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Side-by-side financial comparison of IOVANCE BIOTHERAPEUTICS, INC. (IOVA) and Ranger Energy Services, Inc. (RNGR). Click either name above to swap in a different company.

Ranger Energy Services, Inc. is the larger business by last-quarter revenue ($142.2M vs $86.8M, roughly 1.6× IOVANCE BIOTHERAPEUTICS, INC.). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs -0.6%). Ranger Energy Services, Inc. produced more free cash flow last quarter ($17.1M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 1.9%).

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

Ranger Energy Services, Inc. is a leading North American onshore oilfield services provider. It offers a full suite of well completion, workover, rig operations, and production enhancement solutions for upstream oil and gas operators, primarily serving active unconventional shale and tight resource basins across the continental United States.

IOVA vs RNGR — Head-to-Head

Bigger by revenue
RNGR
RNGR
1.6× larger
RNGR
$142.2M
$86.8M
IOVA
Growing faster (revenue YoY)
IOVA
IOVA
+18.4% gap
IOVA
17.7%
-0.6%
RNGR
More free cash flow
RNGR
RNGR
$79.0M more FCF
RNGR
$17.1M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
1.9%
RNGR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IOVA
IOVA
RNGR
RNGR
Revenue
$86.8M
$142.2M
Net Profit
$3.2M
Gross Margin
67.4%
Operating Margin
-84.7%
2.3%
Net Margin
2.3%
Revenue YoY
17.7%
-0.6%
Net Profit YoY
-44.8%
EPS (diluted)
$0.14

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
RNGR
RNGR
Q4 25
$86.8M
$142.2M
Q3 25
$67.5M
$128.9M
Q2 25
$60.0M
$140.6M
Q1 25
$49.3M
$135.2M
Q4 24
$73.7M
$143.1M
Q3 24
$58.6M
$153.0M
Q2 24
$31.1M
$138.1M
Q1 24
$715.0K
$136.9M
Net Profit
IOVA
IOVA
RNGR
RNGR
Q4 25
$3.2M
Q3 25
$-91.3M
$1.2M
Q2 25
$-111.7M
$7.3M
Q1 25
$-116.2M
$600.0K
Q4 24
$5.8M
Q3 24
$-83.5M
$8.7M
Q2 24
$-97.1M
$4.7M
Q1 24
$-113.0M
$-800.0K
Gross Margin
IOVA
IOVA
RNGR
RNGR
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
RNGR
RNGR
Q4 25
-84.7%
2.3%
Q3 25
-140.7%
2.0%
Q2 25
-189.8%
6.1%
Q1 25
-245.8%
0.7%
Q4 24
-117.5%
6.2%
Q3 24
-152.1%
8.4%
Q2 24
-327.6%
5.3%
Q1 24
-16464.6%
-0.4%
Net Margin
IOVA
IOVA
RNGR
RNGR
Q4 25
2.3%
Q3 25
-135.3%
0.9%
Q2 25
-186.2%
5.2%
Q1 25
-235.5%
0.4%
Q4 24
4.1%
Q3 24
-142.7%
5.7%
Q2 24
-312.2%
3.4%
Q1 24
-15800.8%
-0.6%
EPS (diluted)
IOVA
IOVA
RNGR
RNGR
Q4 25
$0.14
Q3 25
$0.05
Q2 25
$-0.33
$0.32
Q1 25
$-0.36
$0.03
Q4 24
$-0.24
$0.24
Q3 24
$-0.28
$0.39
Q2 24
$-0.34
$0.21
Q1 24
$-0.42
$-0.03

Balance Sheet & Financial Strength

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

Metric
IOVA
IOVA
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$297.0M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$698.6M
$300.1M
Total Assets
$913.2M
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOVA
IOVA
RNGR
RNGR
Q4 25
$297.0M
$10.3M
Q3 25
$300.8M
$45.2M
Q2 25
$301.2M
$48.9M
Q1 25
$359.7M
$40.3M
Q4 24
$323.8M
$40.9M
Q3 24
$397.5M
$14.8M
Q2 24
$412.5M
$8.7M
Q1 24
$356.2M
$11.1M
Total Debt
IOVA
IOVA
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
IOVA
IOVA
RNGR
RNGR
Q4 25
$698.6M
$300.1M
Q3 25
$702.3M
$270.0M
Q2 25
$698.5M
$276.9M
Q1 25
$767.9M
$272.6M
Q4 24
$710.4M
$273.8M
Q3 24
$773.5M
$267.6M
Q2 24
$768.5M
$260.5M
Q1 24
$680.0M
$261.7M
Total Assets
IOVA
IOVA
RNGR
RNGR
Q4 25
$913.2M
$419.3M
Q3 25
$904.9M
$372.8M
Q2 25
$907.4M
$381.7M
Q1 25
$966.7M
$376.5M
Q4 24
$910.4M
$381.6M
Q3 24
$991.1M
$373.9M
Q2 24
$964.3M
$359.6M
Q1 24
$869.8M
$355.5M
Debt / Equity
IOVA
IOVA
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

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
RNGR
RNGR
Operating Cash FlowLast quarter
$-52.6M
$24.1M
Free Cash FlowOCF − Capex
$-61.9M
$17.1M
FCF MarginFCF / Revenue
-71.3%
12.0%
Capex IntensityCapex / Revenue
10.7%
4.9%
Cash ConversionOCF / Net Profit
7.53×
TTM Free Cash FlowTrailing 4 quarters
$-336.2M
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOVA
IOVA
RNGR
RNGR
Q4 25
$-52.6M
$24.1M
Q3 25
$-78.7M
$13.6M
Q2 25
$-67.4M
$20.7M
Q1 25
$-103.7M
$10.6M
Q4 24
$-73.3M
$32.7M
Q3 24
$-59.0M
$17.7M
Q2 24
$-98.4M
$22.1M
Q1 24
$-122.3M
$12.0M
Free Cash Flow
IOVA
IOVA
RNGR
RNGR
Q4 25
$-61.9M
$17.1M
Q3 25
$-89.5M
$8.0M
Q2 25
$-74.9M
$14.4M
Q1 25
$-109.9M
$3.4M
Q4 24
$-77.5M
$27.3M
Q3 24
$-61.3M
$10.8M
Q2 24
$-98.9M
$6.8M
Q1 24
$-126.5M
$5.5M
FCF Margin
IOVA
IOVA
RNGR
RNGR
Q4 25
-71.3%
12.0%
Q3 25
-132.7%
6.2%
Q2 25
-124.9%
10.2%
Q1 25
-222.8%
2.5%
Q4 24
-105.1%
19.1%
Q3 24
-104.6%
7.1%
Q2 24
-317.9%
4.9%
Q1 24
-17685.3%
4.0%
Capex Intensity
IOVA
IOVA
RNGR
RNGR
Q4 25
10.7%
4.9%
Q3 25
16.1%
4.3%
Q2 25
12.4%
4.5%
Q1 25
12.6%
5.3%
Q4 24
5.7%
3.8%
Q3 24
3.9%
4.5%
Q2 24
1.4%
11.1%
Q1 24
583.4%
4.7%
Cash Conversion
IOVA
IOVA
RNGR
RNGR
Q4 25
7.53×
Q3 25
11.33×
Q2 25
2.84×
Q1 25
17.67×
Q4 24
5.64×
Q3 24
2.03×
Q2 24
4.70×
Q1 24

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%

RNGR
RNGR

High Specification Rigs$92.3M65%
Processing Solutions And Ancillary Services$37.5M26%
Wireline Services$12.4M9%

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