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

GLADSTONE LAND Corp is the larger business by last-quarter revenue ($16.6M vs $8.4M, roughly 2.0× Immunovant, Inc.). On growth, Immunovant, Inc. posted the faster year-over-year revenue change (140.7% vs -1.5%).

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.

Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While it...

IMVT vs LAND — Head-to-Head

Bigger by revenue
LAND
LAND
2.0× larger
LAND
$16.6M
$8.4M
IMVT
Growing faster (revenue YoY)
IMVT
IMVT
+142.2% gap
IMVT
140.7%
-1.5%
LAND

Income Statement — Q4 FY2024 vs Q1 FY2026

Metric
IMVT
IMVT
LAND
LAND
Revenue
$8.4M
$16.6M
Net Profit
$-75.3M
Gross Margin
Operating Margin
-896.2%
200.3%
Net Margin
-899.0%
Revenue YoY
140.7%
-1.5%
Net Profit YoY
-26.7%
EPS (diluted)
$-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
IMVT
IMVT
LAND
LAND
Q1 26
$16.6M
Q4 25
$41.5M
Q3 25
$17.8M
Q2 25
$12.3M
Q1 25
$16.8M
Q4 24
$21.1M
Q3 24
$22.6M
Q2 24
$21.3M
Net Profit
IMVT
IMVT
LAND
LAND
Q1 26
Q4 25
$4.2M
Q3 25
$2.1M
Q2 25
$-7.9M
Q1 25
$15.1M
Q4 24
$540.0K
Q3 24
$6.0K
Q2 24
$-823.0K
Operating Margin
IMVT
IMVT
LAND
LAND
Q1 26
200.3%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Net Margin
IMVT
IMVT
LAND
LAND
Q1 26
Q4 25
10.2%
Q3 25
11.7%
Q2 25
-64.1%
Q1 25
89.9%
Q4 24
2.6%
Q3 24
0.0%
Q2 24
-3.9%
EPS (diluted)
IMVT
IMVT
LAND
LAND
Q1 26
Q4 25
$-0.05
Q3 25
$-0.11
Q2 25
$-0.38
Q1 25
$0.25
Q4 24
$-0.15
Q3 24
$-0.16
Q2 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
IMVT
IMVT
LAND
LAND
Cash + ST InvestmentsLiquidity on hand
$635.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$617.8M
$688.3M
Total Assets
$666.4M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMVT
IMVT
LAND
LAND
Q1 26
Q4 25
$27.2M
Q3 25
$11.3M
Q2 25
$30.5M
Q1 25
$42.9M
Q4 24
$18.3M
Q3 24
$13.2M
Q2 24
$49.8M
Total Debt
IMVT
IMVT
LAND
LAND
Q1 26
Q4 25
$473.6M
Q3 25
$480.4M
Q2 25
$496.4M
Q1 25
$498.8M
Q4 24
$527.5M
Q3 24
$530.7M
Q2 24
$549.4M
Stockholders' Equity
IMVT
IMVT
LAND
LAND
Q1 26
$688.3M
Q4 25
$670.3M
Q3 25
$661.8M
Q2 25
$670.1M
Q1 25
$689.9M
Q4 24
$687.2M
Q3 24
$691.2M
Q2 24
$708.5M
Total Assets
IMVT
IMVT
LAND
LAND
Q1 26
$1.2B
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.4B
Debt / Equity
IMVT
IMVT
LAND
LAND
Q1 26
Q4 25
0.71×
Q3 25
0.73×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.77×
Q3 24
0.77×
Q2 24
0.78×

Cash Flow & Capital Efficiency

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

Metric
IMVT
IMVT
LAND
LAND
Operating Cash FlowLast quarter
$-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
IMVT
IMVT
LAND
LAND
Q1 26
Q4 25
$7.0M
Q3 25
$-12.0M
Q2 25
$3.9M
Q1 25
$4.5M
Q4 24
$29.5M
Q3 24
$-1.4M
Q2 24
$15.9M
Cash Conversion
IMVT
IMVT
LAND
LAND
Q1 26
Q4 25
1.66×
Q3 25
-5.77×
Q2 25
Q1 25
0.30×
Q4 24
54.72×
Q3 24
-227.83×
Q2 24

Financial Flow Comparison

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

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