLYM
PLYM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.12×
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
IOVA
IOVA
PLYM
PLYM
Operating Cash FlowLast quarter
$-52.6M
$20.0M
Free Cash FlowOCF − Capex
$-61.9M
FCF MarginFCF / Revenue
-71.3%
Capex IntensityCapex / Revenue
10.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOVA
IOVA
PLYM
PLYM
Q4 25
$-52.6M
Q3 25
$-78.7M
$20.0M
Q2 25
$-67.4M
$23.4M
Q1 25
$-103.7M
$15.6M
Q4 24
$-73.3M
$96.1M
Q3 24
$-59.0M
$17.6M
Q2 24
$-98.4M
$19.9M
Q1 24
$-122.3M
$16.6M
Free Cash Flow
IOVA
IOVA
PLYM
PLYM
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
FCF Margin
IOVA
IOVA
PLYM
PLYM
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%
Capex Intensity
IOVA
IOVA
PLYM
PLYM
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%
Cash Conversion
IOVA
IOVA
PLYM
PLYM
Q4 25
Q3 25
Q2 25
Q1 25
2.67×
Q4 24
0.65×
Q3 24
Q2 24
15.12×
Q1 24
2.67×

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%

PLYM
PLYM

Segment breakdown not available.

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