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ImmunityBioIBRX +1.82%60 Pretax Margin % is -449.63% as of Jun. 2026. GuruFocus rates IBRX with a GF Score™ of 60/100 and a GF Value™ of $22.42 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 944 Biotechnology companies, ImmunityBio ranks worse than 73.09% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. ImmunityBio's Pre-Tax Income for the
three
months ended in Jun. 2026 was $-230.4 Mil. ImmunityBio's Revenue for the
three
months ended in Jun. 2026 was $51.2 Mil. Therefore, ImmunityBio's pretax margin for the quarter that ended in Jun. 2026 was -449.63%.
The historical rank and industry rank for ImmunityBio's Pretax Margin % or its related term are showing as below:
IBRX'
s Pretax Margin % Range Over the Past 10 Years
Min: -173869.17 Med: -37360.83 Max: -310.37
Current: -598.69
IBRX's Pretax Margin % is ranked worse than 73.09% of 944
companies
in the Biotechnology industry
Industry Median: -81.255
vs IBRX: -598.69
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
ImmunityBio Pretax Margin % Related Terms
ImmunityBio Pretax Margin % Historical Data
* Premium members only.
The historical data trend for ImmunityBio's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IBRX vs RYTM, PCVX, MIRM: Pretax Margin % Comparison
For the Biotechnology subindustry, ImmunityBio's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ImmunityBio Pretax Margin % vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, ImmunityBio's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where ImmunityBio's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ImmunityBio (IBRX) has a Pretax Margin % of -449.63% as of Jun. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ImmunityBio and its competitors. According to the industry distribution chart, ImmunityBio ranks #690 out of 944 companies in the Biotechnology industry, placing it in the top 73.1%.
Is ImmunityBio's Pretax Margin % too high?
ImmunityBio's current Pretax Margin % is -449.63%. Based on the distribution chart, ImmunityBio ranks #690 out of 944 companies in the Biotechnology industry, which is below the industry midpoint. Overall, ImmunityBio has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ImmunityBio's Pretax Margin % compare to RYTM and PCVX?
According to the Biotechnology industry distribution chart, ImmunityBio ranks #690 out of 944 companies for Pretax Margin %. This places ImmunityBio in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Biotechnology company?
A good Pretax Margin % depends on the Biotechnology industry context. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ImmunityBio and its competitors. ImmunityBio's current Pretax Margin % is -449.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ImmunityBio stock overvalued right now?
Based on GuruFocus' analysis, ImmunityBio (IBRX) is currently considered Possible Value Trap. The stock's GF Value™ is $22.42, compared to a current price of $8.40 — trading 62.6% below its estimated fair value. The current Pretax Margin % is -449.63%. ImmunityBio's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For ImmunityBio (IBRX), the current Pretax Margin % is -449.63% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ImmunityBio (IBRX) Overvalued in 2026?
Based on GuruFocus' analysis, ImmunityBio stock appears to be undervalued.
The current stock price of $8.40 is trading 62.6% below its estimated GF Value™ of $22.42.
GuruFocus considers ImmunityBio to be Possible Value Trap.
Key valuation signals for IBRX:
Pretax Margin %: -449.63%
GF Value™: $22.42 vs. price of $8.40 (62.6% below fair value)
No single metric tells the full story. See the IBRX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ImmunityBio Inc is a biotechnology company focused on developing and commercializing next-generation immunotherapies designed to activate the patient's immune system and provide durable protection against cancer and infectious diseases. Its approach harnesses both the adaptive and innate immune systems with the Cancer BioShield platform. The platform is built around the proprietary IL-15 superagonist ANKTIVA (nogapendekin alfa inbakicept) and is supported by a portfolio that includes adenovirus-vectored vaccines, NK-cell therapies, and additional immunomodulators. The company operates in the United States and Europe, with the majority of its revenue coming from the United States.
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