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Side-by-side financial comparison of DYADIC INTERNATIONAL INC (DYAI) and Ivanhoe Electric Inc. (IE). Click either name above to swap in a different company.

Ivanhoe Electric Inc. is the larger business by last-quarter revenue ($896.0K vs $565.5K, roughly 1.6× DYADIC INTERNATIONAL INC). DYADIC INTERNATIONAL INC runs the higher net margin — -277.1% vs -4500.4%, a 4223.3% gap on every dollar of revenue. On growth, DYADIC INTERNATIONAL INC posted the faster year-over-year revenue change (-30.8% vs -32.7%). Over the past eight quarters, Ivanhoe Electric Inc.'s revenue compounded faster (57.8% CAGR vs 30.0%).

Dyadic International Inc is a global biotechnology firm that develops and manufactures proprietary high-performance enzymes, biologic therapies and sustainable bioproducts. It serves pharma, industrial biotech, agricultural and environmental sectors across North America, Europe and Asia Pacific, using its patented C1 gene expression platform to drive cost-effective scalable biomanufacturing.

Ivanhoe Electric Inc. is a critical minerals exploration and development firm focused on metals for global electrification. It targets high-grade copper, gold, silver and strategic deposits, with primary North American operations, supplying raw materials to renewable energy, EV and power grid infrastructure supply chains worldwide.

DYAI vs IE — Head-to-Head

Bigger by revenue
IE
IE
1.6× larger
IE
$896.0K
$565.5K
DYAI
Growing faster (revenue YoY)
DYAI
DYAI
+1.9% gap
DYAI
-30.8%
-32.7%
IE
Higher net margin
DYAI
DYAI
4223.3% more per $
DYAI
-277.1%
-4500.4%
IE
Faster 2-yr revenue CAGR
IE
IE
Annualised
IE
57.8%
30.0%
DYAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DYAI
DYAI
IE
IE
Revenue
$565.5K
$896.0K
Net Profit
$-1.6M
$-40.3M
Gross Margin
69.5%
Operating Margin
-271.6%
-4167.7%
Net Margin
-277.1%
-4500.4%
Revenue YoY
-30.8%
-32.7%
Net Profit YoY
-1.1%
-318.3%
EPS (diluted)
$0.24

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
DYAI
DYAI
IE
IE
Q4 25
$565.5K
$896.0K
Q3 25
$1.2M
$545.0K
Q2 25
$966.6K
$1.1M
Q1 25
$393.6K
$735.0K
Q4 24
$817.4K
$1.3M
Q3 24
$2.0M
$671.0K
Q2 24
$385.9K
$538.0K
Q1 24
$334.6K
$360.0K
Net Profit
DYAI
DYAI
IE
IE
Q4 25
$-1.6M
$-40.3M
Q3 25
$-2.0M
$-17.5M
Q2 25
$-1.8M
$-23.9M
Q1 25
$-2.0M
$-34.1M
Q4 24
$-1.6M
$18.5M
Q3 24
$-203.5K
$-43.2M
Q2 24
$-2.0M
$-46.8M
Q1 24
$-2.0M
$-60.1M
Gross Margin
DYAI
DYAI
IE
IE
Q4 25
69.5%
Q3 25
12.1%
51.2%
Q2 25
72.5%
Q1 25
60.1%
Q4 24
56.8%
64.7%
Q3 24
79.8%
61.8%
Q2 24
21.8%
64.3%
Q1 24
57.0%
72.2%
Operating Margin
DYAI
DYAI
IE
IE
Q4 25
-271.6%
-4167.7%
Q3 25
-165.3%
-4328.3%
Q2 25
-178.9%
-2400.3%
Q1 25
-508.8%
-3674.0%
Q4 24
-187.2%
-2229.4%
Q3 24
-10.4%
-6233.8%
Q2 24
-529.3%
-9023.4%
Q1 24
-635.2%
-15800.3%
Net Margin
DYAI
DYAI
IE
IE
Q4 25
-277.1%
-4500.4%
Q3 25
-169.7%
-3214.9%
Q2 25
-185.6%
-2233.2%
Q1 25
-515.2%
-4645.0%
Q4 24
-189.7%
1386.6%
Q3 24
-10.4%
-6443.5%
Q2 24
-530.0%
-8695.7%
Q1 24
-600.6%
-16693.1%
EPS (diluted)
DYAI
DYAI
IE
IE
Q4 25
$0.24
Q3 25
$-0.06
$0.13
Q2 25
$-0.06
$0.18
Q1 25
$0.24
Q4 24
$-0.14
Q3 24
$-0.01
$0.36
Q2 24
$-0.07
$0.39
Q1 24
$0.46

