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The latest financial statement is for the quarter ending 2026-03-31.

Cash Flow Overview

Free Cash flow
-$77,135K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
    • Change in fair value of warrant ...
    • Change in fair value of related-...
    • Proceeds from equity offerings, ...
    • Others
Negative Cash Flow Breakdown
    • Purchases of marketable debt sec...
    • Cash paid for other equity secur...
    • Net share settlement for rsus ve...
    • Others

Cash Flow
2026-03-31
2025-12-31
2025-09-30
2025-06-30
Net loss
-632,797 -61,958 -67,274 -92,574
Change in fair value of warrant liabilities
295,413 -30,743 -14,905 -3,889
Change in fair value of related-party convertible note
-236,625 -191 -1,169 1,169
Non-cash interest expense related to revenue interest liability
8,317 8,634 9,310 10,019
Stock-based compensation expense
8,169 8,746 8,878 9,648
Write-off of convertible note receivable
7,442 ---
Transaction costs allocated to warrant liabilities
-0 2,063 104
Depreciation and amortization
4,380 3,865 3,951 3,880
Accretion of discounts on marketable debt securities, available-for-sale
1,526 1,704 978 11
Loss on equity method investment
-14,018 --
Realized gain on instrument-specific credit risk
1,425 ---
Change in fair value of derivative liabilities
-1,108 1,400 -289 -1,931
Non-cash lease expense related to operating lease right-of-use assets-Nonrelated Party
956 842 830 905
Non-cash lease expense related to operating lease right-of-use assets-Related Party
741 720 698 678
Non-cash interest items, net
62 63 63 62
Amortization of related-party notes discounts
-0 0 0
Unrealized losses on equity securities
-0 1 -
Impairment of intangible assets
-0 --
Other
16 82 35 211
Accounts receivable
700 10,555 9,890 5,097
Inventories
4,985 7,894 63 -1,804
Prepaid expenses and other current assets-Nonrelated Party
-1,861 -2,335 5,578 3,939
Prepaid expenses and other current assets-Related Party
1,302 -727 -738 205
Other assets
1,052 16 324 -1,227
Accounts payable
3,901 979 -1,392 -6,216
Accrued expenses and other liabilities
3,137 1,925 5,469 8,723
Due to and due from related parties, net
570 -68 501 -7
Operating lease liabilities-Nonrelated Party
-992 -929 -912 -992
Operating lease liabilities-Related Party
-938 -912 -881 -852
Net cash used in operating activities
-75,359 -70,378 -68,907 -79,746
Purchases of marketable debt securities, available-for-sale
139,093 45,626 180,586 15,061
Proceeds from maturities of marketable debt securities, available-for-sale
79,382 59,547 0 0
Proceeds from sales of marketable debt securities, available-for-sale
39,848 30,927 0 0
Acquisition of a business, net of transaction costs
-0 0 -
Cash paid for other equity securities
10,000 0 0 -
Purchases of property, plant and equipment
1,776 903 741 1,081
Software development costs
11 372 34 -
Proceeds from exercise of oberland stock option, net of commissions-Stock Purchase And Option Agreement
-0 0 0
Net cash (used in) provided by investing activities
-31,650 43,573 -181,361 -16,142
Proceeds from equity offerings, net of issuance costs
102,227 0 --
Proceeds from the ripa, net of issuance costs
75,000 0 0 0
Proceeds from equity offerings, net of discounts and issuance costs-Private Placement And At The Market Offerings
-53,744 173,682 173,136
Proceeds from exercises of warrants
53,542 0 0 0
Net share settlement for rsus vesting
6,994 590 151 322
