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

RESOURCES CONNECTION, INC. is the larger business by last-quarter revenue ($117.7M vs $86.8M, roughly 1.4× IOVANCE BIOTHERAPEUTICS, INC.). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs -19.2%). RESOURCES CONNECTION, INC. produced more free cash flow last quarter ($15.6M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs -11.8%).

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

RGP, formerly known as Resources Global Professionals, is the operating arm of Resources Connection, Inc.. The company provides consulting services in the areas of finance & accounting, information management, governance, risk & compliance (GRC), human capital, legal & regulatory, corporate advisory & restructuring, strategic communications, and supply chain management. As of fiscal year ending May 28, 2016, the company employed 3,283 professionals in 68 offices in 20 countries around the wor...

IOVA vs RGP — Head-to-Head

Bigger by revenue
RGP
RGP
1.4× larger
RGP
$117.7M
$86.8M
IOVA
Growing faster (revenue YoY)
IOVA
IOVA
+36.9% gap
IOVA
17.7%
-19.2%
RGP
More free cash flow
RGP
RGP
$77.5M more FCF
RGP
$15.6M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
-11.8%
RGP

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
IOVA
IOVA
RGP
RGP
Revenue
$86.8M
$117.7M
Net Profit
$-12.7M
Gross Margin
67.4%
37.1%
Operating Margin
-84.7%
-10.3%
Net Margin
-10.8%
Revenue YoY
17.7%
-19.2%
Net Profit YoY
81.6%
EPS (diluted)
$-0.38

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
RGP
RGP
Q4 25
$86.8M
$117.7M
Q3 25
$67.5M
$120.2M
Q2 25
$60.0M
$139.3M
Q1 25
$49.3M
$129.4M
Q4 24
$73.7M
$145.6M
Q3 24
$58.6M
$136.9M
Q2 24
$31.1M
$148.2M
Q1 24
$715.0K
$151.3M
Net Profit
IOVA
IOVA
RGP
RGP
Q4 25
$-12.7M
Q3 25
$-91.3M
$-2.4M
Q2 25
$-111.7M
$-73.3M
Q1 25
$-116.2M
$-44.1M
Q4 24
$-68.7M
Q3 24
$-83.5M
$-5.7M
Q2 24
$-97.1M
$10.5M
Q1 24
$-113.0M
$2.5M
Gross Margin
IOVA
IOVA
RGP
RGP
Q4 25
67.4%
37.1%
Q3 25
43.0%
39.5%
Q2 25
5.5%
40.2%
Q1 25
-0.8%
35.1%
Q4 24
68.7%
38.5%
Q3 24
46.2%
36.5%
Q2 24
-0.8%
40.2%
Q1 24
37.0%
Operating Margin
IOVA
IOVA
RGP
RGP
Q4 25
-84.7%
-10.3%
Q3 25
-140.7%
-1.7%
Q2 25
-189.8%
-47.0%
Q1 25
-245.8%
-38.4%
Q4 24
-117.5%
-52.7%
Q3 24
-152.1%
-3.5%
Q2 24
-327.6%
7.6%
Q1 24
-16464.6%
2.8%
Net Margin
IOVA
IOVA
RGP
RGP
Q4 25
-10.8%
Q3 25
-135.3%
-2.0%
Q2 25
-186.2%
-52.6%
Q1 25
-235.5%
-34.0%
Q4 24
-47.2%
Q3 24
-142.7%
-4.2%
Q2 24
-312.2%
7.1%
Q1 24
-15800.8%
1.7%
EPS (diluted)
IOVA
IOVA
RGP
RGP
Q4 25
$-0.38
Q3 25
$-0.07
Q2 25
$-0.33
$-2.21
Q1 25
$-0.36
$-1.34
Q4 24
$-0.24
$-2.08
Q3 24
$-0.28
$-0.17
Q2 24
$-0.34
$0.31
Q1 24
$-0.42
$0.08

Balance Sheet & Financial Strength

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

Metric
IOVA
IOVA
RGP
RGP
Cash + ST InvestmentsLiquidity on hand
$297.0M
$89.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$698.6M
$194.6M
Total Assets
$913.2M
$289.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOVA
IOVA
RGP
RGP
Q4 25
$297.0M
$89.8M
Q3 25
$300.8M
$77.5M
Q2 25
$301.2M
$86.1M
Q1 25
$359.7M
$72.5M
Q4 24
$323.8M
$78.2M
Q3 24
$397.5M
$89.6M
Q2 24
$412.5M
$108.9M
Q1 24
$356.2M
$113.8M
Stockholders' Equity
IOVA
IOVA
RGP
RGP
Q4 25
$698.6M
$194.6M
Q3 25
$702.3M
$206.4M
Q2 25
$698.5M
$207.1M
Q1 25
$767.9M
$277.8M
Q4 24
$710.4M
$325.7M
Q3 24
$773.5M
$407.2M
Q2 24
$768.5M
$418.8M
Q1 24
$680.0M
$414.9M
Total Assets
IOVA
IOVA
RGP
RGP
Q4 25
$913.2M
$289.3M
Q3 25
$904.9M
$287.2M
Q2 25
$907.4M
$304.7M
Q1 25
$966.7M
$375.6M
Q4 24
$910.4M
$424.9M
Q3 24
$991.1M
$512.9M
Q2 24
$964.3M
$510.9M
Q1 24
$869.8M
$523.2M

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
RGP
RGP
Operating Cash FlowLast quarter
$-52.6M
$15.9M
Free Cash FlowOCF − Capex
$-61.9M
$15.6M
FCF MarginFCF / Revenue
-71.3%
13.2%
Capex IntensityCapex / Revenue
10.7%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-336.2M
$24.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOVA
IOVA
RGP
RGP
Q4 25
$-52.6M
$15.9M
Q3 25
$-78.7M
$-7.8M
Q2 25
$-67.4M
$16.8M
Q1 25
$-103.7M
$659.0K
Q4 24
$-73.3M
$1.8M
Q3 24
$-59.0M
$-309.0K
Q2 24
$-98.4M
$3.2M
Q1 24
$-122.3M
$20.5M
Free Cash Flow
IOVA
IOVA
RGP
RGP
Q4 25
$-61.9M
$15.6M
Q3 25
$-89.5M
$-8.0M
Q2 25
$-74.9M
$16.5M
Q1 25
$-109.9M
$238.0K
Q4 24
$-77.5M
$61.0K
Q3 24
$-61.3M
$-575.0K
Q2 24
$-98.9M
$3.0M
Q1 24
$-126.5M
$20.4M
FCF Margin
IOVA
IOVA
RGP
RGP
Q4 25
-71.3%
13.2%
Q3 25
-132.7%
-6.6%
Q2 25
-124.9%
11.8%
Q1 25
-222.8%
0.2%
Q4 24
-105.1%
0.0%
Q3 24
-104.6%
-0.4%
Q2 24
-317.9%
2.1%
Q1 24
-17685.3%
13.5%
Capex Intensity
IOVA
IOVA
RGP
RGP
Q4 25
10.7%
0.3%
Q3 25
16.1%
0.1%
Q2 25
12.4%
0.2%
Q1 25
12.6%
0.3%
Q4 24
5.7%
1.2%
Q3 24
3.9%
0.2%
Q2 24
1.4%
0.1%
Q1 24
583.4%
0.1%
Cash Conversion
IOVA
IOVA
RGP
RGP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.30×
Q1 24
8.04×

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%

RGP
RGP

US$93.7M80%
Non Us$24.0M20%

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