Balance Sheet & Financial Strength

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

Metric
DYAI
DYAI
IE
IE
Cash + ST InvestmentsLiquidity on hand
$7.3M
$173.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2M
$416.1M
Total Assets
$9.9M
$483.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DYAI
DYAI
IE
IE
Q4 25
$7.3M
$173.3M
Q3 25
$8.9M
$69.5M
Q2 25
$5.0M
$88.0M
Q1 25
$7.4M
$98.2M
Q4 24
$9.3M
$41.0M
Q3 24
$5.9M
$81.1M
Q2 24
$6.1M
$133.8M
Q1 24
$10.6M
$179.4M
Stockholders' Equity
DYAI
DYAI
IE
IE
Q4 25
$1.2M
$416.1M
Q3 25
$2.6M
$280.1M
Q2 25
$-529.7K
$293.3M
Q1 25
$923.6K
$307.0M
Q4 24
$2.5M
$268.6M
Q3 24
$3.4M
$250.1M
Q2 24
$3.2M
$289.2M
Q1 24
$4.5M
$331.5M
Total Assets
DYAI
DYAI
IE
IE
Q4 25
$9.9M
$483.3M
Q3 25
$11.7M
$386.2M
Q2 25
$8.1M
$400.5M
Q1 25
$7.9M
$414.4M
Q4 24
$9.9M
$374.9M
Q3 24
$10.8M
$375.4M
Q2 24
$10.6M
$416.3M
Q1 24
$12.7M
$461.2M

Cash Flow & Capital Efficiency

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

Metric
DYAI
DYAI
IE
IE
Operating Cash FlowLast quarter
$-1.8M
$-25.7M
Free Cash FlowOCF − Capex
$-25.7M
FCF MarginFCF / Revenue
-2872.8%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-90.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DYAI
DYAI
IE
IE
Q4 25
$-1.8M
$-25.7M
Q3 25
$-1.9M
$-27.7M
Q2 25
$-130.0K
$-20.0M
Q1 25
$-1.9M
$-15.8M
Q4 24
$-696.4K
$-30.7M
Q3 24
$-201.1K
$-36.9M
Q2 24
$-2.0M
$-44.5M
Q1 24
$-1.1M
$-50.0M
Free Cash Flow
DYAI
DYAI
IE
IE
Q4 25
$-25.7M
Q3 25
$-27.8M
Q2 25
$-21.3M
Q1 25
$-15.8M
Q4 24
$-32.4M
Q3 24
$-36.9M
Q2 24
$-45.0M
Q1 24
$-50.6M
FCF Margin
DYAI
DYAI
IE
IE
Q4 25
-2872.8%
Q3 25
-5103.9%
Q2 25
-1990.1%
Q1 25
-2146.5%
Q4 24
-2432.4%
Q3 24
-5506.6%
Q2 24
-8372.9%
Q1 24
-14064.2%
Capex Intensity
DYAI
DYAI
IE
IE
Q4 25
4.1%
Q3 25
16.9%
Q2 25
117.6%
Q1 25
0.3%
Q4 24
127.3%
Q3 24
8.8%
Q2 24
93.7%
Q1 24
186.7%
Cash Conversion
DYAI
DYAI
IE
IE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-1.66×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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