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IOVA · Iovance Biotherapeutics, Inc.

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$7.76 +0.13 (+1.70%) At close · Nov 13
Market Cap
$3.59B
Shares
462.66M
Volume · Nov 13 11.68M Avg daily vol (3M) 16.1M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$7.76 Open$7.80 Day$7.46–7.83 52W close$2.14–14.86 Avg vol 30d14.7M Short int65.2M · 14.1% of shares · 4.2d Short vol35% Last earningsNov 5, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 5

Up next

Feb 23, 2027 Est · unconfirmed · in 14 wks

Latest documents

2026
Nov 5
Earnings call
Revenue Hits $122 Million, Guidance Reaffirmed

Iovance reported third-quarter revenue of about $122 million, up 80% year-over-year, and 60% margin. It reaffirmed full-year revenue guidance of $410 to $420 million, expects cash to fund operations well into 2029, and plans a lung-cancer SBLA in 2027.

5 source passages
Total revenue, once again, achieved a new quarterly record of about $122 million, up 80% year-over-year, as I mentioned, and 22% sequentially. Margin is at an all-time high of 60%, 6-0, and operating expenses reflected disciplined, intentional allocation of capital to our highest return priorities. We are reaffirming our recently updated full-year revenue guidance range of $410 to $420 million. Together, with robust revenue and careful capital allocation, this cash position is now expected to fund operations well into 2029, giving us the runway to execute on our growth plan from a position of strength. Looking ahead, we are confident in our plans to submit a Supplemental Biologics License Application, or SBLA, in 2027. Open the document at this passage
Nov 5
Current report 8-K
2026 revenue guidance raised to $410M — $420M

Iovance Biotherapeutics raised Full Year 2026 revenue guidance to $410M — $420M from $350M — $370M, reporting 3Q26 revenue of ~$122M and cash of ~$382M. It plans a 2027 Amtagvi supplemental Biologics License Application submission in second-line non-squamous mNSCLC.

Other events
4 source passages
Iovance Biotherapeutics, Inc. (the “Company”) updated its corporate presentation that it uses for presentations at healthcare conferences and to analysts, current stockholders, and others. Financial Position & Outlook Full Year 2026 Revenue Guidance Raised from $350M — $370M $410M — $420M* 3Q26 Revenue ~$122M ~80% YoY | ~22% QoQ 3Q26 Margin1 ~60% 54% YTD Cash position2 ~$382M As of September 30, 2026 Cash runway well into 2029 FDA Fast Track Designation in Second-Line Non-squamous mNSCLC Planned sBLA submission to U.S. FDA in 2027 Approved Canada EU Australia Switzerland UK U.S. Potential Approval 1Q 2027 Planned 2027 Submission Amtagvi Open the document at this passage
Nov 5
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Product sales surge as net loss narrows

Iovance reported product revenue increases of $54.0 million, or 80%, and $115.5 million, or 65%, for the three and nine months ended September 30, 2026. Net loss declined $69.0 million, or 76%, and $170.4 million, or 53%.

Revenue $121.47M ▲ 80.1% Net loss $22.27M Diluted EPS -$0.05
Read from the MD&A section
3 source passages
Iovance was founded to build upon the promise of TIL cell therapy initially developed at academic research centers, including the National Cancer Institute, or the NCI. Revenue for the three and nine months ended September 30, 2026 increased by $54.0 million, or 80%, and by $115.5 million, or 65%, compared to the same periods in 2025. Net loss for the three and nine months ended September 30, 2026 decreased by $69.0 million, or 76%, and $170.4 million, or 53%, compared to the same periods in 2025. Open the document at this passage
Nov 5
Current report 8-K
Record third-quarter revenue supports full-year guidance

Iovance Biotherapeutics posted record third-quarter 2026 revenue of ~$122 million, up ~80%, with ~60% gross margin. It remained on track for 2026 revenue guidance of $410 to $420 million and reported ~$382 million cash expected to fund operations well into 2029.

