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

FrontView REIT, Inc. is the larger business by last-quarter revenue ($16.5M vs $16.2M, roughly 1.0× DNA X, Inc.). FrontView REIT, Inc. runs the higher net margin — -24.9% vs -29.3%, a 4.4% gap on every dollar of revenue.

FVR vs SONM — Head-to-Head

Bigger by revenue
FVR
FVR
1.0× larger
FVR
$16.5M
$16.2M
SONM
Higher net margin
FVR
FVR
4.4% more per $
FVR
-24.9%
-29.3%
SONM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FVR
FVR
SONM
SONM
Revenue
$16.5M
$16.2M
Net Profit
$-4.1M
$-4.8M
Gross Margin
11.2%
Operating Margin
-24.5%
Net Margin
-24.9%
-29.3%
Revenue YoY
7.9%
Net Profit YoY
-89.2%
EPS (diluted)
$-0.19
$-4.83

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
SONM
SONM
Q4 25
$16.5M
Q3 25
$16.8M
$16.2M
Q2 25
$17.6M
$11.2M
Q1 25
$16.2M
$16.7M
Q4 24
$15.3M
Q3 24
$14.5M
$15.0M
Q2 24
$11.5M
Q1 24
$9.1M
Net Profit
FVR
FVR
SONM
SONM
Q4 25
$-4.1M
Q3 25
$4.0M
$-4.8M
Q2 25
$-2.9M
$-7.5M
Q1 25
$-833.0K
$458.0K
Q4 24
$-21.6M
Q3 24
$-2.4M
$-2.5M
Q2 24
$-6.6M
Q1 24
$-2.9M
Gross Margin
FVR
FVR
SONM
SONM
Q4 25
Q3 25
11.2%
Q2 25
7.6%
Q1 25
50.0%
Q4 24
-1.2%
Q3 24
28.2%
Q2 24
25.8%
Q1 24
31.8%
Operating Margin
FVR
FVR
SONM
SONM
Q4 25
Q3 25
-24.5%
Q2 25
-60.2%
Q1 25
3.9%
Q4 24
55.3%
Q3 24
-15.8%
Q2 24
-56.2%
Q1 24
-29.5%
Net Margin
FVR
FVR
SONM
SONM
Q4 25
-24.9%
Q3 25
23.9%
-29.3%
Q2 25
-16.5%
-66.8%
Q1 25
-5.1%
2.7%
Q4 24
-141.6%
Q3 24
-16.7%
-16.7%
Q2 24
-57.5%
Q1 24
-31.9%
EPS (diluted)
FVR
FVR
SONM
SONM
Q4 25
$-0.19
Q3 25
$0.19
$-4.83
Q2 25
$-0.16
$-0.79
Q1 25
$-0.06
$0.08
Q4 24
$-116.99
Q3 24
$-9.32
Q2 24
$-1.41
Q1 24
$-0.65

Balance Sheet & Financial Strength

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

Metric
FVR
FVR
SONM
SONM
Cash + ST InvestmentsLiquidity on hand
$13.5M
$2.1M
Total DebtLower is stronger
$314.3M
$5.1M
Stockholders' EquityBook value
$391.2M
$-701.0K
Total Assets
$854.4M
$40.2M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
SONM
SONM
Q4 25
$13.5M
Q3 25
$19.6M
$2.1M
Q2 25
$8.4M
$2.0M
Q1 25
$3.3M
$2.1M
Q4 24
$5.3M
Q3 24
$9.1M
Q2 24
$9.6M
Q1 24
$9.3M
Total Debt
FVR
FVR
SONM
SONM
Q4 25
$314.3M
Q3 25
$307.1M
$5.1M
Q2 25
$316.9M
$2.9M
Q1 25
$310.2M
$2.8M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FVR
FVR
SONM
SONM
Q4 25
$391.2M
Q3 25
$385.2M
$-701.0K
Q2 25
$369.9M
$-1.3M
Q1 25
$324.7M
$-1.1M
Q4 24
$-5.7M
Q3 24
$1.0K
$15.3M
Q2 24
$17.5M
Q1 24
$19.8M
Total Assets
FVR
FVR
SONM
SONM
Q4 25
$854.4M
Q3 25
$846.8M
$40.2M
Q2 25
$856.5M
$36.1M
Q1 25
$860.8M
$36.0M
Q4 24
$39.7M
Q3 24
$1.0K
$49.1M
Q2 24
$45.9M
Q1 24
$42.4M
Debt / Equity
FVR
FVR
SONM
SONM
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
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
FVR
FVR
SONM
SONM
Operating Cash FlowLast quarter
$42.1M
$-7.0M
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
FVR
FVR
SONM
SONM
Q4 25
$42.1M
Q3 25
$8.3M
$-7.0M
Q2 25
$9.3M
$-4.9M
Q1 25
$8.1M
$-9.6M
Q4 24
$-4.5M
Q3 24
$-417.0K
Q2 24
$-3.4M
Q1 24
$-168.0K
Free Cash Flow
FVR
FVR
SONM
SONM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-4.5M
Q3 24
$-554.0K
Q2 24
$-3.4M
Q1 24
$-198.0K
FCF Margin
FVR
FVR
SONM
SONM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-29.6%
Q3 24
-3.7%
Q2 24
-29.8%
Q1 24
-2.2%
Capex Intensity
FVR
FVR
SONM
SONM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.1%
Q3 24
0.9%
Q2 24
0.3%
Q1 24
0.3%
Cash Conversion
FVR
FVR
SONM
SONM
Q4 25
Q3 25
2.06×
Q2 25
Q1 25
-20.97×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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