Iovance Biotherapeutics Inc logo

Iovance Biotherapeutics Inc(IOVA)

Top Performer Top performer
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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
4-STAR RATING
REGULAR BUY
BUY for 51 days
PROFIT SINCE LAST BUY
+136.05% ▲
LAST CLOSE
$11
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for IOVA

09/25/2026: IOVA (4-star) is a STRONG-BUY. BUY for 51 days. Simulated Profits (136.05%). Updated daily EoD!

Iovance Biotherapeutics is an innovative biotechnology firm that has achieved a milestone with the FDA approval of Amtagvi, its TIL cell therapy for solid tumors. The company's main strength is its proprietary platform that empowers the immune system to combat cancer, effectively creating a first-mover advantage in this space. Its primary growth opportunity lies in expanding the use of its therapy to a broader range of cancer types. However, the company faces significant execution and competition risks, given the complex logistics of its patient-specific treatments and the substantial resources of oncology giants. It is suited for growth-oriented investors who are comfortable with the inherent volatility of the biotech sector.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company provides pure-play exposure to the nascent and high-potential TIL cell therapy segment.
Momentum investorMixed fitMomentum depends heavily on positive news flow regarding commercial adoption and future clinical readouts.
Value investorWeak fitAs a pre-profit, R&D-intensive biotech, it does not meet traditional value metrics.
Dividend investorWeak fitThe company is in a growth phase and does not pay dividends.
Low-risk investorWeak fitThe biotech sector and early-stage commercial rollouts carry high volatility and execution risk.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighBiotech stocks are sensitive to clinical trial outcomes and regulatory news.
Valuation riskHighValuations are often speculative, based on long-term growth expectations rather than current earnings.
Competition risk (oncology)Medium / highEstablished players have massive resources to challenge Iovance's market position.
Business qualityMediumThe business is at a critical transition from clinical research to commercial manufacturing.
Dividend incomeLow / noneNo dividends are expected as capital is prioritized for clinical development.
Execution riskHighScaling complex patient-specific therapies requires flawless logistics and clinical site adoption.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit 132.31%
Avg. Invested days 22
Today’s Advisory Regular Buy
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
IOVA receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, and limited analyst upside.

Company Fundamentals

★★★★★
IOVA has moderate overall fundamentals (3 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong revenue growth (+60.6%) is partially offset by negative earnings growth (-5.1%), soft cash generation (FCF margin -127.6%), soft profitability (net margin -148.4%).

Financial Health Rating

★★★★★
IOVA's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 33.3%). Cash strength is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is IOVA's strongest growth driver at +60.6% FY2025 versus FY2024 (strong, 5 stars). By comparison, while earnings growth (-5.1%, negative) and free-cash-flow growth (+7.6%, moderate) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 70.7% and approximately 87.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.35%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 6.86%
Mhr Fund Management Llc 6.39%
Two Sigma Investments LLC 4.20%
State Street Corp 3.85%
Vanguard Capital Management, LLC 3.67%

Unit Economics (Per $1K Revenue)

★★★★★
IOVA generates approximately $972 of gross profit, $-1,531 of operating income, and $-1,276 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.53%

Quantitative Style Profile

★★★★★
IOVA has a liquid profile. Valuation that is moderately attractive rather than deeply discounted is the primary drawback.

Style Classification

Quality Focused

Momentum LeaderSmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.89B USD
Price to earnings Ratio -
1Y Target Price 10.7
Price to earnings Ratio -
1Y Target Price 10.7
Volume (30-day avg) 15.3M shares
Beta 0.83
52 Weeks Range 1.76 - 11.13
Updated Date 09/25/2026
52 Weeks Range 1.76 - 11.13
Updated Date 09/25/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.69

How Company Makes Money

Business areaWhat it includesRetail investor read
Product RevenueSales of Amtagvi (lifileucel) and potential future approved therapies.Revenue comes from selling high-cost, personalized cancer treatments to hospital systems.
GeographyPrimarily US market operations currently.The company's commercial success is currently tied to US-based oncology centers.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 4.55B
Price to Sales(TTM) 15.05
Enterprise Value 4.55B
Price to Sales(TTM) 15.05
Enterprise Value to Revenue 14
Enterprise Value to EBITDA -8.68
Shares Outstanding 452.97M
Shares Floating 394.31M
Shares Outstanding 452.97M
Shares Floating 394.31M
Percent Insiders 0.35
Percent Institutions 70.67

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Iovance Biotherapeutics Inc

Exchange NASDAQ
Headquarters San Carlos, CA, United States
IPO Launch date 2010-10-15
Interim CEO, President, General Counsel, Corporate Secretary & Director Dr. Frederick G. Vogt Esq., J.D., Ph.D.
Sector Healthcare
Industry Biotechnology
Full time employees 975
Full time employees 975

Iovance Biotherapeutics, Inc., a commercial-stage biopharmaceutical company, develops and commercializes cell therapies using autologous tumor infiltrating lymphocyte for the treatment of metastatic melanoma and other solid tumor cancers in the United States and internationally. The company offers Amtagvi, an individualized T cell therapy for solid tumor cancer and for the treatment of adult patients with previously treated advanced, or unresectable or metastatic melanomal; and Proleukin, an interleukin-2 product for the treatment of patients with metastatic melanoma and metastatic renal cell carcinoma. It also develops lifileucel for the treatment of melanoma, cervical cancer, non-small cell lung cancer (NSCLC), endometrial cancer, and head and neck squamous cell carcinoma (HNSCC); LN-145-S1 to treat melanoma and HNSCC; LN-145 Gen 3 and core biopsy for the treatment of NSCLC; LN-145 Gen 3 to treat melanoma and HNSCC; IOV-2001 to treat chronic lymphocytic leukemia and small lymphocytic lymphoma; IOV-4001 for the treatment of melanoma and NSCLC; and IOV-3001 for use in the TIL therapy treatment regimen. The company has collaborations and licensing agreements with National Institutes of Health; the National Cancer Institute; Cellectis S.A.; Novartis Pharma AG; and Boehringer Ingelheim Biopharmaceuticals GmbH. The company was formerly known as Lion Biotechnologies, Inc. and changed its name to Iovance Biotherapeutics, Inc. in June 2017. Iovance Biotherapeutics, Inc. was incorporated in 2007 and is headquartered in San Carlos, California.