vs

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

DeFi Development Corp. is the larger business by last-quarter revenue ($4.6M vs $4.0M, roughly 1.2× Coya Therapeutics, Inc.). On growth, Coya Therapeutics, Inc. posted the faster year-over-year revenue change (202768.8% vs 647.2%).

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.

Automotive Design and Development Ltd (ADD) was an English company responsible for the creation of the futuristic-looking Nova kit car. It was based in Southampton from 1971 to 1973 after which it moved to Accrington, Lancashire until 1975. ADD failed and the rights to the Nova were bought by Nova Cars in Mirfield, West Yorkshire in 1978, which continued until 1990. A low volume production run was made by Nova Developments in Cornwall in the 1990s and the company was sold to India-based Aerot...

COYA vs DFDV — Head-to-Head

Bigger by revenue
DFDV
DFDV
1.2× larger
DFDV
$4.6M
$4.0M
COYA
Growing faster (revenue YoY)
COYA
COYA
+202121.6% gap
COYA
202768.8%
647.2%
DFDV

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
COYA
COYA
DFDV
DFDV
Revenue
$4.0M
$4.6M
Net Profit
$56.0M
Gross Margin
98.1%
Operating Margin
Net Margin
1211.4%
Revenue YoY
202768.8%
647.2%
Net Profit YoY
-95.8%
11995.1%
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
DFDV
DFDV
Q4 25
$4.0M
Q3 25
$3.6M
$4.6M
Q2 25
$2.0M
Q1 25
$287.2K
Q4 24
$628.9K
Q3 24
$0
$619.0K
Q2 24
$3.4M
$441.0K
Q1 24
$411.1K
Net Profit
COYA
COYA
DFDV
DFDV
Q4 25
Q3 25
$-2.1M
$56.0M
Q2 25
$15.4M
Q1 25
$-778.0K
Q4 24
$-487.0K
Q3 24
$-4.0M
$-471.0K
Q2 24
$-2.9M
$-805.0K
Q1 24
$-964.0K
Gross Margin
COYA
COYA
DFDV
DFDV
Q4 25
Q3 25
98.1%
Q2 25
98.6%
Q1 25
Q4 24
98.8%
Q3 24
98.7%
Q2 24
98.2%
Q1 24
97.9%
Operating Margin
COYA
COYA
DFDV
DFDV
Q4 25
Q3 25
-68.3%
Q2 25
Q1 25
-307.5%
Q4 24
-107.9%
Q3 24
-73.3%
Q2 24
-94.5%
-193.2%
Q1 24
-247.7%
Net Margin
COYA
COYA
DFDV
DFDV
Q4 25
Q3 25
-59.4%
1211.4%
Q2 25
777.0%
Q1 25
-270.9%
Q4 24
-77.4%
Q3 24
-76.1%
Q2 24
-84.4%
-182.5%
Q1 24
-234.5%
EPS (diluted)
COYA
COYA
DFDV
DFDV
Q4 25
Q3 25
$-0.13
$1.95
Q2 25
$0.84
Q1 25
$-0.55
Q4 24
$0.55
Q3 24
$-0.26
$-0.05
Q2 24
$-0.19
$-0.08
Q1 24
$-0.70

Balance Sheet & Financial Strength

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

Metric
COYA
COYA
DFDV
DFDV
Cash + ST InvestmentsLiquidity on hand
$46.8M
$1.4M
Total DebtLower is stronger
$131.4M
Stockholders' EquityBook value
$43.0M
$243.8M
Total Assets
$50.0M
$480.0M
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COYA
COYA
DFDV
DFDV
Q4 25
$46.8M
Q3 25
$28.1M
$1.4M
Q2 25
$595.0K
Q1 25
$2.2M
Q4 24
$2.8M
Q3 24
$31.1M
$2.8M
Q2 24
$36.6M
$3.2M
Q1 24
$3.9M
Total Debt
COYA
COYA
DFDV
DFDV
Q4 25
Q3 25
$131.4M
Q2 25
$21.2M
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
COYA
COYA
DFDV
DFDV
Q4 25
$43.0M
Q3 25
$27.3M
$243.8M
Q2 25
$79.6M
Q1 25
$2.8M
Q4 24
$3.5M
Q3 24
$32.0M
$4.0M
Q2 24
$35.3M
$4.3M
Q1 24
$5.0M
Total Assets
COYA
COYA
DFDV
DFDV
Q4 25
$50.0M
Q3 25
$32.0M
$480.0M
Q2 25
$107.2M
Q1 25
$4.2M
Q4 24
$4.4M
Q3 24
$35.6M
$4.5M
Q2 24
$39.9M
$4.8M
Q1 24
$5.5M
Debt / Equity
COYA
COYA
DFDV
DFDV
Q4 25
Q3 25
0.54×
Q2 25
0.27×
Q1 25
Q4 24
0.00×
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
COYA
COYA
DFDV
DFDV
Operating Cash FlowLast quarter
$-10.7M
$-5.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.09×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COYA
COYA
DFDV
DFDV
Q4 25
$-10.7M
Q3 25
$-1.1M
$-5.0M
Q2 25
$-1.3M
Q1 25
$-785.6K
Q4 24
$-2.4M
Q3 24
$-5.5M
$-412.0K
Q2 24
$-4.6M
$-680.8K
Q1 24
$-1.1M
Free Cash Flow
COYA
COYA
DFDV
DFDV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-2.4M
Q3 24
Q2 24
$-687.4K
Q1 24
$-1.2M
FCF Margin
COYA
COYA
DFDV
DFDV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-388.2%
Q3 24
Q2 24
-155.9%
Q1 24
-280.3%
Capex Intensity
COYA
COYA
DFDV
DFDV
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
3.7%
Q3 24
0.0%
Q2 24
1.5%
Q1 24
1.6%
Cash Conversion
COYA
COYA
DFDV
DFDV
Q4 25
Q3 25
-0.09×
Q2 25
-0.08×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

COYA
COYA

Segment breakdown not available.

DFDV
DFDV

Digital Asset Treasury$3.8M82%
Other$831.0K18%

Related Comparisons