Ibrx.O
IBRX.O is a biotechnology company focused on pharmaceuticals and medical research, generating revenue primarily through the development and commercialization of biotech products.
Business. IBRX.O is a biotechnology and medical research company operating within the healthcare sector. The firm engages in pharmaceuticals and medical research activities, with no specific operating segments or geographic breakdowns provided in the available data. Headquarters location and primary exchange listing details are not specified in the source information.
Analyst recommendations
5 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
IBRX.O is a biotechnology and medical research company operating within the healthcare sector. The firm engages in pharmaceuticals and medical research activities, with no specific operating segments or geographic breakdowns provided in the available data. Headquarters location and primary exchange listing details are not specified in the source information.
IBRX.O has a market capitalization of $8.2 billion and a negative net income of $351.4 million, indicating a significant financial loss. The company's liquidity position is characterized by a current ratio of 5.1, suggesting strong short-term liquidity, but its total liabilities exceed total assets, resulting in a negative total equity of $500.5 million. The company's debt-to-equity ratio is -1.61, reflecting a high level of leverage and financial risk.
The company's profitability is weak, with a negative operating income of $256 million and a net loss of $351.4 million. Its return on equity is 0.7021, which is low, and its return on assets is -0.7001, indicating poor asset utilization and profitability. These metrics are below the industry median for biotechnology companies, which typically have higher returns on equity and assets.
IBRX.O's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases the company's exposure to market-specific risks and limits its ability to mitigate revenue volatility. The company's capital expenditures are relatively low at $4.25 million, suggesting a conservative approach to investment in new projects or facilities.
The company's growth trajectory is uncertain, with a negative operating cash flow of $304.9 million and a free cash flow of $342.3 million. These figures indicate that the company is not generating sufficient cash to sustain operations or fund growth initiatives. The company's revenue has not shown significant growth in recent periods, and there are no clear indicators of future revenue expansion.
The company faces several risk factors, including a high level of debt and a negative net income. The risk assessment indicates a medium liquidity risk and a low dilution risk. The company's negative net cash position after subtracting total debt is a key flag, suggesting potential difficulties in meeting short-term obligations. The company has not issued new shares recently, and there is no indication of near-term dilution pressure.
Recent events, including analyst estimates and price targets, suggest a mixed outlook for the company. The mean price target is $14.80, with a median of $13.00, indicating a potential for stock price appreciation. However, the company's financial performance and risk profile suggest that this appreciation may be speculative rather than based on strong fundamentals.
- IBRX.O has a negative net income and a high debt-to-equity ratio, indicating significant financial risk.
- The company's liquidity position is strong in the short term but weak in the long term due to negative net equity.
- IBRX.O's profitability metrics are below industry medians, suggesting poor performance relative to peers.
- The company's revenue is not diversified across segments or geographies, increasing exposure to market-specific risks.
- Analysts have a mixed outlook, with a mean price target of $14.80, but the company's financial fundamentals do not support this optimism.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -0,26 |
| Revenue | —no estimate | —no estimate | 209,5M USD |
| Operating income | —no estimate | —no estimate | -205,8M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Stock Option (right to buy) → Common StockAcquired 65 600 @ $7,25grant · 2026-06-09
- Director · Stock Option (right to buy) → Common StockAcquired 65 600 @ $7,25grant · 2026-06-09
- Director · Stock Option (right to buy) → Common StockAcquired 65 600 @ $7,25grant · 2026-06-09
- Director · Stock Option (right to buy) → Common StockAcquired 65 600 @ $7,25grant · 2026-06-09
- Director · Stock Option (right to buy) → Common StockAcquired 65 600 @ $7,25grant · 2026-06-09
- Director · Stock Option (right to buy) → Common StockAcquired 65 600 @ $7,25grant · 2026-06-09
- Director, See remarks, 10% owner · Second Amended and Restated Convertible Promissory Note → Common StockDisposed — @ $5,43conversion · 2026-03-31
- Director · Stock Option (right to buy) → Common StockDisposed 25 000 @ $2,98exercise · 2026-02-23
- Director, CEO & President · Restricted Stock Units → Common StockDisposed 152 439exercise · 2026-02-22
- Director · Restricted Stock Units → Common StockDisposed 15 243exercise · 2026-02-22
- Chief Accounting Officer · Restricted Stock Units → Common StockDisposed 4 065exercise · 2026-02-22
- Chief Financial Officer · Restricted Stock Units → Common StockDisposed 40 650exercise · 2026-02-22
- Director, See remarks, 10% owner · Restricted Stock Units → Common StockDisposed 114 329exercise · 2026-02-22
- Chief Accounting Officer · Restricted Stock Units → Common StockDisposed 5 482exercise · 2026-02-10
- Chief Financial Officer · Restricted Stock Units → Common StockDisposed 82 236exercise · 2026-02-10
- Director, See remarks, 10% owner · Restricted Stock Units → Common StockDisposed 274 122exercise · 2026-02-10
- Director, CEO & President · Restricted Stock Units → Common StockDisposed 274 122exercise · 2026-02-10
- Director · Stock Option (right to buy) → Common StockDisposed 25 000 @ $2,98exercise · 2026-01-20
- Director · Stock Option (right to buy) → Common StockDisposed 50 000 @ $2,98exercise · 2026-01-16
- Director, CEO & President · Restricted Stock Units → Common StockDisposed 34 483exercise · 2025-12-31
- Chief Financial Officer · Restricted Stock Units → Common StockDisposed 30 397exercise · 2025-12-31
- Director · Stock Option (right to buy) → Common StockAcquired 146 020 @ $2,36grant · 2025-12-12
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- IBRX.O Market data — financials · 2026-05-28
- Immunitybio Inc Market data — analyst estimates · 2026-05-28
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$136M
- Investment Managers · as of 2026-03-310,00 %$23M
- Investment Managers · as of 2026-03-310,00 %$62M
- Investment Managers · as of 2026-03-310,00 %$25M
- Investment Managers · as of 2026-03-310,00 %$19M
- Investment Managers · as of 2026-03-310,00 %$19M
- Investment Managers · as of 2026-03-310,00 %$31M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2024-06-300,00 %$72M
- Institutional Investor · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2025-12-310,00 %$65M
- Investment Managers · as of 2026-03-310,00 %$4M
- Brokerage Firms · as of 2026-03-310,00 %$3M
- Brokerage Firms · as of 2026-03-310,00 %$4M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Funds · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2024-12-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Leadership
- Richard AdcockPresident, Chief Executive Officer, Director
Insider activity
- Director · Common StockSold 23 033 @ $7,18$165K · 2026-06-04
- Director, See remarks, 10% owner · Common StockOther 4 606 596 @ $5,43$25,0M · 2026-03-31
- Director · Common StockSold 75 000 @ $12,01$901K · 2026-02-24
- Director · Common StockSold 25 000 @ $10,00$250K · 2026-02-23
- Director · Common StockOther 25 000 @ $2,98$74K · 2026-02-23
- Director · Common StockSold 165 000 @ $10,25$1,7M · 2026-02-23
- Chief Accounting Officer · Common StockOther 4 065 · 2026-02-22
- Director, See remarks, 10% owner · Common StockOther 58 170 @ $8,70$506K · 2026-02-22
- Chief Financial Officer · Common StockOther 40 650 · 2026-02-22
- Chief Financial Officer · Common StockOther 20 682 @ $8,70$180K · 2026-02-22
- Director, See remarks, 10% owner · Common StockOther 114 329 · 2026-02-22
- Chief Accounting Officer · Common StockOther 1 673 @ $8,70$15K · 2026-02-22
- Director, CEO & President · Common StockOther 152 439 · 2026-02-22
- Director, CEO & President · Common StockOther 77 560 @ $8,70$675K · 2026-02-22
- Director · Common StockOther 15 243 · 2026-02-22
- Director · Common StockOther 6 026 @ $8,70$52K · 2026-02-22
- Director · Common StockSold 10 000 @ $9,25$92K · 2026-02-20
- Chief Financial Officer · Common StockOther 42 643 @ $6,93$296K · 2026-02-10
- Director, See remarks, 10% owner · Common StockOther 118 560 @ $6,93$822K · 2026-02-10
- Chief Accounting Officer · Common StockOther 5 482 · 2026-02-10
- Director, See remarks, 10% owner · Common StockOther 274 122 · 2026-02-10
- Chief Accounting Officer · Common StockOther 2 257 @ $6,93$16K · 2026-02-10
- Director, CEO & President · Common StockOther 274 122 · 2026-02-10
- Director, CEO & President · Common StockOther 140 048 @ $6,93$971K · 2026-02-10
- Chief Financial Officer · Common StockOther 82 236 · 2026-02-10
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Return on equity (FY 2025-12-31): 70.2%Derived (calculated)
- Net margin (FY 2025-12-31): -310.3%Derived (calculated)
- Return on assets (FY 2025-12-31): -70.0%Derived (calculated)
- Current ratio (FY 2025-12-31): 5.10xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): -2.00xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -44.2%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -38.4%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 35.6%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 38.7%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 15.0%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 22.1%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 25.6%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 668.3%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -2.3%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 31.1%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 15.0%Derived (calculated)
- Capex (annual): USD 3.85MSEC XBRL filing
- Shares outstanding (annual): 1.01BSEC XBRL filing
- Revenue (annual): USD 113.29MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES -0SEC XBRL filing
- Pre-tax income (annual): USD -351.61MSEC XBRL filing
- Operating income (annual): USD -256.03MSEC XBRL filing
- Cost of revenue (annual): USD 753KSEC XBRL filing
- Total assets (annual): USD 501.9MSEC XBRL filing