ImmunityBio, Inc. IBRX

NASDAQ | Biotech | Biotech / Immunotherapy for cancer
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Updated: 5 Sep 2026 Base analysis: 18 Jul 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Partly clear

Wait for Q2 report in August before taking new positions

Strong revenue growth and regulatory expansion balance high burn rate and dilution risk, supporting the hold signal.

Market sentiment Positive ↑
Trend: Improving

Predominantly positive on social media with focus on international expansion and sequential revenue growth, despite EPS miss from non-cash items.

Risk assessment High
Dilution: High High cash burn and negative cash flow require new capital
Jurisdiction: Low Operations primarily in USA and Europe
Execution: High Dependent on successful commercial launch of ANKTIVA
Cash flow: 9 mo

HOLD is the call. Positive is the market mood. High risk means a lot can go wrong.

Latest change
  • 5 Aug 2026 — Report issued 4 August shows sequential revenue growth and UAE approval as the drivers behind updated key figures.
About the company

ImmunityBio develops immunotherapies for cancer and infectious diseases. The lead product ANKTIVA is an IL-15 superagonist approved for non-muscle invasive bladder cancer in combination with BCG. The company is in early commercialization with strong revenue growth but continues to post large losses.

Sector: Biotech / Immunotherapy for cancer
Type: Biotech
Next report (Q3)
15 Nov 2026
Catalysts
●
6 Jan 2027
FDA decision sBLA papillary NMIBC High
◐
Nov 2026
Q3 2026 sales data High
○
Q4 2026
Global expansion Europe/Saudi Arabia Medium
Bull case

Strong sequential ANKTIVA revenue growth and broader international approvals strengthen the commercial case.

Bear case

High operating burn rate and complex capital structure continue to drive large GAAP losses.

Why this signal

Strong revenue growth and regulatory expansion balance high burn rate and dilution risk, supporting the hold signal.

Recent news
  • Dr. Jim Yong Kim was appointed Vice Chairman in August to lead global expansion. ImmunityBio entered a partnership with Accord Healthcare for EU distribution and announced $100M financing of which $75M is non-dilutive. An FDA warning letter regarding promotional claims for ANKTIVA has been issued.

Key figures

Revenue
Q2 2026
USD 50.7M
Revenue TTM
H1 2026
USD 94.8M
Net income
Q2 2026
USD -863M
Cash
Q2 2026
USD 350M
Exchange
NASDAQ
Type
Biotech
Sector
Biotech / Immunotherapy for cancer
ImmunityBio, Inc. IBRX
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