ImmunityBio, Inc. (IBRX) FY2025 10-K Annual Report

Filed: Feb 23, 2026
Health Care
Biological Products, (No Diagnostic Substances)SEC EDGAR

ImmunityBio, Inc. (IBRX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 23, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

ImmunityBio, Inc. FY2025 10-K Analysis

Business Overview

  • Core business: Development and commercialization of biologic drugs, with focus on regulatory approvals and post-marketing requirements
  • New emphasis on commercialization efforts for approved product ANKTIVA and building sales, marketing, and distribution capabilities
+3 more insights

Management Discussion & Analysis

  • Revenue started from ANKTIVA sales since May 2024; no dollar amounts or YoY change disclosed
  • Operating expenses expected to increase substantially due to commercialization and R&D expansion; no margin % figures provided
+3 more insights

Risk Factors

  • Regulatory risk from potential NCCN guideline decision on BCG-unresponsive NMIBC papillary-only disease expansion expected Q1/Q2 2026
  • Geopolitical exposure via dependency on 33 countries with ANKTIVA approval including US, UK, EU, Saudi Arabia, and MENA launches
+3 more insights

ImmunityBio, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$113M

+668.3% YoY

Net Income

-$351M

+15.0% YoY

Operating Margin

-226.0%

+210823bp YoY

Net Margin

-310.2%

+249459bp YoY

ROE

70.2%

-1434bp YoY

Total Assets

$502M

+31.1% YoY

EPS (Diluted)

$-0.38

+38.7% YoY

Operating Cash Flow

-$305M

+22.1% YoY

Source: XBRL data from ImmunityBio, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

Get deeper insights on ImmunityBio, Inc.

Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.