vs

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

DYADIC INTERNATIONAL INC is the larger business by last-quarter revenue ($565.5K vs $430.0K, roughly 1.3× Neonode Inc.). Neonode Inc. runs the higher net margin — 3298.6% vs -277.1%, a 3575.7% gap on every dollar of revenue. On growth, DYADIC INTERNATIONAL INC posted the faster year-over-year revenue change (-30.8% vs -48.7%). Over the past eight quarters, DYADIC INTERNATIONAL INC's revenue compounded faster (30.0% CAGR vs -34.5%).

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.

Neonode Inc. develops and markets innovative optical touch sensing and contactless gesture recognition technologies for global clients. Its core offerings include zForce sensing modules, embedded software solutions and custom integration services, deployed across key end segments including automotive infotainment systems, industrial human-machine interfaces, consumer electronics and medical devices.

DYAI vs NEON — Head-to-Head

Bigger by revenue
DYAI
DYAI
1.3× larger
DYAI
$565.5K
$430.0K
NEON
Growing faster (revenue YoY)
DYAI
DYAI
+17.9% gap
DYAI
-30.8%
-48.7%
NEON
Higher net margin
NEON
NEON
3575.7% more per $
NEON
3298.6%
-277.1%
DYAI
Faster 2-yr revenue CAGR
DYAI
DYAI
Annualised
DYAI
30.0%
-34.5%
NEON

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DYAI
DYAI
NEON
NEON
Revenue
$565.5K
$430.0K
Net Profit
$-1.6M
$14.2M
Gross Margin
97.9%
Operating Margin
-271.6%
Net Margin
-277.1%
3298.6%
Revenue YoY
-30.8%
-48.7%
Net Profit YoY
-1.1%
1404.9%
EPS (diluted)

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
NEON
NEON
Q4 25
$565.5K
Q3 25
$1.2M
$430.0K
Q2 25
$966.6K
$599.0K
Q1 25
$393.6K
$513.0K
Q4 24
$817.4K
Q3 24
$2.0M
$838.0K
Q2 24
$385.9K
$801.0K
Q1 24
$334.6K
$814.0K
Net Profit
DYAI
DYAI
NEON
NEON
Q4 25
$-1.6M
Q3 25
$-2.0M
$14.2M
Q2 25
$-1.8M
$-1.9M
Q1 25
$-2.0M
$-1.7M
Q4 24
$-1.6M
Q3 24
$-203.5K
$-1.1M
Q2 24
$-2.0M
$-1.7M
Q1 24
$-2.0M
$-2.1M
Gross Margin
DYAI
DYAI
NEON
NEON
Q4 25
Q3 25
12.1%
97.9%
Q2 25
99.0%
Q1 25
98.2%
Q4 24
56.8%
Q3 24
79.8%
97.3%
Q2 24
21.8%
97.0%
Q1 24
57.0%
97.9%
Operating Margin
DYAI
DYAI
NEON
NEON
Q4 25
-271.6%
Q3 25
-165.3%
Q2 25
-178.9%
-352.3%
Q1 25
-508.8%
-383.0%
Q4 24
-187.2%
Q3 24
-10.4%
-146.2%
Q2 24
-529.3%
-223.3%
Q1 24
-635.2%
-231.7%
Net Margin
DYAI
DYAI
NEON
NEON
Q4 25
-277.1%
Q3 25
-169.7%
3298.6%
Q2 25
-185.6%
-311.9%
Q1 25
-515.2%
-337.8%
Q4 24
-189.7%
Q3 24
-10.4%
-129.7%
Q2 24
-530.0%
-211.6%
Q1 24
-600.6%
-256.0%
EPS (diluted)
DYAI
DYAI
NEON
NEON
Q4 25
Q3 25
$-0.06
Q2 25
$-0.06
$-0.11
Q1 25
$-0.10
Q4 24
Q3 24
$-0.01
$-0.07
Q2 24
$-0.07
$-0.11
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
DYAI
DYAI
NEON
NEON
Cash + ST InvestmentsLiquidity on hand
$7.3M
$11.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2M
$26.8M
Total Assets
$9.9M
$32.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DYAI
DYAI
NEON
NEON
Q4 25
$7.3M
Q3 25
$8.9M
$11.6M
Q2 25
$5.0M
$13.2M
Q1 25
$7.4M
$15.0M
Q4 24
$9.3M
Q3 24
$5.9M
Q2 24
$6.1M
Q1 24
$10.6M
$14.3M
Stockholders' Equity
DYAI
DYAI
NEON
NEON
Q4 25
$1.2M
Q3 25
$2.6M
$26.8M
Q2 25
$-529.7K
$12.7M
Q1 25
$923.6K
$14.6M
Q4 24
$2.5M
Q3 24
$3.4M
$18.0M
Q2 24
$3.2M
$13.3M
Q1 24
$4.5M
$15.0M
Total Assets
DYAI
DYAI
NEON
NEON
Q4 25
$9.9M
Q3 25
$11.7M
$32.8M
Q2 25
$8.1M
$15.1M
Q1 25
$7.9M
$17.0M
Q4 24
$9.9M
Q3 24
$10.8M
$19.6M
Q2 24
$10.6M
$15.2M
Q1 24
$12.7M
$16.9M

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
NEON
NEON
Operating Cash FlowLast quarter
$-1.8M
$-1.5M
Free Cash FlowOCF − Capex
$-1.6M
FCF MarginFCF / Revenue
-372.6%
Capex IntensityCapex / Revenue
17.4%
Cash ConversionOCF / Net Profit
-0.11×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DYAI
DYAI
NEON
NEON
Q4 25
$-1.8M
Q3 25
$-1.9M
$-1.5M
Q2 25
$-130.0K
$-1.8M
Q1 25
$-1.9M
$-1.4M
Q4 24
$-696.4K
Q3 24
$-201.1K
$-1.3M
Q2 24
$-2.0M
$-1.2M
Q1 24
$-1.1M
$-1.9M
Free Cash Flow
DYAI
DYAI
NEON
NEON
Q4 25
Q3 25
$-1.6M
Q2 25
$-1.8M
Q1 25
$-1.4M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
DYAI
DYAI
NEON
NEON
Q4 25
Q3 25
-372.6%
Q2 25
-296.3%
Q1 25
-272.9%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
DYAI
DYAI
NEON
NEON
Q4 25
Q3 25
17.4%
Q2 25
4.2%
Q1 25
7.8%
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
DYAI
DYAI
NEON
NEON
Q4 25
Q3 25
-0.11×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Related Comparisons