ImmunityBio Q3 revenue jumps on ANKTIVA demand

Reuters11-05
ImmunityBio Q3 revenue jumps on ANKTIVA demand

Overview

  • ImmunityBio Q3 2025 product revenue up 434% yr/yr, driven by ANKTIVA demand

  • Company's cash position rose to $257.8 mln as of September 30, 2025

Outlook

  • ImmunityBio did not provide specific financial guidance for future quarters or the full year

Result Drivers

  • ANKTIVA DEMAND - Strong demand for ANKTIVA in NMIBC CIS drives 434% increase in product revenue, per CEO Richard Adcock

  • CASH POSITION - Cash, cash equivalents, and marketable securities rose to $257.8 mln as of September 30, 2025

  • R&D EXPENSES - Research and development (R&D) expense increased $0.8 million to $51.2 million during the three months ended September 30, 2025, as compared to $50.4 million during the three months ended September 30, 2024

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

-$67.27 mln

Q3 Operating Income

-$55.63 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy"

  • Wall Street's median 12-month price target for Immunitybio Inc is $8.00, about 74% above its November 4 closing price of $2.08

Press Release: ID:nBw8nBplza

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment