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

iSpecimen Inc. is the larger business by last-quarter revenue ($713.1K vs $565.5K, roughly 1.3× DYADIC INTERNATIONAL INC). iSpecimen Inc. runs the higher net margin — -146.9% vs -277.1%, a 130.3% gap on every dollar of revenue. On growth, DYADIC INTERNATIONAL INC posted the faster year-over-year revenue change (-30.8% vs -75.1%). Over the past eight quarters, DYADIC INTERNATIONAL INC's revenue compounded faster (30.0% CAGR vs -49.3%).

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.

Specimen Products is a Chicago-based manufacturer of custom guitars, tube amplifiers, and audio horn speakers led by luthier Ian Schneller. Specimen Products also offers courses in guitar and tube amplifier design, construction, and repair through their Chicago School of Guitar Making. The Specimen workshop offers repair services to the general public, making use of their collection of parts from rare and vintage manufacturers.

DYAI vs ISPC — Head-to-Head

Bigger by revenue
ISPC
ISPC
1.3× larger
ISPC
$713.1K
$565.5K
DYAI
Growing faster (revenue YoY)
DYAI
DYAI
+44.3% gap
DYAI
-30.8%
-75.1%
ISPC
Higher net margin
ISPC
ISPC
130.3% more per $
ISPC
-146.9%
-277.1%
DYAI
Faster 2-yr revenue CAGR
DYAI
DYAI
Annualised
DYAI
30.0%
-49.3%
ISPC

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
DYAI
DYAI
ISPC
ISPC
Revenue
$565.5K
$713.1K
Net Profit
$-1.6M
$-1.0M
Gross Margin
44.4%
Operating Margin
-271.6%
-255.4%
Net Margin
-277.1%
-146.9%
Revenue YoY
-30.8%
-75.1%
Net Profit YoY
-1.1%
50.3%
EPS (diluted)
$-0.42

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
ISPC
ISPC
Q4 25
$565.5K
Q3 25
$1.2M
Q2 25
$966.6K
$713.1K
Q1 25
$393.6K
$1.1M
Q4 24
$817.4K
$1.5M
Q3 24
$2.0M
$2.7M
Q2 24
$385.9K
$2.9M
Q1 24
$334.6K
$2.3M
Net Profit
DYAI
DYAI
ISPC
ISPC
Q4 25
$-1.6M
Q3 25
$-2.0M
Q2 25
$-1.8M
$-1.0M
Q1 25
$-2.0M
$-1.7M
Q4 24
$-1.6M
$-6.0M
Q3 24
$-203.5K
$-1.4M
Q2 24
$-2.0M
$-2.1M
Q1 24
$-2.0M
$-2.9M
Gross Margin
DYAI
DYAI
ISPC
ISPC
Q4 25
Q3 25
12.1%
Q2 25
44.4%
Q1 25
42.4%
Q4 24
56.8%
13.5%
Q3 24
79.8%
43.4%
Q2 24
21.8%
51.9%
Q1 24
57.0%
58.4%
Operating Margin
DYAI
DYAI
ISPC
ISPC
Q4 25
-271.6%
Q3 25
-165.3%
Q2 25
-178.9%
-255.4%
Q1 25
-508.8%
-154.9%
Q4 24
-187.2%
-395.8%
Q3 24
-10.4%
-64.1%
Q2 24
-529.3%
-76.2%
Q1 24
-635.2%
-131.0%
Net Margin
DYAI
DYAI
ISPC
ISPC
Q4 25
-277.1%
Q3 25
-169.7%
Q2 25
-185.6%
-146.9%
Q1 25
-515.2%
-156.8%
Q4 24
-189.7%
-409.8%
Q3 24
-10.4%
-54.1%
Q2 24
-530.0%
-73.6%
Q1 24
-600.6%
-126.7%
EPS (diluted)
DYAI
DYAI
ISPC
ISPC
Q4 25
Q3 25
$-0.06
Q2 25
$-0.06
$-0.42
Q1 25
$-0.71
Q4 24
$-5.40
Q3 24
$-0.01
$-2.10
Q2 24
$-0.07
$-3.72
Q1 24
$-6.36

Balance Sheet & Financial Strength

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

Metric
DYAI
DYAI
ISPC
ISPC
Cash + ST InvestmentsLiquidity on hand
$7.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2M
$622.0K
Total Assets
$9.9M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DYAI
DYAI
ISPC
ISPC
Q4 25
$7.3M
Q3 25
$8.9M
Q2 25
$5.0M
Q1 25
$7.4M
Q4 24
$9.3M
$1.9M
Q3 24
$5.9M
$1.8M
Q2 24
$6.1M
$2.2M
Q1 24
$10.6M
$2.1M
Stockholders' Equity
DYAI
DYAI
ISPC
ISPC
Q4 25
$1.2M
Q3 25
$2.6M
Q2 25
$-529.7K
$622.0K
Q1 25
$923.6K
$1.7M
Q4 24
$2.5M
$3.3M
Q3 24
$3.4M
$4.7M
Q2 24
$3.2M
$6.1M
Q1 24
$4.5M
$6.8M
Total Assets
DYAI
DYAI
ISPC
ISPC
Q4 25
$9.9M
Q3 25
$11.7M
Q2 25
$8.1M
$6.0M
Q1 25
$7.9M
$6.8M
Q4 24
$9.9M
$9.4M
Q3 24
$10.8M
$11.3M
Q2 24
$10.6M
$11.9M
Q1 24
$12.7M
$12.5M

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
ISPC
ISPC
Operating Cash FlowLast quarter
$-1.8M
$-192.2K
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
DYAI
DYAI
ISPC
ISPC
Q4 25
$-1.8M
Q3 25
$-1.9M
Q2 25
$-130.0K
$-192.2K
Q1 25
$-1.9M
$-1.1M
Q4 24
$-696.4K
$-3.6M
Q3 24
$-201.1K
$-1.1M
Q2 24
$-2.0M
$-1.5M
Q1 24
$-1.1M
$-2.1M
Free Cash Flow
DYAI
DYAI
ISPC
ISPC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-3.6M
Q3 24
$-1.1M
Q2 24
Q1 24
$-2.1M
FCF Margin
DYAI
DYAI
ISPC
ISPC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-242.7%
Q3 24
-41.1%
Q2 24
Q1 24
-90.9%
Capex Intensity
DYAI
DYAI
ISPC
ISPC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.5%
Q3 24
0.5%
Q2 24
0.0%
Q1 24
0.4%

Financial Flow Comparison

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

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