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Side-by-side financial comparison of First Foundation Inc. (FFWM) and INNEOVA Holdings Ltd (INEO). Click either name above to swap in a different company.

First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $30.8M, roughly 1.6× INNEOVA Holdings Ltd). INNEOVA Holdings Ltd runs the higher net margin — 0.8% vs -97.9%, a 98.7% gap on every dollar of revenue. INNEOVA Holdings Ltd produced more free cash flow last quarter ($-1.5M vs $-35.2M).

FFWM vs INEO — Head-to-Head

Bigger by revenue
FFWM
FFWM
1.6× larger
FFWM
$48.4M
$30.8M
INEO
Higher net margin
INEO
INEO
98.7% more per $
INEO
0.8%
-97.9%
FFWM
More free cash flow
INEO
INEO
$33.7M more FCF
INEO
$-1.5M
$-35.2M
FFWM

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FFWM
FFWM
INEO
INEO
Revenue
$48.4M
$30.8M
Net Profit
$-8.0M
$243.0K
Gross Margin
19.3%
Operating Margin
-97.5%
3.6%
Net Margin
-97.9%
0.8%
Revenue YoY
421.7%
Net Profit YoY
43.0%
EPS (diluted)
$-0.09
$0.02

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
FFWM
FFWM
INEO
INEO
Q4 25
$48.4M
Q3 25
$63.6M
Q2 25
$51.4M
$30.8M
Q1 25
$71.4M
Q4 24
$9.3M
Q3 24
$9.2M
Q2 24
$57.5M
Q1 24
$51.1M
Net Profit
FFWM
FFWM
INEO
INEO
Q4 25
$-8.0M
Q3 25
$-146.3M
Q2 25
$-7.7M
$243.0K
Q1 25
$6.9M
Q4 24
$-14.1M
Q3 24
$-82.2M
Q2 24
$3.1M
Q1 24
$793.0K
Gross Margin
FFWM
FFWM
INEO
INEO
Q4 25
Q3 25
Q2 25
19.3%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
FFWM
FFWM
INEO
INEO
Q4 25
-97.5%
Q3 25
-92.7%
Q2 25
-21.1%
3.6%
Q1 25
8.8%
Q4 24
-247.7%
Q3 24
-1276.7%
Q2 24
4.6%
Q1 24
-0.2%
Net Margin
FFWM
FFWM
INEO
INEO
Q4 25
-97.9%
Q3 25
-230.1%
Q2 25
-15.0%
0.8%
Q1 25
9.7%
Q4 24
-152.2%
Q3 24
-896.9%
Q2 24
5.4%
Q1 24
1.6%
EPS (diluted)
FFWM
FFWM
INEO
INEO
Q4 25
$-0.09
Q3 25
$-1.78
Q2 25
$-0.09
$0.02
Q1 25
$0.08
Q4 24
$-0.24
Q3 24
$-1.23
Q2 24
$0.05
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
INEO
INEO
Cash + ST InvestmentsLiquidity on hand
$1.6B
$2.1M
Total DebtLower is stronger
$2.9M
Stockholders' EquityBook value
$912.6M
$11.2M
Total Assets
$11.9B
$52.6M
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
INEO
INEO
Q4 25
$1.6B
Q3 25
$1.7B
Q2 25
$1.1B
$2.1M
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.4B
Q1 24
$1.6B
Total Debt
FFWM
FFWM
INEO
INEO
Q4 25
Q3 25
Q2 25
$2.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FFWM
FFWM
INEO
INEO
Q4 25
$912.6M
Q3 25
$917.9M
Q2 25
$1.1B
$11.2M
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$933.2M
Q1 24
$928.7M
Total Assets
FFWM
FFWM
INEO
INEO
Q4 25
$11.9B
Q3 25
$11.9B
Q2 25
$11.6B
$52.6M
Q1 25
$12.6B
Q4 24
$12.6B
Q3 24
$13.4B
Q2 24
$13.7B
Q1 24
$13.6B
Debt / Equity
FFWM
FFWM
INEO
INEO
Q4 25
Q3 25
Q2 25
0.26×
Q1 25
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
FFWM
FFWM
INEO
INEO
Operating Cash FlowLast quarter
$-31.9M
$-301.0K
Free Cash FlowOCF − Capex
$-35.2M
$-1.5M
FCF MarginFCF / Revenue
-72.8%
-4.8%
Capex IntensityCapex / Revenue
6.9%
3.8%
Cash ConversionOCF / Net Profit
-1.24×
TTM Free Cash FlowTrailing 4 quarters
$-45.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
INEO
INEO
Q4 25
$-31.9M
Q3 25
$9.2M
Q2 25
$-16.3M
$-301.0K
Q1 25
$-552.0K
Q4 24
$-8.7M
Q3 24
$14.2M
Q2 24
$-9.1M
Q1 24
$7.2M
Free Cash Flow
FFWM
FFWM
INEO
INEO
Q4 25
$-35.2M
Q3 25
$8.6M
Q2 25
$-16.7M
$-1.5M
Q1 25
$-2.5M
Q4 24
$-11.4M
Q3 24
$13.4M
Q2 24
$-9.4M
Q1 24
$5.9M
FCF Margin
FFWM
FFWM
INEO
INEO
Q4 25
-72.8%
Q3 25
13.5%
Q2 25
-32.4%
-4.8%
Q1 25
-3.5%
Q4 24
-123.5%
Q3 24
146.2%
Q2 24
-16.3%
Q1 24
11.6%
Capex Intensity
FFWM
FFWM
INEO
INEO
Q4 25
6.9%
Q3 25
1.0%
Q2 25
0.8%
3.8%
Q1 25
2.8%
Q4 24
29.4%
Q3 24
9.0%
Q2 24
0.4%
Q1 24
2.5%
Cash Conversion
FFWM
FFWM
INEO
INEO
Q4 25
Q3 25
Q2 25
-1.24×
Q1 25
-0.08×
Q4 24
Q3 24
Q2 24
-2.96×
Q1 24
9.09×

Financial Flow Comparison

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

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