Financial results
5 source passages
Iovance Biotherapeutics, Inc. (NASDAQ: IOVA), a commercial biotechnology company focused on innovating, developing, and delivering novel polyclonal tumor infiltrating lymphocyte (TIL) therapies for patients with cancer, today reported third quarter 2026 financial results, business achievements, and corporate updates. Total product revenue was ~$122 million, an increase of ~80% from ~$67 million in 3Q25 and ~22% from ~$99 million in 2Q26. Gross margin^1^ was ~60%, compared to 56% in 2Q26, reflecting higher Amtagvi sales volume and effective internal cost optimization programs spanning all of product production. Iovance remains on track towards achieving its guidance range of $410 to $420 million in total product revenue in 2026. As of September 30, 2026, Iovance’s cash position^5^ was ~$382 million, and current cash is expected to fund operations well into 2029. Open the document at this passage
Oct 29
Current report 8-K
Biomarker-enriched lifileucel subgroup achieves 59.1% ORR

Iovance Biotherapeutics, Inc. reported 24.6% ORR in 69 previously treated non-squamous mNSCLC patients, while a biomarker-enriched lifileucel subgroup achieved 59.1% ORR. POSITILITY enrollment begins November 2026, supporting a planned 2027 sBLA.

Other events
5 source passages
Iovance Biotherapeutics, Inc. (NASDAQ: IOVA), a commercial biotechnology company developing and delivering tumor infiltrating lymphocyte (TIL) therapies for cancer, today announced updated results from Cohorts 1 and 2 of its Phase 2 IOV-LUN-202 trial and a first-in-class biomarker-enriched precision TIL strategy for lifileucel in previously treated non-squamous mNSCLC. As of the October 14, 2026 data cutoff, 17 of 69 patients responded, representing an ORR of 24.6%, consistent with the 25.6% ORR previously reported in 39 patients. This subgroup represented less than one-third of the broader study population (22 of 69 patients) but accounted for more than three-quarters of the observed responses (13 of 17), with an ORR of 59.1% (13 of 22 patients). IOV-LUN-202 Cohorts 1 and 2 are completing enrollment and support the planned sBLA for lifileucel in non-squamous mNSCLC in 2027. Iovance has launched POSI*TIL*ITY as a first-in-class, prospective, biomarker-enriched cohort within the ongoing IOV-LUN-202 program, with enrollment to begin in November 2026 at the first of over 70 existing IOV-LUN-202 sites. Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$378.98M
Trailing 12 months
Net income (TTM)
−$220.53M
Trailing 12 months
Revenue growth YoY
+80.1%
Year over year
Operating margin
-60.8%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
-6.0%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$376.32M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+25.2%
Year over year · more shares
Price change (1Y)
+222.0%
Trailing year
Short interest
14.1%
Latest settlement · 4.2 days to cover
View all 125 metrics

AI Brief

Q3 FY26 earnings call · Nov 5, 2026
Q3 FY26

TL;DR. Record revenue of about $122 million, approximately 60% gross margin, strong Amtagvi growth, reaffirmed $410 to $420 million revenue guidance, a cash runway extending well into 2029, and a 59.1% response rate in a biomarker-selected lung cancer subgroup supported the outlook. Iovance nevertheless reported operating and net losses, while risks remain around clinical trials, manufacturing capacity, revenue generation and near-term profitability, market acceptance and reimbursement, and regulatory approval.

Bullish
  • + Total revenue reached a record of about $122 million, up 80% year-over-year and 22% sequentially.
  • + Gross margin reached a record of approximately 60% for the second consecutive quarter.
  • + U.S. Amtagvi sales of around $102 million increased 77% year-over-year, reflecting strong demand and broad adoption.
  • + Management remains on track to achieve full-year revenue guidance of $410 to $420 million.
  • + The company held approximately $382 million in cash and expects it to fund operations well into 2029.
  • + A biomarker-enriched non-squamous non-small cell lung cancer subgroup demonstrated a 59.1% response rate.
Bearish
  • − The company reported a loss from operations of (23,968).
  • − The company reported a net loss of (22,271).
  • − Clinical trials may face delays, miss their primary endpoints, or fail to support approval.
  • − Manufacturing-capacity expansion could adversely affect commercial or clinical supply.
  • − Commercialization may not generate sufficient revenue or profitability in the near term.
  • − Market acceptance or payor reimbursement may be insufficient to support continued commercialization or development.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical Neutral Momentum Strong Sentiment Neutral Fundamentals Strong Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Neutral
50 / 200-day cross No cross
Price vs 200-day avg +27%
above
Price vs 50-day avg −32%
below
RSI (14) 33
neutral
MACD trend Negative
52-week position 44%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Strong
1-month return −43%
trailing
6-month return +89%
trailing
YTD return +184%
this year
Relative strength +89%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $11 › 200d $6 — 50d above 200d
Institutional flow Accumulating
276 of 294 funds reported for Sep 30 · net +3.3M sh shares · +59 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
14.09% of shares out · ▲ +10.6% MoM · 4.2 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
294 holders — mid 3-yr range
Squeeze score 67
elevated · 0–100
Fundamentals
Strong
EPS growth +15%
Y/Y
Free cash flow $-336.2M
Balance sheet $162.1M
net cash
Quant / Vol
risk profile
Very High
Volatility 108%
annualized · 1-yr
Max drawdown −49%
past year
ATR 11.9%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 2 of last 2
Latest guidance · from the 8-K filed Aug 6, 2026
FY26 total revenue · FY26 Maintained $350M – $370M
May 7, 2026 $350M – $370M changed to Aug 6, 2026 $350M – $370M
prior FY $263.5M midpoint +36.6% Y/Y
Previous outlook earlier release · from the 8-K filed May 7, 2026

