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Side-by-side financial comparison of IOVANCE BIOTHERAPEUTICS, INC. (IOVA) and Third Coast Bancshares, Inc. (TCBX). Click either name above to swap in a different company.
IOVANCE BIOTHERAPEUTICS, INC. is the larger business by last-quarter revenue ($86.8M vs $57.7M, roughly 1.5× Third Coast Bancshares, Inc.). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 17.5%).
Iovance Biotherapeutics, Inc. is a biopharmaceutical startup based in San Carlos, California. The company works to develop tumor-infiltrating lymphocyte (TIL) therapies against cancer.
Third Coast Bancshares, Inc. is a regional financial holding company headquartered in the U.S. Gulf Coast region. It provides a full suite of commercial and retail banking services including deposit products, business and consumer loans, mortgage services, and wealth management solutions, serving local small and medium-sized enterprises, individual consumers, and community clients across Texas and surrounding areas.
IOVA vs TCBX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $86.8M | $57.7M |
| Net Profit | — | $16.4M |
| Gross Margin | 67.4% | — |
| Operating Margin | -84.7% | — |
| Net Margin | — | 28.4% |
| Revenue YoY | 17.7% | — |
| Net Profit YoY | — | 20.5% |
| EPS (diluted) | — | $0.88 |
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.
| Q1 26 | — | $57.7M | ||
| Q4 25 | $86.8M | $56.5M | ||
| Q3 25 | $67.5M | $54.5M | ||
| Q2 25 | $60.0M | $52.0M | ||
| Q1 25 | $49.3M | $45.9M | ||
| Q4 24 | $73.7M | $46.3M | ||
| Q3 24 | $58.6M | $42.9M | ||
| Q2 24 | $31.1M | $41.7M |
| Q1 26 | — | $16.4M | ||
| Q4 25 | — | $17.9M | ||
| Q3 25 | $-91.3M | $18.1M | ||
| Q2 25 | $-111.7M | $16.7M | ||
| Q1 25 | $-116.2M | $13.6M | ||
| Q4 24 | — | $13.7M | ||
| Q3 24 | $-83.5M | $12.8M | ||
| Q2 24 | $-97.1M | $10.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -84.7% | 38.1% | ||
| Q3 25 | -140.7% | 41.9% | ||
| Q2 25 | -189.8% | 40.5% | ||
| Q1 25 | -245.8% | 37.8% | ||
| Q4 24 | -117.5% | 38.7% | ||
| Q3 24 | -152.1% | 37.9% | ||
| Q2 24 | -327.6% | 34.1% |
| Q1 26 | — | 28.4% | ||
| Q4 25 | — | 31.7% | ||
| Q3 25 | -135.3% | 33.1% | ||
| Q2 25 | -186.2% | 32.2% | ||
| Q1 25 | -235.5% | 29.6% | ||
| Q4 24 | — | 29.7% | ||
| Q3 24 | -142.7% | 29.8% | ||
| Q2 24 | -312.2% | 25.9% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | — | $1.02 | ||
| Q3 25 | — | $1.03 | ||
| Q2 25 | $-0.33 | $0.96 | ||
| Q1 25 | $-0.36 | $0.78 | ||
| Q4 24 | $-0.24 | $0.80 | ||
| Q3 24 | $-0.28 | $0.74 | ||
| Q2 24 | $-0.34 | $0.63 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $297.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $698.6M | $650.5M |
| Total Assets | $913.2M | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $297.0M | $175.2M | ||
| Q3 25 | $300.8M | $116.4M | ||
| Q2 25 | $301.2M | $113.1M | ||
| Q1 25 | $359.7M | $219.0M | ||
| Q4 24 | $323.8M | $371.2M | ||
| Q3 24 | $397.5M | $258.2M | ||
| Q2 24 | $412.5M | $241.8M |
| Q1 26 | — | $650.5M | ||
| Q4 25 | $698.6M | $531.0M | ||
| Q3 25 | $702.3M | $513.8M | ||
| Q2 25 | $698.5M | $496.1M | ||
| Q1 25 | $767.9M | $479.8M | ||
| Q4 24 | $710.4M | $460.7M | ||
| Q3 24 | $773.5M | $450.5M | ||
| Q2 24 | $768.5M | $435.0M |
| Q1 26 | — | $6.6B | ||
| Q4 25 | $913.2M | $5.3B | ||
| Q3 25 | $904.9M | $5.1B | ||
| Q2 25 | $907.4M | $4.9B | ||
| Q1 25 | $966.7M | $4.9B | ||
| Q4 24 | $910.4M | $4.9B | ||
| Q3 24 | $991.1M | $4.6B | ||
| Q2 24 | $964.3M | $4.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-52.6M | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-52.6M | $50.8M | ||
| Q3 25 | $-78.7M | $20.7M | ||
| Q2 25 | $-67.4M | $13.9M | ||
| Q1 25 | $-103.7M | $10.5M | ||
| Q4 24 | $-73.3M | $35.1M | ||
| Q3 24 | $-59.0M | $22.0M | ||
| Q2 24 | $-98.4M | $7.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-61.9M | — | ||
| Q3 25 | $-89.5M | — | ||
| Q2 25 | $-74.9M | — | ||
| Q1 25 | $-109.9M | — | ||
| Q4 24 | $-77.5M | $33.4M | ||
| Q3 24 | $-61.3M | — | ||
| Q2 24 | $-98.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | -71.3% | — | ||
| Q3 25 | -132.7% | — | ||
| Q2 25 | -124.9% | — | ||
| Q1 25 | -222.8% | — | ||
| Q4 24 | -105.1% | 72.1% | ||
| Q3 24 | -104.6% | — | ||
| Q2 24 | -317.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | — | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | 12.4% | — | ||
| Q1 25 | 12.6% | — | ||
| Q4 24 | 5.7% | 3.8% | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 1.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.84× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.77× | ||
| Q4 24 | — | 2.56× | ||
| Q3 24 | — | 1.72× | ||
| Q2 24 | — | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IOVA
| Amtagvi | $64.9M | 75% |
| Proleukin | $21.9M | 25% |
TCBX
| Net Interest Income | $53.6M | 93% |
| Noninterest Income | $4.0M | 7% |
