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

Immunovant, Inc. is the larger business by last-quarter revenue ($8.4M vs $6.2M, roughly 1.3× NVE CORP). NVE CORP runs the higher net margin — 54.4% vs -899.0%, a 953.4% gap on every dollar of revenue. On growth, Immunovant, Inc. posted the faster year-over-year revenue change (140.7% vs 22.9%). NVE CORP produced more free cash flow last quarter ($-4.8M vs $-59.8M).

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.

NVE Corporation develops and manufactures spintronic-based electronic components, including high-performance magnetoresistive sensors, couplers, and signal isolators. Its products are used in industrial automation, automotive systems, medical devices, and IoT applications, serving global original equipment manufacturers and electronic component distributors.

IMVT vs NVEC — Head-to-Head

Bigger by revenue
IMVT
IMVT
1.3× larger
IMVT
$8.4M
$6.2M
NVEC
Growing faster (revenue YoY)
IMVT
IMVT
+117.8% gap
IMVT
140.7%
22.9%
NVEC
Higher net margin
NVEC
NVEC
953.4% more per $
NVEC
54.4%
-899.0%
IMVT
More free cash flow
NVEC
NVEC
$55.1M more FCF
NVEC
$-4.8M
$-59.8M
IMVT

Income Statement — Q4 FY2024 vs Q3 FY2026

Metric
IMVT
IMVT
NVEC
NVEC
Revenue
$8.4M
$6.2M
Net Profit
$-75.3M
$3.4M
Gross Margin
78.6%
Operating Margin
-896.2%
60.2%
Net Margin
-899.0%
54.4%
Revenue YoY
140.7%
22.9%
Net Profit YoY
-26.7%
11.0%
EPS (diluted)
$-0.50
$0.70

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
NVEC
NVEC
Q4 25
$6.2M
Q3 25
$6.3M
Q2 25
$6.1M
Q1 25
$7.3M
Q4 24
$5.1M
Q3 24
$6.8M
Q2 24
$6.8M
Q1 24
$8.4M
$7.1M
Net Profit
IMVT
IMVT
NVEC
NVEC
Q4 25
$3.4M
Q3 25
$3.3M
Q2 25
$3.6M
Q1 25
$3.9M
Q4 24
$3.0M
Q3 24
$4.0M
Q2 24
$4.1M
Q1 24
$-75.3M
$3.8M
Gross Margin
IMVT
IMVT
NVEC
NVEC
Q4 25
78.6%
Q3 25
78.3%
Q2 25
80.6%
Q1 25
79.2%
Q4 24
84.2%
Q3 24
86.0%
Q2 24
85.6%
Q1 24
75.5%
Operating Margin
IMVT
IMVT
NVEC
NVEC
Q4 25
60.2%
Q3 25
57.6%
Q2 25
62.0%
Q1 25
58.4%
Q4 24
58.5%
Q3 24
65.0%
Q2 24
64.7%
Q1 24
-896.2%
57.3%
Net Margin
IMVT
IMVT
NVEC
NVEC
Q4 25
54.4%
Q3 25
52.2%
Q2 25
58.6%
Q1 25
53.5%
Q4 24
60.2%
Q3 24
59.6%
Q2 24
60.4%
Q1 24
-899.0%
53.8%
EPS (diluted)
IMVT
IMVT
NVEC
NVEC
Q4 25
$0.70
Q3 25
$0.68
Q2 25
$0.74
Q1 25
$0.80
Q4 24
$0.63
Q3 24
$0.83
Q2 24
$0.85
Q1 24
$-0.50
$0.78

Balance Sheet & Financial Strength

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

Metric
IMVT
IMVT
NVEC
NVEC
Cash + ST InvestmentsLiquidity on hand
$635.4M
$20.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$617.8M
$58.3M
Total Assets
$666.4M
$60.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMVT
IMVT
NVEC
NVEC
Q4 25
$20.6M
Q3 25
$17.7M
Q2 25
$15.8M
Q1 25
$21.7M
Q4 24
$20.4M
Q3 24
$22.9M
Q2 24
$21.7M
Q1 24
$635.4M
$22.2M
Stockholders' Equity
IMVT
IMVT
NVEC
NVEC
Q4 25
$58.3M
Q3 25
$59.7M
Q2 25
$61.1M
Q1 25
$62.3M
Q4 24
$63.0M
Q3 24
$64.9M
Q2 24
$64.9M
Q1 24
$617.8M
$65.6M
Total Assets
IMVT
IMVT
NVEC
NVEC
Q4 25
$60.0M
Q3 25
$61.5M
Q2 25
$63.6M
Q1 25
$64.3M
Q4 24
$64.6M
Q3 24
$65.9M
Q2 24
$66.7M
Q1 24
$666.4M
$66.8M

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
NVEC
NVEC
Operating Cash FlowLast quarter
$-59.7M
$4.2M
Free Cash FlowOCF − Capex
$-59.8M
$-4.8M
FCF MarginFCF / Revenue
-714.4%
-77.0%
Capex IntensityCapex / Revenue
1.8%
144.3%
Cash ConversionOCF / Net Profit
1.24×
TTM Free Cash FlowTrailing 4 quarters
$-214.6M
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMVT
IMVT
NVEC
NVEC
Q4 25
$4.2M
Q3 25
$2.8M
Q2 25
$5.2M
Q1 25
$2.5M
Q4 24
$3.8M
Q3 24
$2.1M
Q2 24
$5.9M
Q1 24
$-59.7M
$3.1M
Free Cash Flow
IMVT
IMVT
NVEC
NVEC
Q4 25
$-4.8M
Q3 25
$2.7M
Q2 25
$4.1M
Q1 25
$-7.5M
Q4 24
$-6.3M
Q3 24
$1.9M
Q2 24
$4.9M
Q1 24
$-59.8M
FCF Margin
IMVT
IMVT
NVEC
NVEC
Q4 25
-77.0%
Q3 25
42.9%
Q2 25
67.7%
Q1 25
-103.7%
Q4 24
-124.7%
Q3 24
28.5%
Q2 24
72.8%
Q1 24
-714.4%
Capex Intensity
IMVT
IMVT
NVEC
NVEC
Q4 25
144.3%
Q3 25
1.1%
Q2 25
17.3%
Q1 25
137.9%
Q4 24
200.6%
Q3 24
3.1%
Q2 24
13.5%
Q1 24
1.8%
0.0%
Cash Conversion
IMVT
IMVT
NVEC
NVEC
Q4 25
1.24×
Q3 25
0.84×
Q2 25
1.45×
Q1 25
0.64×
Q4 24
1.26×
Q3 24
0.53×
Q2 24
1.43×
Q1 24
0.82×

Financial Flow Comparison

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

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