Proceeds from exercise of oberland stock option, net of commissions
971 ---
Principal payments on premium financing
868 1,132 --
Proceeds from exercises of stock options-Exercise Of Stock Options
--286 429
Proceeds from exercise of oberland stock option, net of commissions-Options Excluding Stock Purchase And Option Agreement
-220 --
Proceeds from borrowings
61 2,884 --
Proceeds from equity offerings, net of discounts and issuance costs-Stock Purchase And Option Agreement
-0 --
Principal payments of finance leases
13 12 12 4
Net cash provided by (used in) financing activities
223,926 54,894 173,519 172,810
Effect of exchange rate changes on cash and cash equivalents, and restricted cash
122 5 -56 76
Net change in cash and cash equivalents, and restricted cash
117,039 28,094 -76,805 76,998
Cash and cash equivalents, and restricted cash, beginning of period
89,431 61,337 138,142 61,144
Cash and cash equivalents, and restricted cash, end of period
206,470 89,431 61,337 138,142
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Proceeds from equityofferings, net of issuance...$102,227K Proceeds from the ripa,net of issuance...$75,000K Proceeds from exercisesof warrants$53,542K Proceeds from exercise ofoberland stock option,...$971K Proceeds from borrowings$61K Net cash provided by(used in) financing...$223,926K (22903.05%↑ Y/Y)Effect of exchange ratechanges on cash and cash...$122K (1320.00%↑ Y/Y)Canceled cashflow$7,875K Net change in cashand cash...$117,039K (241.41%↑ Y/Y)Canceled cashflow$107,009K Net sharesettlement for rsus vesting$6,994K (481.86%↑ Y/Y)Principal payments onpremium financing$868K Principal payments offinance leases$13K Change in fair value ofwarrant liabilities$295,413K (65840.40%↑ Y/Y)Change in fair value ofrelated-party convertible...-$236,625K (-455.69%↓ Y/Y)Non-cash interestexpense related to...$8,317K (-37.31%↓ Y/Y)Stock-based compensationexpense$8,169K (-14.34%↓ Y/Y)Write-off of convertiblenote receivable$7,442K Depreciation andamortization$4,380K (14.39%↑ Y/Y)Accounts payable$3,901K (-39.42%↓ Y/Y)Accrued expenses andother liabilities$3,137K (124.26%↑ Y/Y)Prepaid expenses andother current...-$1,861K (-1532.46%↓ Y/Y)Non-cash lease expenserelated to operating...$956K (3.35%↑ Y/Y)Non-cash lease expenserelated to operating...$741K (12.61%↑ Y/Y)Due to and due fromrelated parties, net$570K (1017.65%↑ Y/Y)Other$16K (-93.39%↓ Y/Y)Proceeds from maturitiesof marketable debt...$79,382K (1383.78%↑ Y/Y)Proceeds from sales ofmarketable debt...$39,848K Net cash used inoperating activities-$75,359K (12.28%↑ Y/Y)Net cash (used in)provided by investing...-$31,650K (-866.53%↓ Y/Y)Canceled cashflow$571,528K Canceled cashflow$119,230K Net loss-$632,797K (-388.02%↓ Y/Y)Purchases of marketabledebt securities,...$139,093K (138993.00%↑ Y/Y)Inventories$4,985K (2798.26%↑ Y/Y)Accretion of discounts onmarketable debt...$1,526K (2834.62%↑ Y/Y)Realized gain oninstrument-specific credit risk$1,425K Prepaid expenses andother current...$1,302K (236.91%↑ Y/Y)Change in fair value ofderivative liabilities-$1,108K (80.14%↑ Y/Y)Other assets$1,052K (1152.38%↑ Y/Y)Operating leaseliabilities-Nonrelated Party-$992K (-8.30%↓ Y/Y)Operating leaseliabilities-Related Party-$938K (-14.95%↓ Y/Y)Accounts receivable$700K (-95.23%↓ Y/Y)Non-cash interest items,net$62K (0.00%↑ Y/Y)Cash paid for otherequity securities$10,000K Purchases of property,plant and equipment$1,776K (58.43%↑ Y/Y)Software developmentcosts$11K

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