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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) and Immunovant, Inc. (IMVT). Click either name above to swap in a different company.

FrontView REIT, Inc. is the larger business by last-quarter revenue ($16.5M vs $8.4M, roughly 2.0× Immunovant, Inc.). FrontView REIT, Inc. runs the higher net margin — -24.9% vs -899.0%, a 874.1% gap on every dollar of revenue.

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.

FVR vs IMVT — Head-to-Head

Bigger by revenue
FVR
FVR
2.0× larger
FVR
$16.5M
$8.4M
IMVT
Higher net margin
FVR
FVR
874.1% more per $
FVR
-24.9%
-899.0%
IMVT

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
FVR
FVR
IMVT
IMVT
Revenue
$16.5M
$8.4M
Net Profit
$-4.1M
$-75.3M
Gross Margin
Operating Margin
-896.2%
Net Margin
-24.9%
-899.0%
Revenue YoY
140.7%
Net Profit YoY
-26.7%
EPS (diluted)
$-0.19
$-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
FVR
FVR
IMVT
IMVT
Q4 25
$16.5M
Q3 25
$16.8M
Q2 25
$17.6M
Q1 25
$16.2M
Q3 24
$14.5M
Q1 24
$8.4M
Q4 23
$8.9M
Q3 23
$3.6M
Net Profit
FVR
FVR
IMVT
IMVT
Q4 25
$-4.1M
Q3 25
$4.0M
Q2 25
$-2.9M
Q1 25
$-833.0K
Q3 24
$-2.4M
Q1 24
$-75.3M
Q4 23
$-51.4M
Q3 23
$-58.7M
Operating Margin
FVR
FVR
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q1 24
-896.2%
Q4 23
-576.8%
Q3 23
-1629.6%
Net Margin
FVR
FVR
IMVT
IMVT
Q4 25
-24.9%
Q3 25
23.9%
Q2 25
-16.5%
Q1 25
-5.1%
Q3 24
-16.7%
Q1 24
-899.0%
Q4 23
-575.6%
Q3 23
-1642.3%
EPS (diluted)
FVR
FVR
IMVT
IMVT
Q4 25
$-0.19
Q3 25
$0.19
Q2 25
$-0.16
Q1 25
$-0.06
Q3 24
Q1 24
$-0.50
Q4 23
$-0.36
Q3 23
$-0.45

Balance Sheet & Financial Strength

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

Metric
FVR
FVR
IMVT
IMVT
Cash + ST InvestmentsLiquidity on hand
$13.5M
$635.4M
Total DebtLower is stronger
$314.3M
Stockholders' EquityBook value
$391.2M
$617.8M
Total Assets
$854.4M
$666.4M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
IMVT
IMVT
Q4 25
$13.5M
Q3 25
$19.6M
Q2 25
$8.4M
Q1 25
$3.3M
Q3 24
Q1 24
$635.4M
Q4 23
$690.9M
Q3 23
$269.9M
Total Debt
FVR
FVR
IMVT
IMVT
Q4 25
$314.3M
Q3 25
$307.1M
Q2 25
$316.9M
Q1 25
$310.2M
Q3 24
Q1 24
Q4 23
Q3 23
Stockholders' Equity
FVR
FVR
IMVT
IMVT
Q4 25
$391.2M
Q3 25
$385.2M
Q2 25
$369.9M
Q1 25
$324.7M
Q3 24
$1.0K
Q1 24
$617.8M
Q4 23
$679.3M
Q3 23
$251.8M
Total Assets
FVR
FVR
IMVT
IMVT
Q4 25
$854.4M
Q3 25
$846.8M
Q2 25
$856.5M
Q1 25
$860.8M
Q3 24
$1.0K
Q1 24
$666.4M
Q4 23
$711.4M
Q3 23
$292.1M
Debt / Equity
FVR
FVR
IMVT
IMVT
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q3 24
Q1 24
Q4 23
Q3 23

Cash Flow & Capital Efficiency

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

Metric
FVR
FVR
IMVT
IMVT
Operating Cash FlowLast quarter
$42.1M
$-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
FVR
FVR
IMVT
IMVT
Q4 25
$42.1M
Q3 25
$8.3M
Q2 25
$9.3M
Q1 25
$8.1M
Q3 24
Q1 24
$-59.7M
Q4 23
$-47.1M
Q3 23
$-60.1M
Free Cash Flow
FVR
FVR
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q1 24
$-59.8M
Q4 23
$-47.2M
Q3 23
$-60.1M
FCF Margin
FVR
FVR
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q1 24
-714.4%
Q4 23
-528.7%
Q3 23
-1682.4%
Capex Intensity
FVR
FVR
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q1 24
1.8%
Q4 23
1.5%
Q3 23
1.0%
Cash Conversion
FVR
FVR
IMVT
IMVT
Q4 25
Q3 25
2.06×
Q2 25
Q1 25
Q3 24
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

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

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