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Side-by-side financial comparison of Foxx Development Holdings Inc. (FOXX) and Immunovant, Inc. (IMVT). Click either name above to swap in a different company.

Foxx Development Holdings Inc. is the larger business by last-quarter revenue ($16.7M vs $8.4M, roughly 2.0× Immunovant, Inc.). Foxx Development Holdings Inc. runs the higher net margin — -25.6% vs -899.0%, a 873.4% gap on every dollar of revenue. On growth, Immunovant, Inc. posted the faster year-over-year revenue change (140.7% vs -4.4%).

Immunovant, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative monoclonal antibody therapies for patients with serious, rare autoimmune and inflammatory diseases. Its lead product candidate covers multiple autoimmune indications, with core U.S. operations and a global market expansion strategy.

FOXX vs IMVT — Head-to-Head

Bigger by revenue
FOXX
FOXX
2.0× larger
FOXX
$16.7M
$8.4M
IMVT
Growing faster (revenue YoY)
IMVT
IMVT
+145.1% gap
IMVT
140.7%
-4.4%
FOXX
Higher net margin
FOXX
FOXX
873.4% more per $
FOXX
-25.6%
-899.0%
IMVT

Income Statement — Q2 FY2026 vs Q4 FY2024

Metric
FOXX
FOXX
IMVT
IMVT
Revenue
$16.7M
$8.4M
Net Profit
$-4.3M
$-75.3M
Gross Margin
13.3%
Operating Margin
-13.3%
-896.2%
Net Margin
-25.6%
-899.0%
Revenue YoY
-4.4%
140.7%
Net Profit YoY
-400.9%
-26.7%
EPS (diluted)
$-0.62
$-0.50

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
FOXX
FOXX
IMVT
IMVT
Q4 25
$16.7M
Q3 25
$20.2M
Q2 25
$13.9M
Q1 25
$11.4M
Q4 24
$17.5M
Q3 24
$23.1M
Q1 24
$8.4M
Q4 23
$8.9M
Net Profit
FOXX
FOXX
IMVT
IMVT
Q4 25
$-4.3M
Q3 25
$-2.9M
Q2 25
$-4.1M
Q1 25
$-4.1M
Q4 24
$1.4M
Q3 24
$-2.3M
Q1 24
$-75.3M
Q4 23
$-51.4M
Gross Margin
FOXX
FOXX
IMVT
IMVT
Q4 25
13.3%
Q3 25
13.6%
Q2 25
10.9%
Q1 25
5.8%
Q4 24
12.5%
Q3 24
1.7%
Q1 24
Q4 23
Operating Margin
FOXX
FOXX
IMVT
IMVT
Q4 25
-13.3%
Q3 25
-4.4%
Q2 25
-15.0%
Q1 25
-31.3%
Q4 24
-12.8%
Q3 24
-7.8%
Q1 24
-896.2%
Q4 23
-576.8%
Net Margin
FOXX
FOXX
IMVT
IMVT
Q4 25
-25.6%
Q3 25
-14.2%
Q2 25
-29.4%
Q1 25
-35.9%
Q4 24
8.1%
Q3 24
-9.8%
Q1 24
-899.0%
Q4 23
-575.6%
EPS (diluted)
FOXX
FOXX
IMVT
IMVT
Q4 25
$-0.62
Q3 25
$-0.42
Q2 25
$-0.44
Q1 25
$-0.58
Q4 24
$0.20
Q3 24
$-0.65
Q1 24
$-0.50
Q4 23
$-0.36

Balance Sheet & Financial Strength

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

Metric
FOXX
FOXX
IMVT
IMVT
Cash + ST InvestmentsLiquidity on hand
$1.8M
$635.4M
Total DebtLower is stronger
$84.8K
Stockholders' EquityBook value
$-11.8M
$617.8M
Total Assets
$42.0M
$666.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOXX
FOXX
IMVT
IMVT
Q4 25
$1.8M
Q3 25
$1.5M
Q2 25
$1.9M
Q1 25
$3.8M
Q4 24
$3.9M
Q3 24
$9.2M
Q1 24
$635.4M
Q4 23
$690.9M
Total Debt
FOXX
FOXX
IMVT
IMVT
Q4 25
$84.8K
Q3 25
$90.2K
Q2 25
$97.2K
Q1 25
$100.5K
Q4 24
$105.5K
Q3 24
$110.3K
Q1 24
Q4 23
Stockholders' Equity
FOXX
FOXX
IMVT
IMVT
Q4 25
$-11.8M
Q3 25
$-7.9M
Q2 25
$-5.4M
Q1 25
$-1.6M
Q4 24
$2.2M
Q3 24
$457.2K
Q1 24
$617.8M
Q4 23
$679.3M
Total Assets
FOXX
FOXX
IMVT
IMVT
Q4 25
$42.0M
Q3 25
$49.8M
Q2 25
$26.0M
Q1 25
$32.9M
Q4 24
$31.9M
Q3 24
$49.5M
Q1 24
$666.4M
Q4 23
$711.4M
Debt / Equity
FOXX
FOXX
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.05×
Q3 24
0.24×
Q1 24
Q4 23

Cash Flow & Capital Efficiency

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

Metric
FOXX
FOXX
IMVT
IMVT
Operating Cash FlowLast quarter
$284.2K
$-59.7M
Free Cash FlowOCF − Capex
$-59.8M
FCF MarginFCF / Revenue
-714.4%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-214.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOXX
FOXX
IMVT
IMVT
Q4 25
$284.2K
Q3 25
$-376.8K
Q2 25
$-1.9M
Q1 25
$-178.4K
Q4 24
$-4.2M
Q3 24
$-243.5K
Q1 24
$-59.7M
Q4 23
$-47.1M
Free Cash Flow
FOXX
FOXX
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-4.3M
Q3 24
$-278.5K
Q1 24
$-59.8M
Q4 23
$-47.2M
FCF Margin
FOXX
FOXX
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-24.4%
Q3 24
-1.2%
Q1 24
-714.4%
Q4 23
-528.7%
Capex Intensity
FOXX
FOXX
IMVT
IMVT
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.2%
Q1 24
1.8%
Q4 23
1.5%
Cash Conversion
FOXX
FOXX
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-2.97×
Q3 24
Q1 24
Q4 23

Financial Flow Comparison

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

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