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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and Invivyd, Inc. (IVVD). Click either name above to swap in a different company.
Invivyd, Inc. is the larger business by last-quarter revenue ($17.2M vs $13.2M, roughly 1.3× Ares Commercial Real Estate Corp). Ares Commercial Real Estate Corp runs the higher net margin — -29.2% vs -64.3%, a 35.1% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs -24.5%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
Invivyd, Inc. is a clinical-stage biopharmaceutical company focused on developing broadly neutralizing antibody therapies to prevent and treat serious viral infectious diseases. Its core research and development pipeline targets high-burden respiratory pathogens including respiratory syncytial virus, catering to unmet medical needs of global patient groups.
ACRE vs IVVD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $17.2M |
| Net Profit | $-3.9M | $-11.1M |
| Gross Margin | — | — |
| Operating Margin | -29.2% | -73.0% |
| Net Margin | -29.2% | -64.3% |
| Revenue YoY | -24.5% | 24.5% |
| Net Profit YoY | 63.8% | 40.0% |
| EPS (diluted) | — | $0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $13.2M | $17.2M | ||
| Q3 25 | $14.1M | $13.1M | ||
| Q2 25 | $12.6M | $11.8M | ||
| Q1 25 | $14.9M | $11.3M | ||
| Q4 24 | $17.5M | $13.8M | ||
| Q3 24 | $16.7M | $9.3M | ||
| Q2 24 | $16.8M | $2.3M | ||
| Q1 24 | $18.7M | $0 |
| Q4 25 | $-3.9M | $-11.1M | ||
| Q3 25 | $4.7M | $-10.5M | ||
| Q2 25 | $-11.0M | $-14.7M | ||
| Q1 25 | $9.3M | $-16.3M | ||
| Q4 24 | $-10.7M | $-18.4M | ||
| Q3 24 | $-5.9M | $-60.7M | ||
| Q2 24 | $-6.1M | $-47.2M | ||
| Q1 24 | $-12.3M | $-43.5M |
| Q4 25 | -29.2% | -73.0% | ||
| Q3 25 | 33.0% | -84.0% | ||
| Q2 25 | -87.8% | -127.8% | ||
| Q1 25 | 64.4% | -149.7% | ||
| Q4 24 | -61.0% | -139.1% | ||
| Q3 24 | -35.3% | -670.0% | ||
| Q2 24 | -36.5% | -2175.2% | ||
| Q1 24 | -65.9% | — |
| Q4 25 | -29.2% | -64.3% | ||
| Q3 25 | 33.0% | -79.7% | ||
| Q2 25 | -87.8% | -124.4% | ||
| Q1 25 | 62.5% | -144.1% | ||
| Q4 24 | -60.9% | -133.5% | ||
| Q3 24 | -35.3% | -653.1% | ||
| Q2 24 | -36.5% | -2086.9% | ||
| Q1 24 | -65.9% | — |
| Q4 25 | — | $0.02 | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | $-0.12 | ||
| Q1 25 | — | $-0.14 | ||
| Q4 24 | — | $-0.14 | ||
| Q3 24 | — | $-0.51 | ||
| Q2 24 | — | $-0.40 | ||
| Q1 24 | — | $-0.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | $226.7M |
| Total DebtLower is stronger | $948.2M | — |
| Stockholders' EquityBook value | $509.6M | $241.5M |
| Total Assets | $1.6B | $276.9M |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $226.7M | ||
| Q3 25 | $84.9M | $85.0M | ||
| Q2 25 | $90.0M | $34.9M | ||
| Q1 25 | $125.5M | $48.1M | ||
| Q4 24 | $63.8M | $69.3M | ||
| Q3 24 | $68.9M | $106.9M | ||
| Q2 24 | $70.6M | $147.9M | ||
| Q1 24 | $99.5M | $189.4M |
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $509.6M | $241.5M | ||
| Q3 25 | $521.0M | $93.1M | ||
| Q2 25 | $523.7M | $42.8M | ||
| Q1 25 | $542.1M | $54.1M | ||
| Q4 24 | $540.1M | $67.5M | ||
| Q3 24 | $563.8M | $83.2M | ||
| Q2 24 | $582.3M | $140.6M | ||
| Q1 24 | $601.1M | $178.5M |
| Q4 25 | $1.6B | $276.9M | ||
| Q3 25 | $1.4B | $139.2M | ||
| Q2 25 | $1.4B | $89.1M | ||
| Q1 25 | $1.5B | $103.7M | ||
| Q4 24 | $1.8B | $129.5M | ||
| Q3 24 | $1.9B | $161.9M | ||
| Q2 24 | $2.1B | $177.3M | ||
| Q1 24 | $2.1B | $215.5M |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $-15.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | $-15.5M | ||
| Q3 25 | $3.8M | $-8.3M | ||
| Q2 25 | $4.9M | $-13.3M | ||
| Q1 25 | $8.0M | $-21.1M | ||
| Q4 24 | $35.5M | $-37.6M | ||
| Q3 24 | $8.4M | $-41.1M | ||
| Q2 24 | $8.7M | $-41.6M | ||
| Q1 24 | $11.4M | $-50.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-13.3M | ||
| Q1 25 | — | $-21.3M | ||
| Q4 24 | — | $-37.6M | ||
| Q3 24 | — | $-41.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-50.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -112.9% | ||
| Q1 25 | — | -188.2% | ||
| Q4 24 | — | -272.2% | ||
| Q3 24 | — | -441.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
