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Iovance Biotherapeutics (IOVA) investor relations material
Iovance Biotherapeutics Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 30% quarterly revenue growth in Q4 2025 and 61% year-over-year for the full year, driven by strong AMTAGVI demand, operational improvements, and expanded ATC network.
Full-year 2025 revenue reached $264 million, meeting annual guidance, with gross margin improving to 50% in Q4 due to operational efficiencies and internalized manufacturing.
Advanced pipeline with lifileucel showing strong efficacy in non-small cell lung cancer and sarcoma, including FDA Fast Track designation and positive early/interim data.
Extended cash runway into Q3 2027 through cost optimization, disciplined capital use, and a year-end cash position of $303 million.
Amtagvi approved in Canada, with regulatory submissions underway in the UK, Australia, and Switzerland.
Financial highlights
Q4 2025 product revenue reached $87 million, up 30% sequentially; full-year revenue totaled $264 million, with Amtagvi contributing $220 million (US) and Proleukin $44 million (global).
Q4 gross margin improved to 50% from 43% in Q3, reflecting operational optimization and internalized manufacturing.
Proleukin contributed about 17% of total revenue for 2025, with ordering patterns stabilizing.
Cash position at year-end was $303 million, supporting operations into Q3 2027.
Net loss for FY25 was $390.98 million; Q4 net loss was $71.9 million.
Outlook and guidance
Expecting remarkable revenue growth in 2026, primarily from AMTAGVI, with formal guidance to be provided soon.
Operational improvements and internalized manufacturing expected to further enhance margins and reduce costs in 2026–2027.
Preparing for commercial launches in new indications, including non-small cell lung cancer and sarcoma, with potential U.S. launch for lung cancer in 2H 2027.
Global expansion underway, with AMTAGVI approved in Canada and pending approvals in the U.K., Australia, and Switzerland.
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