IOVA · NASDAQ · Biotechnology

Iovance Biotherapeutics

Commercializes TIL cell therapies for melanoma and other solid-tumor settings.

$8.03
After-hours close+0.00 (+0.06%)
At close$8.03(−2.85%)
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Profile

Iovance Biotherapeutics, Inc.IOVAHealth Care

Sells Amtagvi and Proleukin, pairing an FDA-approved TIL cell therapy with the interleukin-2 product used in treatment and manufacturing. Operations center on oncology access, cell-therapy manufacturing, authorized treatment centers, and confirmatory evidence required under accelerated approval.

Markets Amtagvi, a lifileucel TIL cell therapy for previously treated unresectable or metastatic melanoma, alongside Proleukin, the aldesleukin product used in the Amtagvi regimen and sold for other oncology, manufacturing, clinical, and research uses.

Commercial work is centered in U.S. oncology channels, with Canadian conditional authorization extending the same core melanoma therapy into another regulated market. Manufacturing is built around the Iovance Cell Therapy Center in Philadelphia, nearby contract capacity, and authorized treatment centers that collect and ship tumor tissue.

Execution depends on patient access, reliable cell-therapy manufacturing, Proleukin supply and use, and confirmatory evidence required by the accelerated-approval pathway. Promotional materials also operate under FDA scrutiny after the agency challenged exploratory overall-survival claims.

Company facts

CEOFrederick G. Vogt
ListedJun 28, 2017
ExchangeNASDAQ
HeadquartersSan Carlos, CA
CountryUnited States
Employees975
CIK0001425205
ISINUS4622601007

Key statistics

Market cap$3.58B
EPS (ttm)−$0.7000
P/E (ttm)−11.44
ROE-40.5%
P/B4.90
P/S11.01
Dividend yield
Beta1.32vs XLV 1.08

Year to date +218% · Average volume (30d) 17.7M

Analysts

Price target, next 12 months$6.50−18.9%Median of 21 analysts · vs the Aug 28 close
ConsensusBuy16 of 21 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Aug 20, 2026UBSReiterateNeutral$2$7
Aug 18, 2026Mizuho SecuritiesTarget$11
Aug 7, 2026Robert W. BairdTarget$24$6
Aug 7, 2026BarclaysReiterateOverweight$40$13
Jun 1, 2026National BankTarget$5

Earnings

EPS

Estimate−$0.12
ReportedDue Nov 5, 2026

Revenue

Estimate$110.1M
ReportedDue Nov 5, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 6, 2026Q2 FY26−$0.13−$0.11+17.6%$87.8M$99.3M+13.1%+43.09%
May 7, 2026Q1 FY26−$0.19−$0.190.0%$77.8M$71.4M−8.2%+1.97%
Feb 24, 2026Q4 FY25−$0.22−$0.18+18.2%$80.7M$86.7M+7.4%+1.32%
Nov 6, 2025Q3 FY25−$0.29−$0.25+13.8%$82.2M$67.5M−17.9%−0.43%
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Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$49.3M$60.0M$67.5M$86.8M$71.4M$99.3M
Gross profit−$417.0K$3.3M$66.0M$187.3M$70.4M$54.2M
Operating income−$121.2M−$113.8M−$94.9M−$73.5M−$81.0M−$51.9M
Net income−$116.2M−$111.7M−$91.3M−$71.9M−$79.0M−$47.3M
Diluted EPS−$0.36−$0.33−$0.25−$0.15−$0.19−$0.11
Gross margin-0.8%5.5%97.9%215.9%98.6%54.6%
Operating margin-245.8%-189.8%-140.7%-84.7%-113.5%-52.3%

Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $1.2M · FY24 $164.1M · FY25 $263.5M

Revenue by geography · Q2 FY26

United States$99.0M · 100%
Non-US$346.0K · 0%

Balance sheet, Jun 30, 2026Cash & short-term investments $297.7M · Total debt $46.0M · Total assets $915.5M · Shareholders' equity $736.0M

Dividends

No dividends on record.

Ownership

Institutions 60.27%269.11M sharesInsiders 0.32%1.42M sharesOther 39.41%175.98M shares

Shares outstanding 446.50M · Float 387.87M · 86.9% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
BlackRock, Inc.31.08M6.96%13FMay 13, 2026
MHR Fund Management LLC28.97M6.49%13FMay 15, 2026
State Street Corporation24.48M5.50%13GAug 7, 2026
Vanguard Capital Management LLC16.62M3.72%13FMay 15, 2026
Two Sigma Investments, LP13.69M3.07%13FMay 15, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Peers

  • Merck

    PD-1 backbone in melanoma and solid-tumor immunotherapy

  • Bristol-Myers Squibb

    Checkpoint and LAG-3 melanoma incumbent with Opdivo, Yervoy, Opdualag

  • Novartis (ADR)

    BRAF/MEK targeted melanoma competitor via Tafinlar and Mekinist

  • Pfizer

    BRAF/MEK melanoma challenger through Braftovi and Mektovi

  • Replimune Group

    Oncolytic immunotherapy challenger in anti-PD-1-failed melanoma

  • Immatics

    PRAME TCR-T program targeting post-checkpoint advanced melanoma

  • Immunocore (ADR)

    TCR bispecific incumbent in metastatic uveal melanoma

  • Amgen

    Approved oncolytic-virus niche in injectable melanoma lesions

CompareAfter-hours close

CompanyPriceChange
Iovance Biotherapeutics$8.03+0.06%$3.58B11.0+65.7%
Merck$148.19−0.08%$366.18B118.717.25.5+5.1%
Bristol-Myers Squibb$66.60+0.05%$136.00B14.710.52.8+5.7%
Novartis (ADR)$153.810.00%$292.35B23.216.45.3+0.9%
Pfizer$27.95−0.04%$159.36B36.910.02.5+2.6%
Replimune Group$15.45−0.39%$1.30B
Immatics$9.35−0.95%$1.27B26.2+113.0%
Immunocore (ADR)$36.62−0.03%$1.86B4.6−13.7%
Amgen$430.27−0.49%$233.38B26.918.46.1+9.7%
Median26.916.45.3+5.1%