Financial Statements — IBRX
Balance Sheet
(in billions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.08 | 0.21 | 0.06 | 0.14 | 0.06 | 0.11 | 0.13 | 0.13 | 0.18 | 0.04 | 0.09 | 0.10 | 0.06 | 0.04 | 0.06 | 0.08 | 0.04 |
| Short-term Investments | 0.28 | 0.18 | 0.20 | 0.02 | 0.00 | 0.02 | 0.09 | 0.04 | 0.01 | 0.00 | 0.00 | 0.01 | 0.02 | 0.16 | 0.02 | 0.02 | 0.04 |
| Accounts Receivable | 0.05 | 0.04 | 0.03 | 0.02 | 0.02 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 0.44 | 0.45 | 0.33 | 0.21 | 0.11 | 0.16 | 0.24 | 0.20 | 0.22 | 0.07 | 0.11 | 0.14 | 0.11 | 0.21 | 0.09 | 0.11 | 0.10 |
| Property, Plant & Equipment | 0.11 | 0.11 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.13 | 0.12 | 0.11 | 0.07 | 0.09 | 0.08 |
| Goodwill | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | -- | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets* | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.20 | 0.20 | 0.20 | 0.22 | 0.22 | 0.23 | 0.21 | 0.20 | 0.18 | 0.12 | 0.13 | 0.11 |
| Total Assets | 0.63 | 0.65 | 0.52 | 0.40 | 0.30 | 0.36 | 0.44 | 0.40 | 0.43 | 0.29 | 0.34 | 0.35 | 0.32 | 0.39 | 0.21 | 0.25 | 0.21 |
| Accounts Payable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.03 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 |
| Short-term Debt | -- | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 0.08 | 0.07 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.05 | 0.09 | 0.61 | 0.56 | 0.07 | 0.38 | 0.38 | 0.07 | 0.07 | 0.08 |
| Total Non-current Liabilities* | 1.60 | 1.45 | 0.99 | 0.92 | 0.85 | 1.05 | 1.08 | 1.04 | 0.75 | 0.32 | 0.31 | 0.71 | 0.36 | 0.35 | 0.34 | 0.33 | 0.31 |
| Total Liabilities | 1.67 | 1.52 | 1.04 | 0.97 | 0.89 | 1.11 | 1.14 | 1.09 | 0.84 | 0.94 | 0.88 | 0.78 | 0.74 | 0.73 | 0.40 | 0.40 | 0.39 |
| Retained Earnings | (4.59) | (4.36) | (3.66) | (3.60) | (3.50) | (3.32) | (3.23) | (3.10) | (2.73) | (2.63) | (2.49) | (2.27) | (2.16) | (2.06) | (1.87) | (1.78) | (1.69) |
| Total Stockholder Equity | (1.05) | (0.87) | (0.52) | (0.57) | (0.59) | (0.75) | (0.70) | (0.69) | (0.41) | (0.64) | (0.53) | (0.43) | (0.42) | (0.34) | (0.19) | (0.16) | (0.19) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 51.24 | 44.21 | 38.28 | 32.06 | 26.43 | 16.52 | 7.55 | 6.11 | 1.05 | 0.04 | 0.14 | 0.08 | 0.04 | 0.36 | 0.07 | 0.12 | 0.04 | 0.01 | 0.39 | 0.07 |
| Cost of Revenue* | 0.30 | 0.24 | 0.38 | 0.18 | 0.14 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 50.94 | 43.97 | 37.90 | 31.88 | 26.29 | 16.46 | 7.55 | 6.11 | 1.05 | 0.04 | 0.14 | 0.08 | 0.04 | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | -- | -- | -- | -- | -- | -- | 35.22 | 50.44 | 51.13 | 53.35 | 51.53 | 48.40 | 53.17 | 79.26 | 58.08 | 71.61 | 63.08 | 55.38 | 51.75 | 49.28 |
