IOVA · NASDAQ · Biotechnology

Iovance Biotherapeutics (IOVA)

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

$10.23
vs last close−0.41 (−3.85%)
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Iovance Biotherapeutics, Inc.IOVA
Health 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

Market cap$4.75B
EPS (ttm)−$0.7000
P/E (ttm)−15.20
ROE-40.5%
P/B6.45
P/S14.62
Dividend yieldDiv yield
Beta1.33vs XLV 1.08

Price target$6.50−38.9%Average of 21 analysts
ConsensusBuy16 of 21 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 17, 2026BarclaysReiterate
Rating: Target: $13
Rating: OverweightTarget: $15
Aug 20, 2026UBSReiterate
Rating: Target: $2
Rating: NeutralTarget: $7
Aug 18, 2026Mizuho SecuritiesTarget
Target:
Target: $11
Aug 7, 2026Robert W. BairdTarget
Target: $24
Target: $6
Aug 7, 2026BarclaysReiterate
Rating: Target: $40
Rating: OverweightTarget: $13

Next report
Nov 5, 26
in 43 days
EPS estimate
−$0.12
Revenue estimate
$110.1M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$0.26−$0.36−$0.33−$0.25−$0.18−$0.19−$0.11Pending
Estimate−$0.26−$0.25−$0.29−$0.29−$0.22−$0.19−$0.13−$0.12
Surprise0.0%−44.0%−13.8%+13.8%+18.2%0.0%+17.6%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$73.7M$49.3M$60.0M$67.5M$86.7M$71.4M$99.3MPending
Estimate$72.2M$82.4M$78.3M$82.2M$80.7M$77.8M$87.8M$110.1M
Surprise+2.1%−40.1%−23.5%−17.9%+7.4%−8.2%+13.1%
Estimate−$0.12
ReportedDue Nov 5, 2026
Estimate$110.1M
ReportedDue Nov 5, 2026
View details

Debt to equity6.30%
Current ratio434.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$58.6M$73.7M$49.3M$60.0M$67.5M$86.8M$71.4M$99.3M
Net income−$83.5M−$78.6M−$116.2M−$111.7M−$91.3M−$71.9M−$79.0M−$47.3M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$89.1M−$86.6M−$121.2M−$113.8M−$94.9M−$73.5M−$81.0M−$51.9M
YoY growthLoss narrowedLoss narrowedLoss widenedLoss widenedLoss widenedLoss narrowedLoss narrowedLoss narrowed

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

Revenue
$99.3M
Operating income
−$51.9M
Net income
−$47.3M
View details

No dividends on record.

Institutions≈ 63.31%286.79M shares
305 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders0.33%1.47M shares
9 holders · as of Sep 10, 2026
Other≈ 36.36%164.70M shares
remainder

452.97M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
8.16%36.96Mas of Jun 30, 2026
MHR Fund Management LLCInstitution
6.39%28.97Mas of Jun 30, 2026
State Street CorpInstitution
5.40%24.48Mas of Jun 30, 2026
Two Sigma Investments, LPInstitution
4.20%19.01Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.02%18.20Mas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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Compare

CompanyPriceChange
Iovance Biotherapeutics$10.23−3.85%$4.75B14.6+65.7%
Merck$147.28−2.41%$372.73B120.717.15.6+5.1%
Bristol-Myers Squibb$61.73−0.84%$127.16B13.79.72.6+5.7%
Novartis (ADR)$142.23+0.67%$268.53B21.315.14.8+0.9%
Pfizer$28.01+0.27%$159.19B36.910.02.5+2.6%
Replimune Group$12.74−5.42%$1.13B
Immatics$8.64−2.63%$1.19B25.0+113.0%
Immunocore (ADR)$31.13−3.99%$1.65B4.1−13.7%
Amgen$404.97−1.28%$221.41B25.517.35.8+9.7%
Median25.515.14.8+5.1%