IOVANCE BIOTHERAPEUTICS, INC. (IOVA) FY2025 10-K Annual Report

Filed: Feb 24, 2026
Health Care
Biological Products, (No Diagnostic Substances)SEC EDGAR

IOVANCE BIOTHERAPEUTICS, INC. (IOVA) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 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.

IOVANCE BIOTHERAPEUTICS, INC. FY2025 10-K Analysis

Business Overview

  • Core business: Commercial-stage biopharma pioneering individualized tumor infiltrating lymphocyte (TIL) cell therapies for solid tumor cancers
  • New/regulatory: Amtagvi approved in U.S. and Canada, pending UK/Australia 2026 approvals, withdrawn and resubmitting EU MAA in 2026
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Management Discussion & Analysis

  • Revenue $263.5M, up 61% YoY; Amtagvi $220.0M (up $116.5M), Proleukin $43.5M (down $17.0M)
  • Cost of sales $173.2M, up 86%; R&D $300.3M, up 9%; SG&A flat at $152.3M; total expenses $666.9M, up 19%
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Risk Factors

  • Cybersecurity risk from internal systems and CROs, requiring increased resources to counter sophisticated threats
  • Dependency on IT infrastructure vulnerable to security breaches impacting business operations
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IOVANCE BIOTHERAPEUTICS, INC. FY2025 Key Financial Metrics
XBRL

Revenue

$264M

+60.6% YoY

Net Income

-$391M

-5.1% YoY

Operating Margin

-153.1%

+8785bp YoY

Net Margin

-148.4%

+7846bp YoY

ROE

-56.0%

-358bp YoY

Total Assets

$913M

+0.3% YoY

EPS (Diluted)

$-1.09

+14.8% YoY

Operating Cash Flow

-$302M

+14.3% YoY

Source: XBRL data from IOVANCE BIOTHERAPEUTICS, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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