| Selling, General & Admin | -- | -- | -- | -- | -- | -- | 41.73 | 35.92 | 49.25 | 41.89 | 33.11 | 31.82 | 32.02 | 32.68 | 26.22 | 19.31 | 16.58 | 40.61 | 27.91 | 29.63 |
| Total Operating Expenses | 112.64 | 113.76 | 102.59 | 87.51 | 97.57 | 80.89 | 76.95 | 86.36 | 100.38 | 95.24 | 85.53 | 80.22 | 85.19 | 111.94 | 84.97 | 90.92 | 79.66 | 95.99 | 79.66 | 78.90 |
| Operating Income | (61.70) | (69.79) | (64.68) | (55.63) | (71.28) | (64.43) | (69.40) | (80.25) | (99.33) | (95.20) | (85.39) | (80.14) | (85.14) | (111.58) | (84.90) | (90.80) | (79.62) | (95.97) | (79.27) | (78.84) |
| Interest Expense | -- | -- | 14.84 | 15.26 | 15.47 | 15.31 | 26.07 | 29.32 | 29.79 | 29.48 | 32.13 | 35.02 | 32.24 | 29.82 | 28.56 | 16.76 | 9.70 | 8.49 | 4.49 | 3.61 |
| Pretax Income | (230.39) | (632.79) | (62.09) | (67.31) | (92.30) | (129.90) | (59.18) | (85.75) | (134.58) | (134.13) | (233.45) | (95.64) | (138.21) | (116.58) | (108.29) | (111.16) | (94.83) | (103.00) | (91.55) | (88.43) |
| Tax Provision | 0.00 | 0.01 | (0.13) | (0.04) | 0.27 | (0.23) | 0.00 | 0.00 | 0.00 | 0.00 | (0.04) | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (230.38) | (632.78) | (61.94) | (67.25) | (92.55) | (129.65) | (59.16) | (85.73) | (134.56) | (134.11) | (233.39) | (95.58) | (137.88) | (116.34) | (108.21) | (110.94) | (94.59) | (102.83) | (91.26) | (87.63) |
| Basic EPS | (0.22) | (0.62) | (0.06) | (0.07) | (0.10) | (0.15) | (0.07) | (0.12) | (0.20) | (0.20) | (0.37) | (0.19) | (0.32) | (0.27) | (0.26) | (0.28) | (0.24) | (0.26) | (0.23) | (0.22) |
| Diluted EPS | (0.22) | (0.62) | (0.06) | (0.07) | (0.10) | (0.15) | (0.08) | (0.14) | (0.20) | (0.20) | (0.37) | (0.19) | (0.32) | (0.27) | (0.26) | (0.28) | (0.24) | (0.26) | (0.23) | (0.22) |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (66.49) | (75.36) | (70.38) | (68.91) | (79.75) | (85.90) | (85.14) | (98.76) | (100.35) | (106.98) | (115.27) | (87.40) | (79.77) | (84.31) | (90.73) | (80.60) | (91.25) | (74.93) | (71.64) | (72.72) |
| Capital Expenditures | 3.52 | 1.78 | 0.90 | 0.74 | 1.08 | 1.12 | 2.11 | 2.79 | 0.72 | 1.26 | 7.96 | 5.68 | 8.53 | 8.43 | 18.93 | 15.94 | 15.95 | 27.35 | 10.40 | 8.03 |
| Free Cash Flow* | (70.01) | (77.14) | (71.28) | (69.65) | (80.83) | (87.03) | (87.25) | (101.55) | (101.07) | (108.24) | (123.23) | (93.08) | (88.30) | (92.74) | (109.66) | (96.53) | (107.20) | (102.28) | (82.04) | (80.75) |
| Investing Cash Flow | (107.47) | (31.65) | 43.57 | (181.36) | (16.14) | 4.13 | 9.83 | 65.03 | (51.49) | (35.62) | 2.25 | (15.63) | (8.60) | (8.48) | (18.89) | (1.17) | 116.67 | (69.31) | (137.80) | 10.58 |
| Financing Cash Flow | 44.44 | 223.93 | 54.89 | 173.52 | 172.81 | (0.98) | 106.93 | 15.58 | 148.89 | 10.23 | 200.54 | 237.50 | 43.41 | 76.89 | 109.94 | 123.99 | (0.01) | (0.30) | 325.95 | 42.66 |
* Derived from reported values