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Side-by-side financial comparison of BARFRESH FOOD GROUP INC. (BRFH) and Immunovant, Inc. (IMVT). Click either name above to swap in a different company.

Immunovant, Inc. is the larger business by last-quarter revenue ($8.4M vs $5.4M, roughly 1.5× BARFRESH FOOD GROUP INC.). BARFRESH FOOD GROUP INC. runs the higher net margin — -14.1% vs -899.0%, a 884.9% gap on every dollar of revenue. On growth, Immunovant, Inc. posted the faster year-over-year revenue change (140.7% vs 94.5%). BARFRESH FOOD GROUP INC. produced more free cash flow last quarter ($426.0K vs $-59.8M).

Barfresh Food Group Inc. is a specialized food and beverage firm that develops, manufactures, and distributes frozen ready-to-blend smoothies, frappes, and related beverage products. Its core client base includes quick service restaurants, K-12 schools, healthcare facilities, and hospitality operators across North America, delivering portion-controlled, easy-to-prepare solutions that cut down on front-of-house preparation work for food service partners.

Immunovant, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative monoclonal antibody therapies for patients with serious, rare autoimmune and inflammatory diseases. Its lead product candidate covers multiple autoimmune indications, with core U.S. operations and a global market expansion strategy.

BRFH vs IMVT — Head-to-Head

Bigger by revenue
IMVT
IMVT
1.5× larger
IMVT
$8.4M
$5.4M
BRFH
Growing faster (revenue YoY)
IMVT
IMVT
+46.2% gap
IMVT
140.7%
94.5%
BRFH
Higher net margin
BRFH
BRFH
884.9% more per $
BRFH
-14.1%
-899.0%
IMVT
More free cash flow
BRFH
BRFH
$60.3M more FCF
BRFH
$426.0K
$-59.8M
IMVT

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
BRFH
BRFH
IMVT
IMVT
Revenue
$5.4M
$8.4M
Net Profit
$-763.0K
$-75.3M
Gross Margin
2.9%
Operating Margin
-28.9%
-896.2%
Net Margin
-14.1%
-899.0%
Revenue YoY
94.5%
140.7%
Net Profit YoY
10.4%
-26.7%
EPS (diluted)
$-0.04
$-0.50

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.

Revenue
BRFH
BRFH
IMVT
IMVT
Q4 25
$5.4M
Q3 25
$4.2M
Q2 25
$1.6M
Q1 25
$2.9M
Q4 24
$2.8M
Q3 24
$3.6M
Q2 24
$1.5M
Q1 24
$2.8M
$8.4M
Net Profit
BRFH
BRFH
IMVT
IMVT
Q4 25
$-763.0K
Q3 25
$-290.0K
Q2 25
$-880.0K
Q1 25
$-761.0K
Q4 24
$-852.0K
Q3 24
$-513.0K
Q2 24
$-1.0M
Q1 24
$-449.0K
$-75.3M
Gross Margin
BRFH
BRFH
IMVT
IMVT
Q4 25
2.9%
Q3 25
36.7%
Q2 25
31.1%
Q1 25
30.7%
Q4 24
26.2%
Q3 24
34.6%
Q2 24
34.8%
Q1 24
41.4%
Operating Margin
BRFH
BRFH
IMVT
IMVT
Q4 25
-28.9%
Q3 25
-6.1%
Q2 25
-53.4%
Q1 25
-25.2%
Q4 24
-29.5%
Q3 24
-13.7%
Q2 24
-68.6%
Q1 24
-15.8%
-896.2%
Net Margin
BRFH
BRFH
IMVT
IMVT
Q4 25
-14.1%
Q3 25
-6.9%
Q2 25
-54.2%
Q1 25
-26.0%
Q4 24
-30.6%
Q3 24
-14.1%
Q2 24
-69.1%
Q1 24
-15.9%
-899.0%
EPS (diluted)
BRFH
BRFH
IMVT
IMVT
Q4 25
$-0.04
Q3 25
$-0.02
Q2 25
$-0.06
Q1 25
$-0.05
Q4 24
$-0.06
Q3 24
$-0.03
Q2 24
$-0.07
Q1 24
$-0.03
$-0.50

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BRFH
BRFH
IMVT
IMVT
Cash + ST InvestmentsLiquidity on hand
$635.4M
Total DebtLower is stronger
$766.0K
Stockholders' EquityBook value
$1.3M
$617.8M
Total Assets
$12.8M
$666.4M
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRFH
BRFH
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.2M
$635.4M
Total Debt
BRFH
BRFH
IMVT
IMVT
Q4 25
$766.0K
Q3 25
$596.0K
Q2 25
$176.0K
Q1 25
$200.0K
Q4 24
$223.0K
Q3 24
$246.0K
Q2 24
Q1 24
Stockholders' Equity
BRFH
BRFH
IMVT
IMVT
Q4 25
$1.3M
Q3 25
$1.9M
Q2 25
$2.0M
Q1 25
$2.8M
Q4 24
$578.0K
Q3 24
$1.4M
Q2 24
$1.7M
Q1 24
$2.5M
$617.8M
Total Assets
BRFH
BRFH
IMVT
IMVT
Q4 25
$12.8M
Q3 25
$6.8M
Q2 25
$3.8M
Q1 25
$5.3M
Q4 24
$3.3M
Q3 24
$3.8M
Q2 24
$3.3M
Q1 24
$4.7M
$666.4M
Debt / Equity
BRFH
BRFH
IMVT
IMVT
Q4 25
0.58×
Q3 25
0.31×
Q2 25
0.09×
Q1 25
0.07×
Q4 24
0.39×
Q3 24
0.18×
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
BRFH
BRFH
IMVT
IMVT
Operating Cash FlowLast quarter
$507.0K
$-59.7M
Free Cash FlowOCF − Capex
$426.0K
$-59.8M
FCF MarginFCF / Revenue
7.9%
-714.4%
Capex IntensityCapex / Revenue
1.5%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.9M
$-214.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRFH
BRFH
IMVT
IMVT
Q4 25
$507.0K
Q3 25
$-598.0K
Q2 25
$-1.1M
Q1 25
$-506.0K
Q4 24
$-685.0K
Q3 24
$5.0K
Q2 24
$-780.0K
Q1 24
$-769.0K
$-59.7M
Free Cash Flow
BRFH
BRFH
IMVT
IMVT
Q4 25
$426.0K
Q3 25
$-650.0K
Q2 25
$-1.1M
Q1 25
$-534.0K
Q4 24
Q3 24
$-52.0K
Q2 24
Q1 24
$-59.8M
FCF Margin
BRFH
BRFH
IMVT
IMVT
Q4 25
7.9%
Q3 25
-15.4%
Q2 25
-69.8%
Q1 25
-18.2%
Q4 24
Q3 24
-1.4%
Q2 24
Q1 24
-714.4%
Capex Intensity
BRFH
BRFH
IMVT
IMVT
Q4 25
1.5%
Q3 25
1.2%
Q2 25
4.1%
Q1 25
1.0%
Q4 24
Q3 24
1.6%
Q2 24
Q1 24
1.8%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BRFH
BRFH

Raw And Processed Milk$2.7M51%
Other$2.7M49%

IMVT
IMVT

Segment breakdown not available.

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