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Side-by-side financial comparison of IOVANCE BIOTHERAPEUTICS, INC. (IOVA) and Resolute Holdings Management, Inc. (RHLD). Click either name above to swap in a different company.

Resolute Holdings Management, Inc. is the larger business by last-quarter revenue ($117.7M vs $86.8M, roughly 1.4× IOVANCE BIOTHERAPEUTICS, INC.). Resolute Holdings Management, Inc. produced more free cash flow last quarter ($189.2M vs $-61.9M).

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

Resolute Mining Limited is an Australian mining corporation focused on mining operations in Africa. It is currently operating two gold mines: the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal.

IOVA vs RHLD — Head-to-Head

Bigger by revenue
RHLD
RHLD
1.4× larger
RHLD
$117.7M
$86.8M
IOVA
More free cash flow
RHLD
RHLD
$251.1M more FCF
RHLD
$189.2M
$-61.9M
IOVA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IOVA
IOVA
RHLD
RHLD
Revenue
$86.8M
$117.7M
Net Profit
$-1.7M
Gross Margin
67.4%
55.7%
Operating Margin
-84.7%
30.2%
Net Margin
-1.5%
Revenue YoY
17.7%
Net Profit YoY
EPS (diluted)
$-0.20

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
RHLD
RHLD
Q4 25
$86.8M
$117.7M
Q3 25
$67.5M
$120.9M
Q2 25
$60.0M
$119.6M
Q1 25
$49.3M
$103.9M
Q4 24
$73.7M
Q3 24
$58.6M
Q2 24
$31.1M
Q1 24
$715.0K
Net Profit
IOVA
IOVA
RHLD
RHLD
Q4 25
$-1.7M
Q3 25
$-91.3M
$-231.0K
Q2 25
$-111.7M
$-611.0K
Q1 25
$-116.2M
$-3.4M
Q4 24
Q3 24
$-83.5M
Q2 24
$-97.1M
Q1 24
$-113.0M
Gross Margin
IOVA
IOVA
RHLD
RHLD
Q4 25
67.4%
55.7%
Q3 25
43.0%
59.0%
Q2 25
5.5%
57.5%
Q1 25
-0.8%
52.5%
Q4 24
68.7%
Q3 24
46.2%
Q2 24
-0.8%
Q1 24
Operating Margin
IOVA
IOVA
RHLD
RHLD
Q4 25
-84.7%
30.2%
Q3 25
-140.7%
34.3%
Q2 25
-189.8%
34.0%
Q1 25
-245.8%
24.7%
Q4 24
-117.5%
Q3 24
-152.1%
Q2 24
-327.6%
Q1 24
-16464.6%
Net Margin
IOVA
IOVA
RHLD
RHLD
Q4 25
-1.5%
Q3 25
-135.3%
-0.2%
Q2 25
-186.2%
-0.5%
Q1 25
-235.5%
-3.2%
Q4 24
Q3 24
-142.7%
Q2 24
-312.2%
Q1 24
-15800.8%
EPS (diluted)
IOVA
IOVA
RHLD
RHLD
Q4 25
$-0.20
Q3 25
$-0.03
Q2 25
$-0.33
$-0.07
Q1 25
$-0.36
$-0.39
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
RHLD
RHLD
Cash + ST InvestmentsLiquidity on hand
$297.0M
$205.5M
Total DebtLower is stronger
$169.8M
Stockholders' EquityBook value
$698.6M
$6.5M
Total Assets
$913.2M
$333.4M
Debt / EquityLower = less leverage
26.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOVA
IOVA
RHLD
RHLD
Q4 25
$297.0M
$205.5M
Q3 25
$300.8M
$148.0M
Q2 25
$301.2M
$99.9M
Q1 25
$359.7M
$71.0M
Q4 24
$323.8M
Q3 24
$397.5M
Q2 24
$412.5M
Q1 24
$356.2M
Total Debt
IOVA
IOVA
RHLD
RHLD
Q4 25
$169.8M
Q3 25
$173.4M
Q2 25
$177.1M
Q1 25
$180.7M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IOVA
IOVA
RHLD
RHLD
Q4 25
$698.6M
$6.5M
Q3 25
$702.3M
$10.8M
Q2 25
$698.5M
$9.6M
Q1 25
$767.9M
$8.9M
Q4 24
$710.4M
Q3 24
$773.5M
Q2 24
$768.5M
Q1 24
$680.0M
Total Assets
IOVA
IOVA
RHLD
RHLD
Q4 25
$913.2M
$333.4M
Q3 25
$904.9M
$293.2M
Q2 25
$907.4M
$253.3M
Q1 25
$966.7M
$214.3M
Q4 24
$910.4M
Q3 24
$991.1M
Q2 24
$964.3M
Q1 24
$869.8M
Debt / Equity
IOVA
IOVA
RHLD
RHLD
Q4 25
26.03×
Q3 25
16.01×
Q2 25
18.42×
Q1 25
20.38×
Q4 24
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
RHLD
RHLD
Operating Cash FlowLast quarter
$-52.6M
$196.1M
Free Cash FlowOCF − Capex
$-61.9M
$189.2M
FCF MarginFCF / Revenue
-71.3%
160.8%
Capex IntensityCapex / Revenue
10.7%
5.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-336.2M
$313.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOVA
IOVA
RHLD
RHLD
Q4 25
$-52.6M
$196.1M
Q3 25
$-78.7M
$59.6M
Q2 25
$-67.4M
$48.9M
Q1 25
$-103.7M
$18.4M
Q4 24
$-73.3M
Q3 24
$-59.0M
Q2 24
$-98.4M
Q1 24
$-122.3M
Free Cash Flow
IOVA
IOVA
RHLD
RHLD
Q4 25
$-61.9M
$189.2M
Q3 25
$-89.5M
$58.6M
Q2 25
$-74.9M
$47.5M
Q1 25
$-109.9M
$17.8M
Q4 24
$-77.5M
Q3 24
$-61.3M
Q2 24
$-98.9M
Q1 24
$-126.5M
FCF Margin
IOVA
IOVA
RHLD
RHLD
Q4 25
-71.3%
160.8%
Q3 25
-132.7%
48.5%
Q2 25
-124.9%
39.7%
Q1 25
-222.8%
17.1%
Q4 24
-105.1%
Q3 24
-104.6%
Q2 24
-317.9%
Q1 24
-17685.3%
Capex Intensity
IOVA
IOVA
RHLD
RHLD
Q4 25
10.7%
5.8%
Q3 25
16.1%
0.8%
Q2 25
12.4%
1.2%
Q1 25
12.6%
0.6%
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%

RHLD
RHLD

Segment breakdown not available.

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