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

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $86.8M, roughly 1.3× IOVANCE BIOTHERAPEUTICS, INC.). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs 0.6%). ZIPRECRUITER, INC. produced more free cash flow last quarter ($7.6M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs -4.4%).

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

IOVA vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.3× larger
ZIP
$111.7M
$86.8M
IOVA
Growing faster (revenue YoY)
IOVA
IOVA
+17.2% gap
IOVA
17.7%
0.6%
ZIP
More free cash flow
ZIP
ZIP
$69.5M more FCF
ZIP
$7.6M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
-4.4%
ZIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IOVA
IOVA
ZIP
ZIP
Revenue
$86.8M
$111.7M
Net Profit
$-835.0K
Gross Margin
67.4%
89.1%
Operating Margin
-84.7%
3.6%
Net Margin
-0.7%
Revenue YoY
17.7%
0.6%
Net Profit YoY
92.3%
EPS (diluted)
$-0.03

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
ZIP
ZIP
Q4 25
$86.8M
$111.7M
Q3 25
$67.5M
$115.0M
Q2 25
$60.0M
$112.2M
Q1 25
$49.3M
$110.1M
Q4 24
$73.7M
$111.0M
Q3 24
$58.6M
$117.1M
Q2 24
$31.1M
$123.7M
Q1 24
$715.0K
$122.2M
Net Profit
IOVA
IOVA
ZIP
ZIP
Q4 25
$-835.0K
Q3 25
$-91.3M
$-9.8M
Q2 25
$-111.7M
$-9.5M
Q1 25
$-116.2M
$-12.8M
Q4 24
$-10.8M
Q3 24
$-83.5M
$-2.6M
Q2 24
$-97.1M
$7.0M
Q1 24
$-113.0M
$-6.5M
Gross Margin
IOVA
IOVA
ZIP
ZIP
Q4 25
67.4%
89.1%
Q3 25
43.0%
89.1%
Q2 25
5.5%
89.3%
Q1 25
-0.8%
89.4%
Q4 24
68.7%
89.6%
Q3 24
46.2%
89.4%
Q2 24
-0.8%
89.5%
Q1 24
89.1%
Operating Margin
IOVA
IOVA
ZIP
ZIP
Q4 25
-84.7%
3.6%
Q3 25
-140.7%
-4.4%
Q2 25
-189.8%
-5.9%
Q1 25
-245.8%
-10.6%
Q4 24
-117.5%
-3.6%
Q3 24
-152.1%
-2.8%
Q2 24
-327.6%
7.6%
Q1 24
-16464.6%
-0.7%
Net Margin
IOVA
IOVA
ZIP
ZIP
Q4 25
-0.7%
Q3 25
-135.3%
-8.5%
Q2 25
-186.2%
-8.5%
Q1 25
-235.5%
-11.7%
Q4 24
-9.7%
Q3 24
-142.7%
-2.2%
Q2 24
-312.2%
5.7%
Q1 24
-15800.8%
-5.3%
EPS (diluted)
IOVA
IOVA
ZIP
ZIP
Q4 25
$-0.03
Q3 25
$-0.11
Q2 25
$-0.33
$-0.10
Q1 25
$-0.36
$-0.13
Q4 24
$-0.24
$-0.10
Q3 24
$-0.28
$-0.03
Q2 24
$-0.34
$0.07
Q1 24
$-0.42
$-0.07

Balance Sheet & Financial Strength

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

Metric
IOVA
IOVA
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$297.0M
$188.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$698.6M
$-77.2M
Total Assets
$913.2M
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOVA
IOVA
ZIP
ZIP
Q4 25
$297.0M
$188.0M
Q3 25
$300.8M
$211.8M
Q2 25
$301.2M
$203.5M
Q1 25
$359.7M
$221.1M
Q4 24
$323.8M
$218.4M
Q3 24
$397.5M
$225.6M
Q2 24
$412.5M
$271.7M
Q1 24
$356.2M
$282.5M
Stockholders' Equity
IOVA
IOVA
ZIP
ZIP
Q4 25
$698.6M
$-77.2M
Q3 25
$702.3M
$-76.1M
Q2 25
$698.5M
$-65.9M
Q1 25
$767.9M
$-11.3M
Q4 24
$710.4M
$13.4M
Q3 24
$773.5M
$13.6M
Q2 24
$768.5M
$24.4M
Q1 24
$680.0M
$12.7M
Total Assets
IOVA
IOVA
ZIP
ZIP
Q4 25
$913.2M
$569.7M
Q3 25
$904.9M
$573.6M
Q2 25
$907.4M
$592.4M
Q1 25
$966.7M
$629.4M
Q4 24
$910.4M
$664.1M
Q3 24
$991.1M
$652.0M
Q2 24
$964.3M
$665.3M
Q1 24
$869.8M
$662.4M

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
ZIP
ZIP
Operating Cash FlowLast quarter
$-52.6M
$7.7M
Free Cash FlowOCF − Capex
$-61.9M
$7.6M
FCF MarginFCF / Revenue
-71.3%
6.8%
Capex IntensityCapex / Revenue
10.7%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-336.2M
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOVA
IOVA
ZIP
ZIP
Q4 25
$-52.6M
$7.7M
Q3 25
$-78.7M
$2.6M
Q2 25
$-67.4M
$10.5M
Q1 25
$-103.7M
$-9.9M
Q4 24
$-73.3M
$12.5M
Q3 24
$-59.0M
$9.3M
Q2 24
$-98.4M
$21.9M
Q1 24
$-122.3M
$2.0M
Free Cash Flow
IOVA
IOVA
ZIP
ZIP
Q4 25
$-61.9M
$7.6M
Q3 25
$-89.5M
$2.2M
Q2 25
$-74.9M
$10.2M
Q1 25
$-109.9M
$-10.2M
Q4 24
$-77.5M
$12.0M
Q3 24
$-61.3M
$9.2M
Q2 24
$-98.9M
$21.7M
Q1 24
$-126.5M
$1.9M
FCF Margin
IOVA
IOVA
ZIP
ZIP
Q4 25
-71.3%
6.8%
Q3 25
-132.7%
1.9%
Q2 25
-124.9%
9.1%
Q1 25
-222.8%
-9.3%
Q4 24
-105.1%
10.8%
Q3 24
-104.6%
7.8%
Q2 24
-317.9%
17.6%
Q1 24
-17685.3%
1.6%
Capex Intensity
IOVA
IOVA
ZIP
ZIP
Q4 25
10.7%
0.1%
Q3 25
16.1%
0.3%
Q2 25
12.4%
0.3%
Q1 25
12.6%
0.3%
Q4 24
5.7%
0.4%
Q3 24
3.9%
0.2%
Q2 24
1.4%
0.1%
Q1 24
583.4%
0.1%
Cash Conversion
IOVA
IOVA
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.12×
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%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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