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Side-by-side financial comparison of GYRE THERAPEUTICS, INC. (GYRE) and Invesco Mortgage Capital Inc. (IVR). Click either name above to swap in a different company.

GYRE THERAPEUTICS, INC. is the larger business by last-quarter revenue ($37.2M vs $21.3M, roughly 1.7× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -3.7%, a 245.9% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 33.4%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs 17.0%).

GYRE Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel targeted therapies for hard-to-treat hematologic malignancies and solid tumors. It focuses on precision oncology to address unmet patient needs, with operations primarily based in North America.

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

GYRE vs IVR — Head-to-Head

Bigger by revenue
GYRE
GYRE
1.7× larger
GYRE
$37.2M
$21.3M
IVR
Growing faster (revenue YoY)
IVR
IVR
+22.0% gap
IVR
55.4%
33.4%
GYRE
Higher net margin
IVR
IVR
245.9% more per $
IVR
242.2%
-3.7%
GYRE
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
17.0%
GYRE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GYRE
GYRE
IVR
IVR
Revenue
$37.2M
$21.3M
Net Profit
$-1.4M
$51.5M
Gross Margin
95.3%
Operating Margin
0.3%
Net Margin
-3.7%
242.2%
Revenue YoY
33.4%
55.4%
Net Profit YoY
-340.1%
1368.7%
EPS (diluted)
$-0.01
$0.72

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
GYRE
GYRE
IVR
IVR
Q4 25
$37.2M
$21.3M
Q3 25
$30.6M
$17.6M
Q2 25
$26.8M
$17.7M
Q1 25
$22.1M
$18.8M
Q4 24
$27.9M
$13.7M
Q3 24
$25.5M
$7.5M
Q2 24
$25.2M
$8.6M
Q1 24
$27.2M
$7.0M
Net Profit
GYRE
GYRE
IVR
IVR
Q4 25
$-1.4M
$51.5M
Q3 25
$5.9M
$53.5M
Q2 25
$1.6M
$-23.3M
Q1 25
$3.7M
$19.6M
Q4 24
$569.0K
$3.5M
Q3 24
$2.9M
$40.7M
Q2 24
$4.5M
$-13.5M
Q1 24
$9.9M
$29.1M
Gross Margin
GYRE
GYRE
IVR
IVR
Q4 25
95.3%
Q3 25
94.7%
Q2 25
95.7%
Q1 25
95.9%
Q4 24
95.8%
Q3 24
96.2%
Q2 24
96.9%
Q1 24
96.4%
Operating Margin
GYRE
GYRE
IVR
IVR
Q4 25
0.3%
Q3 25
22.7%
Q2 25
8.1%
Q1 25
10.3%
Q4 24
2.4%
Q3 24
16.6%
Q2 24
12.7%
Q1 24
29.7%
Net Margin
GYRE
GYRE
IVR
IVR
Q4 25
-3.7%
242.2%
Q3 25
19.4%
303.6%
Q2 25
5.9%
-131.6%
Q1 25
16.9%
104.4%
Q4 24
2.0%
25.6%
Q3 24
11.2%
542.2%
Q2 24
18.0%
-155.9%
Q1 24
36.6%
415.9%
EPS (diluted)
GYRE
GYRE
IVR
IVR
Q4 25
$-0.01
$0.72
Q3 25
$0.03
$0.74
Q2 25
$0.00
$-0.40
Q1 25
$0.00
$0.26
Q4 24
$0.00
$-0.09
Q3 24
$0.01
$0.63
Q2 24
$0.01
$-0.38
Q1 24
$0.03
$0.49

Balance Sheet & Financial Strength

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

Metric
GYRE
GYRE
IVR
IVR
Cash + ST InvestmentsLiquidity on hand
$52.4M
$56.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$106.0M
$797.5M
Total Assets
$166.1M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GYRE
GYRE
IVR
IVR
Q4 25
$52.4M
$56.0M
Q3 25
$60.0M
$58.5M
Q2 25
$54.4M
$59.4M
Q1 25
$29.9M
$42.9M
Q4 24
$26.7M
$73.4M
Q3 24
$25.1M
$48.3M
Q2 24
$25.1M
$58.8M
Q1 24
$37.4M
$59.9M
Stockholders' Equity
GYRE
GYRE
IVR
IVR
Q4 25
$106.0M
$797.5M
Q3 25
$101.9M
$769.6M
Q2 25
$92.0M
$709.4M
Q1 25
$68.1M
$759.2M
Q4 24
$63.3M
$730.7M
Q3 24
$63.2M
$857.0M
Q2 24
$60.4M
$759.2M
Q1 24
$56.6M
$785.6M
Total Assets
GYRE
GYRE
IVR
IVR
Q4 25
$166.1M
$6.5B
Q3 25
$159.4M
$6.0B
Q2 25
$152.6M
$5.4B
Q1 25
$129.8M
$6.2B
Q4 24
$125.4M
$5.7B
Q3 24
$125.2M
$6.1B
Q2 24
$120.9M
$5.1B
Q1 24
$122.0M
$5.2B

Cash Flow & Capital Efficiency

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

Metric
GYRE
GYRE
IVR
IVR
Operating Cash FlowLast quarter
$-5.6M
$157.1M
Free Cash FlowOCF − Capex
$-5.8M
FCF MarginFCF / Revenue
-15.5%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters
$-180.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GYRE
GYRE
IVR
IVR
Q4 25
$-5.6M
$157.1M
Q3 25
$4.7M
$37.3M
Q2 25
$2.1M
$40.6M
Q1 25
$-129.0K
$19.3M
Q4 24
$-2.8M
$183.2M
Q3 24
$1.7M
$30.8M
Q2 24
$-5.5M
$33.0M
Q1 24
$2.9M
$57.5M
Free Cash Flow
GYRE
GYRE
IVR
IVR
Q4 25
$-5.8M
Q3 25
$4.0M
Q2 25
$1.8M
Q1 25
$-251.0K
Q4 24
$-2.8M
Q3 24
$1.0M
Q2 24
$-6.9M
Q1 24
$2.7M
FCF Margin
GYRE
GYRE
IVR
IVR
Q4 25
-15.5%
Q3 25
13.1%
Q2 25
6.8%
Q1 25
-1.1%
Q4 24
-10.1%
Q3 24
4.1%
Q2 24
-27.5%
Q1 24
9.8%
Capex Intensity
GYRE
GYRE
IVR
IVR
Q4 25
0.4%
Q3 25
2.2%
Q2 25
1.0%
Q1 25
0.6%
Q4 24
0.2%
Q3 24
2.7%
Q2 24
5.8%
Q1 24
0.9%
Cash Conversion
GYRE
GYRE
IVR
IVR
Q4 25
3.05×
Q3 25
0.79×
0.70×
Q2 25
1.32×
Q1 25
-0.03×
0.98×
Q4 24
-4.85×
52.24×
Q3 24
0.60×
0.76×
Q2 24
-1.21×
Q1 24
0.29×
1.97×

Financial Flow Comparison

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

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