vs

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

Innventure, Inc. is the larger business by last-quarter revenue ($822.0K vs $565.5K, roughly 1.5× DYADIC INTERNATIONAL INC). DYADIC INTERNATIONAL INC runs the higher net margin — -277.1% vs -4593.8%, a 4316.7% gap on every dollar of revenue.

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.

Innventure, Inc. is a business development and commercialization firm that partners with large global corporations to turn their underutilized intellectual property and unused R&D innovations into scalable, high-growth independent businesses. It focuses on sectors including sustainability, advanced materials and life sciences, serving primarily North American and European markets.

DYAI vs INV — Head-to-Head

Bigger by revenue
INV
INV
1.5× larger
INV
$822.0K
$565.5K
DYAI
Higher net margin
DYAI
DYAI
4316.7% more per $
DYAI
-277.1%
-4593.8%
INV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DYAI
DYAI
INV
INV
Revenue
$565.5K
$822.0K
Net Profit
$-1.6M
$-37.8M
Gross Margin
-1315.8%
Operating Margin
-271.6%
-3859.1%
Net Margin
-277.1%
-4593.8%
Revenue YoY
-30.8%
Net Profit YoY
-1.1%
EPS (diluted)
$-0.18

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
INV
INV
Q4 25
$565.5K
$822.0K
Q3 25
$1.2M
$534.0K
Q2 25
$966.6K
$476.0K
Q1 25
$393.6K
$224.0K
Q4 24
$817.4K
Q3 24
$2.0M
$317.0K
Q2 24
$385.9K
Q1 24
$334.6K
Net Profit
DYAI
DYAI
INV
INV
Q4 25
$-1.6M
$-37.8M
Q3 25
$-2.0M
$-28.3M
Q2 25
$-1.8M
$-84.2M
Q1 25
$-2.0M
$-143.0M
Q4 24
$-1.6M
Q3 24
$-203.5K
$-2.2M
Q2 24
$-2.0M
Q1 24
$-2.0M
Gross Margin
DYAI
DYAI
INV
INV
Q4 25
-1315.8%
Q3 25
12.1%
-676.6%
Q2 25
-501.1%
Q1 25
17.9%
Q4 24
56.8%
Q3 24
79.8%
-145.1%
Q2 24
21.8%
Q1 24
57.0%
Operating Margin
DYAI
DYAI
INV
INV
Q4 25
-271.6%
-3859.1%
Q3 25
-165.3%
-5469.1%
Q2 25
-178.9%
-29952.5%
Q1 25
-508.8%
-116606.3%
Q4 24
-187.2%
Q3 24
-10.4%
-4313.6%
Q2 24
-529.3%
Q1 24
-635.2%
Net Margin
DYAI
DYAI
INV
INV
Q4 25
-277.1%
-4593.8%
Q3 25
-169.7%
-5305.6%
Q2 25
-185.6%
-17694.7%
Q1 25
-515.2%
-63837.9%
Q4 24
-189.7%
Q3 24
-10.4%
-697.5%
Q2 24
-530.0%
Q1 24
-600.6%
EPS (diluted)
DYAI
DYAI
INV
INV
Q4 25
$-0.18
Q3 25
$-0.06
$-0.51
Q2 25
$-0.06
$-1.60
Q1 25
$-3.10
Q4 24
Q3 24
$-0.01
$-0.94
Q2 24
$-0.07
Q1 24

Balance Sheet & Financial Strength

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

Metric
DYAI
DYAI
INV
INV
Cash + ST InvestmentsLiquidity on hand
$7.3M
$60.4M
Total DebtLower is stronger
$8.3M
Stockholders' EquityBook value
$1.2M
$204.2M
Total Assets
$9.9M
$599.2M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DYAI
DYAI
INV
INV
Q4 25
$7.3M
$60.4M
Q3 25
$8.9M
$9.1M
Q2 25
$5.0M
$7.0M
Q1 25
$7.4M
Q4 24
$9.3M
Q3 24
$5.9M
Q2 24
$6.1M
Q1 24
$10.6M
Total Debt
DYAI
DYAI
INV
INV
Q4 25
$8.3M
Q3 25
$29.5M
Q2 25
$16.8M
Q1 25
$12.3M
Q4 24
Q3 24
$14.9M
Q2 24
Q1 24
Stockholders' Equity
DYAI
DYAI
INV
INV
Q4 25
$1.2M
$204.2M
Q3 25
$2.6M
$190.8M
Q2 25
$-529.7K
$218.6M
Q1 25
$923.6K
$261.5M
Q4 24
$2.5M
Q3 24
$3.4M
$-22.3M
Q2 24
$3.2M
Q1 24
$4.5M
Total Assets
DYAI
DYAI
INV
INV
Q4 25
$9.9M
$599.2M
Q3 25
$11.7M
$556.5M
Q2 25
$8.1M
$556.0M
Q1 25
$7.9M
$660.4M
Q4 24
$9.9M
Q3 24
$10.8M
$55.7M
Q2 24
$10.6M
Q1 24
$12.7M
Debt / Equity
DYAI
DYAI
INV
INV
Q4 25
0.04×
Q3 25
0.15×
Q2 25
0.08×
Q1 25
0.05×
Q4 24
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
DYAI
DYAI
INV
INV
Operating Cash FlowLast quarter
$-1.8M
$-80.7M
Free Cash FlowOCF − Capex
$-82.1M
FCF MarginFCF / Revenue
-9987.8%
Capex IntensityCapex / Revenue
172.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-139.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DYAI
DYAI
INV
INV
Q4 25
$-1.8M
$-80.7M
Q3 25
$-1.9M
$-19.6M
Q2 25
$-130.0K
$-22.1M
Q1 25
$-1.9M
$-14.7M
Q4 24
$-696.4K
Q3 24
$-201.1K
Q2 24
$-2.0M
Q1 24
$-1.1M
Free Cash Flow
DYAI
DYAI
INV
INV
Q4 25
$-82.1M
Q3 25
$-20.0M
Q2 25
$-22.1M
Q1 25
$-15.6M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
DYAI
DYAI
INV
INV
Q4 25
-9987.8%
Q3 25
-3747.8%
Q2 25
-4637.2%
Q1 25
-6970.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
DYAI
DYAI
INV
INV
Q4 25
172.4%
Q3 25
82.2%
Q2 25
3.2%
Q1 25
409.4%
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Related Comparisons