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Immunitybio vs Nuvation Bio

Immunitybio is the larger business, with $113m of revenue in fiscal 2025 against $62.9m for Nuvation Bio (1.8 times as much). Nuvation Bio grew faster (699.0% against 668.3%). Immunitybio kept more of each dollar of sales as profit: a net margin of -310.2% against -325.3%.

Latest fiscal yearImmunitybioIBRX, 2025Nuvation BioNUVB, 2025
Revenue $113m $62.9m
Revenue growth 668.3% 699.0%
Net income −$351m −$205m
Operating margin -226.0% -338.7%
Net margin -310.2% -325.3%
Return on equity — -53.2%
Free cash flow −$309m −$181m
Cash $88.3m $164m
Total debt $326m $52.9m
Debt to equity — 17.3%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 691 298
Market value $8.69bn $1.61bn
Price vs our value range — —
Moat score 8 (Weak) —
Insider trades, 12 months 0 buys, 16 sales 1 buys, 16 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.