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Side-by-side financial comparison of Coya Therapeutics, Inc. (COYA) and CaliberCos Inc. (CWD). Click either name above to swap in a different company.

CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $4.0M, roughly 1.0× Coya Therapeutics, Inc.). On growth, Coya Therapeutics, Inc. posted the faster year-over-year revenue change (202768.8% vs -52.5%).

Coya Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing innovative regulatory T cell (Treg)-based therapies to address unmet medical needs for patients with neurodegenerative, autoimmune, and inflammatory diseases. Its core pipeline includes lead candidates targeting conditions like amyotrophic lateral sclerosis, with primary planned commercial markets across North America and the European Union.

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

COYA vs CWD — Head-to-Head

Bigger by revenue
CWD
CWD
1.0× larger
CWD
$4.1M
$4.0M
COYA
Growing faster (revenue YoY)
COYA
COYA
+202821.3% gap
COYA
202768.8%
-52.5%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COYA
COYA
CWD
CWD
Revenue
$4.0M
$4.1M
Net Profit
$-7.7M
Gross Margin
Operating Margin
-196.6%
Net Margin
-188.3%
Revenue YoY
202768.8%
-52.5%
Net Profit YoY
-95.8%
32.2%
EPS (diluted)
$1.95

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
COYA
COYA
CWD
CWD
Q4 25
$4.0M
$4.1M
Q3 25
$3.6M
$3.6M
Q2 25
$5.1M
Q1 25
$7.3M
Q4 24
$8.7M
Q3 24
$0
$11.3M
Q2 24
$3.4M
$8.2M
Q1 24
$23.0M
Net Profit
COYA
COYA
CWD
CWD
Q4 25
$-7.7M
Q3 25
$-2.1M
$-4.4M
Q2 25
$-5.3M
Q1 25
$-4.4M
Q4 24
$-11.4M
Q3 24
$-4.0M
$146.0K
Q2 24
$-2.9M
$-4.7M
Q1 24
$-3.8M
Operating Margin
COYA
COYA
CWD
CWD
Q4 25
-196.6%
Q3 25
-68.3%
-129.6%
Q2 25
-112.4%
Q1 25
-62.7%
Q4 24
-236.8%
Q3 24
0.0%
Q2 24
-94.5%
-65.0%
Q1 24
-22.9%
Net Margin
COYA
COYA
CWD
CWD
Q4 25
-188.3%
Q3 25
-59.4%
-120.2%
Q2 25
-104.5%
Q1 25
-60.7%
Q4 24
-247.6%
Q3 24
1.3%
Q2 24
-84.4%
-57.8%
Q1 24
-16.6%
EPS (diluted)
COYA
COYA
CWD
CWD
Q4 25
$1.95
Q3 25
$-0.13
$-1.65
Q2 25
$-4.15
Q1 25
$-3.85
Q4 24
$-10.15
Q3 24
$-0.26
$0.12
Q2 24
$-0.19
$-4.34
Q1 24
$-3.53

Balance Sheet & Financial Strength

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

Metric
COYA
COYA
CWD
CWD
Cash + ST InvestmentsLiquidity on hand
$46.8M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$43.0M
$1.3M
Total Assets
$50.0M
$135.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COYA
COYA
CWD
CWD
Q4 25
$46.8M
$2.9M
Q3 25
$28.1M
$10.9M
Q2 25
$683.0K
Q1 25
$1.6M
Q4 24
$2.3M
Q3 24
$31.1M
$1.6M
Q2 24
$36.6M
$1.8M
Q1 24
$2.1M
Stockholders' Equity
COYA
COYA
CWD
CWD
Q4 25
$43.0M
$1.3M
Q3 25
$27.3M
$4.2M
Q2 25
$-19.9M
Q1 25
$-15.8M
Q4 24
$-12.6M
Q3 24
$32.0M
$-3.8M
Q2 24
$35.3M
$-4.7M
Q1 24
$-745.0K
Total Assets
COYA
COYA
CWD
CWD
Q4 25
$50.0M
$135.4M
Q3 25
$32.0M
$82.6M
Q2 25
$59.3M
Q1 25
$103.6M
Q4 24
$105.5M
Q3 24
$35.6M
$158.6M
Q2 24
$39.9M
$195.2M
Q1 24
$201.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COYA
COYA
CWD
CWD
Operating Cash FlowLast quarter
$-10.7M
$-12.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COYA
COYA
CWD
CWD
Q4 25
$-10.7M
$-12.1M
Q3 25
$-1.1M
$-4.6M
Q2 25
$-1.2M
Q1 25
$-1.7M
Q4 24
$555.0K
Q3 24
$-5.5M
$-74.0K
Q2 24
$-4.6M
$1.4M
Q1 24
$-1.5M
Cash Conversion
COYA
COYA
CWD
CWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

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

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