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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 75,670 $ 88,334
Marketable securities 281,701 154,484
Accounts receivable, net 53,472 42,571
Inventories 1,940 910
Total current assets 438,980 314,875
Property, plant and equipment, net 114,223 114,264
Goodwill and intangible assets, net 11,836 13,953
Long-term inventories, net 16,421 13,508
Convertible note receivable 0 7,380
Operating lease right-of-use assets, net 31,271 33,010
Total assets 628,504 501,898
LIABILITIES AND STOCKHOLDERS’ DEFICIT    
Accrued expenses and other liabilities 55,671 46,838
Operating lease liabilities 7,508 7,535
Total current liabilities 76,727 61,754
Revenue interest liability 415,086 324,615
Operating lease liabilities, less current portion 31,203 33,447
Derivative liabilities 24,006 19,722
Warrant liabilities 352,383 84,417
Other liabilities 510 424
Total liabilities 1,674,265 1,001,472
Commitments and Contingencies (Note 8)
Stockholders’ deficit:    
Common Stock, $0.0001 par value; 1,650,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 1,053,221,645 and 1,011,800,008 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively; excluding treasury stock, 163,800 shares outstanding as of June 30, 2026 and December 31, 2025 105 101
Additional paid-in capital 3,515,788 3,197,120
Accumulated deficit (4,589,806) (3,726,646)
Accumulated other comprehensive income 27,284 28,956
Total ImmunityBio stockholders’ deficit (1,046,629) (500,469)
Noncontrolling interests 868 895
Total stockholders’ deficit (1,045,761) (499,574)
Total liabilities and stockholders’ deficit 628,504 501,898
Related-Party    
Current assets:    
Due from related parties 27 46
Prepaid expenses and other current assets 1,348 769
Operating lease right-of-use assets, net 11,696 13,202
Other assets 378 378
LIABILITIES AND STOCKHOLDERS’ DEFICIT    
Accounts payable 1,549 403
Operating lease liabilities 2,623 3,244
Related-party convertible note payable, at fair value 774,350 477,093
Operating lease liabilities, less current portion 12,420 13,715
Non-related Party    
Current assets:    
Prepaid expenses and other current assets 24,822 27,761
Operating lease right-of-use assets, net 19,575 19,808
Other assets 15,395 4,530
LIABILITIES AND STOCKHOLDERS’ DEFICIT    
Accounts payable 11,999 6,978
Operating lease liabilities 4,885 4,291
Operating lease liabilities, less current portion $ 18,783 $ 19,732