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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Invivyd, Inc. (IVVD). Click either name above to swap in a different company.
Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $17.2M, roughly 2.0× Invivyd, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -64.3%, a 62.5% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs -3.2%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
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.
CLFD vs IVVD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $17.2M |
| Net Profit | $-614.0K | $-11.1M |
| Gross Margin | 33.2% | — |
| Operating Margin | -5.3% | -73.0% |
| Net Margin | -1.8% | -64.3% |
| Revenue YoY | -3.2% | 24.5% |
| Net Profit YoY | 67.8% | 40.0% |
| EPS (diluted) | $-0.04 | $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 | $34.3M | $17.2M | ||
| Q3 25 | $23.4M | $13.1M | ||
| Q2 25 | $49.9M | $11.8M | ||
| Q1 25 | $47.2M | $11.3M | ||
| Q4 24 | $29.7M | $13.8M | ||
| Q3 24 | $5.6M | $9.3M | ||
| Q2 24 | $48.8M | $2.3M | ||
| Q1 24 | $36.9M | $0 |
| Q4 25 | $-614.0K | $-11.1M | ||
| Q3 25 | $-9.1M | $-10.5M | ||
| Q2 25 | $1.6M | $-14.7M | ||
| Q1 25 | $1.3M | $-16.3M | ||
| Q4 24 | $-1.9M | $-18.4M | ||
| Q3 24 | — | $-60.7M | ||
| Q2 24 | $-447.0K | $-47.2M | ||
| Q1 24 | $-5.9M | $-43.5M |
| Q4 25 | 33.2% | — | ||
| Q3 25 | 53.2% | — | ||
| Q2 25 | 30.5% | — | ||
| Q1 25 | 30.1% | — | ||
| Q4 24 | 29.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 21.9% | — | ||
| Q1 24 | 7.7% | — |
| Q4 25 | -5.3% | -73.0% | ||
| Q3 25 | 10.3% | -84.0% | ||
| Q2 25 | 3.0% | -127.8% | ||
| Q1 25 | 0.6% | -149.7% | ||
| Q4 24 | -6.9% | -139.1% | ||
| Q3 24 | — | -670.0% | ||
| Q2 24 | -4.7% | -2175.2% | ||
| Q1 24 | -26.4% | — |
| Q4 25 | -1.8% | -64.3% | ||
| Q3 25 | -38.8% | -79.7% | ||
| Q2 25 | 3.2% | -124.4% | ||
| Q1 25 | 2.8% | -144.1% | ||
| Q4 24 | -6.4% | -133.5% | ||
| Q3 24 | — | -653.1% | ||
| Q2 24 | -0.9% | -2086.9% | ||
| Q1 24 | -16.0% | — |
| Q4 25 | $-0.04 | $0.02 | ||
| Q3 25 | $-0.65 | $-0.06 | ||
| Q2 25 | $0.11 | $-0.12 | ||
| Q1 25 | $0.09 | $-0.14 | ||
| Q4 24 | $-0.13 | $-0.14 | ||
| Q3 24 | — | $-0.51 | ||
| Q2 24 | $-0.04 | $-0.40 | ||
| Q1 24 | $-0.40 | $-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 | $96.4M | $226.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $241.5M |
| Total Assets | $268.1M | $276.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $226.7M | ||
| Q3 25 | $106.0M | $85.0M | ||
| Q2 25 | $117.2M | $34.9M | ||
| Q1 25 | $112.0M | $48.1M | ||
| Q4 24 | $113.0M | $69.3M | ||
| Q3 24 | $129.0M | $106.9M | ||
| Q2 24 | $123.8M | $147.9M | ||
| Q1 24 | $142.9M | $189.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $241.5M | ||
| Q3 25 | $256.2M | $93.1M | ||
| Q2 25 | $264.5M | $42.8M | ||
| Q1 25 | $265.9M | $54.1M | ||
| Q4 24 | $267.4M | $67.5M | ||
| Q3 24 | $275.8M | $83.2M | ||
| Q2 24 | $274.6M | $140.6M | ||
| Q1 24 | $279.2M | $178.5M |
| Q4 25 | $268.1M | $276.9M | ||
| Q3 25 | $306.2M | $139.2M | ||
| Q2 25 | $314.7M | $89.1M | ||
| Q1 25 | $310.9M | $103.7M | ||
| Q4 24 | $303.2M | $129.5M | ||
| Q3 24 | $315.3M | $161.9M | ||
| Q2 24 | $318.1M | $177.3M | ||
| Q1 24 | $315.4M | $215.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — | ||
| 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 | $-1.4M | $-15.5M |
| Free Cash FlowOCF − Capex | $-2.4M | — |
| FCF MarginFCF / Revenue | -7.1% | — |
| Capex IntensityCapex / Revenue | 2.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $-15.5M | ||
| Q3 25 | — | $-8.3M | ||
| Q2 25 | $7.9M | $-13.3M | ||
| Q1 25 | $3.0M | $-21.1M | ||
| Q4 24 | $7.2M | $-37.6M | ||
| Q3 24 | $22.2M | $-41.1M | ||
| Q2 24 | $4.0M | $-41.6M | ||
| Q1 24 | $-5.7M | $-50.2M |
| Q4 25 | $-2.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $7.5M | $-13.3M | ||
| Q1 25 | $654.0K | $-21.3M | ||
| Q4 24 | $5.1M | $-37.6M | ||
| Q3 24 | $18.2M | $-41.1M | ||
| Q2 24 | $2.8M | — | ||
| Q1 24 | $-7.7M | $-50.4M |
| Q4 25 | -7.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 15.1% | -112.9% | ||
| Q1 25 | 1.4% | -188.2% | ||
| Q4 24 | 17.1% | -272.2% | ||
| Q3 24 | 323.0% | -441.6% | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | -20.8% | — |
| Q4 25 | 2.9% | 0.0% | ||
| Q3 25 | 2.0% | 0.0% | ||
| Q2 25 | 0.8% | 0.1% | ||
| Q1 25 | 5.1% | 1.3% | ||
| Q4 24 | 7.0% | 0.0% | ||
| Q3 24 | 71.4% | 0.1% | ||
| Q2 24 | 2.5% | 0.0% | ||
| Q1 24 | 5.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.93× | — | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
