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

QUHUO Ltd is the larger business by last-quarter revenue ($157.9M vs $86.8M, roughly 1.8× IOVANCE BIOTHERAPEUTICS, INC.).

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

QUHUO Ltd. operates an on-demand lifestyle service platform focused on the Chinese mainland market. Its core offerings include gig workforce solutions, community group-buy services, and local life service matching for merchants and individual users, covering household services, catering operation support, and community retail segments to effectively connect service providers with end consumers.

IOVA vs QH — Head-to-Head

Bigger by revenue
QH
QH
1.8× larger
QH
$157.9M
$86.8M
IOVA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
IOVA
IOVA
QH
QH
Revenue
$86.8M
$157.9M
Net Profit
Gross Margin
67.4%
Operating Margin
-84.7%
Net Margin
Revenue YoY
17.7%
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.

Revenue
IOVA
IOVA
QH
QH
Q4 25
$86.8M
Q3 25
$67.5M
Q2 25
$60.0M
$157.9M
Q1 25
$49.3M
Q4 24
$73.7M
Q3 24
$58.6M
Q2 24
$31.1M
$222.9M
Q1 24
$715.0K
Net Profit
IOVA
IOVA
QH
QH
Q4 25
Q3 25
$-91.3M
Q2 25
$-111.7M
Q1 25
$-116.2M
Q4 24
Q3 24
$-83.5M
Q2 24
$-97.1M
$-6.4M
Q1 24
$-113.0M
Gross Margin
IOVA
IOVA
QH
QH
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%
1.5%
Q1 24
Operating Margin
IOVA
IOVA
QH
QH
Q4 25
-84.7%
Q3 25
-140.7%
Q2 25
-189.8%
Q1 25
-245.8%
Q4 24
-117.5%
Q3 24
-152.1%
Q2 24
-327.6%
-2.7%
Q1 24
-16464.6%
Net Margin
IOVA
IOVA
QH
QH
Q4 25
Q3 25
-135.3%
Q2 25
-186.2%
Q1 25
-235.5%
Q4 24
Q3 24
-142.7%
Q2 24
-312.2%
-2.9%
Q1 24
-15800.8%
EPS (diluted)
IOVA
IOVA
QH
QH
Q4 25
Q3 25
Q2 25
$-0.33
Q1 25
$-0.36
Q4 24
$-0.24
Q3 24
$-0.28
Q2 24
$-0.34
Q1 24
$-0.42

Balance Sheet & Financial Strength

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

Metric
IOVA
IOVA
QH
QH
Cash + ST InvestmentsLiquidity on hand
$297.0M
$4.3M
Total DebtLower is stronger
$858.0K
Stockholders' EquityBook value
$698.6M
$57.4M
Total Assets
$913.2M
$118.4M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOVA
IOVA
QH
QH
Q4 25
$297.0M
Q3 25
$300.8M
Q2 25
$301.2M
$4.3M
Q1 25
$359.7M
Q4 24
$323.8M
Q3 24
$397.5M
Q2 24
$412.5M
$14.3M
Q1 24
$356.2M
Total Debt
IOVA
IOVA
QH
QH
Q4 25
Q3 25
Q2 25
$858.0K
Q1 25
Q4 24
Q3 24
Q2 24
$1.2M
Q1 24
Stockholders' Equity
IOVA
IOVA
QH
QH
Q4 25
$698.6M
Q3 25
$702.3M
Q2 25
$698.5M
$57.4M
Q1 25
$767.9M
Q4 24
$710.4M
Q3 24
$773.5M
Q2 24
$768.5M
$64.6M
Q1 24
$680.0M
Total Assets
IOVA
IOVA
QH
QH
Q4 25
$913.2M
Q3 25
$904.9M
Q2 25
$907.4M
$118.4M
Q1 25
$966.7M
Q4 24
$910.4M
Q3 24
$991.1M
Q2 24
$964.3M
$135.0M
Q1 24
$869.8M
Debt / Equity
IOVA
IOVA
QH
QH
Q4 25
Q3 25
Q2 25
0.01×
Q1 25
Q4 24
Q3 24
Q2 24
0.02×
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
QH
QH
Operating Cash FlowLast quarter
$-52.6M
$-5.8M
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
QH
QH
Q4 25
$-52.6M
Q3 25
$-78.7M
Q2 25
$-67.4M
$-5.8M
Q1 25
$-103.7M
Q4 24
$-73.3M
Q3 24
$-59.0M
Q2 24
$-98.4M
Q1 24
$-122.3M
Free Cash Flow
IOVA
IOVA
QH
QH
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
QH
QH
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
QH
QH
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%

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%

QH
QH

Segment breakdown not available.

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