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Side-by-side financial comparison of Ginkgo Bioworks Holdings, Inc. (DNA) and Invesco Mortgage Capital Inc. (IVR). Click either name above to swap in a different company.

Ginkgo Bioworks Holdings, Inc. is the larger business by last-quarter revenue ($33.4M vs $21.3M, roughly 1.6× Invesco Mortgage Capital Inc.). On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs -23.8%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs -6.2%).

Ginkgo Bioworks Holdings, Inc. is an American biotech company founded in 2008 by five scientists from MIT, headed by Jason Kelly. The company specializes in using genetic engineering to produce bacteria with industrial applications for other biotech companies, saving other companies the cost of reproducing the initial stages of design in synthetic biology. The self-proclaimed "Organism Company" was one of the world's largest privately held biotech companies, valued at $4.2 billion in 2019. It...

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

DNA vs IVR — Head-to-Head

Bigger by revenue
DNA
DNA
1.6× larger
DNA
$33.4M
$21.3M
IVR
Growing faster (revenue YoY)
IVR
IVR
+79.2% gap
IVR
55.4%
-23.8%
DNA
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
-6.2%
DNA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNA
DNA
IVR
IVR
Revenue
$33.4M
$21.3M
Net Profit
$51.5M
Gross Margin
Operating Margin
-211.9%
Net Margin
242.2%
Revenue YoY
-23.8%
55.4%
Net Profit YoY
1368.7%
EPS (diluted)
$-1.41
$0.72

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
DNA
DNA
IVR
IVR
Q4 25
$33.4M
$21.3M
Q3 25
$38.8M
$17.6M
Q2 25
$49.6M
$17.7M
Q1 25
$48.3M
$18.8M
Q4 24
$43.8M
$13.7M
Q3 24
$89.0M
$7.5M
Q2 24
$56.2M
$8.6M
Q1 24
$37.9M
$7.0M
Net Profit
DNA
DNA
IVR
IVR
Q4 25
$51.5M
Q3 25
$-80.8M
$53.5M
Q2 25
$-60.3M
$-23.3M
Q1 25
$-91.0M
$19.6M
Q4 24
$3.5M
Q3 24
$-56.4M
$40.7M
Q2 24
$-217.2M
$-13.5M
Q1 24
$-165.9M
$29.1M
Operating Margin
DNA
DNA
IVR
IVR
Q4 25
-211.9%
Q3 25
-231.8%
Q2 25
-132.1%
Q1 25
-184.1%
Q4 24
-236.3%
Q3 24
-62.0%
Q2 24
-396.7%
Q1 24
-469.1%
Net Margin
DNA
DNA
IVR
IVR
Q4 25
242.2%
Q3 25
-207.9%
303.6%
Q2 25
-121.6%
-131.6%
Q1 25
-188.2%
104.4%
Q4 24
25.6%
Q3 24
-63.3%
542.2%
Q2 24
-386.4%
-155.9%
Q1 24
-437.3%
415.9%
EPS (diluted)
DNA
DNA
IVR
IVR
Q4 25
$-1.41
$0.72
Q3 25
$-1.45
$0.74
Q2 25
$-1.10
$-0.40
Q1 25
$-1.68
$0.26
Q4 24
$-1.91
$-0.09
Q3 24
$-1.08
$0.63
Q2 24
$-4.23
$-0.38
Q1 24
$-3.32
$0.49

Balance Sheet & Financial Strength

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

Metric
DNA
DNA
IVR
IVR
Cash + ST InvestmentsLiquidity on hand
$422.6M
$56.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$508.6M
$797.5M
Total Assets
$1.1B
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNA
DNA
IVR
IVR
Q4 25
$422.6M
$56.0M
Q3 25
$495.5M
$58.5M
Q2 25
$559.4M
$59.4M
Q1 25
$325.3M
$42.9M
Q4 24
$561.6M
$73.4M
Q3 24
$616.2M
$48.3M
Q2 24
$730.4M
$58.8M
Q1 24
$840.4M
$59.9M
Stockholders' Equity
DNA
DNA
IVR
IVR
Q4 25
$508.6M
$797.5M
Q3 25
$559.8M
$769.6M
Q2 25
$613.0M
$709.4M
Q1 25
$647.4M
$759.2M
Q4 24
$716.1M
$730.7M
Q3 24
$797.9M
$857.0M
Q2 24
$833.1M
$759.2M
Q1 24
$987.3M
$785.6M
Total Assets
DNA
DNA
IVR
IVR
Q4 25
$1.1B
$6.5B
Q3 25
$1.2B
$6.0B
Q2 25
$1.2B
$5.4B
Q1 25
$1.3B
$6.2B
Q4 24
$1.4B
$5.7B
Q3 24
$1.5B
$6.1B
Q2 24
$1.6B
$5.1B
Q1 24
$1.6B
$5.2B

Cash Flow & Capital Efficiency

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

Metric
DNA
DNA
IVR
IVR
Operating Cash FlowLast quarter
$-47.7M
$157.1M
Free Cash FlowOCF − Capex
$-47.7M
FCF MarginFCF / Revenue
-142.8%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNA
DNA
IVR
IVR
Q4 25
$-47.7M
$157.1M
Q3 25
$-31.6M
$37.3M
Q2 25
$-40.3M
$40.6M
Q1 25
$-51.5M
$19.3M
Q4 24
$-42.4M
$183.2M
Q3 24
$-103.5M
$30.8M
Q2 24
$-84.4M
$33.0M
Q1 24
$-89.3M
$57.5M
Free Cash Flow
DNA
DNA
IVR
IVR
Q4 25
$-47.7M
Q3 25
Q2 25
$-40.3M
Q1 25
$-59.1M
Q4 24
$-56.1M
Q3 24
$-118.6M
Q2 24
$-111.4M
Q1 24
$-96.0M
FCF Margin
DNA
DNA
IVR
IVR
Q4 25
-142.8%
Q3 25
Q2 25
-81.2%
Q1 25
-122.4%
Q4 24
-128.0%
Q3 24
-133.2%
Q2 24
-198.2%
Q1 24
-252.9%
Capex Intensity
DNA
DNA
IVR
IVR
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
15.8%
Q4 24
31.3%
Q3 24
16.9%
Q2 24
48.1%
Q1 24
17.7%
Cash Conversion
DNA
DNA
IVR
IVR
Q4 25
3.05×
Q3 25
0.70×
Q2 25
Q1 25
0.98×
Q4 24
52.24×
Q3 24
0.76×
Q2 24
Q1 24
1.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DNA
DNA

Cell Engineering Segment$26.0M78%
Other$7.4M22%

IVR
IVR

Segment breakdown not available.

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