Still-open targets the latest release did not restate under the same label.

Total product revenue · FY26 $350M – $370M
Prior guidance period ended · from the Earnings Call filed May 7, 2026
Total revenue · second quarter $86M – $88M
Guided vs delivered · last 2 settled
Total revenue second quarter
guided $86M – $88M
$99.31M Beat +14.2%
Full-year 2025 revenue Full-year 2025
guided $250M – $300M
$263.5M In line

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral
2 · 4 · 1
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+27% Bullish
Price vs 50-day avg
−32% Bearish
RSI (14)
33 Neutral
MACD trend
Negative Bearish
52-week position
44% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross) No cross
50d $11 › 200d $6 — 50d above 200d
Institutional flow Accumulating
276 of 294 funds reported for Sep 30 · net +3.3M sh shares · +59 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
14.09% of shares out · ▲ +10.6% MoM · 4.2 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
294 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $2 Now $8 · 44% Range high $15
vs 200-day avg +27% vs 50-day avg -32%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Amtagvi manufacturing turnaround time 31 Q2 2026 —
Authorized treatment center (ATC) network 95 Q2 2026 —
Cash position $304M As of June 30, 2026 —
Gross margin 56% Q2 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Biotechnology — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
IOVA
Iovance Biotherapeutics, Inc.
this stock
$3.59B +184.2% +60.6% — 14.1%
VRTX
Vertex Pharmaceuticals Inc
$136.56B +18.8% +46.2% 34.7 1.9%
REGN
Regeneron Pharmaceuticals, Inc.
$98.84B +23.8% +20.8% 21.1 2.1%
MRNA
Moderna, Inc.
$90.38B +657.4% +4.3% — 8.2%
CSLLY
Csl Ltd
$66.05B — — — 0.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
332
% held
64.5%
Reported
276 of 294
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
201
View
Short & Settlement
Short Interest Rising
Shares short
65.2M
Days to cover
4.2d
Change
+6.3M sh
View
Short Volume
Short vol %
35%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
316
Value
$4.6K
As of
Oct 13, 2026
View
Off-Exchange
Off-exchange %
49.9%
Week of
Oct 5, 2026
Off-exch Lit
View
Financials
Financials
Revenue (FY)
$263.5M
Net income (FY)
$-391.0M
EPS diluted
$-1.09
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 5, 2026
This year
25

Iovance Biotherapeutics raised Full Year 2026 revenue guidance to $410M — $420M from $350M — $370M, reporting 3Q26 revenue of ~$122M and cash of ~$382M. It plans a 2027 Amtagvi supplemental Biologics License Application submission in second-line non-squamous mNSCLC.

View
Proposed Sales
Value
$503.1K
Shares
50.0K
Filed
Nov 12, 2024
View
Earnings & Events
Webcasts
Last webcast
Nov 5, 2026
View
Investor Relations
Latest news
Iovance Reports Updated IOV-LUN-2…
Published
Oct 29, 2026
View

Performance

5D 20D 120D MTD YTD
IOVA -3.5% -43.0% +89.3% -8.5% +184.3%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -6.1% -41.9% +88.8% -8.3% +173.6%
Key facts CIK 1425205 CUSIP 462260100 13F (30d) 258 filings 237 filers Visit website Investor relations