Immunitybio, Inc. income statement
In fiscal 2025, Immunitybio, Inc. reported revenue of $113m, up 668.3% on the year before, operating income of −$256m (a -226.0% margin) and net income of −$351m, or −$0.38 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | 0 | 1 | 15 | 113 | 166 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 1 | 1 |
| Gross profit | — | — | — | — | — | — | — | — | — | 0 | 1 | 15 | 113 | 165 |
| Research and development | 0 | 2 | 11 | 29 | 42 | 56 | 112 | 140 | 196 | 248 | 232 | 190 | — | — |
| Selling, general and administrative | 2 | 5 | 228 | 95 | 57 | 43 | 46 | 71 | 135 | 103 | 130 | 169 | — | — |
| Operating income | — | −6 | −239 | −125 | −99 | −98 | −156 | −221 | −330 | −351 | −362 | −344 | −256 | −252 |
| Interest expense | 0 | 0 | 0 | 0 | 1 | — | 6 | 9 | 15 | 64 | 129 | 115 | 61 | — |
| Income before tax | — | −6 | −237 | −121 | −97 | −97 | −160 | −226 | −350 | −417 | −584 | −414 | −352 | −993 |
| Income tax | 0 | 0 | −0 | −1 | −0 | −1 | −0 | −2 | 0 | 0 | −0 | 0 | −0 | −0 |
| Net income | −2 | −6 | −237 | −121 | −96 | −96 | −158 | −222 | −347 | −417 | −583 | −414 | −351 | −992 |
| Diluted EPS | −$0.26 | −$0.75 | −$3.31 | −$1.47 | −$1.20 | −$1.22 | −$0.43 | −$0.59 | −$0.89 | −$1.04 | −$1.15 | −$0.62 | −$0.38 | −$0.99 |
| Diluted shares (average) | 8m | 8m | 72m | 82m | 81m | 79m | 366m | 377m | 389m | 400m | 509m | 700m | 920m | 1,004m |
| EBITDA | — | −6 | −237 | −121 | −94 | −89 | −142 | −208 | −316 | −333 | −344 | −327 | −241 | −236 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 8 | 17 | 26 | 32 | 38 | 44 | 51 |
| Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross profit | 6 | 8 | 16 | 26 | 32 | 38 | 44 | 51 |
| Research and development | 50 | 35 | — | — | — | — | — | — |
| Selling, general and administrative | 36 | 42 | — | — | — | — | — | — |
| Operating income | −80 | −69 | −64 | −71 | −56 | −65 | −70 | −62 |
| Interest expense | 29 | 26 | 15 | 15 | 15 | 15 | — | — |
| Income before tax | −86 | −59 | −130 | −92 | −67 | −62 | −633 | −230 |
| Income tax | 0 | 0 | −0 | 0 | −0 | −0 | 0 | 0 |
| Net income | −86 | −59 | −130 | −93 | −67 | −62 | −633 | −230 |
| Diluted EPS | −$0.14 | −$0.09 | −$0.15 | −$0.10 | −$0.07 | −$0.06 | −$0.62 | −$0.22 |
| EBITDA | −76 | −65 | −61 | −68 | −52 | −61 | −65 | −57 |
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